Monthly Rent Report
Near West Side Rent Report — May 2024
Asking rents in ZIP 60612, Chicago, from 443 listings.
Median 1BR rent in Near West Side was $2,218 in May 2024, up 8.2% (+$168) from April 2024 and down 1.9% year-over-year. The middle half of 1BR listings asked between $1,788 and $2,395. That puts Near West Side $716 above the Chicago citywide 1BR median of $1,503. The month's figures are based on 443 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $950 | −$1,155 (-54.9%) | −$989 (-51.0%) | $950 – $950 | 3 |
| Studio | $2,040 | −$65 (-3.1%) | +$101 (+5.2%) | $950 – $2,152 | 18 |
| 1BR | $2,218 | +$168 (+8.2%) | −$42 (-1.9%) | $1,788 – $2,395 | 108 |
| 1BR | $1,948 | −$102 (-5.0%) | −$312 (-13.8%) | $1,921 – $1,974 | 2 |
| 2BR | $2,000 | −$257 (-11.4%) | −$100 (-4.8%) | $2,000 – $2,000 | 1 |
| 2BR | $2,200 | −$57 (-2.5%) | +$100 (+4.8%) | $1,800 – $2,400 | 264 |
| 3BR | $2,500 | −$1,000 (-28.6%) | −$500 (-16.7%) | $2,500 – $2,500 | 2 |
| 3BR | $1,475 | −$2,025 (-57.9%) | −$1,525 (-50.8%) | $1,338 – $1,613 | 2 |
| 4BR | $2,500 | −$400 (-13.8%) | −$250 (-9.1%) | $2,500 – $2,500 | 1 |
| 4BR | $2,800 | −$100 (-3.4%) | +$50 (+1.8%) | $2,646 – $3,350 | 30 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Near West Side vs. Chicago — May 2024
| Bedrooms | Near West Side Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $950 | $1,196 | −$246 (-20.6%) |
| Studio | $2,040 | $1,196 | +$844 (+70.5%) |
| 1BR | $2,218 | $1,503 | +$716 (+47.6%) |
| 1BR | $1,948 | $1,503 | +$445 (+29.6%) |
| 2BR | $2,000 | $1,825 | +$175 (+9.6%) |
| 2BR | $2,200 | $1,825 | +$375 (+20.5%) |
| 3BR | $2,500 | $2,236 | +$264 (+11.8%) |
| 3BR | $1,475 | $2,236 | −$761 (-34.0%) |
| 4BR | $2,500 | $2,725 | −$225 (-8.3%) |
| 4BR | $2,800 | $2,725 | +$75 (+2.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.