Monthly Rent Report
Garfield Park Rent Report — August 2024
Asking rents in ZIP 60624, Chicago, from 21 listings.
Median 1BR rent in Garfield Park was $1,000 in August 2024, up 11.1% (+$100) from July 2024 and down 22.3% year-over-year. The middle half of 1BR listings asked between $1,000 and $1,000. That puts Garfield Park $538 below the Chicago citywide 1BR median of $1,538. The month's figures are based on 21 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $830 | +$3 (+0.3%) | −$67 (-7.5%) | $795 – $865 | 2 |
| 1BR | $1,000 | +$100 (+11.1%) | −$287 (-22.3%) | $1,000 – $1,000 | 1 |
| 2BR | $1,350 | −$125 (-8.5%) | +$250 (+22.7%) | $1,325 – $1,400 | 3 |
| 3BR | $1,750 | +$50 (+2.9%) | +$288 (+19.7%) | $1,750 – $1,750 | 1 |
| 3BR | $1,600 | −$100 (-5.9%) | +$138 (+9.4%) | $1,600 – $1,600 | 5 |
| 4BR | $2,400 | +$700 (+41.2%) | +$600 (+33.3%) | $1,800 – $2,500 | 7 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Garfield Park vs. Chicago — August 2024
| Bedrooms | Garfield Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $830 | $1,190 | −$360 (-30.3%) |
| 1BR | $1,000 | $1,538 | −$538 (-35.0%) |
| 2BR | $1,350 | $1,823 | −$472 (-25.9%) |
| 3BR | $1,750 | $2,300 | −$550 (-23.9%) |
| 3BR | $1,600 | $2,300 | −$700 (-30.4%) |
| 4BR | $2,400 | $2,995 | −$595 (-19.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2024.