Monthly Rent Report
Near West Side Rent Report — January 2024
Asking rents in ZIP 60612, Chicago, from 227 listings.
Median 1BR rent in Near West Side was $1,775 in January 2024, up 9.2% (+$150) from December 2023 and down 24.9% year-over-year. The middle half of 1BR listings asked between $1,688 and $1,800. That puts Near West Side $258 above the Chicago citywide 1BR median of $1,517. The month's figures are based on 227 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,095 | +$590 (+39.2%) | +$180 (+9.4%) | $2,095 – $2,095 | 1 |
| Studio | $2,095 | +$590 (+39.2%) | +$180 (+9.4%) | $2,095 – $2,095 | 1 |
| 1BR | $1,775 | +$150 (+9.2%) | −$590 (-24.9%) | $1,688 – $1,800 | 8 |
| 1BR | $1,763 | +$138 (+8.5%) | −$602 (-25.5%) | $1,498 – $1,800 | 12 |
| 2BR | $2,000 | +$425 (+27.0%) | −$100 (-4.8%) | $1,538 – $2,350 | 104 |
| 2BR | $1,675 | +$100 (+6.3%) | −$425 (-20.2%) | $1,675 – $1,675 | 1 |
| 3BR | $2,450 | −$75 (-3.0%) | +$750 (+44.1%) | $2,000 – $2,900 | 77 |
| 3BR | $3,200 | +$675 (+26.7%) | +$1,500 (+88.2%) | $3,200 – $3,200 | 1 |
| 4BR | $2,100 | −$350 (-14.3%) | −$895 (-29.9%) | $2,100 – $2,100 | 1 |
| 4BR | $3,000 | +$550 (+22.4%) | +$5 (+0.2%) | $3,000 – $3,000 | 8 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Near West Side vs. Chicago — January 2024
| Bedrooms | Near West Side Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,095 | $1,225 | +$870 (+71.0%) |
| Studio | $2,095 | $1,225 | +$870 (+71.0%) |
| 1BR | $1,775 | $1,517 | +$258 (+17.0%) |
| 1BR | $1,763 | $1,517 | +$246 (+16.2%) |
| 2BR | $2,000 | $1,800 | +$200 (+11.1%) |
| 2BR | $1,675 | $1,800 | −$125 (-6.9%) |
| 3BR | $2,450 | $2,300 | +$150 (+6.5%) |
| 3BR | $3,200 | $2,300 | +$900 (+39.1%) |
| 4BR | $2,100 | $2,792 | −$691 (-24.8%) |
| 4BR | $3,000 | $2,792 | +$209 (+7.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2024.