Monthly Rent Report
North Lawndale Rent Report — August 2024
Asking rents in ZIP 60623, Chicago, from 13 listings.
Median 1BR rent in North Lawndale was $875 in August 2024, down 23.9% (−$275) from July 2024 and down 56.3% year-over-year. The middle half of 1BR listings asked between $875 and $875. That puts North Lawndale $663 below the Chicago citywide 1BR median of $1,538. The month's figures are based on 13 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $7,700 | +$6,650 (+633.3%) | +$6,978 (+965.7%) | $4,425 – $7,700 | 3 |
| 1BR | $875 | −$275 (-23.9%) | −$1,125 (-56.3%) | $875 – $875 | 1 |
| 2BR | $1,250 | −$100 (-7.4%) | $0 (0.0%) | $1,250 – $1,250 | 1 |
| 3BR | $1,850 | +$208 (+12.6%) | +$500 (+37.0%) | $1,850 – $1,850 | 1 |
| 4BR | $1,850 | −$300 (-14.0%) | +$400 (+27.6%) | $1,750 – $1,988 | 6 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
North Lawndale vs. Chicago — August 2024
| Bedrooms | North Lawndale Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $7,700 | $1,190 | +$6,510 (+547.1%) |
| 1BR | $875 | $1,538 | −$663 (-43.1%) |
| 2BR | $1,250 | $1,823 | −$572 (-31.4%) |
| 3BR | $1,850 | $2,300 | −$450 (-19.6%) |
| 4BR | $1,850 | $2,995 | −$1,145 (-38.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2024.