Monthly Rent Report
Near West Side Rent Report — September 2024
Asking rents in ZIP 60612, Chicago, from 65 listings.
Median 1BR rent in Near West Side was $1,550 in September 2024, up 15.9% (+$213) from August 2024 and down 31.1% year-over-year. The middle half of 1BR listings asked between $1,550 and $1,550. That puts Near West Side $55 above the Chicago citywide 1BR median of $1,495. The month's figures are based on 65 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2024 | Vs. September 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,984 | −$35 (-1.7%) | −$511 (-20.5%) | $1,496 – $2,122 | 16 |
| Studio | $950 | −$1,069 (-52.9%) | −$1,545 (-61.9%) | $950 – $950 | 2 |
| 1BR | $1,550 | +$213 (+15.9%) | −$700 (-31.1%) | $1,550 – $1,550 | 2 |
| 1BR | $2,053 | +$716 (+53.5%) | −$197 (-8.8%) | $2,053 – $2,053 | 5 |
| 2BR | $1,679 | −$1,046 (-38.4%) | −$1,421 (-45.8%) | $1,679 – $1,679 | 1 |
| 2BR | $1,500 | −$1,225 (-45.0%) | −$1,600 (-51.6%) | $1,500 – $2,250 | 8 |
| 3BR | $1,950 | $0 (0.0%) | +$150 (+8.3%) | $1,700 – $2,225 | 4 |
| 3BR | $1,650 | −$300 (-15.4%) | −$150 (-8.3%) | $1,650 – $1,650 | 1 |
| 4BR | $3,375 | +$380 (+12.7%) | −$620 (-15.5%) | $2,950 – $4,025 | 18 |
Median, P25, and P75 are asking rents from listings posted in September 2024. Changes compare against the nearest prior month with data.
Near West Side vs. Chicago — September 2024
| Bedrooms | Near West Side Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,984 | $1,195 | +$789 (+66.0%) |
| Studio | $950 | $1,195 | −$245 (-20.5%) |
| 1BR | $1,550 | $1,495 | +$55 (+3.7%) |
| 1BR | $2,053 | $1,495 | +$558 (+37.3%) |
| 2BR | $1,679 | $1,843 | −$163 (-8.9%) |
| 2BR | $1,500 | $1,843 | −$342 (-18.6%) |
| 3BR | $1,950 | $2,350 | −$400 (-17.0%) |
| 3BR | $1,650 | $2,350 | −$700 (-29.8%) |
| 4BR | $3,375 | $2,750 | +$625 (+22.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2024.