Monthly Rent Report
Garfield Park Rent Report — June 2023
Asking rents in ZIP 60624, Chicago, from 147 listings.
Median 1BR rent in Garfield Park was $1,213 in June 2023, up 15.5% (+$163) from May 2023 and up 21.3% year-over-year. The middle half of 1BR listings asked between $1,145 and $1,325. That puts Garfield Park $188 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 147 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,000 | +$200 (+25.0%) | +$110 (+12.4%) | $893 – $1,200 | 7 |
| Studio | $760 | −$40 (-5.0%) | −$130 (-14.6%) | $760 – $760 | 1 |
| 1BR | $1,213 | +$163 (+15.5%) | +$213 (+21.3%) | $1,145 – $1,325 | 4 |
| 1BR | $1,250 | +$200 (+19.0%) | +$250 (+25.0%) | $1,213 – $1,400 | 3 |
| 2BR | $1,230 | +$5 (+0.4%) | +$100 (+8.8%) | $1,230 – $1,258 | 3 |
| 2BR | $1,200 | −$25 (-2.0%) | +$70 (+6.2%) | $1,150 – $1,350 | 57 |
| 3BR | $1,500 | −$100 (-6.3%) | −$50 (-3.2%) | $1,425 – $1,600 | 45 |
| 3BR | $1,695 | +$95 (+5.9%) | +$145 (+9.4%) | $1,695 – $1,695 | 1 |
| 4BR | $1,780 | $0 (0.0%) | −$420 (-19.1%) | $1,675 – $2,174 | 19 |
| 4BR | $1,475 | −$305 (-17.1%) | −$725 (-33.0%) | $1,475 – $1,475 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Garfield Park vs. Chicago — June 2023
| Bedrooms | Garfield Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,000 | $1,243 | −$242 (-19.5%) |
| Studio | $760 | $1,243 | −$482 (-38.8%) |
| 1BR | $1,213 | $1,400 | −$187 (-13.4%) |
| 1BR | $1,250 | $1,400 | −$150 (-10.7%) |
| 2BR | $1,230 | $1,700 | −$470 (-27.6%) |
| 2BR | $1,200 | $1,700 | −$500 (-29.4%) |
| 3BR | $1,500 | $2,275 | −$775 (-34.1%) |
| 3BR | $1,695 | $2,275 | −$580 (-25.5%) |
| 4BR | $1,780 | $2,500 | −$720 (-28.8%) |
| 4BR | $1,475 | $2,500 | −$1,025 (-41.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2023.