Monthly Rent Report
Garfield Park Rent Report — April 2023
Asking rents in ZIP 60624, Chicago, from 261 listings.
Median 1BR rent in Garfield Park was $1,175 in April 2023, up 56.4% (+$424) from March 2023 and up 38.2% year-over-year. The middle half of 1BR listings asked between $925 and $1,250. That puts Garfield Park $250 below the Chicago citywide 1BR median of $1,425. The month's figures are based on 261 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $800 | −$65 (-7.5%) | — | $800 – $800 | 1 |
| Studio | $815 | −$50 (-5.8%) | — | $800 – $1,140 | 8 |
| 1BR | $1,175 | +$424 (+56.4%) | +$325 (+38.2%) | $925 – $1,250 | 14 |
| 1BR | $1,075 | +$324 (+43.0%) | +$225 (+26.5%) | $900 – $1,250 | 12 |
| 2BR | $1,250 | +$16 (+1.3%) | +$100 (+8.7%) | $1,250 – $1,250 | 1 |
| 2BR | $1,280 | +$46 (+3.7%) | +$130 (+11.3%) | $1,175 – $1,430 | 67 |
| 3BR | $1,435 | +$113 (+8.5%) | −$2 (-0.2%) | $1,435 – $1,435 | 1 |
| 3BR | $1,500 | +$178 (+13.4%) | +$63 (+4.3%) | $1,400 – $1,600 | 114 |
| 4BR | $1,850 | +$300 (+19.4%) | +$300 (+19.4%) | $1,850 – $1,850 | 1 |
| 4BR | $1,550 | $0 (0.0%) | $0 (0.0%) | $1,500 – $1,675 | 23 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Garfield Park vs. Chicago — April 2023
| Bedrooms | Garfield Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $800 | $1,195 | −$395 (-33.1%) |
| Studio | $815 | $1,195 | −$380 (-31.8%) |
| 1BR | $1,175 | $1,425 | −$250 (-17.5%) |
| 1BR | $1,075 | $1,425 | −$350 (-24.6%) |
| 2BR | $1,250 | $1,725 | −$475 (-27.5%) |
| 2BR | $1,280 | $1,725 | −$445 (-25.8%) |
| 3BR | $1,435 | $2,300 | −$865 (-37.6%) |
| 3BR | $1,500 | $2,300 | −$800 (-34.8%) |
| 4BR | $1,850 | $2,597 | −$747 (-28.8%) |
| 4BR | $1,550 | $2,597 | −$1,047 (-40.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2023.