Monthly Rent Report
North Lawndale Rent Report — May 2024
Asking rents in ZIP 60623, Chicago, from 190 listings.
Median 1BR rent in North Lawndale was $1,150 in May 2024, up 4.5% (+$50) from April 2024 and up 4.5% year-over-year. The middle half of 1BR listings asked between $1,058 and $1,225. That puts North Lawndale $353 below the Chicago citywide 1BR median of $1,503. The month's figures are based on 190 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,125 | +$225 (+25.0%) | −$477 (-29.8%) | $938 – $2,025 | 6 |
| Studio | $725 | −$175 (-19.4%) | −$877 (-54.7%) | $725 – $725 | 1 |
| 1BR | $1,150 | +$50 (+4.5%) | +$50 (+4.5%) | $1,058 – $1,225 | 27 |
| 1BR | $1,100 | $0 (0.0%) | $0 (0.0%) | $1,100 – $1,100 | 1 |
| 2BR | $1,195 | −$402 (-25.2%) | −$55 (-4.4%) | $1,195 – $1,195 | 1 |
| 2BR | $1,200 | −$397 (-24.9%) | −$50 (-4.0%) | $1,050 – $1,200 | 3 |
| 3BR | $1,150 | −$500 (-30.3%) | +$100 (+9.5%) | $1,150 – $1,150 | 1 |
| 3BR | $1,663 | +$13 (+0.8%) | +$613 (+58.3%) | $1,450 – $1,800 | 114 |
| 4BR | $1,800 | $0 (0.0%) | +$55 (+3.2%) | $1,650 – $2,200 | 21 |
| 4BR | $2,600 | +$800 (+44.4%) | +$855 (+49.0%) | $1,650 – $2,600 | 5 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
North Lawndale vs. Chicago — May 2024
| Bedrooms | North Lawndale Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,125 | $1,196 | −$71 (-5.9%) |
| Studio | $725 | $1,196 | −$471 (-39.4%) |
| 1BR | $1,150 | $1,503 | −$352 (-23.5%) |
| 1BR | $1,100 | $1,503 | −$402 (-26.8%) |
| 2BR | $1,195 | $1,825 | −$630 (-34.5%) |
| 2BR | $1,200 | $1,825 | −$625 (-34.2%) |
| 3BR | $1,150 | $2,236 | −$1,086 (-48.6%) |
| 3BR | $1,663 | $2,236 | −$573 (-25.6%) |
| 4BR | $1,800 | $2,725 | −$925 (-33.9%) |
| 4BR | $2,600 | $2,725 | −$125 (-4.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.