Monthly Rent Report
Back of the Yards Rent Report — November 2024
Asking rents in ZIP 60609, Chicago, from 31 listings.
Median 1BR rent in Back of the Yards was $1,600 in November 2024, up 60.0% (+$600) from October 2024 and up 23.6% year-over-year. The middle half of 1BR listings asked between $1,600 and $1,600. That puts Back of the Yards $25 above the Chicago citywide 1BR median of $1,575. The month's figures are based on 31 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2024 | Vs. November 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $895 | +$145 (+19.3%) | −$505 (-36.1%) | $895 – $895 | 2 |
| Studio | $895 | +$145 (+19.3%) | −$505 (-36.1%) | $895 – $895 | 2 |
| 1BR | $1,600 | +$600 (+60.0%) | +$305 (+23.6%) | $1,600 – $1,600 | 2 |
| 1BR | $1,600 | +$600 (+60.0%) | +$305 (+23.6%) | $1,600 – $1,600 | 2 |
| 2BR | $1,550 | +$150 (+10.7%) | +$300 (+24.0%) | $1,550 – $1,550 | 1 |
| 2BR | $1,290 | −$110 (-7.9%) | +$40 (+3.2%) | $1,285 – $1,295 | 2 |
| 3BR | $1,900 | +$300 (+18.8%) | +$300 (+18.8%) | $1,550 – $1,900 | 11 |
| 3BR | $1,900 | +$300 (+18.8%) | +$300 (+18.8%) | $1,900 – $1,900 | 3 |
| 4BR | $1,800 | −$400 (-18.2%) | $0 (0.0%) | $1,775 – $1,800 | 3 |
| 4BR | $1,800 | −$400 (-18.2%) | $0 (0.0%) | $1,775 – $1,800 | 3 |
Median, P25, and P75 are asking rents from listings posted in November 2024. Changes compare against the nearest prior month with data.
Back of the Yards vs. Chicago — November 2024
| Bedrooms | Back of the Yards Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $895 | $1,292 | −$397 (-30.7%) |
| Studio | $895 | $1,292 | −$397 (-30.7%) |
| 1BR | $1,600 | $1,575 | +$25 (+1.6%) |
| 1BR | $1,600 | $1,575 | +$25 (+1.6%) |
| 2BR | $1,550 | $1,945 | −$395 (-20.3%) |
| 2BR | $1,290 | $1,945 | −$655 (-33.7%) |
| 3BR | $1,900 | $2,200 | −$300 (-13.6%) |
| 3BR | $1,900 | $2,200 | −$300 (-13.6%) |
| 4BR | $1,800 | $2,990 | −$1,190 (-39.8%) |
| 4BR | $1,800 | $2,990 | −$1,190 (-39.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2024.