Monthly Rent Report
South Chicago Rent Report — January 2024
Asking rents in ZIP 60617, Chicago, from 197 listings.
Median 1BR rent in South Chicago was $950 in January 2024, up 5.6% (+$50) from December 2023 and up 11.8% year-over-year. The middle half of 1BR listings asked between $849 and $950. That puts South Chicago $567 below the Chicago citywide 1BR median of $1,517. The month's figures are based on 197 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $695 | −$17 (-2.5%) | +$15 (+2.2%) | $695 – $695 | 1 |
| Studio | $680 | −$32 (-4.6%) | $0 (0.0%) | $655 – $925 | 5 |
| 1BR | $950 | +$50 (+5.6%) | +$100 (+11.8%) | $849 – $950 | 12 |
| 1BR | $950 | +$50 (+5.6%) | +$100 (+11.8%) | $850 – $950 | 15 |
| 2BR | $1,270 | +$95 (+8.1%) | +$315 (+33.0%) | $1,100 – $1,418 | 68 |
| 2BR | $975 | −$200 (-17.0%) | +$20 (+2.1%) | $975 – $975 | 1 |
| 3BR | $1,650 | −$50 (-2.9%) | +$200 (+13.8%) | $1,495 – $1,725 | 40 |
| 3BR | $1,100 | −$600 (-35.3%) | −$350 (-24.1%) | $1,100 – $1,100 | 1 |
| 4BR | $1,800 | −$100 (-5.3%) | −$200 (-10.0%) | $1,800 – $1,800 | 1 |
| 4BR | $2,100 | +$200 (+10.5%) | +$100 (+5.0%) | $1,800 – $2,355 | 22 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
South Chicago vs. Chicago — January 2024
| Bedrooms | South Chicago Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $695 | $1,225 | −$530 (-43.3%) |
| Studio | $680 | $1,225 | −$545 (-44.5%) |
| 1BR | $950 | $1,517 | −$567 (-37.4%) |
| 1BR | $950 | $1,517 | −$567 (-37.4%) |
| 2BR | $1,270 | $1,800 | −$530 (-29.4%) |
| 2BR | $975 | $1,800 | −$825 (-45.8%) |
| 3BR | $1,650 | $2,300 | −$650 (-28.3%) |
| 3BR | $1,100 | $2,300 | −$1,200 (-52.2%) |
| 4BR | $1,800 | $2,792 | −$991 (-35.5%) |
| 4BR | $2,100 | $2,792 | −$691 (-24.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2024.