Monthly Rent Report
South Chicago Rent Report — April 2024
Asking rents in ZIP 60617, Chicago, from 432 listings.
Median 1BR rent in South Chicago was $925 in April 2024, down 2.6% (−$25) from March 2024 and down 2.6% year-over-year. The middle half of 1BR listings asked between $890 and $1,000. That puts South Chicago $575 below the Chicago citywide 1BR median of $1,500. The month's figures are based on 432 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $685 | −$165 (-19.4%) | −$365 (-34.8%) | $675 – $734 | 14 |
| Studio | $685 | −$165 (-19.4%) | −$365 (-34.8%) | $684 – $1,350 | 12 |
| 1BR | $925 | −$25 (-2.6%) | −$25 (-2.6%) | $890 – $1,000 | 33 |
| 1BR | $903 | −$47 (-5.0%) | −$47 (-5.0%) | $890 – $948 | 36 |
| 2BR | $1,290 | +$15 (+1.2%) | −$130 (-9.2%) | $1,200 – $1,375 | 116 |
| 2BR | $1,200 | −$75 (-5.9%) | −$220 (-15.5%) | $1,200 – $1,200 | 1 |
| 3BR | $1,713 | +$313 (+22.3%) | +$218 (+14.5%) | $1,450 – $1,813 | 100 |
| 3BR | $1,450 | +$50 (+3.6%) | −$45 (-3.0%) | $1,450 – $1,450 | 1 |
| 4BR | $1,825 | −$175 (-8.8%) | +$200 (+12.3%) | $1,763 – $2,313 | 22 |
| 4BR | $1,850 | −$150 (-7.5%) | +$225 (+13.8%) | $1,750 – $2,300 | 41 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
South Chicago vs. Chicago — April 2024
| Bedrooms | South Chicago Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $685 | $1,222 | −$537 (-43.9%) |
| Studio | $685 | $1,222 | −$537 (-43.9%) |
| 1BR | $925 | $1,500 | −$575 (-38.3%) |
| 1BR | $903 | $1,500 | −$597 (-39.8%) |
| 2BR | $1,290 | $1,850 | −$560 (-30.3%) |
| 2BR | $1,200 | $1,850 | −$650 (-35.1%) |
| 3BR | $1,713 | $2,300 | −$587 (-25.5%) |
| 3BR | $1,450 | $2,300 | −$850 (-37.0%) |
| 4BR | $1,825 | $2,800 | −$975 (-34.8%) |
| 4BR | $1,850 | $2,800 | −$950 (-33.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2024.