Monthly Rent Report
South Chicago Rent Report — March 2024
Asking rents in ZIP 60617, Chicago, from 318 listings.
Median 1BR rent in South Chicago was $950 in March 2024, down 11.6% (−$125) from February 2024 and unchanged year-over-year. The middle half of 1BR listings asked between $880 and $1,000. That puts South Chicago $555 below the Chicago citywide 1BR median of $1,505. The month's figures are based on 318 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $695 | −$55 (-7.3%) | −$2 (-0.3%) | $675 – $750 | 11 |
| Studio | $850 | +$100 (+13.3%) | +$153 (+22.0%) | $709 – $1,250 | 6 |
| 1BR | $950 | −$125 (-11.6%) | $0 (0.0%) | $880 – $1,000 | 41 |
| 1BR | $950 | −$125 (-11.6%) | $0 (0.0%) | $950 – $950 | 1 |
| 2BR | $1,275 | −$25 (-1.9%) | +$275 (+27.5%) | $1,094 – $1,339 | 92 |
| 2BR | $1,100 | −$200 (-15.4%) | +$100 (+10.0%) | $1,100 – $1,100 | 1 |
| 3BR | $1,400 | −$50 (-3.4%) | +$113 (+8.7%) | $1,400 – $1,400 | 1 |
| 3BR | $1,650 | +$200 (+13.8%) | +$363 (+28.2%) | $1,495 – $1,750 | 106 |
| 4BR | $1,800 | −$100 (-5.3%) | +$100 (+5.9%) | $1,800 – $2,200 | 16 |
| 4BR | $2,000 | +$100 (+5.3%) | +$300 (+17.6%) | $2,000 – $2,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
South Chicago vs. Chicago — March 2024
| Bedrooms | South Chicago Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $695 | $1,225 | −$530 (-43.3%) |
| Studio | $850 | $1,225 | −$375 (-30.6%) |
| 1BR | $950 | $1,505 | −$554 (-36.9%) |
| 1BR | $950 | $1,505 | −$554 (-36.9%) |
| 2BR | $1,275 | $1,900 | −$625 (-32.9%) |
| 2BR | $1,100 | $1,900 | −$800 (-42.1%) |
| 3BR | $1,400 | $2,250 | −$850 (-37.8%) |
| 3BR | $1,650 | $2,250 | −$600 (-26.7%) |
| 4BR | $1,800 | $2,650 | −$850 (-32.1%) |
| 4BR | $2,000 | $2,650 | −$650 (-24.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2024.