Monthly Rent Report
Near West Side Rent Report — November 2024
Asking rents in ZIP 60612, Chicago, from 42 listings.
Median 1BR rent in Near West Side was $1,500 in November 2024, up 15.4% (+$200) from October 2024 and down 34.8% year-over-year. The middle half of 1BR listings asked between $1,500 and $1,500. That puts Near West Side $75 below the Chicago citywide 1BR median of $1,575. The month's figures are based on 42 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2024 | Vs. November 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,980 | −$138 (-6.5%) | −$92 (-4.4%) | $1,878 – $3,390 | 3 |
| 1BR | $1,500 | +$200 (+15.4%) | −$800 (-34.8%) | $1,500 – $1,500 | 1 |
| 1BR | $1,500 | +$200 (+15.4%) | −$800 (-34.8%) | $1,500 – $1,500 | 2 |
| 2BR | $2,448 | +$748 (+44.0%) | +$848 (+53.0%) | $1,335 – $2,700 | 14 |
| 2BR | $2,693 | +$993 (+58.4%) | +$1,093 (+68.3%) | $2,646 – $2,739 | 2 |
| 3BR | $1,700 | −$297 (-14.9%) | +$350 (+25.9%) | $1,700 – $1,700 | 1 |
| 3BR | $1,900 | −$97 (-4.9%) | +$550 (+40.7%) | $1,788 – $1,900 | 10 |
| 4BR | $3,500 | −$1,000 (-22.2%) | +$491 (+16.3%) | $3,500 – $3,500 | 2 |
| 4BR | $3,500 | −$1,000 (-22.2%) | +$491 (+16.3%) | $3,500 – $3,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in November 2024. Changes compare against the nearest prior month with data.
Near West Side vs. Chicago — November 2024
| Bedrooms | Near West Side Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,980 | $1,292 | +$688 (+53.3%) |
| 1BR | $1,500 | $1,575 | −$75 (-4.8%) |
| 1BR | $1,500 | $1,575 | −$75 (-4.8%) |
| 2BR | $2,448 | $1,945 | +$503 (+25.8%) |
| 2BR | $2,693 | $1,945 | +$748 (+38.4%) |
| 3BR | $1,700 | $2,200 | −$500 (-22.7%) |
| 3BR | $1,900 | $2,200 | −$300 (-13.6%) |
| 4BR | $3,500 | $2,990 | +$510 (+17.1%) |
| 4BR | $3,500 | $2,990 | +$510 (+17.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2024.