Monthly Rent Report
O'Hare Rent Report — March 2024
Asking rents in ZIP 60656, Chicago, from 293 listings.
Median 1BR rent in O'Hare was $1,450 in March 2024, flat versus February 2024 and down 15.0% year-over-year. The middle half of 1BR listings asked between $1,450 and $1,503. That puts O'Hare $55 below the Chicago citywide 1BR median of $1,505. The month's figures are based on 293 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,263 | −$32 (-2.5%) | −$312 (-19.8%) | $1,224 – $1,319 | 10 |
| Studio | $1,275 | −$20 (-1.5%) | −$300 (-19.0%) | $1,235 – $1,320 | 34 |
| 1BR | $1,450 | $0 (0.0%) | −$255 (-15.0%) | $1,450 – $1,503 | 35 |
| 1BR | $1,508 | +$58 (+4.0%) | −$197 (-11.6%) | $1,458 – $1,588 | 62 |
| 2BR | $1,800 | +$200 (+12.5%) | −$395 (-18.0%) | $1,295 – $1,945 | 63 |
| 2BR | $2,000 | +$400 (+25.0%) | −$195 (-8.9%) | $2,000 – $2,000 | 1 |
| 3BR | $2,360 | $0 (0.0%) | +$260 (+12.4%) | $2,360 – $2,775 | 22 |
| 3BR | $2,360 | $0 (0.0%) | +$260 (+12.4%) | $2,360 – $2,400 | 29 |
| 4BR | $2,512 | −$338 (-11.9%) | −$968 (-27.8%) | $2,512 – $2,512 | 22 |
| 4BR | $2,512 | −$338 (-11.9%) | −$968 (-27.8%) | $2,512 – $2,575 | 15 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
O'Hare vs. Chicago — March 2024
| Bedrooms | O'Hare Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,263 | $1,225 | +$38 (+3.1%) |
| Studio | $1,275 | $1,225 | +$50 (+4.1%) |
| 1BR | $1,450 | $1,505 | −$54 (-3.6%) |
| 1BR | $1,508 | $1,505 | +$3 (+0.2%) |
| 2BR | $1,800 | $1,900 | −$100 (-5.3%) |
| 2BR | $2,000 | $1,900 | +$100 (+5.3%) |
| 3BR | $2,360 | $2,250 | +$110 (+4.9%) |
| 3BR | $2,360 | $2,250 | +$110 (+4.9%) |
| 4BR | $2,512 | $2,650 | −$138 (-5.2%) |
| 4BR | $2,512 | $2,650 | −$138 (-5.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2024.