Monthly Rent Report
Back of the Yards Rent Report — May 2024
Asking rents in ZIP 60609, Chicago, from 197 listings.
Median 1BR rent in Back of the Yards was $800 in May 2024, down 38.2% (−$495) from April 2024 and up 14.3% year-over-year. The middle half of 1BR listings asked between $800 and $800. That puts Back of the Yards $703 below the Chicago citywide 1BR median of $1,503. The month's figures are based on 197 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $800 | −$495 (-38.2%) | +$100 (+14.3%) | $800 – $800 | 1 |
| 1BR | $1,300 | +$5 (+0.4%) | +$600 (+85.7%) | $1,250 – $1,600 | 21 |
| 2BR | $1,600 | +$250 (+18.5%) | +$105 (+7.0%) | $1,600 – $1,600 | 1 |
| 2BR | $1,475 | +$125 (+9.3%) | −$20 (-1.3%) | $1,300 – $1,850 | 111 |
| 3BR | $1,700 | −$100 (-5.6%) | +$53 (+3.2%) | $1,700 – $1,700 | 2 |
| 3BR | $1,675 | −$125 (-6.9%) | +$28 (+1.7%) | $1,600 – $1,850 | 54 |
| 4BR | $1,700 | +$100 (+6.3%) | +$200 (+13.3%) | $1,650 – $1,750 | 3 |
| 4BR | $3,200 | +$1,600 (+100.0%) | +$1,700 (+113.3%) | $3,200 – $3,200 | 2 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Back of the Yards vs. Chicago — May 2024
| Bedrooms | Back of the Yards Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $800 | $1,503 | −$702 (-46.8%) |
| 1BR | $1,300 | $1,503 | −$202 (-13.5%) |
| 2BR | $1,600 | $1,825 | −$225 (-12.3%) |
| 2BR | $1,475 | $1,825 | −$350 (-19.2%) |
| 3BR | $1,700 | $2,236 | −$536 (-24.0%) |
| 3BR | $1,675 | $2,236 | −$561 (-25.1%) |
| 4BR | $1,700 | $2,725 | −$1,025 (-37.6%) |
| 4BR | $3,200 | $2,725 | +$475 (+17.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.