Monthly Rent Report
Back of the Yards Rent Report — July 2024
Asking rents in ZIP 60609, Chicago, from 26 listings.
Median 1BR rent in Back of the Yards was $1,298 in July 2024, up 8.6% (+$103) from June 2024 and up 73.0% year-over-year. The middle half of 1BR listings asked between $1,145 and $1,421. That puts Back of the Yards $263 below the Chicago citywide 1BR median of $1,560. The month's figures are based on 26 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $995 | +$120 (+13.7%) | −$1,021 (-50.6%) | $995 – $995 | 1 |
| Studio | $995 | +$120 (+13.7%) | −$1,021 (-50.6%) | $995 – $995 | 2 |
| 1BR | $1,298 | +$103 (+8.6%) | +$548 (+73.0%) | $1,145 – $1,421 | 8 |
| 1BR | $1,285 | +$90 (+7.5%) | +$535 (+71.3%) | $1,285 – $1,285 | 1 |
| 2BR | $1,350 | −$12 (-0.9%) | +$50 (+3.8%) | $1,350 – $1,350 | 1 |
| 2BR | $1,195 | −$167 (-12.3%) | −$105 (-8.1%) | $1,195 – $1,195 | 2 |
| 3BR | $1,800 | +$450 (+33.3%) | +$205 (+12.9%) | $1,750 – $1,850 | 4 |
| 3BR | $1,700 | +$350 (+25.9%) | +$105 (+6.6%) | $1,700 – $1,700 | 1 |
| 4BR | $1,800 | $0 (0.0%) | −$1,500 (-45.5%) | $1,800 – $1,800 | 1 |
| 4BR | $3,095 | +$1,295 (+71.9%) | −$205 (-6.2%) | $2,000 – $3,095 | 5 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Back of the Yards vs. Chicago — July 2024
| Bedrooms | Back of the Yards Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $995 | $1,218 | −$223 (-18.3%) |
| Studio | $995 | $1,218 | −$223 (-18.3%) |
| 1BR | $1,298 | $1,560 | −$262 (-16.8%) |
| 1BR | $1,285 | $1,560 | −$275 (-17.6%) |
| 2BR | $1,350 | $1,805 | −$455 (-25.2%) |
| 2BR | $1,195 | $1,805 | −$610 (-33.8%) |
| 3BR | $1,800 | $2,363 | −$562 (-23.8%) |
| 3BR | $1,700 | $2,363 | −$662 (-28.0%) |
| 4BR | $1,800 | $2,789 | −$989 (-35.5%) |
| 4BR | $3,095 | $2,789 | +$306 (+11.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2024.