Monthly Rent Report
Garfield Park Rent Report — October 2024
Asking rents in ZIP 60624, Chicago, from 37 listings.
Median 1BR rent in Garfield Park was $920 in October 2024, down 3.2% (−$30) from September 2024 and down 23.2% year-over-year. The middle half of 1BR listings asked between $920 and $920. That puts Garfield Park $517 below the Chicago citywide 1BR median of $1,437. The month's figures are based on 37 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $800 | −$100 (-11.1%) | −$300 (-27.3%) | $785 – $850 | 11 |
| 1BR | $920 | −$30 (-3.2%) | −$278 (-23.2%) | $920 – $920 | 1 |
| 2BR | $1,263 | −$416 (-24.8%) | −$87 (-6.5%) | $1,256 – $1,269 | 2 |
| 2BR | $1,350 | −$329 (-19.6%) | $0 (0.0%) | $1,350 – $1,350 | 1 |
| 3BR | $1,800 | +$200 (+12.5%) | +$100 (+5.9%) | $1,800 – $1,800 | 1 |
| 3BR | $1,400 | −$200 (-12.5%) | −$300 (-17.6%) | $1,400 – $1,825 | 3 |
| 4BR | $1,425 | −$175 (-10.9%) | −$375 (-20.8%) | $1,400 – $1,450 | 6 |
| 4BR | $1,425 | −$175 (-10.9%) | −$375 (-20.8%) | $1,400 – $1,450 | 6 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Garfield Park vs. Chicago — October 2024
| Bedrooms | Garfield Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $800 | $1,298 | −$497 (-38.3%) |
| 1BR | $920 | $1,437 | −$516 (-36.0%) |
| 2BR | $1,263 | $1,770 | −$507 (-28.7%) |
| 2BR | $1,350 | $1,770 | −$419 (-23.7%) |
| 3BR | $1,800 | $2,305 | −$505 (-21.9%) |
| 3BR | $1,400 | $2,305 | −$905 (-39.3%) |
| 4BR | $1,425 | $2,995 | −$1,570 (-52.4%) |
| 4BR | $1,425 | $2,995 | −$1,570 (-52.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2024.