Monthly Rent Report
Garfield Park Rent Report — July 2023
Asking rents in ZIP 60624, Chicago, from 98 listings.
Median 1BR rent in Garfield Park was $1,078 in July 2023, down 11.1% (−$135) from June 2023 and down 0.2% year-over-year. The middle half of 1BR listings asked between $1,066 and $1,089. That puts Garfield Park $373 below the Chicago citywide 1BR median of $1,450. The month's figures are based on 98 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $875 | −$125 (-12.5%) | −$30 (-3.3%) | $728 – $1,050 | 4 |
| Studio | $1,100 | +$100 (+10.0%) | +$195 (+21.5%) | $1,000 – $1,200 | 8 |
| 1BR | $1,078 | −$135 (-11.1%) | −$2 (-0.2%) | $1,066 – $1,089 | 2 |
| 1BR | $950 | −$262 (-21.6%) | −$130 (-12.0%) | $950 – $950 | 1 |
| 2BR | $1,200 | −$30 (-2.4%) | −$100 (-7.7%) | $1,149 – $1,258 | 32 |
| 2BR | $1,300 | +$70 (+5.7%) | $0 (0.0%) | $1,300 – $1,300 | 1 |
| 3BR | $1,650 | −$45 (-2.7%) | +$350 (+26.9%) | $1,650 – $1,650 | 1 |
| 3BR | $1,598 | −$97 (-5.8%) | +$298 (+22.9%) | $1,390 – $1,671 | 32 |
| 4BR | $1,500 | +$25 (+1.7%) | −$30 (-2.0%) | $1,450 – $1,900 | 9 |
| 4BR | $2,200 | +$725 (+49.2%) | +$670 (+43.8%) | $2,200 – $2,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Garfield Park vs. Chicago — July 2023
| Bedrooms | Garfield Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $875 | $1,200 | −$325 (-27.1%) |
| Studio | $1,100 | $1,200 | −$100 (-8.3%) |
| 1BR | $1,078 | $1,450 | −$372 (-25.7%) |
| 1BR | $950 | $1,450 | −$500 (-34.5%) |
| 2BR | $1,200 | $1,795 | −$595 (-33.1%) |
| 2BR | $1,300 | $1,795 | −$495 (-27.6%) |
| 3BR | $1,650 | $2,273 | −$622 (-27.4%) |
| 3BR | $1,598 | $2,273 | −$675 (-29.7%) |
| 4BR | $1,500 | $2,709 | −$1,208 (-44.6%) |
| 4BR | $2,200 | $2,709 | −$508 (-18.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2023.