Monthly Rent Report
Near West Side Rent Report — February 2024
Asking rents in ZIP 60612, Chicago, from 536 listings.
Median 1BR rent in Near West Side was $2,413 in February 2024, up 35.9% (+$638) from January 2024 and up 18.0% year-over-year. The middle half of 1BR listings asked between $1,713 and $2,523. That puts Near West Side $913 above the Chicago citywide 1BR median of $1,500. The month's figures are based on 536 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $950 | −$1,145 (-54.7%) | −$779 (-45.1%) | $950 – $950 | 3 |
| Studio | $2,019 | −$76 (-3.6%) | +$290 (+16.8%) | $1,697 – $2,120 | 32 |
| 1BR | $2,413 | +$638 (+35.9%) | +$368 (+18.0%) | $1,713 – $2,523 | 63 |
| 1BR | $1,500 | −$275 (-15.5%) | −$545 (-26.7%) | $1,500 – $1,500 | 1 |
| 2BR | $2,233 | +$558 (+33.3%) | −$467 (-17.3%) | $1,700 – $2,700 | 208 |
| 2BR | $1,675 | $0 (0.0%) | −$1,025 (-38.0%) | $1,675 – $1,675 | 1 |
| 3BR | $2,445 | −$755 (-23.6%) | +$350 (+16.7%) | $1,945 – $3,000 | 199 |
| 3BR | $1,800 | −$1,400 (-43.8%) | −$295 (-14.1%) | $1,800 – $1,800 | 1 |
| 4BR | $2,995 | −$5 (-0.2%) | +$400 (+15.4%) | $2,995 – $2,995 | 1 |
| 4BR | $2,995 | −$5 (-0.2%) | +$400 (+15.4%) | $2,800 – $2,995 | 13 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Near West Side vs. Chicago — February 2024
| Bedrooms | Near West Side Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $950 | $1,211 | −$261 (-21.6%) |
| Studio | $2,019 | $1,211 | +$808 (+66.7%) |
| 1BR | $2,413 | $1,500 | +$913 (+60.9%) |
| 1BR | $1,500 | $1,500 | $0 (0.0%) |
| 2BR | $2,233 | $1,813 | +$420 (+23.2%) |
| 2BR | $1,675 | $1,813 | −$137 (-7.6%) |
| 3BR | $2,445 | $2,300 | +$145 (+6.3%) |
| 3BR | $1,800 | $2,300 | −$500 (-21.7%) |
| 4BR | $2,995 | $2,792 | +$204 (+7.3%) |
| 4BR | $2,995 | $2,792 | +$204 (+7.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2024.