Monthly Rent Report
ZIP 60707 Rent Report — May 2024
Asking rents in ZIP 60707, Chicago, from 204 listings.
Median 1BR rent in ZIP 60707 was $1,315 in May 2024, up 31.5% (+$315) from April 2024 and up 9.6% year-over-year. The middle half of 1BR listings asked between $1,315 and $1,315. That puts ZIP 60707 $188 below the Chicago citywide 1BR median of $1,503. The month's figures are based on 204 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,705 | −$5 (-0.3%) | +$655 (+62.4%) | $1,705 – $1,708 | 3 |
| Studio | $1,708 | −$2 (-0.1%) | +$658 (+62.6%) | $1,705 – $1,710 | 4 |
| 1BR | $1,315 | +$315 (+31.5%) | +$115 (+9.6%) | $1,315 – $1,315 | 1 |
| 1BR | $1,400 | +$400 (+40.0%) | +$200 (+16.7%) | $1,305 – $1,450 | 11 |
| 2BR | $2,645 | +$295 (+12.6%) | +$245 (+10.2%) | $2,620 – $2,670 | 2 |
| 2BR | $2,325 | −$25 (-1.1%) | −$75 (-3.1%) | $1,800 – $2,450 | 28 |
| 3BR | $2,550 | −$405 (-13.7%) | +$5 (+0.2%) | $2,475 – $2,625 | 2 |
| 3BR | $2,351 | −$604 (-20.4%) | −$194 (-7.6%) | $2,295 – $2,800 | 129 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
ZIP 60707 vs. Chicago — May 2024
| Bedrooms | ZIP 60707 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,705 | $1,196 | +$509 (+42.6%) |
| Studio | $1,708 | $1,196 | +$512 (+42.8%) |
| 1BR | $1,315 | $1,503 | −$187 (-12.5%) |
| 1BR | $1,400 | $1,503 | −$102 (-6.8%) |
| 2BR | $2,645 | $1,825 | +$820 (+44.9%) |
| 2BR | $2,325 | $1,825 | +$500 (+27.4%) |
| 3BR | $2,550 | $2,236 | +$314 (+14.0%) |
| 3BR | $2,351 | $2,236 | +$115 (+5.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.