Monthly Rent Report
Garfield Park Rent Report — May 2024
Asking rents in ZIP 60624, Chicago, from 152 listings.
Median 1BR rent in Garfield Park was $1,800 in May 2024, up 64.4% (+$705) from April 2024 and up 100.0% year-over-year. The middle half of 1BR listings asked between $1,800 and $1,800. That puts Garfield Park $298 above the Chicago citywide 1BR median of $1,503. The month's figures are based on 152 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $760 | −$85 (-10.1%) | −$40 (-5.0%) | $740 – $780 | 2 |
| Studio | $800 | −$45 (-5.3%) | $0 (0.0%) | $780 – $1,000 | 11 |
| 1BR | $1,800 | +$705 (+64.4%) | +$900 (+100.0%) | $1,800 – $1,800 | 1 |
| 1BR | $1,175 | +$80 (+7.3%) | +$275 (+30.6%) | $985 – $1,200 | 14 |
| 2BR | $1,338 | −$162 (-10.8%) | +$113 (+9.2%) | $1,294 – $1,375 | 4 |
| 2BR | $1,500 | $0 (0.0%) | +$275 (+22.4%) | $1,250 – $1,600 | 66 |
| 3BR | $1,500 | −$150 (-9.1%) | −$100 (-6.3%) | $1,500 – $1,500 | 5 |
| 3BR | $1,540 | −$110 (-6.7%) | −$60 (-3.8%) | $1,540 – $1,540 | 1 |
| 4BR | $2,100 | +$200 (+10.5%) | +$600 (+40.0%) | $1,750 – $2,200 | 30 |
| 4BR | $2,150 | +$250 (+13.2%) | +$650 (+43.3%) | $1,875 – $2,275 | 6 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Garfield Park vs. Chicago — May 2024
| Bedrooms | Garfield Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $760 | $1,196 | −$436 (-36.5%) |
| Studio | $800 | $1,196 | −$396 (-33.1%) |
| 1BR | $1,800 | $1,503 | +$298 (+19.8%) |
| 1BR | $1,175 | $1,503 | −$327 (-21.8%) |
| 2BR | $1,338 | $1,825 | −$487 (-26.7%) |
| 2BR | $1,500 | $1,825 | −$325 (-17.8%) |
| 3BR | $1,500 | $2,236 | −$736 (-32.9%) |
| 3BR | $1,540 | $2,236 | −$696 (-31.1%) |
| 4BR | $2,100 | $2,725 | −$625 (-22.9%) |
| 4BR | $2,150 | $2,725 | −$575 (-21.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.