Monthly Rent Report
North Lawndale Rent Report — January 2024
Asking rents in ZIP 60623, Chicago, from 130 listings.
Median 1BR rent in North Lawndale was $1,100 in January 2024, up 18.3% (+$170) from December 2023 and up 22.9% year-over-year. The middle half of 1BR listings asked between $953 and $1,125. That puts North Lawndale $417 below the Chicago citywide 1BR median of $1,517. The month's figures are based on 130 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,050 | — | +$300 (+40.0%) | $1,050 – $1,050 | 4 |
| 1BR | $1,100 | +$170 (+18.3%) | +$205 (+22.9%) | $953 – $1,125 | 14 |
| 1BR | $1,275 | +$345 (+37.1%) | +$380 (+42.5%) | $1,213 – $1,338 | 2 |
| 2BR | $1,348 | +$198 (+17.2%) | +$98 (+7.8%) | $1,324 – $1,371 | 2 |
| 2BR | $1,400 | +$250 (+21.7%) | +$150 (+12.0%) | $1,195 – $1,550 | 65 |
| 3BR | $1,750 | +$550 (+45.8%) | +$350 (+25.0%) | $1,600 – $1,775 | 31 |
| 3BR | $1,748 | +$548 (+45.6%) | +$348 (+24.8%) | $1,721 – $1,774 | 2 |
| 4BR | $1,650 | +$50 (+3.1%) | +$50 (+3.1%) | $1,600 – $1,800 | 5 |
| 4BR | $1,650 | +$50 (+3.1%) | +$50 (+3.1%) | $1,600 – $1,800 | 5 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
North Lawndale vs. Chicago — January 2024
| Bedrooms | North Lawndale Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,050 | $1,225 | −$175 (-14.3%) |
| 1BR | $1,100 | $1,517 | −$417 (-27.5%) |
| 1BR | $1,275 | $1,517 | −$242 (-16.0%) |
| 2BR | $1,348 | $1,800 | −$452 (-25.1%) |
| 2BR | $1,400 | $1,800 | −$400 (-22.2%) |
| 3BR | $1,750 | $2,300 | −$550 (-23.9%) |
| 3BR | $1,748 | $2,300 | −$552 (-24.0%) |
| 4BR | $1,650 | $2,792 | −$1,141 (-40.9%) |
| 4BR | $1,650 | $2,792 | −$1,141 (-40.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2024.