Monthly Rent Report
Lakeview Rent Report — May 2024
Asking rents in ZIP 60657, Chicago, from 3,267 listings.
Median 1BR rent in Lakeview was $1,835 in May 2024, down 8.1% (−$162) from April 2024 and down 3.2% year-over-year. The middle half of 1BR listings asked between $1,513 and $2,240. That puts Lakeview $333 above the Chicago citywide 1BR median of $1,503. The month's figures are based on 3,267 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,475 | +$25 (+1.7%) | +$157 (+11.9%) | $1,317 – $1,646 | 670 |
| Studio | $1,500 | +$50 (+3.4%) | +$182 (+13.8%) | $1,363 – $1,598 | 7 |
| 1BR | $1,835 | −$162 (-8.1%) | −$60 (-3.2%) | $1,513 – $2,240 | 4 |
| 1BR | $2,050 | +$53 (+2.7%) | +$155 (+8.2%) | $1,750 – $2,308 | 1,049 |
| 2BR | $2,650 | −$50 (-1.9%) | +$400 (+17.8%) | $2,295 – $3,325 | 838 |
| 2BR | $2,798 | +$98 (+3.6%) | +$548 (+24.3%) | $2,500 – $3,224 | 8 |
| 3BR | $2,623 | −$625 (-19.2%) | −$977 (-27.2%) | $2,586 – $2,659 | 2 |
| 3BR | $3,600 | +$353 (+10.9%) | $0 (0.0%) | $2,999 – $4,200 | 456 |
| 4BR | $4,800 | −$100 (-2.0%) | $0 (0.0%) | $4,000 – $5,500 | 198 |
| 4BR | $3,850 | −$1,050 (-21.4%) | −$950 (-19.8%) | $3,695 – $4,800 | 5 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Lakeview vs. Chicago — May 2024
| Bedrooms | Lakeview Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,475 | $1,196 | +$279 (+23.3%) |
| Studio | $1,500 | $1,196 | +$304 (+25.4%) |
| 1BR | $1,835 | $1,503 | +$333 (+22.1%) |
| 1BR | $2,050 | $1,503 | +$548 (+36.4%) |
| 2BR | $2,650 | $1,825 | +$825 (+45.2%) |
| 2BR | $2,798 | $1,825 | +$973 (+53.3%) |
| 3BR | $2,623 | $2,236 | +$387 (+17.3%) |
| 3BR | $3,600 | $2,236 | +$1,364 (+61.0%) |
| 4BR | $4,800 | $2,725 | +$2,075 (+76.1%) |
| 4BR | $3,850 | $2,725 | +$1,125 (+41.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.