Monthly Rent Report
Old Town Rent Report — August 2024
Asking rents in ZIP 60610, Chicago, from 33 listings.
Median 1BR rent in Old Town was $2,353 in August 2024, down 21.4% (−$642) from July 2024 and up 7.2% year-over-year. The middle half of 1BR listings asked between $2,286 and $2,573. That puts Old Town $815 above the Chicago citywide 1BR median of $1,538. The month's figures are based on 33 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,063 | +$218 (+11.8%) | +$151 (+7.9%) | $2,063 – $2,063 | 1 |
| 1BR | $2,353 | −$642 (-21.4%) | +$158 (+7.2%) | $2,286 – $2,573 | 12 |
| 1BR | $1,800 | −$1,195 (-39.9%) | −$395 (-18.0%) | $1,800 – $2,654 | 3 |
| 2BR | $3,615 | +$265 (+7.9%) | −$260 (-6.7%) | $3,558 – $3,683 | 3 |
| 2BR | $3,106 | −$244 (-7.3%) | −$769 (-19.8%) | $1,763 – $4,312 | 4 |
| 3BR | $5,075 | +$225 (+4.6%) | −$923 (-15.4%) | $4,911 – $5,150 | 4 |
| 4BR | $8,500 | −$250 (-2.9%) | −$4,769 (-35.9%) | $8,500 – $8,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Old Town vs. Chicago — August 2024
| Bedrooms | Old Town Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,063 | $1,190 | +$873 (+73.4%) |
| 1BR | $2,353 | $1,538 | +$815 (+53.0%) |
| 1BR | $1,800 | $1,538 | +$262 (+17.0%) |
| 2BR | $3,615 | $1,823 | +$1,793 (+98.4%) |
| 2BR | $3,106 | $1,823 | +$1,284 (+70.4%) |
| 3BR | $5,075 | $2,300 | +$2,775 (+120.7%) |
| 4BR | $8,500 | $2,995 | +$5,505 (+183.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2024.