Monthly Rent Report
Near West Side Rent Report — November 2023
Asking rents in ZIP 60612, Chicago, from 407 listings.
Median 1BR rent in Near West Side was $2,361 in November 2023, up 34.9% (+$611) from October 2023 and down 10.9% year-over-year. The middle half of 1BR listings asked between $2,315 and $2,570. That puts Near West Side $858 above the Chicago citywide 1BR median of $1,504. The month's figures are based on 407 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,072 | +$772 (+59.4%) | +$177 (+9.3%) | $2,030 – $2,114 | 26 |
| Studio | $2,030 | +$730 (+56.2%) | +$135 (+7.1%) | $1,889 – $2,184 | 5 |
| 1BR | $2,361 | +$611 (+34.9%) | −$289 (-10.9%) | $2,315 – $2,570 | 9 |
| 1BR | $2,300 | +$550 (+31.4%) | −$350 (-13.2%) | $2,000 – $2,480 | 95 |
| 2BR | $2,283 | −$267 (-10.5%) | +$783 (+52.2%) | $1,895 – $2,650 | 248 |
| 2BR | $1,600 | −$950 (-37.3%) | +$100 (+6.7%) | $1,600 – $1,600 | 1 |
| 3BR | $1,350 | −$1,650 (-55.0%) | −$1,300 (-49.1%) | $1,350 – $1,350 | 1 |
| 3BR | $2,600 | −$400 (-13.3%) | −$50 (-1.9%) | $2,600 – $2,650 | 11 |
| 4BR | $3,009 | +$1,559 (+107.5%) | +$759 (+33.7%) | $3,009 – $3,009 | 1 |
| 4BR | $3,009 | +$1,559 (+107.5%) | +$759 (+33.7%) | $3,009 – $3,009 | 2 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Near West Side vs. Chicago — November 2023
| Bedrooms | Near West Side Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,072 | $1,160 | +$912 (+78.6%) |
| Studio | $2,030 | $1,160 | +$870 (+75.0%) |
| 1BR | $2,361 | $1,504 | +$858 (+57.0%) |
| 1BR | $2,300 | $1,504 | +$797 (+53.0%) |
| 2BR | $2,283 | $1,800 | +$483 (+26.8%) |
| 2BR | $1,600 | $1,800 | −$200 (-11.1%) |
| 3BR | $1,350 | $2,298 | −$947 (-41.2%) |
| 3BR | $2,600 | $2,298 | +$303 (+13.2%) |
| 4BR | $3,009 | $2,750 | +$259 (+9.4%) |
| 4BR | $3,009 | $2,750 | +$259 (+9.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2023.