Monthly Rent Report
Garfield Park Rent Report — September 2024
Asking rents in ZIP 60624, Chicago, from 30 listings.
Median 1BR rent in Garfield Park was $950 in September 2024, down 5.0% (−$50) from August 2024 and down 5.2% year-over-year. The middle half of 1BR listings asked between $950 and $950. That puts Garfield Park $545 below the Chicago citywide 1BR median of $1,495. The month's figures are based on 30 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2024 | Vs. September 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $900 | +$70 (+8.4%) | −$100 (-10.0%) | $808 – $900 | 11 |
| 1BR | $950 | −$50 (-5.0%) | −$52 (-5.2%) | $950 – $950 | 1 |
| 2BR | $1,500 | +$150 (+11.1%) | +$450 (+42.9%) | $1,300 – $1,500 | 3 |
| 2BR | $1,679 | +$329 (+24.4%) | +$629 (+59.9%) | $1,679 – $1,679 | 1 |
| 3BR | $1,650 | +$50 (+3.1%) | $0 (0.0%) | $1,650 – $1,650 | 1 |
| 3BR | $1,600 | $0 (0.0%) | −$50 (-3.0%) | $1,525 – $1,675 | 2 |
| 4BR | $1,600 | −$800 (-33.3%) | −$250 (-13.5%) | $1,600 – $1,600 | 1 |
| 4BR | $2,175 | −$225 (-9.4%) | +$325 (+17.6%) | $1,800 – $2,550 | 4 |
Median, P25, and P75 are asking rents from listings posted in September 2024. Changes compare against the nearest prior month with data.
Garfield Park vs. Chicago — September 2024
| Bedrooms | Garfield Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $900 | $1,195 | −$295 (-24.7%) |
| 1BR | $950 | $1,495 | −$545 (-36.5%) |
| 2BR | $1,500 | $1,843 | −$342 (-18.6%) |
| 2BR | $1,679 | $1,843 | −$163 (-8.9%) |
| 3BR | $1,650 | $2,350 | −$700 (-29.8%) |
| 3BR | $1,600 | $2,350 | −$750 (-31.9%) |
| 4BR | $1,600 | $2,750 | −$1,150 (-41.8%) |
| 4BR | $2,175 | $2,750 | −$575 (-20.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2024.