Monthly Rent Report
South Chicago Rent Report — May 2024
Asking rents in ZIP 60617, Chicago, from 450 listings.
Median 1BR rent in South Chicago was $1,150 in May 2024, up 24.3% (+$225) from April 2024 and up 44.7% year-over-year. The middle half of 1BR listings asked between $1,150 and $1,150. That puts South Chicago $353 below the Chicago citywide 1BR median of $1,503. The month's figures are based on 450 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $685 | $0 (0.0%) | +$15 (+2.2%) | $675 – $770 | 21 |
| Studio | $685 | $0 (0.0%) | +$15 (+2.2%) | $675 – $770 | 21 |
| 1BR | $1,150 | +$225 (+24.3%) | +$355 (+44.7%) | $1,150 – $1,150 | 1 |
| 1BR | $920 | −$5 (-0.5%) | +$125 (+15.7%) | $890 – $950 | 59 |
| 2BR | $975 | −$225 (-18.8%) | −$242 (-19.9%) | $975 – $975 | 1 |
| 2BR | $1,250 | +$50 (+4.2%) | +$33 (+2.7%) | $1,100 – $1,300 | 149 |
| 3BR | $1,550 | +$100 (+6.9%) | +$225 (+17.0%) | $1,475 – $1,625 | 2 |
| 3BR | $1,600 | +$150 (+10.3%) | +$275 (+20.8%) | $1,495 – $1,731 | 116 |
| 4BR | $1,800 | −$50 (-2.7%) | +$200 (+12.5%) | $1,725 – $2,200 | 37 |
| 4BR | $1,750 | −$100 (-5.4%) | +$150 (+9.4%) | $1,750 – $1,750 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
South Chicago vs. Chicago — May 2024
| Bedrooms | South Chicago Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $685 | $1,196 | −$511 (-42.7%) |
| Studio | $685 | $1,196 | −$511 (-42.7%) |
| 1BR | $1,150 | $1,503 | −$352 (-23.5%) |
| 1BR | $920 | $1,503 | −$582 (-38.8%) |
| 2BR | $975 | $1,825 | −$850 (-46.6%) |
| 2BR | $1,250 | $1,825 | −$575 (-31.5%) |
| 3BR | $1,550 | $2,236 | −$686 (-30.7%) |
| 3BR | $1,600 | $2,236 | −$636 (-28.4%) |
| 4BR | $1,800 | $2,725 | −$925 (-33.9%) |
| 4BR | $1,750 | $2,725 | −$975 (-35.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.