Monthly Rent Report
Garfield Park Rent Report — November 2024
Asking rents in ZIP 60624, Chicago, from 27 listings.
Median 1BR rent in Garfield Park was $950 in November 2024, up 3.3% (+$30) from October 2024 and down 19.1% year-over-year. The middle half of 1BR listings asked between $950 and $950. That puts Garfield Park $625 below the Chicago citywide 1BR median of $1,575. The month's figures are based on 27 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2024 | Vs. November 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $825 | +$25 (+3.1%) | +$15 (+1.9%) | $813 – $838 | 2 |
| 1BR | $950 | +$30 (+3.3%) | −$225 (-19.1%) | $950 – $950 | 1 |
| 2BR | $1,363 | +$13 (+0.9%) | +$63 (+4.8%) | $1,306 – $1,419 | 2 |
| 3BR | $1,675 | −$125 (-6.9%) | +$125 (+8.1%) | $1,675 – $1,675 | 1 |
| 3BR | $1,750 | −$50 (-2.8%) | +$200 (+12.9%) | $1,450 – $1,750 | 5 |
| 4BR | $1,950 | +$525 (+36.8%) | +$370 (+23.4%) | $1,950 – $2,200 | 11 |
| 4BR | $2,500 | +$1,075 (+75.4%) | +$920 (+58.2%) | $2,500 – $2,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in November 2024. Changes compare against the nearest prior month with data.
Garfield Park vs. Chicago — November 2024
| Bedrooms | Garfield Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $825 | $1,292 | −$467 (-36.1%) |
| 1BR | $950 | $1,575 | −$625 (-39.7%) |
| 2BR | $1,363 | $1,945 | −$582 (-29.9%) |
| 3BR | $1,675 | $2,200 | −$525 (-23.9%) |
| 3BR | $1,750 | $2,200 | −$450 (-20.5%) |
| 4BR | $1,950 | $2,990 | −$1,040 (-34.8%) |
| 4BR | $2,500 | $2,990 | −$490 (-16.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2024.