Monthly Rent Report
Near West Side Rent Report — October 2024
Asking rents in ZIP 60612, Chicago, from 69 listings.
Median 1BR rent in Near West Side was $1,300 in October 2024, down 16.1% (−$250) from September 2024 and down 25.7% year-over-year. The middle half of 1BR listings asked between $1,300 and $1,300. That puts Near West Side $137 below the Chicago citywide 1BR median of $1,437. The month's figures are based on 69 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,600 | +$650 (+68.4%) | −$462 (-22.4%) | $1,600 – $1,600 | 1 |
| Studio | $2,118 | +$1,168 (+122.9%) | +$56 (+2.7%) | $2,083 – $2,141 | 16 |
| 1BR | $1,300 | −$250 (-16.1%) | −$450 (-25.7%) | $1,300 – $1,300 | 6 |
| 1BR | $1,250 | −$300 (-19.4%) | −$500 (-28.6%) | $1,250 – $1,250 | 1 |
| 2BR | $2,275 | +$775 (+51.7%) | −$275 (-10.8%) | $1,659 – $2,650 | 20 |
| 2BR | $1,700 | +$200 (+13.3%) | −$850 (-33.3%) | $1,700 – $1,700 | 1 |
| 3BR | $1,998 | +$348 (+21.1%) | −$202 (-9.2%) | $1,703 – $2,600 | 20 |
| 3BR | $1,679 | +$29 (+1.8%) | −$521 (-23.7%) | $1,679 – $1,679 | 1 |
| 4BR | $4,500 | +$1,125 (+33.3%) | +$2,500 (+125.0%) | $3,475 – $4,500 | 3 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Near West Side vs. Chicago — October 2024
| Bedrooms | Near West Side Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,600 | $1,298 | +$303 (+23.3%) |
| Studio | $2,118 | $1,298 | +$821 (+63.2%) |
| 1BR | $1,300 | $1,437 | −$136 (-9.5%) |
| 1BR | $1,250 | $1,437 | −$186 (-13.0%) |
| 2BR | $2,275 | $1,770 | +$506 (+28.6%) |
| 2BR | $1,700 | $1,770 | −$69 (-3.9%) |
| 3BR | $1,998 | $2,305 | −$307 (-13.3%) |
| 3BR | $1,679 | $2,305 | −$626 (-27.2%) |
| 4BR | $4,500 | $2,995 | +$1,505 (+50.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2024.