Monthly Rent Report
Irving Park Rent Report — May 2024
Asking rents in ZIP 60641, Chicago, from 1,023 listings.
Median 1BR rent in Irving Park was $2,407 in May 2024, up 55.5% (+$860) from April 2024 and up 118.8% year-over-year. The middle half of 1BR listings asked between $1,350 and $2,740. That puts Irving Park $905 above the Chicago citywide 1BR median of $1,503. The month's figures are based on 1,023 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,060 | −$90 (-7.8%) | +$10 (+1.0%) | $1,060 – $1,060 | 1 |
| Studio | $1,200 | +$50 (+4.3%) | +$150 (+14.3%) | $1,050 – $2,004 | 64 |
| 1BR | $2,407 | +$860 (+55.5%) | +$1,307 (+118.8%) | $1,350 – $2,740 | 411 |
| 1BR | $1,573 | +$25 (+1.6%) | +$473 (+43.0%) | $1,511 – $1,634 | 2 |
| 2BR | $1,850 | +$200 (+12.1%) | +$250 (+15.6%) | $1,625 – $2,025 | 3 |
| 2BR | $2,650 | +$1,000 (+60.6%) | +$1,050 (+65.6%) | $1,700 – $3,600 | 427 |
| 3BR | $2,000 | −$300 (-13.0%) | +$200 (+11.1%) | $2,000 – $2,000 | 1 |
| 3BR | $2,195 | −$105 (-4.6%) | +$395 (+21.9%) | $2,000 – $2,500 | 61 |
| 4BR | $2,433 | $0 (0.0%) | −$4,392 (-64.4%) | $2,433 – $2,433 | 25 |
| 4BR | $4,500 | +$2,067 (+85.0%) | −$2,325 (-34.1%) | $4,500 – $4,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Irving Park vs. Chicago — May 2024
| Bedrooms | Irving Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,060 | $1,196 | −$136 (-11.4%) |
| Studio | $1,200 | $1,196 | +$4 (+0.3%) |
| 1BR | $2,407 | $1,503 | +$905 (+60.2%) |
| 1BR | $1,573 | $1,503 | +$70 (+4.7%) |
| 2BR | $1,850 | $1,825 | +$25 (+1.4%) |
| 2BR | $2,650 | $1,825 | +$825 (+45.2%) |
| 3BR | $2,000 | $2,236 | −$236 (-10.6%) |
| 3BR | $2,195 | $2,236 | −$41 (-1.8%) |
| 4BR | $2,433 | $2,725 | −$292 (-10.7%) |
| 4BR | $4,500 | $2,725 | +$1,775 (+65.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.