Monthly Rent Report
Near West Side Rent Report — December 2023
Asking rents in ZIP 60612, Chicago, from 76 listings.
Median 1BR rent in Near West Side was $1,375 in December 2023, down 41.8% (−$986) from November 2023 and down 8.3% year-over-year. The middle half of 1BR listings asked between $1,375 and $1,875. That puts Near West Side $80 below the Chicago citywide 1BR median of $1,455. The month's figures are based on 76 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,485 | −$545 (-26.8%) | −$383 (-20.5%) | $1,485 – $1,485 | 1 |
| Studio | $1,505 | −$525 (-25.9%) | −$363 (-19.5%) | $1,505 – $1,505 | 1 |
| 1BR | $1,375 | −$986 (-41.8%) | −$125 (-8.3%) | $1,375 – $1,875 | 5 |
| 1BR | $1,625 | −$736 (-31.2%) | +$125 (+8.3%) | $1,500 – $1,750 | 2 |
| 2BR | $1,500 | −$782 (-34.3%) | −$800 (-34.8%) | $1,500 – $1,500 | 1 |
| 2BR | $1,575 | −$707 (-31.0%) | −$725 (-31.5%) | $1,395 – $2,036 | 26 |
| 3BR | $2,525 | −$75 (-2.9%) | +$675 (+36.5%) | $2,138 – $3,000 | 24 |
| 3BR | $2,595 | −$5 (-0.2%) | +$745 (+40.3%) | $2,595 – $2,595 | 1 |
| 4BR | $2,450 | −$559 (-18.6%) | +$171 (+7.5%) | $2,450 – $2,450 | 9 |
| 4BR | $2,450 | −$559 (-18.6%) | +$171 (+7.5%) | $2,450 – $2,450 | 3 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Near West Side vs. Chicago — December 2023
| Bedrooms | Near West Side Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,485 | $1,218 | +$268 (+22.0%) |
| Studio | $1,505 | $1,218 | +$288 (+23.6%) |
| 1BR | $1,375 | $1,455 | −$80 (-5.5%) |
| 1BR | $1,625 | $1,455 | +$170 (+11.7%) |
| 2BR | $1,500 | $1,800 | −$300 (-16.7%) |
| 2BR | $1,575 | $1,800 | −$225 (-12.5%) |
| 3BR | $2,525 | $2,472 | +$53 (+2.1%) |
| 3BR | $2,595 | $2,472 | +$123 (+5.0%) |
| 4BR | $2,450 | $2,630 | −$180 (-6.8%) |
| 4BR | $2,450 | $2,630 | −$180 (-6.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2023.