Monthly Rent Report
ZIP 60827 Rent Report — July 2023
Asking rents in ZIP 60827, Chicago, from 13 listings.
Median 1BR rent in ZIP 60827 was $1,000 in July 2023, up 11.1% (+$100) from June 2023 and up 17.6% year-over-year. The middle half of 1BR listings asked between $1,000 and $1,000. That puts ZIP 60827 $450 below the Chicago citywide 1BR median of $1,450. The month's figures are based on 13 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $788 | +$13 (+1.6%) | — | $781 – $794 | 2 |
| 1BR | $1,000 | +$100 (+11.1%) | +$150 (+17.6%) | $1,000 – $1,000 | 3 |
| 1BR | $900 | $0 (0.0%) | +$50 (+5.9%) | $900 – $900 | 1 |
| 2BR | $1,100 | −$573 (-34.2%) | −$275 (-20.0%) | $1,100 – $1,100 | 1 |
| 2BR | $1,800 | +$127 (+7.6%) | +$425 (+30.9%) | $1,763 – $1,800 | 3 |
| 3BR | $1,995 | +$245 (+14.0%) | +$295 (+17.4%) | $1,995 – $1,995 | 1 |
| 4BR | $1,218 | −$747 (-38.0%) | −$249 (-17.0%) | $1,151 – $1,284 | 2 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
ZIP 60827 vs. Chicago — July 2023
| Bedrooms | ZIP 60827 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $788 | $1,200 | −$412 (-34.4%) |
| 1BR | $1,000 | $1,450 | −$450 (-31.0%) |
| 1BR | $900 | $1,450 | −$550 (-37.9%) |
| 2BR | $1,100 | $1,795 | −$695 (-38.7%) |
| 2BR | $1,800 | $1,795 | +$5 (+0.3%) |
| 3BR | $1,995 | $2,273 | −$277 (-12.2%) |
| 4BR | $1,218 | $2,709 | −$1,491 (-55.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2023.