Monthly Rent Report
ZIP 60707 Rent Report — August 2024
Asking rents in ZIP 60707, Chicago, from 39 listings.
Median 1BR rent in ZIP 60707 was $1,200 in August 2024, down 2.0% (−$25) from July 2024 and down 33.1% year-over-year. The middle half of 1BR listings asked between $1,200 and $1,200. That puts ZIP 60707 $338 below the Chicago citywide 1BR median of $1,538. The month's figures are based on 39 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,428 | — | +$428 (+42.8%) | $1,137 – $1,706 | 4 |
| 1BR | $1,200 | −$25 (-2.0%) | −$595 (-33.1%) | $1,200 – $1,200 | 2 |
| 2BR | $2,895 | +$1,295 (+80.9%) | +$570 (+24.5%) | $2,895 – $2,895 | 1 |
| 3BR | $2,895 | +$544 (+23.1%) | +$544 (+23.1%) | $2,895 – $2,895 | 1 |
| 4BR | $3,235 | +$360 (+12.5%) | +$535 (+19.8%) | $3,235 – $3,235 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
ZIP 60707 vs. Chicago — August 2024
| Bedrooms | ZIP 60707 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,428 | $1,190 | +$238 (+20.0%) |
| 1BR | $1,200 | $1,538 | −$338 (-22.0%) |
| 2BR | $2,895 | $1,823 | +$1,073 (+58.8%) |
| 3BR | $2,895 | $2,300 | +$595 (+25.9%) |
| 4BR | $3,235 | $2,995 | +$240 (+8.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2024.