Monthly Rent Report
Near West Side Rent Report — July 2023
Asking rents in ZIP 60612, Chicago, from 156 listings.
Median 1BR rent in Near West Side was $2,331 in July 2023, up 111.9% (+$1,231) from June 2023 and up 56.4% year-over-year. The middle half of 1BR listings asked between $1,996 and $2,464. That puts Near West Side $881 above the Chicago citywide 1BR median of $1,450. The month's figures are based on 156 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,165 | +$147 (+7.3%) | +$320 (+17.3%) | $2,019 – $2,204 | 19 |
| Studio | $2,050 | +$32 (+1.6%) | +$205 (+11.1%) | $1,574 – $2,121 | 7 |
| 1BR | $2,331 | +$1,231 (+111.9%) | +$841 (+56.4%) | $1,996 – $2,464 | 18 |
| 1BR | $1,525 | +$425 (+38.6%) | +$35 (+2.3%) | $1,350 – $2,053 | 12 |
| 2BR | $2,200 | $0 (0.0%) | +$300 (+15.8%) | $1,525 – $2,325 | 51 |
| 2BR | $2,200 | $0 (0.0%) | +$300 (+15.8%) | $2,200 – $2,200 | 1 |
| 3BR | $2,300 | $0 (0.0%) | −$500 (-17.9%) | $1,698 – $2,550 | 35 |
| 3BR | $2,250 | −$50 (-2.2%) | −$550 (-19.6%) | $2,250 – $2,250 | 1 |
| 4BR | $3,000 | +$600 (+25.0%) | −$97 (-3.1%) | $2,450 – $3,450 | 7 |
| 4BR | $3,295 | +$895 (+37.3%) | +$198 (+6.4%) | $3,295 – $3,295 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Near West Side vs. Chicago — July 2023
| Bedrooms | Near West Side Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,165 | $1,200 | +$965 (+80.4%) |
| Studio | $2,050 | $1,200 | +$850 (+70.8%) |
| 1BR | $2,331 | $1,450 | +$881 (+60.7%) |
| 1BR | $1,525 | $1,450 | +$75 (+5.2%) |
| 2BR | $2,200 | $1,795 | +$405 (+22.6%) |
| 2BR | $2,200 | $1,795 | +$405 (+22.6%) |
| 3BR | $2,300 | $2,273 | +$28 (+1.2%) |
| 3BR | $2,250 | $2,273 | −$22 (-1.0%) |
| 4BR | $3,000 | $2,709 | +$292 (+10.8%) |
| 4BR | $3,295 | $2,709 | +$587 (+21.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2023.