Monthly Rent Report
South Chicago Rent Report — June 2023
Asking rents in ZIP 60617, Chicago, from 260 listings.
Median 1BR rent in South Chicago was $925 in June 2023, up 16.4% (+$130) from May 2023 and down 15.5% year-over-year. The middle half of 1BR listings asked between $850 and $1,050. That puts South Chicago $475 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 260 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,000 | +$330 (+49.3%) | +$290 (+40.8%) | $1,000 – $1,000 | 1 |
| Studio | $1,000 | +$330 (+49.3%) | +$290 (+40.8%) | $665 – $1,000 | 9 |
| 1BR | $925 | +$130 (+16.4%) | −$170 (-15.5%) | $850 – $1,050 | 9 |
| 1BR | $900 | +$105 (+13.2%) | −$195 (-17.8%) | $850 – $975 | 37 |
| 2BR | $1,148 | −$152 (-11.7%) | +$23 (+2.0%) | $1,071 – $1,224 | 2 |
| 2BR | $1,290 | −$10 (-0.8%) | +$165 (+14.7%) | $1,075 – $1,333 | 86 |
| 3BR | $1,495 | +$18 (+1.2%) | +$295 (+24.6%) | $1,325 – $1,725 | 70 |
| 3BR | $1,144 | −$333 (-22.6%) | −$56 (-4.7%) | $1,144 – $1,144 | 1 |
| 4BR | $1,800 | +$200 (+12.5%) | +$150 (+9.1%) | $1,800 – $1,800 | 1 |
| 4BR | $1,650 | +$50 (+3.1%) | $0 (0.0%) | $1,500 – $1,900 | 21 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
South Chicago vs. Chicago — June 2023
| Bedrooms | South Chicago Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,000 | $1,243 | −$242 (-19.5%) |
| Studio | $1,000 | $1,243 | −$242 (-19.5%) |
| 1BR | $925 | $1,400 | −$475 (-33.9%) |
| 1BR | $900 | $1,400 | −$500 (-35.7%) |
| 2BR | $1,148 | $1,700 | −$552 (-32.5%) |
| 2BR | $1,290 | $1,700 | −$410 (-24.1%) |
| 3BR | $1,495 | $2,275 | −$780 (-34.3%) |
| 3BR | $1,144 | $2,275 | −$1,131 (-49.7%) |
| 4BR | $1,800 | $2,500 | −$700 (-28.0%) |
| 4BR | $1,650 | $2,500 | −$850 (-34.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2023.