Monthly Rent Report
Garfield Park Rent Report — August 2023
Asking rents in ZIP 60624, Chicago, from 34 listings.
Median 1BR rent in Garfield Park was $1,288 in August 2023, up 19.5% (+$210) from July 2023 and up 77.6% year-over-year. The middle half of 1BR listings asked between $1,231 and $1,344. That puts Garfield Park $233 below the Chicago citywide 1BR median of $1,520. The month's figures are based on 34 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $898 | −$202 (-18.4%) | +$118 (+15.1%) | $769 – $1,050 | 4 |
| Studio | $1,000 | −$100 (-9.1%) | +$220 (+28.2%) | $893 – $1,100 | 3 |
| 1BR | $1,288 | +$210 (+19.5%) | +$563 (+77.6%) | $1,231 – $1,344 | 2 |
| 1BR | $1,100 | +$23 (+2.1%) | +$375 (+51.7%) | $1,100 – $1,100 | 1 |
| 2BR | $1,150 | −$50 (-4.2%) | $0 (0.0%) | $1,150 – $1,150 | 1 |
| 2BR | $1,100 | −$100 (-8.3%) | −$50 (-4.3%) | $1,100 – $1,600 | 12 |
| 3BR | $1,760 | +$163 (+10.2%) | +$385 (+28.0%) | $1,760 – $1,760 | 1 |
| 3BR | $1,463 | −$135 (-8.5%) | +$88 (+6.4%) | $1,375 – $1,550 | 6 |
| 4BR | $2,000 | −$200 (-9.1%) | +$125 (+6.7%) | $2,000 – $2,000 | 3 |
| 4BR | $1,800 | −$400 (-18.2%) | −$75 (-4.0%) | $1,800 – $1,800 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Garfield Park vs. Chicago — August 2023
| Bedrooms | Garfield Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $898 | $1,250 | −$352 (-28.2%) |
| Studio | $1,000 | $1,250 | −$250 (-20.0%) |
| 1BR | $1,288 | $1,520 | −$232 (-15.3%) |
| 1BR | $1,100 | $1,520 | −$420 (-27.6%) |
| 2BR | $1,150 | $1,808 | −$657 (-36.4%) |
| 2BR | $1,100 | $1,808 | −$707 (-39.1%) |
| 3BR | $1,760 | $2,395 | −$635 (-26.5%) |
| 3BR | $1,463 | $2,395 | −$932 (-38.9%) |
| 4BR | $2,000 | $2,692 | −$692 (-25.7%) |
| 4BR | $1,800 | $2,692 | −$892 (-33.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.