Monthly Rent Report
South Chicago Rent Report — November 2023
Asking rents in ZIP 60617, Chicago, from 148 listings.
Median 1BR rent in South Chicago was $873 in November 2023, down 30.2% (−$377) from October 2023 and down 31.1% year-over-year. The middle half of 1BR listings asked between $821 and $875. That puts South Chicago $631 below the Chicago citywide 1BR median of $1,504. The month's figures are based on 148 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $750 | +$85 (+12.8%) | −$145 (-16.2%) | $675 – $750 | 5 |
| Studio | $750 | +$85 (+12.8%) | −$145 (-16.2%) | $675 – $750 | 5 |
| 1BR | $873 | −$377 (-30.2%) | −$394 (-31.1%) | $821 – $875 | 6 |
| 1BR | $920 | −$330 (-26.4%) | −$347 (-27.4%) | $855 – $963 | 75 |
| 2BR | $1,200 | −$50 (-4.0%) | −$196 (-14.0%) | $1,200 – $1,200 | 1 |
| 2BR | $1,380 | +$130 (+10.4%) | −$16 (-1.1%) | $1,380 – $1,380 | 9 |
| 3BR | $1,250 | −$150 (-10.7%) | −$350 (-21.9%) | $1,250 – $1,250 | 3 |
| 3BR | $1,250 | −$150 (-10.7%) | −$350 (-21.9%) | $1,250 – $1,250 | 6 |
| 4BR | $2,062 | −$338 (-14.1%) | −$163 (-7.3%) | $1,781 – $2,343 | 2 |
| 4BR | $1,650 | −$750 (-31.3%) | −$575 (-25.8%) | $1,470 – $1,675 | 11 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
South Chicago vs. Chicago — November 2023
| Bedrooms | South Chicago Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $750 | $1,160 | −$410 (-35.3%) |
| Studio | $750 | $1,160 | −$410 (-35.3%) |
| 1BR | $873 | $1,504 | −$631 (-42.0%) |
| 1BR | $920 | $1,504 | −$583 (-38.8%) |
| 2BR | $1,200 | $1,800 | −$600 (-33.3%) |
| 2BR | $1,380 | $1,800 | −$420 (-23.3%) |
| 3BR | $1,250 | $2,298 | −$1,047 (-45.6%) |
| 3BR | $1,250 | $2,298 | −$1,047 (-45.6%) |
| 4BR | $2,062 | $2,750 | −$688 (-25.0%) |
| 4BR | $1,650 | $2,750 | −$1,100 (-40.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2023.