Monthly Rent Report
Back of the Yards Rent Report — April 2024
Asking rents in ZIP 60609, Chicago, from 207 listings.
Median 1BR rent in Back of the Yards was $1,295 in April 2024, down 4.1% (−$55) from March 2024 and up 18.3% year-over-year. The middle half of 1BR listings asked between $1,295 and $1,295. That puts Back of the Yards $205 below the Chicago citywide 1BR median of $1,500. The month's figures are based on 207 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $700 | $0 (0.0%) | −$1,316 (-65.3%) | $700 – $700 | 1 |
| 1BR | $1,295 | −$55 (-4.1%) | +$200 (+18.3%) | $1,295 – $1,295 | 1 |
| 1BR | $1,300 | −$50 (-3.7%) | +$205 (+18.7%) | $1,125 – $1,398 | 23 |
| 2BR | $1,350 | −$150 (-10.0%) | −$150 (-10.0%) | $1,350 – $1,350 | 1 |
| 2BR | $1,400 | −$100 (-6.7%) | −$100 (-6.7%) | $1,200 – $1,800 | 130 |
| 3BR | $1,800 | +$100 (+5.9%) | +$375 (+26.3%) | $1,613 – $2,000 | 39 |
| 3BR | $1,250 | −$450 (-26.5%) | −$175 (-12.3%) | $1,250 – $1,250 | 1 |
| 4BR | $1,600 | −$100 (-5.9%) | +$58 (+3.8%) | $1,600 – $1,625 | 4 |
| 4BR | $1,600 | −$100 (-5.9%) | +$58 (+3.8%) | $1,600 – $1,650 | 3 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Back of the Yards vs. Chicago — April 2024
| Bedrooms | Back of the Yards Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $700 | $1,222 | −$522 (-42.7%) |
| 1BR | $1,295 | $1,500 | −$205 (-13.7%) |
| 1BR | $1,300 | $1,500 | −$200 (-13.3%) |
| 2BR | $1,350 | $1,850 | −$500 (-27.0%) |
| 2BR | $1,400 | $1,850 | −$450 (-24.3%) |
| 3BR | $1,800 | $2,300 | −$500 (-21.7%) |
| 3BR | $1,250 | $2,300 | −$1,050 (-45.7%) |
| 4BR | $1,600 | $2,800 | −$1,200 (-42.9%) |
| 4BR | $1,600 | $2,800 | −$1,200 (-42.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2024.