Monthly Rent Report
South Chicago Rent Report — December 2023
Asking rents in ZIP 60617, Chicago, from 62 listings.
Median 1BR rent in South Chicago was $900 in December 2023, down 2.2% (−$20) from November 2023 and down 18.2% year-over-year. The middle half of 1BR listings asked between $900 and $900. That puts South Chicago $555 below the Chicago citywide 1BR median of $1,455. The month's figures are based on 62 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $750 | $0 (0.0%) | −$42 (-5.4%) | $713 – $838 | 3 |
| Studio | $713 | −$37 (-5.0%) | −$80 (-10.1%) | $675 – $794 | 8 |
| 1BR | $900 | −$20 (-2.2%) | −$200 (-18.2%) | $900 – $900 | 1 |
| 1BR | $1,177 | +$257 (+27.9%) | +$77 (+7.0%) | $1,177 – $1,177 | 4 |
| 2BR | $1,350 | +$150 (+12.5%) | +$325 (+31.7%) | $1,350 – $1,400 | 22 |
| 2BR | $1,175 | −$25 (-2.1%) | +$150 (+14.6%) | $1,175 – $1,175 | 1 |
| 3BR | $1,700 | +$450 (+36.0%) | +$225 (+15.3%) | $1,700 – $1,700 | 3 |
| 3BR | $1,700 | +$450 (+36.0%) | +$225 (+15.3%) | $1,263 – $1,850 | 14 |
| 4BR | $2,200 | +$138 (+6.7%) | +$650 (+41.9%) | $2,200 – $2,200 | 1 |
| 4BR | $1,900 | −$162 (-7.9%) | +$350 (+22.6%) | $1,775 – $1,900 | 3 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
South Chicago vs. Chicago — December 2023
| Bedrooms | South Chicago Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $750 | $1,218 | −$467 (-38.4%) |
| Studio | $713 | $1,218 | −$505 (-41.5%) |
| 1BR | $900 | $1,455 | −$555 (-38.1%) |
| 1BR | $1,177 | $1,455 | −$278 (-19.1%) |
| 2BR | $1,350 | $1,800 | −$450 (-25.0%) |
| 2BR | $1,175 | $1,800 | −$625 (-34.7%) |
| 3BR | $1,700 | $2,472 | −$772 (-31.2%) |
| 3BR | $1,700 | $2,472 | −$772 (-31.2%) |
| 4BR | $2,200 | $2,630 | −$430 (-16.3%) |
| 4BR | $1,900 | $2,630 | −$730 (-27.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2023.