Monthly Rent Report
Garfield Park Rent Report — June 2024
Asking rents in ZIP 60624, Chicago, from 91 listings.
Median 1BR rent in Garfield Park was $1,000 in June 2024, down 14.9% (−$175) from May 2024 and down 17.5% year-over-year. The middle half of 1BR listings asked between $1,000 and $1,000. That puts Garfield Park $499 below the Chicago citywide 1BR median of $1,499. The month's figures are based on 91 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $800 | $0 (0.0%) | −$200 (-20.0%) | $800 – $800 | 1 |
| Studio | $1,000 | +$200 (+25.0%) | $0 (0.0%) | $1,000 – $1,000 | 4 |
| 1BR | $1,000 | −$175 (-14.9%) | −$212 (-17.5%) | $1,000 – $1,000 | 1 |
| 1BR | $1,100 | −$75 (-6.4%) | −$112 (-9.3%) | $945 – $1,200 | 29 |
| 2BR | $1,650 | +$313 (+23.4%) | +$420 (+34.1%) | $1,650 – $1,650 | 1 |
| 2BR | $1,250 | −$87 (-6.5%) | +$20 (+1.6%) | $1,250 – $1,250 | 1 |
| 3BR | $1,300 | −$200 (-13.3%) | −$395 (-23.3%) | $1,300 – $1,300 | 4 |
| 3BR | $1,750 | +$250 (+16.7%) | +$55 (+3.2%) | $1,750 – $1,750 | 1 |
| 4BR | $2,150 | +$50 (+2.4%) | +$370 (+20.8%) | $1,788 – $2,200 | 36 |
| 4BR | $1,050 | −$1,050 (-50.0%) | −$730 (-41.0%) | $1,050 – $1,050 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
Garfield Park vs. Chicago — June 2024
| Bedrooms | Garfield Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $800 | $1,149 | −$349 (-30.4%) |
| Studio | $1,000 | $1,149 | −$149 (-13.0%) |
| 1BR | $1,000 | $1,499 | −$499 (-33.3%) |
| 1BR | $1,100 | $1,499 | −$399 (-26.6%) |
| 2BR | $1,650 | $1,899 | −$249 (-13.1%) |
| 2BR | $1,250 | $1,899 | −$649 (-34.2%) |
| 3BR | $1,300 | $2,395 | −$1,095 (-45.7%) |
| 3BR | $1,750 | $2,395 | −$645 (-26.9%) |
| 4BR | $2,150 | $2,698 | −$547 (-20.3%) |
| 4BR | $1,050 | $2,698 | −$1,647 (-61.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2024.