Monthly Rent Report
Garfield Park Rent Report — March 2023
Asking rents in ZIP 60624, Chicago, from 335 listings.
Median 1BR rent in Garfield Park was $769 in March 2023, down 19.1% (−$181) from February 2023 and down 3.9% year-over-year. The middle half of 1BR listings asked between $734 and $920. That puts Garfield Park $627 below the Chicago citywide 1BR median of $1,396. The month's figures are based on 335 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $865 | −$15 (-1.7%) | +$85 (+10.9%) | $835 – $1,780 | 6 |
| Studio | $2,085 | +$1,205 (+136.9%) | +$1,305 (+167.3%) | $1,455 – $2,085 | 3 |
| 1BR | $769 | −$181 (-19.1%) | −$31 (-3.9%) | $734 – $920 | 27 |
| 1BR | $752 | −$198 (-20.9%) | −$48 (-6.1%) | $712 – $802 | 12 |
| 2BR | $1,200 | +$250 (+26.3%) | +$25 (+2.1%) | $1,200 – $1,200 | 1 |
| 2BR | $1,234 | +$284 (+29.9%) | +$59 (+5.0%) | $1,150 – $1,350 | 101 |
| 3BR | $1,500 | −$12 (-0.8%) | −$300 (-16.7%) | $1,350 – $1,600 | 90 |
| 3BR | $1,323 | −$190 (-12.6%) | −$477 (-26.5%) | $1,159 – $1,486 | 2 |
| 4BR | $1,550 | +$50 (+3.3%) | +$100 (+6.9%) | $1,500 – $1,956 | 48 |
| 4BR | $1,575 | +$75 (+5.0%) | +$125 (+8.6%) | $1,500 – $1,974 | 26 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Garfield Park vs. Chicago — March 2023
| Bedrooms | Garfield Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $865 | $1,204 | −$339 (-28.1%) |
| Studio | $2,085 | $1,204 | +$881 (+73.2%) |
| 1BR | $769 | $1,396 | −$627 (-44.9%) |
| 1BR | $752 | $1,396 | −$645 (-46.2%) |
| 2BR | $1,200 | $1,698 | −$497 (-29.3%) |
| 2BR | $1,234 | $1,698 | −$463 (-27.3%) |
| 3BR | $1,500 | $2,200 | −$700 (-31.8%) |
| 3BR | $1,323 | $2,200 | −$877 (-39.9%) |
| 4BR | $1,550 | $2,444 | −$894 (-36.6%) |
| 4BR | $1,575 | $2,444 | −$869 (-35.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2023.