Monthly Rent Report
Near West Side Rent Report — June 2023
Asking rents in ZIP 60612, Chicago, from 482 listings.
Median 1BR rent in Near West Side was $1,100 in June 2023, down 47.6% (−$1,000) from May 2023 and down 8.3% year-over-year. The middle half of 1BR listings asked between $1,100 and $1,100. That puts Near West Side $300 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 482 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,018 | +$79 (+4.1%) | +$148 (+7.9%) | $1,957 – $2,159 | 15 |
| Studio | $2,018 | +$79 (+4.1%) | +$148 (+7.9%) | $1,957 – $2,159 | 15 |
| 1BR | $1,100 | −$1,000 (-47.6%) | −$100 (-8.3%) | $1,100 – $1,100 | 1 |
| 1BR | $2,126 | +$26 (+1.2%) | +$926 (+77.2%) | $1,688 – $2,495 | 87 |
| 2BR | $2,200 | +$100 (+4.8%) | $0 (0.0%) | $2,150 – $2,425 | 3 |
| 2BR | $2,200 | +$100 (+4.8%) | $0 (0.0%) | $1,800 – $2,525 | 215 |
| 3BR | $2,000 | −$445 (-18.2%) | +$600 (+42.9%) | $2,000 – $2,000 | 1 |
| 3BR | $2,300 | −$145 (-5.9%) | +$900 (+64.3%) | $1,970 – $2,500 | 127 |
| 4BR | $1,350 | −$1,400 (-50.9%) | −$2,050 (-60.3%) | $1,350 – $1,350 | 1 |
| 4BR | $2,400 | −$350 (-12.7%) | −$1,000 (-29.4%) | $2,175 – $3,700 | 17 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Near West Side vs. Chicago — June 2023
| Bedrooms | Near West Side Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,018 | $1,243 | +$776 (+62.4%) |
| Studio | $2,018 | $1,243 | +$776 (+62.4%) |
| 1BR | $1,100 | $1,400 | −$300 (-21.4%) |
| 1BR | $2,126 | $1,400 | +$726 (+51.9%) |
| 2BR | $2,200 | $1,700 | +$500 (+29.4%) |
| 2BR | $2,200 | $1,700 | +$500 (+29.4%) |
| 3BR | $2,000 | $2,275 | −$275 (-12.1%) |
| 3BR | $2,300 | $2,275 | +$25 (+1.1%) |
| 4BR | $1,350 | $2,500 | −$1,150 (-46.0%) |
| 4BR | $2,400 | $2,500 | −$100 (-4.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2023.