Monthly Rent Report
ZIP 60031 Rent Report — August 2024
Asking rents in ZIP 60031, Chicago, from 4 listings.
Median 1BR rent in ZIP 60031 was $1,075 in August 2024, down 15.7% (−$200) from July 2024 and up 13.2% year-over-year. The middle half of 1BR listings asked between $1,075 and $1,075. That puts ZIP 60031 $463 below the Chicago citywide 1BR median of $1,538. The month's figures are based on 4 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,075 | −$200 (-15.7%) | +$125 (+13.2%) | $1,075 – $1,075 | 1 |
| 2BR | $1,395 | $0 (0.0%) | −$605 (-30.3%) | $1,395 – $1,395 | 1 |
| 3BR | $1,500 | — | — | $1,500 – $1,500 | 1 |
| 4BR | $3,145 | +$195 (+6.6%) | −$310 (-9.0%) | $3,145 – $3,145 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
ZIP 60031 vs. Chicago — August 2024
| Bedrooms | ZIP 60031 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,075 | $1,538 | −$463 (-30.1%) |
| 2BR | $1,395 | $1,823 | −$427 (-23.5%) |
| 3BR | $1,500 | $2,300 | −$800 (-34.8%) |
| 4BR | $3,145 | $2,995 | +$150 (+5.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2024.