Monthly Rent Report
Chatham Rent Report — August 2024
Asking rents in ZIP 60619, Chicago, from 28 listings.
Median 1BR rent in Chatham was $1,475 in August 2024, down 18.1% (−$325) from July 2024 and up 34.1% year-over-year. The middle half of 1BR listings asked between $1,163 and $1,581. That puts Chatham $63 below the Chicago citywide 1BR median of $1,538. The month's figures are based on 28 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $775 | +$15 (+2.0%) | +$60 (+8.4%) | $775 – $775 | 1 |
| 1BR | $1,475 | −$325 (-18.1%) | +$375 (+34.1%) | $1,163 – $1,581 | 3 |
| 1BR | $1,300 | −$500 (-27.8%) | +$200 (+18.2%) | $725 – $1,300 | 10 |
| 2BR | $1,285 | +$5 (+0.4%) | +$410 (+46.9%) | $1,190 – $1,380 | 2 |
| 2BR | $1,300 | +$20 (+1.6%) | +$425 (+48.6%) | $1,300 – $1,338 | 3 |
| 3BR | $1,675 | +$225 (+15.5%) | +$375 (+28.8%) | $1,663 – $1,688 | 2 |
| 3BR | $1,550 | +$100 (+6.9%) | +$250 (+19.2%) | $1,375 – $1,600 | 3 |
| 4BR | $1,818 | −$1,182 (-39.4%) | +$368 (+25.4%) | $1,818 – $1,818 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Chatham vs. Chicago — August 2024
| Bedrooms | Chatham Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $775 | $1,190 | −$415 (-34.9%) |
| 1BR | $1,475 | $1,538 | −$63 (-4.1%) |
| 1BR | $1,300 | $1,538 | −$238 (-15.5%) |
| 2BR | $1,285 | $1,823 | −$537 (-29.5%) |
| 2BR | $1,300 | $1,823 | −$522 (-28.7%) |
| 3BR | $1,675 | $2,300 | −$625 (-27.2%) |
| 3BR | $1,550 | $2,300 | −$750 (-32.6%) |
| 4BR | $1,818 | $2,995 | −$1,177 (-39.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2024.