Monthly Rent Report
O'Hare Rent Report — February 2024
Asking rents in ZIP 60656, Chicago, from 244 listings.
Median 1BR rent in O'Hare was $1,575 in February 2024, up 8.6% (+$125) from January 2024 and down 6.7% year-over-year. The middle half of 1BR listings asked between $1,450 and $1,670. That puts O'Hare $75 above the Chicago citywide 1BR median of $1,500. The month's figures are based on 244 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,295 | +$145 (+12.6%) | −$205 (-13.7%) | $1,250 – $1,390 | 17 |
| Studio | $1,358 | +$208 (+18.0%) | −$142 (-9.5%) | $1,278 – $1,424 | 24 |
| 1BR | $1,575 | +$125 (+8.6%) | −$112 (-6.7%) | $1,450 – $1,670 | 62 |
| 1BR | $1,450 | $0 (0.0%) | −$237 (-14.1%) | $1,450 – $1,450 | 4 |
| 2BR | $1,650 | −$37 (-2.2%) | −$50 (-2.9%) | $1,295 – $1,910 | 45 |
| 2BR | $1,600 | −$87 (-5.2%) | −$100 (-5.9%) | $1,295 – $1,873 | 38 |
| 3BR | $2,150 | −$210 (-8.9%) | −$210 (-8.9%) | $2,150 – $2,150 | 1 |
| 3BR | $2,360 | $0 (0.0%) | $0 (0.0%) | $2,300 – $2,360 | 29 |
| 4BR | $2,850 | +$50 (+1.8%) | +$1,360 (+91.3%) | $2,850 – $2,850 | 3 |
| 4BR | $2,512 | −$288 (-10.3%) | +$1,022 (+68.6%) | $2,512 – $2,850 | 21 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
O'Hare vs. Chicago — February 2024
| Bedrooms | O'Hare Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,295 | $1,211 | +$84 (+6.9%) |
| Studio | $1,358 | $1,211 | +$146 (+12.1%) |
| 1BR | $1,575 | $1,500 | +$75 (+5.0%) |
| 1BR | $1,450 | $1,500 | −$50 (-3.3%) |
| 2BR | $1,650 | $1,813 | −$162 (-9.0%) |
| 2BR | $1,600 | $1,813 | −$212 (-11.7%) |
| 3BR | $2,150 | $2,300 | −$150 (-6.5%) |
| 3BR | $2,360 | $2,300 | +$60 (+2.6%) |
| 4BR | $2,850 | $2,792 | +$59 (+2.1%) |
| 4BR | $2,512 | $2,792 | −$279 (-10.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2024.