Monthly Rent Report
Garfield Park Rent Report — November 2023
Asking rents in ZIP 60624, Chicago, from 100 listings.
Median 1BR rent in Garfield Park was $1,175 in November 2023, up 38.2% (+$325) from October 2023 and up 6.8% year-over-year. The middle half of 1BR listings asked between $1,175 and $1,175. That puts Garfield Park $329 below the Chicago citywide 1BR median of $1,504. The month's figures are based on 100 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $810 | −$290 (-26.4%) | −$87 (-9.7%) | $800 – $810 | 5 |
| Studio | $770 | −$330 (-30.0%) | −$127 (-14.2%) | $770 – $770 | 1 |
| 1BR | $1,175 | +$325 (+38.2%) | +$75 (+6.8%) | $1,175 – $1,175 | 1 |
| 1BR | $1,065 | +$215 (+25.3%) | −$35 (-3.2%) | $1,010 – $1,175 | 13 |
| 2BR | $1,300 | −$250 (-16.1%) | +$100 (+8.3%) | $1,300 – $1,300 | 1 |
| 2BR | $1,350 | −$200 (-12.9%) | +$150 (+12.5%) | $1,350 – $1,350 | 1 |
| 3BR | $1,550 | −$150 (-8.8%) | −$111 (-6.7%) | $1,496 – $1,550 | 22 |
| 3BR | $1,450 | −$250 (-14.7%) | −$211 (-12.7%) | $1,450 – $1,450 | 1 |
| 4BR | $1,580 | −$220 (-12.2%) | −$45 (-2.8%) | $1,580 – $1,580 | 1 |
| 4BR | $1,850 | +$50 (+2.8%) | +$225 (+13.8%) | $1,650 – $1,900 | 34 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Garfield Park vs. Chicago — November 2023
| Bedrooms | Garfield Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $810 | $1,160 | −$350 (-30.2%) |
| Studio | $770 | $1,160 | −$390 (-33.6%) |
| 1BR | $1,175 | $1,504 | −$328 (-21.8%) |
| 1BR | $1,065 | $1,504 | −$438 (-29.2%) |
| 2BR | $1,300 | $1,800 | −$500 (-27.8%) |
| 2BR | $1,350 | $1,800 | −$450 (-25.0%) |
| 3BR | $1,550 | $2,298 | −$747 (-32.5%) |
| 3BR | $1,450 | $2,298 | −$847 (-36.9%) |
| 4BR | $1,580 | $2,750 | −$1,170 (-42.5%) |
| 4BR | $1,850 | $2,750 | −$900 (-32.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2023.