Monthly Rent Report
Near West Side Rent Report — April 2023
Asking rents in ZIP 60612, Chicago, from 413 listings.
Median 1BR rent in Near West Side was $2,115 in April 2023, up 3.0% (+$62) from March 2023 and up 14.3% year-over-year. The middle half of 1BR listings asked between $1,775 and $2,461. That puts Near West Side $690 above the Chicago citywide 1BR median of $1,425. The month's figures are based on 413 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,900 | +$210 (+12.4%) | +$600 (+46.2%) | $1,855 – $2,000 | 37 |
| Studio | $1,900 | +$210 (+12.4%) | +$600 (+46.2%) | $1,855 – $2,000 | 37 |
| 1BR | $2,115 | +$62 (+3.0%) | +$265 (+14.3%) | $1,775 – $2,461 | 103 |
| 1BR | $1,300 | −$753 (-36.7%) | −$550 (-29.7%) | $1,300 – $1,300 | 1 |
| 2BR | $2,495 | +$623 (+33.2%) | +$395 (+18.8%) | $2,495 – $2,495 | 1 |
| 2BR | $2,173 | +$300 (+16.0%) | +$73 (+3.5%) | $1,800 – $2,800 | 220 |
| 3BR | $2,100 | +$100 (+5.0%) | +$450 (+27.3%) | $2,100 – $2,100 | 1 |
| 3BR | $1,350 | −$650 (-32.5%) | −$300 (-18.2%) | $1,350 – $1,350 | 5 |
| 4BR | $2,922 | +$327 (+12.6%) | +$522 (+21.8%) | $2,611 – $3,213 | 7 |
| 4BR | $3,500 | +$905 (+34.9%) | +$1,100 (+45.8%) | $3,500 – $3,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Near West Side vs. Chicago — April 2023
| Bedrooms | Near West Side Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,900 | $1,195 | +$705 (+59.0%) |
| Studio | $1,900 | $1,195 | +$705 (+59.0%) |
| 1BR | $2,115 | $1,425 | +$690 (+48.4%) |
| 1BR | $1,300 | $1,425 | −$125 (-8.8%) |
| 2BR | $2,495 | $1,725 | +$770 (+44.6%) |
| 2BR | $2,173 | $1,725 | +$448 (+25.9%) |
| 3BR | $2,100 | $2,300 | −$200 (-8.7%) |
| 3BR | $1,350 | $2,300 | −$950 (-41.3%) |
| 4BR | $2,922 | $2,597 | +$325 (+12.5%) |
| 4BR | $3,500 | $2,597 | +$903 (+34.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2023.