Monthly Rent Report
O'Hare Rent Report — August 2024
Asking rents in ZIP 60656, Chicago, from 43 listings.
Median 1BR rent in O'Hare was $1,400 in August 2024, down 7.9% (−$120) from July 2024 and down 9.1% year-over-year. The middle half of 1BR listings asked between $1,400 and $1,400. That puts O'Hare $138 below the Chicago citywide 1BR median of $1,538. The month's figures are based on 43 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,095 | −$272 (-19.9%) | −$210 (-16.1%) | $1,095 – $1,095 | 1 |
| 1BR | $1,400 | −$120 (-7.9%) | −$140 (-9.1%) | $1,400 – $1,400 | 1 |
| 2BR | $1,500 | +$205 (+15.8%) | −$600 (-28.6%) | $1,500 – $1,500 | 1 |
| 3BR | $2,700 | +$185 (+7.4%) | +$340 (+14.4%) | $2,450 – $2,850 | 9 |
| 4BR | $2,512 | $0 (0.0%) | −$48 (-1.9%) | $2,512 – $2,512 | 30 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
O'Hare vs. Chicago — August 2024
| Bedrooms | O'Hare Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,095 | $1,190 | −$95 (-8.0%) |
| 1BR | $1,400 | $1,538 | −$138 (-9.0%) |
| 2BR | $1,500 | $1,823 | −$322 (-17.7%) |
| 3BR | $2,700 | $2,300 | +$400 (+17.4%) |
| 4BR | $2,512 | $2,995 | −$483 (-16.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2024.