Monthly Rent Report
South Chicago Rent Report — May 2023
Asking rents in ZIP 60617, Chicago, from 319 listings.
Median 1BR rent in South Chicago was $950 in May 2023, flat versus April 2023 and up 18.8% year-over-year. The middle half of 1BR listings asked between $895 and $1,050. That puts South Chicago $450 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 319 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $670 | −$380 (-36.2%) | −$145 (-17.8%) | $665 – $1,050 | 5 |
| Studio | $665 | −$385 (-36.7%) | −$150 (-18.4%) | $665 – $665 | 2 |
| 1BR | $950 | $0 (0.0%) | +$150 (+18.8%) | $895 – $1,050 | 50 |
| 1BR | $795 | −$155 (-16.3%) | −$5 (-0.6%) | $795 – $795 | 1 |
| 2BR | $1,300 | +$100 (+8.3%) | +$400 (+44.4%) | $1,300 – $1,300 | 1 |
| 2BR | $1,217 | +$17 (+1.4%) | +$317 (+35.2%) | $1,050 – $1,300 | 104 |
| 3BR | $1,478 | −$17 (-1.2%) | −$12 (-0.8%) | $1,300 – $1,650 | 100 |
| 3BR | $1,325 | −$170 (-11.4%) | −$165 (-11.1%) | $1,325 – $1,325 | 1 |
| 4BR | $1,600 | −$25 (-1.5%) | +$5 (+0.3%) | $1,575 – $1,625 | 2 |
| 4BR | $1,600 | −$25 (-1.5%) | +$5 (+0.3%) | $1,525 – $1,663 | 23 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
South Chicago vs. Chicago — May 2023
| Bedrooms | South Chicago Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $670 | $1,200 | −$530 (-44.2%) |
| Studio | $665 | $1,200 | −$535 (-44.6%) |
| 1BR | $950 | $1,400 | −$450 (-32.1%) |
| 1BR | $795 | $1,400 | −$605 (-43.2%) |
| 2BR | $1,300 | $1,698 | −$397 (-23.4%) |
| 2BR | $1,217 | $1,698 | −$480 (-28.3%) |
| 3BR | $1,478 | $2,300 | −$822 (-35.8%) |
| 3BR | $1,325 | $2,300 | −$975 (-42.4%) |
| 4BR | $1,600 | $2,548 | −$947 (-37.2%) |
| 4BR | $1,600 | $2,548 | −$947 (-37.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.