Monthly Rent Report
Edgewater Rent Report — May 2024
Asking rents in ZIP 60660, Chicago, from 635 listings.
Median 1BR rent in Edgewater was $1,625 in May 2024, down 3.0% (−$50) from April 2024 and up 8.3% year-over-year. The middle half of 1BR listings asked between $1,368 and $1,895. That puts Edgewater $123 above the Chicago citywide 1BR median of $1,503. The month's figures are based on 635 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,375 | +$242 (+21.4%) | +$325 (+31.0%) | $1,261 – $1,414 | 4 |
| Studio | $1,131 | −$2 (-0.2%) | +$81 (+7.7%) | $1,035 – $1,350 | 185 |
| 1BR | $1,625 | −$50 (-3.0%) | +$125 (+8.3%) | $1,368 – $1,895 | 362 |
| 1BR | $1,523 | −$152 (-9.1%) | +$23 (+1.5%) | $1,384 – $1,663 | 4 |
| 2BR | $1,950 | −$250 (-11.4%) | −$150 (-7.1%) | $1,950 – $1,950 | 2 |
| 2BR | $2,200 | $0 (0.0%) | +$100 (+4.8%) | $2,200 – $2,200 | 4 |
| 3BR | $2,998 | −$2 (-0.1%) | +$1,673 (+126.2%) | $2,300 – $3,355 | 56 |
| 3BR | $3,850 | +$850 (+28.3%) | +$2,525 (+190.6%) | $3,850 – $3,850 | 1 |
| 4BR | $3,800 | $0 (0.0%) | −$200 (-5.0%) | $2,850 – $4,000 | 15 |
| 4BR | $3,325 | −$475 (-12.5%) | −$675 (-16.9%) | $3,088 – $3,563 | 2 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Edgewater vs. Chicago — May 2024
| Bedrooms | Edgewater Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,375 | $1,196 | +$179 (+15.0%) |
| Studio | $1,131 | $1,196 | −$65 (-5.4%) |
| 1BR | $1,625 | $1,503 | +$123 (+8.2%) |
| 1BR | $1,523 | $1,503 | +$20 (+1.3%) |
| 2BR | $1,950 | $1,825 | +$125 (+6.8%) |
| 2BR | $2,200 | $1,825 | +$375 (+20.5%) |
| 3BR | $2,998 | $2,236 | +$762 (+34.1%) |
| 3BR | $3,850 | $2,236 | +$1,614 (+72.2%) |
| 4BR | $3,800 | $2,725 | +$1,075 (+39.4%) |
| 4BR | $3,325 | $2,725 | +$600 (+22.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.