Monthly Rent Report
Chatham Rent Report — March 2024
Asking rents in ZIP 60619, Chicago, from 433 listings.
Median 1BR rent in Chatham was $925 in March 2024, down 34.4% (−$485) from February 2024 and up 24.2% year-over-year. The middle half of 1BR listings asked between $855 and $1,100. That puts Chatham $580 below the Chicago citywide 1BR median of $1,505. The month's figures are based on 433 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $700 | −$75 (-9.7%) | +$25 (+3.7%) | $675 – $775 | 13 |
| Studio | $650 | −$125 (-16.1%) | −$25 (-3.7%) | $650 – $650 | 1 |
| 1BR | $925 | −$485 (-34.4%) | +$180 (+24.2%) | $855 – $1,100 | 105 |
| 1BR | $973 | −$437 (-31.0%) | +$228 (+30.5%) | $961 – $984 | 2 |
| 2BR | $1,250 | −$50 (-3.8%) | +$23 (+1.8%) | $1,004 – $1,445 | 172 |
| 2BR | $1,100 | −$200 (-15.4%) | −$127 (-10.4%) | $1,100 – $1,125 | 3 |
| 3BR | $1,600 | +$75 (+4.9%) | +$150 (+10.3%) | $1,500 – $2,182 | 99 |
| 3BR | $1,450 | −$75 (-4.9%) | $0 (0.0%) | $1,450 – $1,450 | 1 |
| 4BR | $1,850 | +$450 (+32.1%) | +$200 (+12.1%) | $1,500 – $1,863 | 16 |
| 4BR | $2,075 | +$675 (+48.2%) | +$425 (+25.8%) | $1,813 – $2,338 | 2 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Chatham vs. Chicago — March 2024
| Bedrooms | Chatham Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $700 | $1,225 | −$525 (-42.9%) |
| Studio | $650 | $1,225 | −$575 (-46.9%) |
| 1BR | $925 | $1,505 | −$579 (-38.5%) |
| 1BR | $973 | $1,505 | −$532 (-35.4%) |
| 2BR | $1,250 | $1,900 | −$650 (-34.2%) |
| 2BR | $1,100 | $1,900 | −$800 (-42.1%) |
| 3BR | $1,600 | $2,250 | −$650 (-28.9%) |
| 3BR | $1,450 | $2,250 | −$800 (-35.6%) |
| 4BR | $1,850 | $2,650 | −$800 (-30.2%) |
| 4BR | $2,075 | $2,650 | −$575 (-21.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2024.