Monthly Rent Report
Near West Side Rent Report — August 2024
Asking rents in ZIP 60612, Chicago, from 41 listings.
Median 1BR rent in Near West Side was $1,600 in August 2024, down 4.5% (−$75) from July 2024 and down 22.1% year-over-year. The middle half of 1BR listings asked between $1,600 and $1,600. That puts Near West Side $62 above the Chicago citywide 1BR median of $1,538. The month's figures are based on 41 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,019 | +$512 (+33.9%) | −$185 (-8.4%) | $1,889 – $2,121 | 25 |
| 1BR | $1,600 | −$75 (-4.5%) | −$453 (-22.1%) | $1,600 – $1,600 | 2 |
| 1BR | $1,338 | −$337 (-20.1%) | −$715 (-34.9%) | $1,319 – $1,356 | 2 |
| 2BR | $1,750 | −$650 (-27.1%) | −$225 (-11.4%) | $1,750 – $1,750 | 5 |
| 2BR | $2,725 | +$325 (+13.5%) | +$750 (+38.0%) | $2,488 – $2,963 | 2 |
| 3BR | $1,950 | −$191 (-8.9%) | −$550 (-22.0%) | $1,950 – $1,950 | 2 |
| 3BR | $2,400 | +$259 (+12.1%) | −$100 (-4.0%) | $2,400 – $2,400 | 1 |
| 4BR | $2,995 | −$255 (-7.8%) | −$305 (-9.2%) | $2,995 – $2,995 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Near West Side vs. Chicago — August 2024
| Bedrooms | Near West Side Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,019 | $1,190 | +$829 (+69.7%) |
| 1BR | $1,600 | $1,538 | +$62 (+4.0%) |
| 1BR | $1,338 | $1,538 | −$200 (-13.0%) |
| 2BR | $1,750 | $1,823 | −$72 (-4.0%) |
| 2BR | $2,725 | $1,823 | +$903 (+49.5%) |
| 3BR | $1,950 | $2,300 | −$350 (-15.2%) |
| 3BR | $2,400 | $2,300 | +$100 (+4.3%) |
| 4BR | $2,995 | $2,995 | $0 (0.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2024.