Monthly Rent Report
Pilsen Rent Report — May 2024
Asking rents in ZIP 60608, Chicago, from 357 listings.
Median 1BR rent in Pilsen was $1,795 in May 2024, down 5.5% (−$105) from April 2024 and up 14.0% year-over-year. The middle half of 1BR listings asked between $1,795 and $1,795. That puts Pilsen $293 above the Chicago citywide 1BR median of $1,503. The month's figures are based on 357 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,778 | +$428 (+31.7%) | +$528 (+42.2%) | $1,572 – $1,873 | 63 |
| Studio | $1,800 | +$450 (+33.3%) | +$550 (+44.0%) | $1,250 – $2,000 | 13 |
| 1BR | $1,795 | −$105 (-5.5%) | +$220 (+14.0%) | $1,795 – $1,795 | 1 |
| 1BR | $1,350 | −$550 (-28.9%) | −$225 (-14.3%) | $1,350 – $1,350 | 6 |
| 2BR | $1,973 | +$123 (+6.6%) | +$273 (+16.0%) | $1,794 – $2,145 | 4 |
| 2BR | $1,400 | −$450 (-24.3%) | −$300 (-17.6%) | $1,400 – $1,400 | 2 |
| 3BR | $2,100 | −$200 (-8.7%) | −$75 (-3.4%) | $1,848 – $2,300 | 3 |
| 3BR | $2,395 | +$95 (+4.1%) | +$220 (+10.1%) | $1,900 – $2,795 | 208 |
| 4BR | $2,900 | −$1,195 (-29.2%) | +$1,050 (+56.8%) | $2,900 – $2,900 | 1 |
| 4BR | $2,995 | −$1,100 (-26.9%) | +$1,145 (+61.9%) | $2,550 – $3,600 | 51 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Pilsen vs. Chicago — May 2024
| Bedrooms | Pilsen Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,778 | $1,196 | +$582 (+48.7%) |
| Studio | $1,800 | $1,196 | +$604 (+50.5%) |
| 1BR | $1,795 | $1,503 | +$293 (+19.5%) |
| 1BR | $1,350 | $1,503 | −$152 (-10.1%) |
| 2BR | $1,973 | $1,825 | +$148 (+8.1%) |
| 2BR | $1,400 | $1,825 | −$425 (-23.3%) |
| 3BR | $2,100 | $2,236 | −$136 (-6.1%) |
| 3BR | $2,395 | $2,236 | +$159 (+7.1%) |
| 4BR | $2,900 | $2,725 | +$175 (+6.4%) |
| 4BR | $2,995 | $2,725 | +$270 (+9.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.