Monthly Rent Report
Back of the Yards Rent Report — February 2024
Asking rents in ZIP 60609, Chicago, from 207 listings.
Median 1BR rent in Back of the Yards was $1,275 in February 2024, down 5.6% (−$75) from January 2024 and up 18.6% year-over-year. The middle half of 1BR listings asked between $1,200 and $1,300. That puts Back of the Yards $225 below the Chicago citywide 1BR median of $1,500. The month's figures are based on 207 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $700 | — | −$1,316 (-65.3%) | $700 – $700 | 2 |
| Studio | $700 | — | −$1,316 (-65.3%) | $700 – $700 | 1 |
| 1BR | $1,275 | −$75 (-5.6%) | +$200 (+18.6%) | $1,200 – $1,300 | 20 |
| 1BR | $1,195 | −$155 (-11.5%) | +$120 (+11.2%) | $1,195 – $1,195 | 1 |
| 2BR | $1,350 | $0 (0.0%) | +$50 (+3.8%) | $1,200 – $1,675 | 92 |
| 2BR | $1,000 | −$350 (-25.9%) | −$300 (-23.1%) | $1,000 – $1,000 | 1 |
| 3BR | $1,613 | −$187 (-10.4%) | +$63 (+4.0%) | $1,500 – $1,750 | 54 |
| 3BR | $1,600 | −$200 (-11.1%) | +$50 (+3.2%) | $1,500 – $2,700 | 13 |
| 4BR | $5,000 | +$3,200 (+177.8%) | +$3,600 (+257.1%) | $5,000 – $5,000 | 1 |
| 4BR | $1,800 | $0 (0.0%) | +$400 (+28.6%) | $1,800 – $2,200 | 18 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Back of the Yards vs. Chicago — February 2024
| Bedrooms | Back of the Yards Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $700 | $1,211 | −$511 (-42.2%) |
| Studio | $700 | $1,211 | −$511 (-42.2%) |
| 1BR | $1,275 | $1,500 | −$225 (-15.0%) |
| 1BR | $1,195 | $1,500 | −$305 (-20.3%) |
| 2BR | $1,350 | $1,813 | −$462 (-25.5%) |
| 2BR | $1,000 | $1,813 | −$812 (-44.8%) |
| 3BR | $1,613 | $2,300 | −$687 (-29.9%) |
| 3BR | $1,600 | $2,300 | −$700 (-30.4%) |
| 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 February 2024.