Monthly Rent Report
Back of the Yards Rent Report — March 2024
Asking rents in ZIP 60609, Chicago, from 138 listings.
Median 1BR rent in Back of the Yards was $1,350 in March 2024, up 5.9% (+$75) from February 2024 and up 22.0% year-over-year. The middle half of 1BR listings asked between $1,138 and $1,500. That puts Back of the Yards $155 below the Chicago citywide 1BR median of $1,505. The month's figures are based on 138 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $700 | $0 (0.0%) | — | $700 – $700 | 1 |
| Studio | $700 | $0 (0.0%) | — | $700 – $700 | 2 |
| 1BR | $1,350 | +$75 (+5.9%) | +$243 (+22.0%) | $1,138 – $1,500 | 16 |
| 1BR | $1,215 | −$60 (-4.7%) | +$108 (+9.8%) | $1,215 – $1,215 | 1 |
| 2BR | $1,200 | +$200 (+20.0%) | +$50 (+4.3%) | $1,200 – $1,200 | 1 |
| 2BR | $1,500 | +$500 (+50.0%) | +$350 (+30.4%) | $1,350 – $2,205 | 57 |
| 3BR | $1,700 | +$100 (+6.3%) | +$50 (+3.0%) | $1,700 – $1,700 | 2 |
| 3BR | $1,600 | $0 (0.0%) | −$50 (-3.0%) | $1,497 – $1,750 | 37 |
| 4BR | $1,700 | −$100 (-5.6%) | +$100 (+6.3%) | $1,700 – $1,700 | 5 |
| 4BR | $1,700 | −$100 (-5.6%) | +$100 (+6.3%) | $1,700 – $1,700 | 6 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Back of the Yards vs. Chicago — March 2024
| Bedrooms | Back of the Yards Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $700 | $1,225 | −$525 (-42.9%) |
| Studio | $700 | $1,225 | −$525 (-42.9%) |
| 1BR | $1,350 | $1,505 | −$154 (-10.3%) |
| 1BR | $1,215 | $1,505 | −$289 (-19.2%) |
| 2BR | $1,200 | $1,900 | −$700 (-36.8%) |
| 2BR | $1,500 | $1,900 | −$400 (-21.1%) |
| 3BR | $1,700 | $2,250 | −$550 (-24.4%) |
| 3BR | $1,600 | $2,250 | −$650 (-28.9%) |
| 4BR | $1,700 | $2,650 | −$950 (-35.8%) |
| 4BR | $1,700 | $2,650 | −$950 (-35.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2024.