Monthly Rent Report
Near West Side Rent Report — September 2023
Asking rents in ZIP 60612, Chicago, from 25 listings.
Median 1BR rent in Near West Side was $1,450 in September 2023, down 29.4% (−$603) from August 2023 and up 11.5% year-over-year. The middle half of 1BR listings asked between $1,425 and $1,536. That puts Near West Side in line with the Chicago citywide 1BR median of $1,450. The month's figures are based on 25 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,900 | −$304 (-13.8%) | +$125 (+7.0%) | $1,900 – $1,900 | 1 |
| Studio | $2,495 | +$291 (+13.2%) | +$720 (+40.6%) | $2,495 – $2,495 | 1 |
| 1BR | $1,450 | −$603 (-29.4%) | +$150 (+11.5%) | $1,425 – $1,536 | 4 |
| 1BR | $2,250 | +$197 (+9.6%) | +$950 (+73.1%) | $2,250 – $2,250 | 1 |
| 2BR | $2,100 | +$250 (+13.5%) | +$105 (+5.3%) | $2,100 – $2,100 | 3 |
| 2BR | $3,100 | +$1,250 (+67.6%) | +$1,105 (+55.4%) | $3,100 – $3,100 | 1 |
| 3BR | $1,497 | −$678 (-31.2%) | −$403 (-21.2%) | $1,497 – $1,497 | 1 |
| 3BR | $1,800 | −$375 (-17.2%) | −$100 (-5.3%) | $1,800 – $1,800 | 1 |
| 4BR | $3,009 | −$491 (-14.0%) | +$959 (+46.8%) | $3,009 – $3,009 | 4 |
| 4BR | $3,995 | +$495 (+14.1%) | +$1,945 (+94.9%) | $3,009 – $3,995 | 7 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Near West Side vs. Chicago — September 2023
| Bedrooms | Near West Side Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,900 | $1,238 | +$663 (+53.5%) |
| Studio | $2,495 | $1,238 | +$1,258 (+101.6%) |
| 1BR | $1,450 | $1,450 | $0 (0.0%) |
| 1BR | $2,250 | $1,450 | +$800 (+55.2%) |
| 2BR | $2,100 | $1,738 | +$363 (+20.9%) |
| 2BR | $3,100 | $1,738 | +$1,363 (+78.4%) |
| 3BR | $1,497 | $2,327 | −$830 (-35.7%) |
| 3BR | $1,800 | $2,327 | −$527 (-22.6%) |
| 4BR | $3,009 | $2,783 | +$226 (+8.1%) |
| 4BR | $3,995 | $2,783 | +$1,212 (+43.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2023.