Monthly Rent Report
South Chicago Rent Report — October 2023
Asking rents in ZIP 60617, Chicago, from 120 listings.
Median 1BR rent in South Chicago was $945 in October 2023, up 9.4% (+$81) from September 2023 and down 0.5% year-over-year. The middle half of 1BR listings asked between $820 and $1,050. That puts South Chicago $530 below the Chicago citywide 1BR median of $1,475. The month's figures are based on 120 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $665 | +$20 (+3.1%) | −$255 (-27.7%) | $625 – $750 | 13 |
| Studio | $750 | +$105 (+16.3%) | −$170 (-18.5%) | $750 – $750 | 5 |
| 1BR | $945 | +$81 (+9.4%) | −$5 (-0.5%) | $820 – $1,050 | 17 |
| 1BR | $1,250 | +$386 (+44.7%) | +$300 (+31.6%) | $1,250 – $1,250 | 2 |
| 2BR | $1,100 | −$100 (-8.3%) | +$105 (+10.6%) | $1,100 – $1,200 | 3 |
| 2BR | $1,250 | +$50 (+4.2%) | +$255 (+25.6%) | $1,250 – $1,250 | 1 |
| 3BR | $1,400 | −$1,250 (-47.2%) | $0 (0.0%) | $1,400 – $1,400 | 12 |
| 3BR | $1,400 | −$1,250 (-47.2%) | $0 (0.0%) | $1,350 – $1,450 | 2 |
| 4BR | $1,650 | +$43 (+2.6%) | −$90 (-5.2%) | $1,650 – $1,650 | 1 |
| 4BR | $2,400 | +$793 (+49.3%) | +$660 (+37.9%) | $1,690 – $2,500 | 18 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
South Chicago vs. Chicago — October 2023
| Bedrooms | South Chicago Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $665 | $1,200 | −$535 (-44.6%) |
| Studio | $750 | $1,200 | −$450 (-37.5%) |
| 1BR | $945 | $1,475 | −$530 (-35.9%) |
| 1BR | $1,250 | $1,475 | −$225 (-15.3%) |
| 2BR | $1,100 | $1,800 | −$700 (-38.9%) |
| 2BR | $1,250 | $1,800 | −$550 (-30.6%) |
| 3BR | $1,400 | $2,450 | −$1,050 (-42.9%) |
| 3BR | $1,400 | $2,450 | −$1,050 (-42.9%) |
| 4BR | $1,650 | $2,575 | −$925 (-35.9%) |
| 4BR | $2,400 | $2,575 | −$175 (-6.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2023.