Monthly Rent Report
Near West Side Rent Report — October 2023
Asking rents in ZIP 60612, Chicago, from 56 listings.
Median 1BR rent in Near West Side was $1,750 in October 2023, up 20.7% (+$300) from September 2023 and up 34.6% year-over-year. The middle half of 1BR listings asked between $1,750 and $1,750. That puts Near West Side $275 above the Chicago citywide 1BR median of $1,475. The month's figures are based on 56 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,062 | −$433 (-17.4%) | +$305 (+17.4%) | $1,924 – $2,144 | 6 |
| Studio | $1,300 | −$1,195 (-47.9%) | −$457 (-26.0%) | $1,300 – $1,300 | 6 |
| 1BR | $1,750 | +$300 (+20.7%) | +$450 (+34.6%) | $1,750 – $1,750 | 6 |
| 1BR | $1,750 | +$300 (+20.7%) | +$450 (+34.6%) | $1,750 – $1,750 | 3 |
| 2BR | $2,550 | +$450 (+21.4%) | $0 (0.0%) | $2,550 – $2,550 | 1 |
| 2BR | $1,800 | −$300 (-14.3%) | −$750 (-29.4%) | $1,800 – $1,800 | 5 |
| 3BR | $3,000 | +$1,503 (+100.4%) | +$250 (+9.1%) | $1,795 – $3,125 | 16 |
| 3BR | $2,200 | +$703 (+47.0%) | −$550 (-20.0%) | $2,200 – $2,200 | 2 |
| 4BR | $1,450 | −$2,545 (-63.7%) | −$750 (-34.1%) | $1,450 – $1,450 | 1 |
| 4BR | $2,000 | −$1,995 (-49.9%) | −$200 (-9.1%) | $2,000 – $2,000 | 2 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Near West Side vs. Chicago — October 2023
| Bedrooms | Near West Side Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,062 | $1,200 | +$862 (+71.8%) |
| Studio | $1,300 | $1,200 | +$100 (+8.3%) |
| 1BR | $1,750 | $1,475 | +$275 (+18.6%) |
| 1BR | $1,750 | $1,475 | +$275 (+18.6%) |
| 2BR | $2,550 | $1,800 | +$750 (+41.7%) |
| 2BR | $1,800 | $1,800 | $0 (0.0%) |
| 3BR | $3,000 | $2,450 | +$550 (+22.4%) |
| 3BR | $2,200 | $2,450 | −$250 (-10.2%) |
| 4BR | $1,450 | $2,575 | −$1,125 (-43.7%) |
| 4BR | $2,000 | $2,575 | −$575 (-22.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2023.