Monthly Rent Report
South Chicago Rent Report — August 2023
Asking rents in ZIP 60617, Chicago, from 46 listings.
Median 1BR rent in South Chicago was $925 in August 2023, down 6.1% (−$60) from July 2023 and down 16.3% year-over-year. The middle half of 1BR listings asked between $925 and $925. That puts South Chicago $595 below the Chicago citywide 1BR median of $1,520. The month's figures are based on 46 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $810 | −$165 (-16.9%) | +$73 (+9.8%) | $645 – $981 | 4 |
| Studio | $625 | −$350 (-35.9%) | −$112 (-15.3%) | $625 – $625 | 1 |
| 1BR | $925 | −$60 (-6.1%) | −$180 (-16.3%) | $925 – $925 | 1 |
| 1BR | $878 | −$107 (-10.9%) | −$227 (-20.6%) | $814 – $928 | 12 |
| 2BR | $1,220 | −$60 (-4.7%) | +$70 (+6.1%) | $1,210 – $1,230 | 2 |
| 2BR | $1,000 | −$280 (-21.9%) | −$150 (-13.0%) | $1,000 – $1,000 | 6 |
| 3BR | $2,245 | +$750 (+50.2%) | +$995 (+79.6%) | $2,245 – $2,245 | 1 |
| 3BR | $1,100 | −$395 (-26.4%) | −$150 (-12.0%) | $1,100 – $1,100 | 4 |
| 4BR | $1,800 | $0 (0.0%) | +$100 (+5.9%) | $1,648 – $1,800 | 3 |
| 4BR | $1,400 | −$400 (-22.2%) | −$300 (-17.6%) | $1,400 – $1,400 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
South Chicago vs. Chicago — August 2023
| Bedrooms | South Chicago Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $810 | $1,250 | −$440 (-35.2%) |
| Studio | $625 | $1,250 | −$625 (-50.0%) |
| 1BR | $925 | $1,520 | −$595 (-39.1%) |
| 1BR | $878 | $1,520 | −$642 (-42.3%) |
| 2BR | $1,220 | $1,808 | −$587 (-32.5%) |
| 2BR | $1,000 | $1,808 | −$807 (-44.7%) |
| 3BR | $2,245 | $2,395 | −$150 (-6.3%) |
| 3BR | $1,100 | $2,395 | −$1,295 (-54.1%) |
| 4BR | $1,800 | $2,692 | −$892 (-33.1%) |
| 4BR | $1,400 | $2,692 | −$1,292 (-48.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.