Monthly Rent Report
Near West Side Rent Report — June 2024
Asking rents in ZIP 60612, Chicago, from 876 listings.
Median 1BR rent in Near West Side was $1,695 in June 2024, down 13.0% (−$252) from May 2024 and down 20.3% year-over-year. The middle half of 1BR listings asked between $1,695 and $1,695. That puts Near West Side $196 above the Chicago citywide 1BR median of $1,499. The month's figures are based on 876 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,019 | −$20 (-1.0%) | +$1 (+0.0%) | $1,885 – $2,124 | 30 |
| Studio | $2,019 | −$20 (-1.0%) | +$1 (+0.0%) | $1,893 – $2,124 | 40 |
| 1BR | $1,695 | −$252 (-13.0%) | −$431 (-20.3%) | $1,695 – $1,695 | 1 |
| 1BR | $2,127 | +$180 (+9.2%) | +$1 (+0.0%) | $1,900 – $2,389 | 167 |
| 2BR | $1,750 | −$450 (-20.5%) | −$450 (-20.5%) | $1,725 – $1,775 | 2 |
| 2BR | $2,265 | +$65 (+3.0%) | +$65 (+3.0%) | $1,850 – $2,750 | 358 |
| 3BR | $1,679 | −$821 (-32.8%) | −$621 (-27.0%) | $1,679 – $1,679 | 1 |
| 3BR | $2,445 | −$55 (-2.2%) | +$145 (+6.3%) | $2,100 – $2,892 | 244 |
| 4BR | $2,500 | $0 (0.0%) | +$100 (+4.2%) | $2,500 – $2,500 | 1 |
| 4BR | $2,700 | +$200 (+8.0%) | +$300 (+12.5%) | $2,500 – $3,400 | 27 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
Near West Side vs. Chicago — June 2024
| Bedrooms | Near West Side Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,019 | $1,149 | +$870 (+75.7%) |
| Studio | $2,019 | $1,149 | +$870 (+75.7%) |
| 1BR | $1,695 | $1,499 | +$196 (+13.1%) |
| 1BR | $2,127 | $1,499 | +$628 (+41.9%) |
| 2BR | $1,750 | $1,899 | −$149 (-7.8%) |
| 2BR | $2,265 | $1,899 | +$366 (+19.3%) |
| 3BR | $1,679 | $2,395 | −$716 (-29.9%) |
| 3BR | $2,445 | $2,395 | +$50 (+2.1%) |
| 4BR | $2,500 | $2,698 | −$197 (-7.3%) |
| 4BR | $2,700 | $2,698 | +$3 (+0.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2024.