Monthly Rent Report
Avondale Rent Report — May 2024
Asking rents in ZIP 60618, Chicago, from 311 listings.
Median 1BR rent in Avondale was $995 in May 2024, down 33.6% (−$502) from April 2024 and down 30.9% year-over-year. The middle half of 1BR listings asked between $995 and $995. That puts Avondale $508 below the Chicago citywide 1BR median of $1,503. The month's figures are based on 311 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,250 | +$125 (+11.1%) | +$345 (+38.1%) | $1,156 – $2,100 | 46 |
| Studio | $1,195 | +$70 (+6.2%) | +$290 (+32.0%) | $1,195 – $1,195 | 1 |
| 1BR | $995 | −$502 (-33.6%) | −$445 (-30.9%) | $995 – $995 | 1 |
| 1BR | $1,500 | +$3 (+0.2%) | +$60 (+4.2%) | $1,375 – $1,850 | 5 |
| 2BR | $1,950 | −$397 (-16.9%) | $0 (0.0%) | $1,950 – $1,950 | 8 |
| 2BR | $2,095 | −$252 (-10.8%) | +$145 (+7.4%) | $2,000 – $2,495 | 5 |
| 3BR | $2,700 | −$100 (-3.6%) | −$1,100 (-28.9%) | $2,299 – $3,475 | 200 |
| 3BR | $1,850 | −$950 (-33.9%) | −$1,950 (-51.3%) | $1,850 – $1,850 | 1 |
| 4BR | $3,300 | −$595 (-15.3%) | +$420 (+14.6%) | $2,930 – $4,400 | 34 |
| 4BR | $3,200 | −$695 (-17.8%) | +$320 (+11.1%) | $3,200 – $3,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Avondale vs. Chicago — May 2024
| Bedrooms | Avondale Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,250 | $1,196 | +$54 (+4.5%) |
| Studio | $1,195 | $1,196 | −$1 (-0.1%) |
| 1BR | $995 | $1,503 | −$507 (-33.8%) |
| 1BR | $1,500 | $1,503 | −$2 (-0.2%) |
| 2BR | $1,950 | $1,825 | +$125 (+6.8%) |
| 2BR | $2,095 | $1,825 | +$270 (+14.8%) |
| 3BR | $2,700 | $2,236 | +$464 (+20.8%) |
| 3BR | $1,850 | $2,236 | −$386 (-17.3%) |
| 4BR | $3,300 | $2,725 | +$575 (+21.1%) |
| 4BR | $3,200 | $2,725 | +$475 (+17.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.