Monthly Rent Report
Edgewater Rent Report — January 2024
Asking rents in ZIP 60660, Chicago, from 227 listings.
Median 1BR rent in Edgewater was $1,495 in January 2024, up 13.9% (+$183) from December 2023 and up 8.7% year-over-year. The middle half of 1BR listings asked between $1,375 and $1,800. That puts Edgewater in line with the Chicago citywide 1BR median of $1,517. The month's figures are based on 227 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,095 | −$180 (-14.1%) | +$245 (+28.8%) | $1,025 – $1,303 | 28 |
| Studio | $1,275 | $0 (0.0%) | +$425 (+50.0%) | $1,275 – $1,275 | 2 |
| 1BR | $1,495 | +$183 (+13.9%) | +$120 (+8.7%) | $1,375 – $1,800 | 91 |
| 1BR | $1,688 | +$375 (+28.6%) | +$313 (+22.7%) | $1,600 – $1,756 | 4 |
| 2BR | $1,993 | +$108 (+5.7%) | −$107 (-5.1%) | $1,993 – $1,993 | 1 |
| 2BR | $2,300 | +$415 (+22.0%) | +$200 (+9.5%) | $1,850 – $2,533 | 58 |
| 3BR | $2,500 | −$125 (-4.8%) | $0 (0.0%) | $2,300 – $2,525 | 27 |
| 3BR | $3,200 | +$575 (+21.9%) | +$700 (+28.0%) | $3,200 – $3,200 | 1 |
| 4BR | $3,400 | +$705 (+26.2%) | $0 (0.0%) | $3,400 – $3,400 | 3 |
| 4BR | $3,500 | +$805 (+29.9%) | +$100 (+2.9%) | $3,400 – $3,650 | 9 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Edgewater vs. Chicago — January 2024
| Bedrooms | Edgewater Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,095 | $1,225 | −$130 (-10.6%) |
| Studio | $1,275 | $1,225 | +$50 (+4.1%) |
| 1BR | $1,495 | $1,517 | −$22 (-1.5%) |
| 1BR | $1,688 | $1,517 | +$171 (+11.2%) |
| 2BR | $1,993 | $1,800 | +$193 (+10.7%) |
| 2BR | $2,300 | $1,800 | +$500 (+27.8%) |
| 3BR | $2,500 | $2,300 | +$200 (+8.7%) |
| 3BR | $3,200 | $2,300 | +$900 (+39.1%) |
| 4BR | $3,400 | $2,792 | +$609 (+21.8%) |
| 4BR | $3,500 | $2,792 | +$709 (+25.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2024.