Monthly Rent Report
Garfield Park Rent Report — December 2023
Asking rents in ZIP 60624, Chicago, from 81 listings.
Median 1BR rent in Garfield Park was $1,078 in December 2023, up 1.2% (+$13) from November 2023 and up 10.5% year-over-year. The middle half of 1BR listings asked between $939 and $1,174. That puts Garfield Park $378 below the Chicago citywide 1BR median of $1,455. The month's figures are based on 81 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $800 | +$30 (+3.9%) | +$35 (+4.6%) | $800 – $800 | 4 |
| Studio | $800 | +$30 (+3.9%) | +$35 (+4.6%) | $800 – $800 | 1 |
| 1BR | $1,078 | +$13 (+1.2%) | +$103 (+10.5%) | $939 – $1,174 | 6 |
| 1BR | $973 | −$92 (-8.7%) | −$2 (-0.3%) | $900 – $1,066 | 16 |
| 2BR | $1,100 | −$250 (-18.5%) | −$100 (-8.3%) | $975 – $1,273 | 22 |
| 2BR | $1,500 | +$150 (+11.1%) | +$300 (+25.0%) | $1,500 – $1,500 | 1 |
| 3BR | $1,750 | +$200 (+12.9%) | +$200 (+12.9%) | $1,750 – $1,750 | 1 |
| 3BR | $1,679 | +$129 (+8.3%) | +$129 (+8.3%) | $1,647 – $1,793 | 4 |
| 4BR | $1,490 | −$360 (-19.5%) | −$147 (-9.0%) | $1,375 – $1,700 | 16 |
| 4BR | $2,125 | +$275 (+14.9%) | +$488 (+29.8%) | $1,988 – $2,263 | 2 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Garfield Park vs. Chicago — December 2023
| Bedrooms | Garfield Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $800 | $1,218 | −$417 (-34.3%) |
| Studio | $800 | $1,218 | −$417 (-34.3%) |
| 1BR | $1,078 | $1,455 | −$377 (-25.9%) |
| 1BR | $973 | $1,455 | −$482 (-33.2%) |
| 2BR | $1,100 | $1,800 | −$700 (-38.9%) |
| 2BR | $1,500 | $1,800 | −$300 (-16.7%) |
| 3BR | $1,750 | $2,472 | −$722 (-29.2%) |
| 3BR | $1,679 | $2,472 | −$793 (-32.1%) |
| 4BR | $1,490 | $2,630 | −$1,140 (-43.3%) |
| 4BR | $2,125 | $2,630 | −$505 (-19.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2023.