Monthly Rent Report
Avondale Rent Report — August 2024
Asking rents in ZIP 60618, Chicago, from 19 listings.
Median 1BR rent in Avondale was $1,325 in August 2024, down 16.9% (−$270) from July 2024 and down 8.6% year-over-year. The middle half of 1BR listings asked between $1,325 and $1,325. That puts Avondale $213 below the Chicago citywide 1BR median of $1,538. The month's figures are based on 19 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,280 | −$315 (-19.7%) | +$30 (+2.4%) | $1,280 – $1,280 | 1 |
| 1BR | $1,325 | −$270 (-16.9%) | −$125 (-8.6%) | $1,325 – $1,325 | 1 |
| 1BR | $1,575 | −$20 (-1.3%) | +$125 (+8.6%) | $1,338 – $1,575 | 3 |
| 2BR | $1,775 | −$175 (-9.0%) | −$475 (-21.1%) | $1,738 – $1,863 | 3 |
| 2BR | $1,500 | −$450 (-23.1%) | −$750 (-33.3%) | $1,500 – $1,500 | 1 |
| 3BR | $3,295 | +$1,345 (+69.0%) | +$995 (+43.3%) | $3,295 – $3,295 | 1 |
| 3BR | $2,500 | +$550 (+28.2%) | +$200 (+8.7%) | $2,500 – $2,500 | 2 |
| 4BR | $5,500 | +$2,353 (+74.7%) | +$2,385 (+76.6%) | $5,500 – $5,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Avondale vs. Chicago — August 2024
| Bedrooms | Avondale Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,280 | $1,190 | +$90 (+7.6%) |
| 1BR | $1,325 | $1,538 | −$213 (-13.8%) |
| 1BR | $1,575 | $1,538 | +$37 (+2.4%) |
| 2BR | $1,775 | $1,823 | −$47 (-2.6%) |
| 2BR | $1,500 | $1,823 | −$322 (-17.7%) |
| 3BR | $3,295 | $2,300 | +$995 (+43.3%) |
| 3BR | $2,500 | $2,300 | +$200 (+8.7%) |
| 4BR | $5,500 | $2,995 | +$2,505 (+83.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2024.