Monthly Rent Report
Garfield Park Rent Report — October 2023
Asking rents in ZIP 60624, Chicago, from 90 listings.
Median 1BR rent in Garfield Park was $1,198 in October 2023, up 19.5% (+$196) from September 2023 and up 36.1% year-over-year. The middle half of 1BR listings asked between $1,198 and $1,198. That puts Garfield Park $277 below the Chicago citywide 1BR median of $1,475. The month's figures are based on 90 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,000 | $0 (0.0%) | +$100 (+11.1%) | $850 – $1,200 | 14 |
| Studio | $1,100 | +$100 (+10.0%) | +$200 (+22.2%) | $1,000 – $1,200 | 10 |
| 1BR | $1,198 | +$196 (+19.5%) | +$318 (+36.1%) | $1,198 – $1,198 | 4 |
| 1BR | $850 | −$152 (-15.2%) | −$30 (-3.4%) | $850 – $850 | 1 |
| 2BR | $1,350 | +$300 (+28.6%) | +$150 (+12.5%) | $1,350 – $1,350 | 1 |
| 2BR | $1,550 | +$500 (+47.6%) | +$350 (+29.2%) | $1,500 – $1,600 | 17 |
| 3BR | $1,700 | $0 (0.0%) | +$250 (+17.2%) | $1,700 – $1,700 | 1 |
| 3BR | $1,500 | −$200 (-11.8%) | +$50 (+3.4%) | $1,500 – $1,500 | 5 |
| 4BR | $1,800 | −$100 (-5.3%) | −$374 (-17.2%) | $1,800 – $1,825 | 16 |
| 4BR | $1,650 | −$250 (-13.2%) | −$524 (-24.1%) | $1,650 – $1,650 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Garfield Park vs. Chicago — October 2023
| Bedrooms | Garfield Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,000 | $1,200 | −$200 (-16.7%) |
| Studio | $1,100 | $1,200 | −$100 (-8.3%) |
| 1BR | $1,198 | $1,475 | −$277 (-18.8%) |
| 1BR | $850 | $1,475 | −$625 (-42.4%) |
| 2BR | $1,350 | $1,800 | −$450 (-25.0%) |
| 2BR | $1,550 | $1,800 | −$250 (-13.9%) |
| 3BR | $1,700 | $2,450 | −$750 (-30.6%) |
| 3BR | $1,500 | $2,450 | −$950 (-38.8%) |
| 4BR | $1,800 | $2,575 | −$775 (-30.1%) |
| 4BR | $1,650 | $2,575 | −$925 (-35.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2023.