Monthly Rent Report
Portage Park Rent Report — May 2024
Asking rents in ZIP 60634, Chicago, from 273 listings.
Median 1BR rent in Portage Park was $1,100 in May 2024, down 17.0% (−$225) from April 2024 and down 8.3% year-over-year. The middle half of 1BR listings asked between $1,100 and $1,100. That puts Portage Park $403 below the Chicago citywide 1BR median of $1,503. The month's figures are based on 273 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,225 | +$25 (+2.1%) | −$525 (-30.0%) | $1,200 – $1,275 | 8 |
| Studio | $1,225 | +$25 (+2.1%) | −$525 (-30.0%) | $1,200 – $1,275 | 8 |
| 1BR | $1,100 | −$225 (-17.0%) | −$100 (-8.3%) | $1,100 – $1,100 | 1 |
| 1BR | $1,285 | −$40 (-3.0%) | +$85 (+7.1%) | $1,200 – $1,400 | 27 |
| 2BR | $1,913 | −$87 (-4.3%) | −$82 (-4.1%) | $1,600 – $2,163 | 76 |
| 2BR | $1,575 | −$425 (-21.3%) | −$420 (-21.1%) | $1,388 – $1,911 | 3 |
| 3BR | $2,395 | +$85 (+3.7%) | $0 (0.0%) | $2,395 – $2,395 | 1 |
| 3BR | $2,395 | +$85 (+3.7%) | $0 (0.0%) | $2,310 – $2,395 | 98 |
| 4BR | $2,820 | $0 (0.0%) | −$480 (-14.5%) | $2,820 – $2,820 | 1 |
| 4BR | $2,820 | $0 (0.0%) | −$480 (-14.5%) | $2,820 – $2,820 | 23 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Portage Park vs. Chicago — May 2024
| Bedrooms | Portage Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,225 | $1,196 | +$29 (+2.4%) |
| Studio | $1,225 | $1,196 | +$29 (+2.4%) |
| 1BR | $1,100 | $1,503 | −$402 (-26.8%) |
| 1BR | $1,285 | $1,503 | −$217 (-14.5%) |
| 2BR | $1,913 | $1,825 | +$88 (+4.8%) |
| 2BR | $1,575 | $1,825 | −$250 (-13.7%) |
| 3BR | $2,395 | $2,236 | +$159 (+7.1%) |
| 3BR | $2,395 | $2,236 | +$159 (+7.1%) |
| 4BR | $2,820 | $2,725 | +$95 (+3.5%) |
| 4BR | $2,820 | $2,725 | +$95 (+3.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.