Monthly Rent Report
South Chicago Rent Report — September 2023
Asking rents in ZIP 60617, Chicago, from 39 listings.
Median 1BR rent in South Chicago was $1,125 in September 2023, up 21.6% (+$200) from August 2023 and up 18.4% year-over-year. The middle half of 1BR listings asked between $1,125 and $1,125. That puts South Chicago $325 below the Chicago citywide 1BR median of $1,450. The month's figures are based on 39 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $645 | −$165 (-20.4%) | −$275 (-29.9%) | $645 – $645 | 1 |
| Studio | $645 | −$165 (-20.4%) | −$275 (-29.9%) | $645 – $645 | 2 |
| 1BR | $1,125 | +$200 (+21.6%) | +$175 (+18.4%) | $1,125 – $1,125 | 1 |
| 1BR | $864 | −$61 (-6.6%) | −$86 (-9.1%) | $859 – $911 | 10 |
| 2BR | $1,250 | +$30 (+2.5%) | +$75 (+6.4%) | $1,100 – $1,255 | 9 |
| 2BR | $1,200 | −$20 (-1.6%) | +$25 (+2.1%) | $1,075 – $1,210 | 3 |
| 3BR | $1,350 | −$895 (-39.9%) | −$200 (-12.9%) | $1,350 – $1,350 | 1 |
| 3BR | $2,650 | +$405 (+18.0%) | +$1,100 (+71.0%) | $2,650 – $2,650 | 2 |
| 4BR | $1,608 | +$208 (+14.8%) | +$15 (+0.9%) | $1,511 – $1,704 | 2 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
South Chicago vs. Chicago — September 2023
| Bedrooms | South Chicago Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $645 | $1,238 | −$592 (-47.9%) |
| Studio | $645 | $1,238 | −$592 (-47.9%) |
| 1BR | $1,125 | $1,450 | −$325 (-22.4%) |
| 1BR | $864 | $1,450 | −$586 (-40.4%) |
| 2BR | $1,250 | $1,738 | −$487 (-28.1%) |
| 2BR | $1,200 | $1,738 | −$537 (-30.9%) |
| 3BR | $1,350 | $2,327 | −$977 (-42.0%) |
| 3BR | $2,650 | $2,327 | +$323 (+13.9%) |
| 4BR | $1,608 | $2,783 | −$1,175 (-42.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2023.