Monthly Rent Report
Garfield Park Rent Report — July 2024
Asking rents in ZIP 60624, Chicago, from 56 listings.
Median 1BR rent in Garfield Park was $1,125 in July 2024, up 12.5% (+$125) from June 2024 and up 18.4% year-over-year. The middle half of 1BR listings asked between $1,075 and $1,275. That puts Garfield Park $435 below the Chicago citywide 1BR median of $1,560. The month's figures are based on 56 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $828 | +$28 (+3.4%) | −$272 (-24.8%) | $815 – $876 | 8 |
| Studio | $760 | −$40 (-5.0%) | −$340 (-30.9%) | $760 – $760 | 1 |
| 1BR | $1,125 | +$125 (+12.5%) | +$175 (+18.4%) | $1,075 – $1,275 | 8 |
| 1BR | $900 | −$100 (-10.0%) | −$50 (-5.3%) | $900 – $900 | 1 |
| 2BR | $1,300 | −$350 (-21.2%) | $0 (0.0%) | $1,300 – $1,300 | 1 |
| 2BR | $1,475 | −$175 (-10.6%) | +$175 (+13.5%) | $1,225 – $1,650 | 6 |
| 3BR | $1,700 | +$400 (+30.8%) | +$103 (+6.4%) | $1,570 – $1,800 | 15 |
| 3BR | $1,430 | +$130 (+10.0%) | −$167 (-10.5%) | $1,430 – $1,430 | 1 |
| 4BR | $1,700 | −$450 (-20.9%) | −$500 (-22.7%) | $1,700 – $1,700 | 3 |
| 4BR | $1,700 | −$450 (-20.9%) | −$500 (-22.7%) | $1,593 – $2,350 | 7 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Garfield Park vs. Chicago — July 2024
| Bedrooms | Garfield Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $828 | $1,218 | −$391 (-32.1%) |
| Studio | $760 | $1,218 | −$458 (-37.6%) |
| 1BR | $1,125 | $1,560 | −$435 (-27.9%) |
| 1BR | $900 | $1,560 | −$660 (-42.3%) |
| 2BR | $1,300 | $1,805 | −$505 (-28.0%) |
| 2BR | $1,475 | $1,805 | −$330 (-18.3%) |
| 3BR | $1,700 | $2,363 | −$662 (-28.0%) |
| 3BR | $1,430 | $2,363 | −$932 (-39.5%) |
| 4BR | $1,700 | $2,789 | −$1,089 (-39.0%) |
| 4BR | $1,700 | $2,789 | −$1,089 (-39.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2024.