Monthly Rent Report
Chatham Rent Report — February 2024
Asking rents in ZIP 60619, Chicago, from 592 listings.
Median 1BR rent in Chatham was $890 in February 2024, down 10.6% (−$105) from January 2024 and down 6.3% year-over-year. The middle half of 1BR listings asked between $850 and $1,050. That puts Chatham $610 below the Chicago citywide 1BR median of $1,500. The month's figures are based on 592 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $775 | −$225 (-22.5%) | −$20 (-2.5%) | $775 – $775 | 1 |
| Studio | $700 | −$300 (-30.0%) | −$95 (-11.9%) | $680 – $765 | 21 |
| 1BR | $890 | −$105 (-10.6%) | −$60 (-6.3%) | $850 – $1,050 | 169 |
| 1BR | $1,410 | +$415 (+41.7%) | +$460 (+48.4%) | $1,410 – $1,410 | 1 |
| 2BR | $1,300 | $0 (0.0%) | +$140 (+12.1%) | $1,100 – $1,420 | 236 |
| 2BR | $1,075 | −$225 (-17.3%) | −$85 (-7.3%) | $1,075 – $1,075 | 1 |
| 3BR | $1,350 | −$150 (-10.0%) | −$50 (-3.6%) | $1,350 – $1,350 | 1 |
| 3BR | $1,525 | +$25 (+1.7%) | +$125 (+8.9%) | $1,390 – $1,800 | 115 |
| 4BR | $1,850 | −$525 (-22.1%) | +$550 (+42.3%) | $1,625 – $1,900 | 37 |
| 4BR | $1,400 | −$975 (-41.1%) | +$100 (+7.7%) | $1,400 – $1,400 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Chatham vs. Chicago — February 2024
| Bedrooms | Chatham Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $775 | $1,211 | −$436 (-36.0%) |
| Studio | $700 | $1,211 | −$511 (-42.2%) |
| 1BR | $890 | $1,500 | −$610 (-40.7%) |
| 1BR | $1,410 | $1,500 | −$90 (-6.0%) |
| 2BR | $1,300 | $1,813 | −$512 (-28.3%) |
| 2BR | $1,075 | $1,813 | −$737 (-40.7%) |
| 3BR | $1,350 | $2,300 | −$950 (-41.3%) |
| 3BR | $1,525 | $2,300 | −$775 (-33.7%) |
| 4BR | $1,850 | $2,792 | −$941 (-33.7%) |
| 4BR | $1,400 | $2,792 | −$1,391 (-49.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2024.