Monthly Rent Report
Garfield Park Rent Report — February 2024
Asking rents in ZIP 60624, Chicago, from 271 listings.
Median 1BR rent in Garfield Park was $1,010 in February 2024, up 14.4% (+$128) from January 2024 and down 8.2% year-over-year. The middle half of 1BR listings asked between $919 and $1,044. That puts Garfield Park $490 below the Chicago citywide 1BR median of $1,500. The month's figures are based on 271 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $800 | −$100 (-11.1%) | −$100 (-11.1%) | $800 – $800 | 1 |
| Studio | $800 | −$100 (-11.1%) | −$100 (-11.1%) | $795 – $900 | 17 |
| 1BR | $1,010 | +$128 (+14.4%) | −$90 (-8.2%) | $919 – $1,044 | 10 |
| 1BR | $975 | +$93 (+10.5%) | −$125 (-11.4%) | $975 – $975 | 1 |
| 2BR | $1,300 | −$45 (-3.3%) | +$350 (+36.8%) | $1,100 – $1,550 | 89 |
| 2BR | $1,305 | −$40 (-3.0%) | +$355 (+37.3%) | $1,282 – $1,327 | 2 |
| 3BR | $1,500 | −$100 (-6.3%) | +$150 (+11.1%) | $1,400 – $1,650 | 103 |
| 3BR | $1,450 | −$150 (-9.4%) | +$100 (+7.4%) | $1,450 – $1,450 | 1 |
| 4BR | $1,850 | +$475 (+34.5%) | +$350 (+23.3%) | $1,481 – $2,000 | 10 |
| 4BR | $1,800 | +$425 (+30.9%) | +$300 (+20.0%) | $1,400 – $2,400 | 25 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Garfield Park vs. Chicago — February 2024
| Bedrooms | Garfield Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $800 | $1,211 | −$411 (-34.0%) |
| Studio | $800 | $1,211 | −$411 (-34.0%) |
| 1BR | $1,010 | $1,500 | −$490 (-32.7%) |
| 1BR | $975 | $1,500 | −$525 (-35.0%) |
| 2BR | $1,300 | $1,813 | −$512 (-28.3%) |
| 2BR | $1,305 | $1,813 | −$508 (-28.0%) |
| 3BR | $1,500 | $2,300 | −$800 (-34.8%) |
| 3BR | $1,450 | $2,300 | −$850 (-37.0%) |
| 4BR | $1,850 | $2,792 | −$941 (-33.7%) |
| 4BR | $1,800 | $2,792 | −$991 (-35.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2024.