Monthly Rent Report
Edison Park Rent Report — August 2024
Asking rents in ZIP 60631, Chicago, from 16 listings.
Median 1BR rent in Edison Park was $1,700 in August 2024, down 46.0% (−$1,450) from July 2024 and up 6.3% year-over-year. The middle half of 1BR listings asked between $1,700 and $1,700. That puts Edison Park $162 above the Chicago citywide 1BR median of $1,538. The month's figures are based on 16 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $850 | −$350 (-29.2%) | — | $850 – $1,025 | 3 |
| 1BR | $1,700 | −$1,450 (-46.0%) | +$100 (+6.3%) | $1,700 – $1,700 | 1 |
| 1BR | $2,271 | −$879 (-27.9%) | +$671 (+41.9%) | $2,271 – $2,468 | 8 |
| 2BR | $1,950 | +$555 (+39.8%) | +$555 (+39.8%) | $1,950 – $1,950 | 1 |
| 3BR | $2,695 | +$595 (+28.3%) | +$300 (+12.5%) | $2,695 – $2,695 | 1 |
| 4BR | $3,200 | −$550 (-14.7%) | — | $3,050 – $3,350 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Edison Park vs. Chicago — August 2024
| Bedrooms | Edison Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $850 | $1,190 | −$340 (-28.6%) |
| 1BR | $1,700 | $1,538 | +$162 (+10.5%) |
| 1BR | $2,271 | $1,538 | +$733 (+47.7%) |
| 2BR | $1,950 | $1,823 | +$128 (+7.0%) |
| 3BR | $2,695 | $2,300 | +$395 (+17.2%) |
| 4BR | $3,200 | $2,995 | +$205 (+6.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2024.