Monthly Rent Report
Back of the Yards Rent Report — January 2024
Asking rents in ZIP 60609, Chicago, from 104 listings.
Median 1BR rent in Back of the Yards was $1,350 in January 2024, down 6.9% (−$100) from December 2023 and up 80.0% year-over-year. The middle half of 1BR listings asked between $1,350 and $1,350. That puts Back of the Yards $167 below the Chicago citywide 1BR median of $1,517. The month's figures are based on 104 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,350 | −$100 (-6.9%) | +$600 (+80.0%) | $1,350 – $1,350 | 1 |
| 1BR | $1,100 | −$350 (-24.1%) | +$350 (+46.7%) | $875 – $1,250 | 6 |
| 2BR | $1,250 | −$350 (-21.9%) | −$250 (-16.7%) | $1,250 – $1,375 | 3 |
| 2BR | $1,350 | −$250 (-15.6%) | −$150 (-10.0%) | $1,213 – $1,600 | 46 |
| 3BR | $1,800 | +$100 (+5.9%) | +$450 (+33.3%) | $1,490 – $2,300 | 33 |
| 3BR | $1,300 | −$400 (-23.5%) | −$50 (-3.7%) | $1,300 – $1,300 | 1 |
| 4BR | $5,000 | +$3,151 (+170.3%) | — | $1,700 – $5,000 | 7 |
| 4BR | $1,800 | −$49 (-2.7%) | — | $1,800 – $1,800 | 1 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Back of the Yards vs. Chicago — January 2024
| Bedrooms | Back of the Yards Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,350 | $1,517 | −$167 (-11.0%) |
| 1BR | $1,100 | $1,517 | −$417 (-27.5%) |
| 2BR | $1,250 | $1,800 | −$550 (-30.6%) |
| 2BR | $1,350 | $1,800 | −$450 (-25.0%) |
| 3BR | $1,800 | $2,300 | −$500 (-21.7%) |
| 3BR | $1,300 | $2,300 | −$1,000 (-43.5%) |
| 4BR | $5,000 | $2,792 | +$2,209 (+79.1%) |
| 4BR | $1,800 | $2,792 | −$991 (-35.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2024.