Monthly Rent Report
Near West Side Rent Report — March 2024
Asking rents in ZIP 60612, Chicago, from 339 listings.
Median 1BR rent in Near West Side was $2,375 in March 2024, down 1.6% (−$38) from February 2024 and up 21.8% year-over-year. The middle half of 1BR listings asked between $1,995 and $2,500. That puts Near West Side $871 above the Chicago citywide 1BR median of $1,505. The month's figures are based on 339 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,787 | +$837 (+88.1%) | +$96 (+5.7%) | $1,398 – $1,971 | 14 |
| Studio | $1,921 | +$971 (+102.2%) | +$231 (+13.6%) | $1,789 – $1,996 | 29 |
| 1BR | $2,375 | −$38 (-1.6%) | +$425 (+21.8%) | $1,995 – $2,500 | 71 |
| 1BR | $1,775 | −$638 (-26.4%) | −$175 (-9.0%) | $1,495 – $2,307 | 54 |
| 2BR | $1,950 | −$282 (-12.7%) | +$78 (+4.1%) | $1,950 – $1,950 | 1 |
| 2BR | $1,000 | −$1,232 (-55.2%) | −$872 (-46.6%) | $1,000 – $1,000 | 1 |
| 3BR | $2,353 | −$92 (-3.8%) | +$103 (+4.6%) | $1,950 – $2,524 | 128 |
| 3BR | $2,000 | −$445 (-18.2%) | −$250 (-11.1%) | $1,900 – $2,100 | 2 |
| 4BR | $2,800 | −$195 (-6.5%) | +$205 (+7.9%) | $2,800 – $2,900 | 13 |
| 4BR | $2,900 | −$95 (-3.2%) | +$305 (+11.8%) | $2,800 – $2,900 | 18 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Near West Side vs. Chicago — March 2024
| Bedrooms | Near West Side Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,787 | $1,225 | +$562 (+45.8%) |
| Studio | $1,921 | $1,225 | +$696 (+56.8%) |
| 1BR | $2,375 | $1,505 | +$871 (+57.9%) |
| 1BR | $1,775 | $1,505 | +$271 (+18.0%) |
| 2BR | $1,950 | $1,900 | +$50 (+2.6%) |
| 2BR | $1,000 | $1,900 | −$900 (-47.4%) |
| 3BR | $2,353 | $2,250 | +$103 (+4.6%) |
| 3BR | $2,000 | $2,250 | −$250 (-11.1%) |
| 4BR | $2,800 | $2,650 | +$150 (+5.7%) |
| 4BR | $2,900 | $2,650 | +$250 (+9.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2024.