Monthly Rent Report
Belmont Cragin Rent Report — May 2024
Asking rents in ZIP 60639, Chicago, from 288 listings.
Median 1BR rent in Belmont Cragin was $1,288 in May 2024, down 23.1% (−$387) from April 2024 and up 7.3% year-over-year. The middle half of 1BR listings asked between $1,150 and $1,431. That puts Belmont Cragin $215 below the Chicago citywide 1BR median of $1,503. The month's figures are based on 288 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $980 | +$130 (+15.3%) | +$80 (+8.9%) | $900 – $1,300 | 22 |
| Studio | $850 | $0 (0.0%) | −$50 (-5.6%) | $850 – $850 | 1 |
| 1BR | $1,288 | −$387 (-23.1%) | +$88 (+7.3%) | $1,150 – $1,431 | 52 |
| 1BR | $1,250 | −$425 (-25.4%) | +$50 (+4.2%) | $1,250 – $1,250 | 1 |
| 2BR | $1,600 | +$100 (+6.7%) | +$188 (+13.3%) | $1,400 – $1,750 | 122 |
| 2BR | $1,400 | −$100 (-6.7%) | −$12 (-0.9%) | $1,400 – $1,400 | 1 |
| 3BR | $1,295 | −$255 (-16.5%) | −$305 (-19.1%) | $1,295 – $1,295 | 1 |
| 3BR | $2,350 | +$800 (+51.6%) | +$750 (+46.9%) | $1,813 – $2,588 | 50 |
| 4BR | $2,600 | +$605 (+30.3%) | +$750 (+40.5%) | $2,199 – $3,600 | 22 |
| 4BR | $2,600 | +$605 (+30.3%) | +$750 (+40.5%) | $2,495 – $2,700 | 9 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Belmont Cragin vs. Chicago — May 2024
| Bedrooms | Belmont Cragin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $980 | $1,196 | −$216 (-18.1%) |
| Studio | $850 | $1,196 | −$346 (-28.9%) |
| 1BR | $1,288 | $1,503 | −$215 (-14.3%) |
| 1BR | $1,250 | $1,503 | −$252 (-16.8%) |
| 2BR | $1,600 | $1,825 | −$225 (-12.3%) |
| 2BR | $1,400 | $1,825 | −$425 (-23.3%) |
| 3BR | $1,295 | $2,236 | −$941 (-42.1%) |
| 3BR | $2,350 | $2,236 | +$114 (+5.1%) |
| 4BR | $2,600 | $2,725 | −$125 (-4.6%) |
| 4BR | $2,600 | $2,725 | −$125 (-4.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.