Monthly Rent Report
Garfield Park Rent Report — January 2024
Asking rents in ZIP 60624, Chicago, from 160 listings.
Median 1BR rent in Garfield Park was $865 in January 2024, down 19.7% (−$212) from December 2023 and down 21.4% year-over-year. The middle half of 1BR listings asked between $865 and $865. That puts Garfield Park $652 below the Chicago citywide 1BR median of $1,517. The month's figures are based on 160 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $900 | +$100 (+12.5%) | +$65 (+7.8%) | $900 – $900 | 1 |
| Studio | $900 | +$100 (+12.5%) | +$65 (+7.8%) | $900 – $900 | 1 |
| 1BR | $865 | −$212 (-19.7%) | −$235 (-21.4%) | $865 – $865 | 1 |
| 1BR | $883 | −$195 (-18.1%) | −$217 (-19.8%) | $874 – $891 | 2 |
| 2BR | $1,345 | +$245 (+22.3%) | +$205 (+18.0%) | $1,120 – $1,600 | 39 |
| 2BR | $1,275 | +$175 (+15.9%) | +$135 (+11.8%) | $1,275 – $1,350 | 5 |
| 3BR | $1,475 | −$204 (-12.2%) | −$125 (-7.8%) | $1,375 – $1,600 | 71 |
| 3BR | $1,600 | −$79 (-4.7%) | $0 (0.0%) | $1,600 – $1,600 | 1 |
| 4BR | $1,375 | −$115 (-7.7%) | −$125 (-8.3%) | $1,300 – $2,000 | 27 |
| 4BR | $1,375 | −$115 (-7.7%) | −$125 (-8.3%) | $1,300 – $2,800 | 9 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Garfield Park vs. Chicago — January 2024
| Bedrooms | Garfield Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $900 | $1,225 | −$325 (-26.5%) |
| Studio | $900 | $1,225 | −$325 (-26.5%) |
| 1BR | $865 | $1,517 | −$652 (-43.0%) |
| 1BR | $883 | $1,517 | −$634 (-41.8%) |
| 2BR | $1,345 | $1,800 | −$455 (-25.3%) |
| 2BR | $1,275 | $1,800 | −$525 (-29.2%) |
| 3BR | $1,475 | $2,300 | −$825 (-35.9%) |
| 3BR | $1,600 | $2,300 | −$700 (-30.4%) |
| 4BR | $1,375 | $2,792 | −$1,416 (-50.7%) |
| 4BR | $1,375 | $2,792 | −$1,416 (-50.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2024.