Monthly Rent Report
Garfield Park Rent Report — September 2023
Asking rents in ZIP 60624, Chicago, from 28 listings.
Median 1BR rent in Garfield Park was $1,003 in September 2023, down 8.9% (−$97) from August 2023 and up 5.5% year-over-year. The middle half of 1BR listings asked between $981 and $1,024. That puts Garfield Park $448 below the Chicago citywide 1BR median of $1,450. The month's figures are based on 28 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,000 | $0 (0.0%) | +$245 (+32.5%) | $843 – $1,100 | 3 |
| 1BR | $1,003 | −$97 (-8.9%) | +$53 (+5.5%) | $981 – $1,024 | 2 |
| 2BR | $1,050 | −$100 (-8.7%) | −$50 (-4.5%) | $1,050 – $1,050 | 1 |
| 2BR | $1,150 | $0 (0.0%) | +$50 (+4.5%) | $1,150 – $1,200 | 3 |
| 3BR | $1,700 | +$238 (+16.2%) | +$300 (+21.4%) | $1,700 – $1,700 | 12 |
| 3BR | $1,650 | +$188 (+12.8%) | +$250 (+17.9%) | $1,595 – $1,705 | 2 |
| 4BR | $1,850 | −$150 (-7.5%) | +$163 (+9.6%) | $1,825 – $1,875 | 2 |
| 4BR | $1,900 | −$100 (-5.0%) | +$213 (+12.6%) | $1,850 – $2,250 | 3 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Garfield Park vs. Chicago — September 2023
| Bedrooms | Garfield Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,000 | $1,238 | −$237 (-19.2%) |
| 1BR | $1,003 | $1,450 | −$447 (-30.9%) |
| 2BR | $1,050 | $1,738 | −$687 (-39.6%) |
| 2BR | $1,150 | $1,738 | −$587 (-33.8%) |
| 3BR | $1,700 | $2,327 | −$627 (-26.9%) |
| 3BR | $1,650 | $2,327 | −$677 (-29.1%) |
| 4BR | $1,850 | $2,783 | −$933 (-33.5%) |
| 4BR | $1,900 | $2,783 | −$883 (-31.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2023.