Monthly Rent Report
South Chicago Rent Report — April 2023
Asking rents in ZIP 60617, Chicago, from 435 listings.
Median 1BR rent in South Chicago was $1,100 in April 2023, up 15.8% (+$150) from March 2023 and up 22.9% year-over-year. The middle half of 1BR listings asked between $1,100 and $1,100. That puts South Chicago $325 below the Chicago citywide 1BR median of $1,425. The month's figures are based on 435 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,050 | +$353 (+50.6%) | +$225 (+27.3%) | $665 – $1,150 | 8 |
| Studio | $1,050 | +$353 (+50.6%) | +$225 (+27.3%) | $665 – $1,150 | 8 |
| 1BR | $1,100 | +$150 (+15.8%) | +$205 (+22.9%) | $1,100 – $1,100 | 2 |
| 1BR | $950 | $0 (0.0%) | +$55 (+6.1%) | $900 – $975 | 92 |
| 2BR | $1,200 | −$260 (-17.8%) | +$125 (+11.6%) | $1,000 – $1,290 | 143 |
| 2BR | $1,420 | −$40 (-2.7%) | +$345 (+32.1%) | $1,405 – $1,435 | 2 |
| 3BR | $1,325 | +$38 (+2.9%) | +$25 (+1.9%) | $1,325 – $1,325 | 1 |
| 3BR | $1,495 | +$208 (+16.1%) | +$195 (+15.0%) | $1,350 – $1,600 | 133 |
| 4BR | $1,650 | −$25 (-1.5%) | +$28 (+1.7%) | $1,650 – $1,650 | 1 |
| 4BR | $1,625 | −$50 (-3.0%) | +$3 (+0.2%) | $1,550 – $1,794 | 28 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
South Chicago vs. Chicago — April 2023
| Bedrooms | South Chicago Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,050 | $1,195 | −$145 (-12.1%) |
| Studio | $1,050 | $1,195 | −$145 (-12.1%) |
| 1BR | $1,100 | $1,425 | −$325 (-22.8%) |
| 1BR | $950 | $1,425 | −$475 (-33.3%) |
| 2BR | $1,200 | $1,725 | −$525 (-30.4%) |
| 2BR | $1,420 | $1,725 | −$305 (-17.7%) |
| 3BR | $1,325 | $2,300 | −$975 (-42.4%) |
| 3BR | $1,495 | $2,300 | −$805 (-35.0%) |
| 4BR | $1,650 | $2,597 | −$947 (-36.5%) |
| 4BR | $1,625 | $2,597 | −$972 (-37.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2023.