Monthly Rent Report
South Chicago Rent Report — February 2024
Asking rents in ZIP 60617, Chicago, from 443 listings.
Median 1BR rent in South Chicago was $1,075 in February 2024, up 13.2% (+$125) from January 2024 and up 13.2% year-over-year. The middle half of 1BR listings asked between $1,075 and $1,075. That puts South Chicago $425 below the Chicago citywide 1BR median of $1,500. The month's figures are based on 443 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $750 | +$70 (+10.3%) | +$21 (+2.9%) | $670 – $950 | 27 |
| Studio | $750 | +$70 (+10.3%) | +$21 (+2.9%) | $750 – $1,450 | 5 |
| 1BR | $1,075 | +$125 (+13.2%) | +$125 (+13.2%) | $1,075 – $1,075 | 1 |
| 1BR | $885 | −$65 (-6.8%) | −$65 (-6.8%) | $835 – $950 | 53 |
| 2BR | $1,250 | +$275 (+28.2%) | +$275 (+28.2%) | $1,045 – $1,335 | 148 |
| 2BR | $1,300 | +$325 (+33.3%) | +$325 (+33.3%) | $1,300 – $1,300 | 1 |
| 3BR | $1,650 | +$550 (+50.0%) | +$175 (+11.9%) | $1,450 – $2,000 | 117 |
| 3BR | $1,450 | +$350 (+31.8%) | −$25 (-1.7%) | $1,450 – $1,450 | 1 |
| 4BR | $1,900 | −$200 (-9.5%) | +$130 (+7.3%) | $1,725 – $2,355 | 41 |
| 4BR | $1,725 | −$375 (-17.9%) | −$45 (-2.5%) | $1,725 – $1,781 | 10 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
South Chicago vs. Chicago — February 2024
| Bedrooms | South Chicago Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $750 | $1,211 | −$461 (-38.1%) |
| Studio | $750 | $1,211 | −$461 (-38.1%) |
| 1BR | $1,075 | $1,500 | −$425 (-28.3%) |
| 1BR | $885 | $1,500 | −$615 (-41.0%) |
| 2BR | $1,250 | $1,813 | −$562 (-31.0%) |
| 2BR | $1,300 | $1,813 | −$512 (-28.3%) |
| 3BR | $1,650 | $2,300 | −$650 (-28.3%) |
| 3BR | $1,450 | $2,300 | −$850 (-37.0%) |
| 4BR | $1,900 | $2,792 | −$891 (-31.9%) |
| 4BR | $1,725 | $2,792 | −$1,066 (-38.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2024.