Monthly Rent Report
Garfield Park Rent Report — April 2024
Asking rents in ZIP 60624, Chicago, from 247 listings.
Median 1BR rent in Garfield Park was $1,100 in April 2024, flat versus March 2024 and up 2.3% year-over-year. The middle half of 1BR listings asked between $1,100 and $1,100. That puts Garfield Park $400 below the Chicago citywide 1BR median of $1,500. The month's figures are based on 247 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,000 | +$50 (+5.3%) | +$185 (+22.7%) | $845 – $1,100 | 7 |
| Studio | $845 | −$105 (-11.1%) | +$30 (+3.7%) | $790 – $1,000 | 10 |
| 1BR | $1,100 | $0 (0.0%) | +$25 (+2.3%) | $1,100 – $1,100 | 10 |
| 1BR | $1,095 | −$5 (-0.5%) | +$20 (+1.9%) | $1,030 – $1,340 | 7 |
| 2BR | $1,500 | +$225 (+17.6%) | +$250 (+20.0%) | $1,378 – $1,600 | 72 |
| 2BR | $1,205 | −$70 (-5.5%) | −$45 (-3.6%) | $1,203 – $1,208 | 2 |
| 3BR | $1,250 | −$300 (-19.4%) | −$250 (-16.7%) | $1,250 – $1,250 | 1 |
| 3BR | $1,650 | +$100 (+6.5%) | +$150 (+10.0%) | $1,500 – $1,750 | 99 |
| 4BR | $1,800 | +$121 (+7.2%) | +$250 (+16.1%) | $1,500 – $2,100 | 24 |
| 4BR | $1,900 | +$221 (+13.2%) | +$350 (+22.6%) | $1,900 – $1,900 | 1 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Garfield Park vs. Chicago — April 2024
| Bedrooms | Garfield Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,000 | $1,222 | −$222 (-18.2%) |
| Studio | $845 | $1,222 | −$377 (-30.9%) |
| 1BR | $1,100 | $1,500 | −$400 (-26.7%) |
| 1BR | $1,095 | $1,500 | −$405 (-27.0%) |
| 2BR | $1,500 | $1,850 | −$350 (-18.9%) |
| 2BR | $1,205 | $1,850 | −$645 (-34.9%) |
| 3BR | $1,250 | $2,300 | −$1,050 (-45.7%) |
| 3BR | $1,650 | $2,300 | −$650 (-28.3%) |
| 4BR | $1,800 | $2,800 | −$1,000 (-35.7%) |
| 4BR | $1,900 | $2,800 | −$900 (-32.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2024.