Monthly Rent Report
South Chicago Rent Report — July 2023
Asking rents in ZIP 60617, Chicago, from 139 listings.
Median 1BR rent in South Chicago was $913 in July 2023, down 1.4% (−$12) from June 2023 and up 1.4% year-over-year. The middle half of 1BR listings asked between $854 and $988. That puts South Chicago $538 below the Chicago citywide 1BR median of $1,450. The month's figures are based on 139 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $975 | −$25 (-2.5%) | +$195 (+25.0%) | $975 – $975 | 1 |
| Studio | $1,048 | +$48 (+4.8%) | +$268 (+34.3%) | $846 – $1,249 | 2 |
| 1BR | $913 | −$12 (-1.4%) | +$13 (+1.4%) | $854 – $988 | 18 |
| 1BR | $985 | +$60 (+6.5%) | +$85 (+9.4%) | $978 – $993 | 2 |
| 2BR | $1,288 | +$140 (+12.2%) | +$38 (+3.0%) | $1,063 – $1,300 | 50 |
| 2BR | $1,280 | +$133 (+11.5%) | +$30 (+2.4%) | $1,280 – $1,315 | 3 |
| 3BR | $1,495 | $0 (0.0%) | +$95 (+6.8%) | $1,350 – $1,725 | 33 |
| 3BR | $1,200 | −$295 (-19.7%) | −$200 (-14.3%) | $1,200 – $1,200 | 1 |
| 4BR | $2,050 | +$400 (+24.2%) | +$300 (+17.1%) | $1,950 – $2,200 | 5 |
| 4BR | $1,800 | +$150 (+9.1%) | +$50 (+2.9%) | $1,800 – $1,800 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
South Chicago vs. Chicago — July 2023
| Bedrooms | South Chicago Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $975 | $1,200 | −$225 (-18.8%) |
| Studio | $1,048 | $1,200 | −$152 (-12.7%) |
| 1BR | $913 | $1,450 | −$537 (-37.1%) |
| 1BR | $985 | $1,450 | −$465 (-32.1%) |
| 2BR | $1,288 | $1,795 | −$507 (-28.3%) |
| 2BR | $1,280 | $1,795 | −$515 (-28.7%) |
| 3BR | $1,495 | $2,273 | −$777 (-34.2%) |
| 3BR | $1,200 | $2,273 | −$1,072 (-47.2%) |
| 4BR | $2,050 | $2,709 | −$658 (-24.3%) |
| 4BR | $1,800 | $2,709 | −$908 (-33.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2023.