Monthly Rent Report
Near West Side Rent Report — April 2024
Asking rents in ZIP 60612, Chicago, from 707 listings.
Median 1BR rent in Near West Side was $2,050 in April 2024, up 15.5% (+$275) from March 2024 and up 57.7% year-over-year. The middle half of 1BR listings asked between $1,600 and $2,407. That puts Near West Side $550 above the Chicago citywide 1BR median of $1,500. The month's figures are based on 707 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,105 | +$184 (+9.6%) | +$205 (+10.8%) | $1,950 – $2,268 | 17 |
| Studio | $2,285 | +$364 (+18.9%) | +$385 (+20.2%) | $2,124 – $2,331 | 20 |
| 1BR | $2,050 | +$275 (+15.5%) | +$750 (+57.7%) | $1,600 – $2,407 | 81 |
| 1BR | $2,357 | +$582 (+32.8%) | +$1,057 (+81.3%) | $1,700 – $2,500 | 75 |
| 2BR | $2,600 | +$650 (+33.3%) | +$105 (+4.2%) | $2,600 – $2,600 | 1 |
| 2BR | $2,258 | +$308 (+15.8%) | −$237 (-9.5%) | $1,800 – $2,684 | 278 |
| 3BR | $2,500 | +$148 (+6.3%) | +$400 (+19.0%) | $2,100 – $2,995 | 193 |
| 3BR | $3,500 | +$1,148 (+48.8%) | +$1,400 (+66.7%) | $3,500 – $3,500 | 1 |
| 4BR | $2,295 | −$505 (-18.0%) | −$1,205 (-34.4%) | $2,295 – $2,295 | 1 |
| 4BR | $2,900 | +$100 (+3.6%) | −$600 (-17.1%) | $2,500 – $3,800 | 29 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Near West Side vs. Chicago — April 2024
| Bedrooms | Near West Side Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,105 | $1,222 | +$883 (+72.3%) |
| Studio | $2,285 | $1,222 | +$1,063 (+86.9%) |
| 1BR | $2,050 | $1,500 | +$550 (+36.7%) |
| 1BR | $2,357 | $1,500 | +$857 (+57.1%) |
| 2BR | $2,600 | $1,850 | +$750 (+40.5%) |
| 2BR | $2,258 | $1,850 | +$408 (+22.0%) |
| 3BR | $2,500 | $2,300 | +$200 (+8.7%) |
| 3BR | $3,500 | $2,300 | +$1,200 (+52.2%) |
| 4BR | $2,295 | $2,800 | −$505 (-18.0%) |
| 4BR | $2,900 | $2,800 | +$100 (+3.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2024.