Monthly Rent Report
Garfield Park Rent Report — March 2024
Asking rents in ZIP 60624, Chicago, from 173 listings.
Median 1BR rent in Garfield Park was $1,585 in March 2024, up 56.9% (+$575) from February 2024 and up 110.9% year-over-year. The middle half of 1BR listings asked between $1,585 and $1,585. That puts Garfield Park $81 above the Chicago citywide 1BR median of $1,505. The month's figures are based on 173 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $950 | +$150 (+18.8%) | +$85 (+9.8%) | $794 – $1,274 | 8 |
| Studio | $950 | +$150 (+18.8%) | +$85 (+9.8%) | $900 – $1,150 | 6 |
| 1BR | $1,585 | +$575 (+56.9%) | +$834 (+110.9%) | $1,585 – $1,585 | 5 |
| 1BR | $1,100 | +$90 (+8.9%) | +$349 (+46.4%) | $1,100 – $1,100 | 1 |
| 2BR | $1,300 | $0 (0.0%) | +$100 (+8.3%) | $1,163 – $1,700 | 47 |
| 2BR | $1,275 | −$25 (-1.9%) | +$75 (+6.3%) | $1,238 – $1,313 | 2 |
| 3BR | $1,590 | +$90 (+6.0%) | +$90 (+6.0%) | $1,475 – $1,784 | 54 |
| 3BR | $1,550 | +$50 (+3.3%) | +$50 (+3.3%) | $1,550 – $1,565 | 3 |
| 4BR | $1,679 | −$171 (-9.2%) | +$129 (+8.3%) | $1,679 – $2,050 | 11 |
| 4BR | $1,800 | −$50 (-2.7%) | +$250 (+16.1%) | $1,679 – $1,900 | 21 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Garfield Park vs. Chicago — March 2024
| Bedrooms | Garfield Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $950 | $1,225 | −$275 (-22.4%) |
| Studio | $950 | $1,225 | −$275 (-22.4%) |
| 1BR | $1,585 | $1,505 | +$81 (+5.4%) |
| 1BR | $1,100 | $1,505 | −$404 (-26.9%) |
| 2BR | $1,300 | $1,900 | −$600 (-31.6%) |
| 2BR | $1,275 | $1,900 | −$625 (-32.9%) |
| 3BR | $1,590 | $2,250 | −$660 (-29.3%) |
| 3BR | $1,550 | $2,250 | −$700 (-31.1%) |
| 4BR | $1,679 | $2,650 | −$971 (-36.6%) |
| 4BR | $1,800 | $2,650 | −$850 (-32.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2024.