Monthly Rent Report
Near West Side Rent Report — August 2023
Asking rents in ZIP 60612, Chicago, from 51 listings.
Median 1BR rent in Near West Side was $1,975 in August 2023, up 29.5% (+$450) from July 2023 and up 19.7% year-over-year. The middle half of 1BR listings asked between $1,975 and $1,975. That puts Near West Side $455 above the Chicago citywide 1BR median of $1,520. The month's figures are based on 51 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,204 | +$154 (+7.5%) | +$329 (+17.5%) | $2,117 – $2,312 | 10 |
| Studio | $2,255 | +$205 (+10.0%) | +$380 (+20.2%) | $2,235 – $2,295 | 4 |
| 1BR | $1,975 | +$450 (+29.5%) | +$325 (+19.7%) | $1,975 – $1,975 | 1 |
| 1BR | $2,053 | +$528 (+34.6%) | +$403 (+24.4%) | $2,053 – $2,053 | 8 |
| 2BR | $1,850 | −$350 (-15.9%) | +$50 (+2.8%) | $1,850 – $1,850 | 3 |
| 2BR | $1,975 | −$225 (-10.2%) | +$175 (+9.7%) | $1,975 – $1,975 | 1 |
| 3BR | $2,500 | +$250 (+11.1%) | +$301 (+13.7%) | $2,500 – $2,700 | 11 |
| 3BR | $2,175 | −$75 (-3.3%) | −$24 (-1.1%) | $2,175 – $2,175 | 1 |
| 4BR | $3,300 | +$5 (+0.2%) | +$305 (+10.2%) | $3,300 – $3,300 | 1 |
| 4BR | $3,500 | +$205 (+6.2%) | +$505 (+16.9%) | $3,500 – $3,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Near West Side vs. Chicago — August 2023
| Bedrooms | Near West Side Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,204 | $1,250 | +$954 (+76.3%) |
| Studio | $2,255 | $1,250 | +$1,005 (+80.4%) |
| 1BR | $1,975 | $1,520 | +$455 (+29.9%) |
| 1BR | $2,053 | $1,520 | +$533 (+35.1%) |
| 2BR | $1,850 | $1,808 | +$43 (+2.4%) |
| 2BR | $1,975 | $1,808 | +$168 (+9.3%) |
| 3BR | $2,500 | $2,395 | +$105 (+4.4%) |
| 3BR | $2,175 | $2,395 | −$220 (-9.2%) |
| 4BR | $3,300 | $2,692 | +$608 (+22.6%) |
| 4BR | $3,500 | $2,692 | +$808 (+30.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.