Monthly Rent Report
Back of the Yards Rent Report — December 2023
Asking rents in ZIP 60609, Chicago, from 82 listings.
Median 1BR rent in Back of the Yards was $1,450 in December 2023, up 21.1% (+$253) from November 2023 and up 61.1% year-over-year. The middle half of 1BR listings asked between $1,450 and $1,450. That puts Back of the Yards in line with the Chicago citywide 1BR median of $1,455. The month's figures are based on 82 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $850 | −$125 (-12.8%) | — | $850 – $850 | 1 |
| Studio | $880 | −$95 (-9.7%) | — | $850 – $926 | 4 |
| 1BR | $1,450 | +$253 (+21.1%) | +$550 (+61.1%) | $1,450 – $1,450 | 1 |
| 1BR | $1,148 | −$50 (-4.2%) | +$248 (+27.5%) | $1,050 – $1,250 | 16 |
| 2BR | $1,195 | −$55 (-4.4%) | −$22 (-1.8%) | $1,195 – $1,195 | 1 |
| 2BR | $1,600 | +$350 (+28.0%) | +$383 (+31.5%) | $1,550 – $1,600 | 5 |
| 3BR | $1,700 | +$100 (+6.3%) | +$350 (+25.9%) | $1,700 – $1,700 | 1 |
| 3BR | $1,525 | −$75 (-4.7%) | +$175 (+13.0%) | $1,450 – $1,700 | 24 |
| 4BR | $1,850 | +$50 (+2.8%) | +$350 (+23.3%) | $1,800 – $2,350 | 6 |
| 4BR | $1,850 | +$50 (+2.8%) | +$350 (+23.3%) | $1,800 – $2,500 | 10 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Back of the Yards vs. Chicago — December 2023
| Bedrooms | Back of the Yards Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $850 | $1,218 | −$367 (-30.2%) |
| Studio | $880 | $1,218 | −$337 (-27.7%) |
| 1BR | $1,450 | $1,455 | −$5 (-0.3%) |
| 1BR | $1,148 | $1,455 | −$307 (-21.1%) |
| 2BR | $1,195 | $1,800 | −$605 (-33.6%) |
| 2BR | $1,600 | $1,800 | −$200 (-11.1%) |
| 3BR | $1,700 | $2,472 | −$772 (-31.2%) |
| 3BR | $1,525 | $2,472 | −$947 (-38.3%) |
| 4BR | $1,850 | $2,630 | −$780 (-29.7%) |
| 4BR | $1,850 | $2,630 | −$780 (-29.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2023.