Monthly Rent Report
Back of the Yards Rent Report — November 2023
Asking rents in ZIP 60609, Chicago, from 166 listings.
Median 1BR rent in Back of the Yards was $1,198 in November 2023, up 84.2% (+$548) from October 2023 and up 26.4% year-over-year. The middle half of 1BR listings asked between $856 and $1,250. That puts Back of the Yards $306 below the Chicago citywide 1BR median of $1,504. The month's figures are based on 166 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $975 | +$65 (+7.1%) | −$1,066 (-52.2%) | $926 – $975 | 6 |
| Studio | $1,400 | +$490 (+53.8%) | −$641 (-31.4%) | $1,400 – $1,400 | 1 |
| 1BR | $1,198 | +$548 (+84.2%) | +$250 (+26.4%) | $856 – $1,250 | 18 |
| 1BR | $1,295 | +$645 (+99.2%) | +$348 (+36.7%) | $1,295 – $1,295 | 1 |
| 2BR | $1,400 | +$50 (+3.7%) | +$150 (+12.0%) | $1,250 – $1,600 | 98 |
| 2BR | $1,250 | −$100 (-7.4%) | $0 (0.0%) | $1,250 – $1,250 | 2 |
| 3BR | $1,600 | −$1,600 (-50.0%) | +$500 (+45.5%) | $1,600 – $1,600 | 3 |
| 3BR | $1,600 | −$1,600 (-50.0%) | +$500 (+45.5%) | $1,300 – $1,600 | 5 |
| 4BR | $1,800 | +$305 (+20.4%) | −$1,400 (-43.8%) | $1,648 – $2,500 | 11 |
| 4BR | $1,800 | +$305 (+20.4%) | −$1,400 (-43.8%) | $1,648 – $2,500 | 11 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Back of the Yards vs. Chicago — November 2023
| Bedrooms | Back of the Yards Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $975 | $1,160 | −$185 (-15.9%) |
| Studio | $1,400 | $1,160 | +$240 (+20.7%) |
| 1BR | $1,198 | $1,504 | −$306 (-20.4%) |
| 1BR | $1,295 | $1,504 | −$208 (-13.9%) |
| 2BR | $1,400 | $1,800 | −$400 (-22.2%) |
| 2BR | $1,250 | $1,800 | −$550 (-30.6%) |
| 3BR | $1,600 | $2,298 | −$697 (-30.4%) |
| 3BR | $1,600 | $2,298 | −$697 (-30.4%) |
| 4BR | $1,800 | $2,750 | −$950 (-34.5%) |
| 4BR | $1,800 | $2,750 | −$950 (-34.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2023.