Monthly Rent Report
Hyde Park Rent Report — August 2024
Asking rents in ZIP 60615, Chicago, from 22 listings.
Median 1BR rent in Hyde Park was $1,250 in August 2024, down 21.6% (−$345) from July 2024 and down 12.9% year-over-year. The middle half of 1BR listings asked between $1,250 and $1,250. That puts Hyde Park $288 below the Chicago citywide 1BR median of $1,538. The month's figures are based on 22 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,128 | +$170 (+17.7%) | +$28 (+2.5%) | $1,088 – $1,164 | 6 |
| 1BR | $1,250 | −$345 (-21.6%) | −$185 (-12.9%) | $1,250 – $1,250 | 2 |
| 2BR | $1,925 | −$70 (-3.5%) | +$75 (+4.1%) | $1,688 – $2,163 | 2 |
| 2BR | $1,350 | −$645 (-32.3%) | −$500 (-27.0%) | $1,275 – $1,425 | 2 |
| 3BR | $1,975 | −$575 (-22.5%) | +$180 (+10.0%) | $1,750 – $2,200 | 6 |
| 3BR | $2,200 | −$350 (-13.7%) | +$405 (+22.6%) | $2,200 – $2,200 | 1 |
| 4BR | $1,995 | $0 (0.0%) | +$545 (+37.6%) | $1,995 – $1,995 | 1 |
| 4BR | $3,500 | +$1,505 (+75.4%) | +$2,050 (+141.4%) | $3,500 – $3,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Hyde Park vs. Chicago — August 2024
| Bedrooms | Hyde Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,128 | $1,190 | −$62 (-5.3%) |
| 1BR | $1,250 | $1,538 | −$288 (-18.7%) |
| 2BR | $1,925 | $1,823 | +$103 (+5.6%) |
| 2BR | $1,350 | $1,823 | −$472 (-25.9%) |
| 3BR | $1,975 | $2,300 | −$325 (-14.1%) |
| 3BR | $2,200 | $2,300 | −$100 (-4.3%) |
| 4BR | $1,995 | $2,995 | −$1,000 (-33.4%) |
| 4BR | $3,500 | $2,995 | +$505 (+16.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2024.