Monthly Rent Report
Chatham Rent Report — May 2024
Asking rents in ZIP 60619, Chicago, from 456 listings.
Median 1BR rent in Chatham was $905 in May 2024, down 9.0% (−$90) from April 2024 and down 4.7% year-over-year. The middle half of 1BR listings asked between $850 and $1,010. That puts Chatham $598 below the Chicago citywide 1BR median of $1,503. The month's figures are based on 456 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $775 | −$10 (-1.3%) | −$225 (-22.5%) | $760 – $795 | 31 |
| Studio | $775 | −$10 (-1.3%) | −$225 (-22.5%) | $760 – $795 | 31 |
| 1BR | $905 | −$90 (-9.0%) | −$45 (-4.7%) | $850 – $1,010 | 177 |
| 1BR | $1,100 | +$105 (+10.6%) | +$150 (+15.8%) | $1,100 – $1,100 | 1 |
| 2BR | $1,300 | $0 (0.0%) | −$75 (-5.5%) | $1,300 – $1,350 | 3 |
| 2BR | $870 | −$430 (-33.1%) | −$505 (-36.7%) | $870 – $1,300 | 5 |
| 3BR | $1,560 | +$60 (+4.0%) | −$740 (-32.2%) | $1,500 – $1,750 | 165 |
| 3BR | $1,350 | −$150 (-10.0%) | −$950 (-41.3%) | $1,350 – $1,350 | 2 |
| 4BR | $2,000 | −$450 (-18.4%) | +$150 (+8.1%) | $2,000 – $2,000 | 1 |
| 4BR | $2,000 | −$450 (-18.4%) | +$150 (+8.1%) | $1,654 – $2,000 | 26 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Chatham vs. Chicago — May 2024
| Bedrooms | Chatham Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $775 | $1,196 | −$421 (-35.2%) |
| Studio | $775 | $1,196 | −$421 (-35.2%) |
| 1BR | $905 | $1,503 | −$597 (-39.8%) |
| 1BR | $1,100 | $1,503 | −$402 (-26.8%) |
| 2BR | $1,300 | $1,825 | −$525 (-28.8%) |
| 2BR | $870 | $1,825 | −$955 (-52.3%) |
| 3BR | $1,560 | $2,236 | −$676 (-30.2%) |
| 3BR | $1,350 | $2,236 | −$886 (-39.6%) |
| 4BR | $2,000 | $2,725 | −$725 (-26.6%) |
| 4BR | $2,000 | $2,725 | −$725 (-26.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.