Monthly Rent Report
Near West Side Rent Report — July 2024
Asking rents in ZIP 60612, Chicago, from 41 listings.
Median 1BR rent in Near West Side was $1,675 in July 2024, down 1.2% (−$20) from June 2024 and up 9.8% year-over-year. The middle half of 1BR listings asked between $1,400 and $1,950. That puts Near West Side $115 above the Chicago citywide 1BR median of $1,560. The month's figures are based on 41 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,508 | −$511 (-25.3%) | −$542 (-26.5%) | $1,079 – $1,775 | 6 |
| Studio | $2,059 | +$40 (+2.0%) | +$9 (+0.4%) | $2,002 – $2,124 | 8 |
| 1BR | $1,675 | −$20 (-1.2%) | +$150 (+9.8%) | $1,400 – $1,950 | 6 |
| 1BR | $1,850 | +$155 (+9.1%) | +$325 (+21.3%) | $1,850 – $1,850 | 5 |
| 2BR | $1,525 | −$225 (-12.9%) | −$675 (-30.7%) | $1,525 – $1,525 | 2 |
| 2BR | $2,400 | +$650 (+37.1%) | +$200 (+9.1%) | $2,400 – $2,400 | 1 |
| 3BR | $2,142 | −$303 (-12.4%) | −$108 (-4.8%) | $2,137 – $2,146 | 2 |
| 3BR | $2,000 | −$445 (-18.2%) | −$250 (-11.1%) | $1,800 – $2,000 | 3 |
| 4BR | $2,500 | $0 (0.0%) | −$795 (-24.1%) | $1,850 – $2,500 | 3 |
| 4BR | $3,250 | +$750 (+30.0%) | −$45 (-1.4%) | $3,250 – $3,250 | 3 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Near West Side vs. Chicago — July 2024
| Bedrooms | Near West Side Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,508 | $1,218 | +$289 (+23.7%) |
| Studio | $2,059 | $1,218 | +$841 (+69.0%) |
| 1BR | $1,675 | $1,560 | +$115 (+7.4%) |
| 1BR | $1,850 | $1,560 | +$290 (+18.6%) |
| 2BR | $1,525 | $1,805 | −$280 (-15.5%) |
| 2BR | $2,400 | $1,805 | +$595 (+33.0%) |
| 3BR | $2,142 | $2,363 | −$221 (-9.4%) |
| 3BR | $2,000 | $2,363 | −$362 (-15.3%) |
| 4BR | $2,500 | $2,789 | −$289 (-10.4%) |
| 4BR | $3,250 | $2,789 | +$461 (+16.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2024.