Monthly Rent Report
O'Hare Rent Report — January 2024
Asking rents in ZIP 60656, Chicago, from 48 listings.
Median 1BR rent in O'Hare was $1,450 in January 2024, down 4.6% (−$70) from December 2023 and down 8.4% year-over-year. The middle half of 1BR listings asked between $1,250 and $1,450. That puts O'Hare $67 below the Chicago citywide 1BR median of $1,517. The month's figures are based on 48 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,150 | −$197 (-14.7%) | −$160 (-12.2%) | $1,150 – $1,150 | 1 |
| Studio | $1,150 | −$197 (-14.7%) | −$160 (-12.2%) | $1,150 – $1,150 | 1 |
| 1BR | $1,450 | −$70 (-4.6%) | −$132 (-8.4%) | $1,250 – $1,450 | 12 |
| 1BR | $1,450 | −$70 (-4.6%) | −$132 (-8.4%) | $1,350 – $1,450 | 7 |
| 2BR | $1,688 | +$38 (+2.3%) | +$363 (+27.4%) | $1,295 – $1,800 | 8 |
| 2BR | $1,800 | +$150 (+9.1%) | +$475 (+35.8%) | $1,800 – $1,800 | 3 |
| 3BR | $2,360 | $0 (0.0%) | +$335 (+16.5%) | $2,360 – $2,360 | 5 |
| 3BR | $3,200 | +$840 (+35.6%) | +$1,175 (+58.0%) | $3,200 – $3,200 | 1 |
| 4BR | $2,850 | +$338 (+13.5%) | +$300 (+11.8%) | $2,825 – $2,850 | 3 |
| 4BR | $2,800 | +$288 (+11.5%) | +$250 (+9.8%) | $2,512 – $2,850 | 7 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
O'Hare vs. Chicago — January 2024
| Bedrooms | O'Hare Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,150 | $1,225 | −$75 (-6.1%) |
| Studio | $1,150 | $1,225 | −$75 (-6.1%) |
| 1BR | $1,450 | $1,517 | −$67 (-4.4%) |
| 1BR | $1,450 | $1,517 | −$67 (-4.4%) |
| 2BR | $1,688 | $1,800 | −$112 (-6.3%) |
| 2BR | $1,800 | $1,800 | $0 (0.0%) |
| 3BR | $2,360 | $2,300 | +$60 (+2.6%) |
| 3BR | $3,200 | $2,300 | +$900 (+39.1%) |
| 4BR | $2,850 | $2,792 | +$59 (+2.1%) |
| 4BR | $2,800 | $2,792 | +$9 (+0.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2024.