Monthly Rent Report
Back of the Yards Rent Report — August 2024
Asking rents in ZIP 60609, Chicago, from 14 listings.
Median 1BR rent in Back of the Yards was $1,100 in August 2024, down 15.2% (−$197) from July 2024 and down 7.9% year-over-year. The middle half of 1BR listings asked between $1,100 and $1,100. That puts Back of the Yards $438 below the Chicago citywide 1BR median of $1,538. The month's figures are based on 14 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $995 | $0 (0.0%) | +$295 (+42.1%) | $995 – $995 | 5 |
| 1BR | $1,100 | −$197 (-15.2%) | −$95 (-7.9%) | $1,100 – $1,100 | 2 |
| 2BR | $1,450 | +$255 (+21.3%) | +$115 (+8.6%) | $1,400 – $1,500 | 2 |
| 3BR | $1,250 | −$550 (-30.6%) | −$250 (-16.7%) | $1,250 – $1,250 | 1 |
| 4BR | $1,625 | −$1,470 (-47.5%) | −$575 (-26.1%) | $1,625 – $1,763 | 3 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Back of the Yards vs. Chicago — August 2024
| Bedrooms | Back of the Yards Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $995 | $1,190 | −$195 (-16.4%) |
| 1BR | $1,100 | $1,538 | −$438 (-28.5%) |
| 2BR | $1,450 | $1,823 | −$372 (-20.4%) |
| 3BR | $1,250 | $2,300 | −$1,050 (-45.7%) |
| 4BR | $1,625 | $2,995 | −$1,370 (-45.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2024.