Monthly Rent Report
South Chicago Rent Report — June 2024
Asking rents in ZIP 60617, Chicago, from 276 listings.
Median 1BR rent in South Chicago was $900 in June 2024, down 2.2% (−$20) from May 2024 and unchanged year-over-year. The middle half of 1BR listings asked between $890 and $975. That puts South Chicago $599 below the Chicago citywide 1BR median of $1,499. The month's figures are based on 276 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $749 | +$64 (+9.3%) | −$251 (-25.1%) | $680 – $1,350 | 27 |
| Studio | $950 | +$265 (+38.7%) | −$50 (-5.0%) | $950 – $950 | 1 |
| 1BR | $900 | −$20 (-2.2%) | $0 (0.0%) | $890 – $975 | 67 |
| 1BR | $2,000 | +$1,080 (+117.4%) | +$1,100 (+122.2%) | $2,000 – $2,000 | 1 |
| 2BR | $1,100 | +$125 (+12.8%) | −$190 (-14.7%) | $1,100 – $1,100 | 1 |
| 2BR | $1,550 | +$575 (+59.0%) | +$260 (+20.2%) | $1,550 – $1,550 | 3 |
| 3BR | $1,400 | −$200 (-12.5%) | +$256 (+22.4%) | $1,400 – $1,400 | 1 |
| 3BR | $1,700 | +$100 (+6.3%) | +$556 (+48.6%) | $1,495 – $1,775 | 125 |
| 4BR | $1,900 | +$150 (+8.6%) | +$100 (+5.6%) | $1,800 – $2,000 | 6 |
| 4BR | $1,400 | −$350 (-20.0%) | −$400 (-22.2%) | $1,400 – $1,435 | 3 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
South Chicago vs. Chicago — June 2024
| Bedrooms | South Chicago Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $749 | $1,149 | −$400 (-34.8%) |
| Studio | $950 | $1,149 | −$199 (-17.3%) |
| 1BR | $900 | $1,499 | −$599 (-39.9%) |
| 1BR | $2,000 | $1,499 | +$501 (+33.4%) |
| 2BR | $1,100 | $1,899 | −$799 (-42.1%) |
| 2BR | $1,550 | $1,899 | −$349 (-18.4%) |
| 3BR | $1,400 | $2,395 | −$995 (-41.5%) |
| 3BR | $1,700 | $2,395 | −$695 (-29.0%) |
| 4BR | $1,900 | $2,698 | −$797 (-29.6%) |
| 4BR | $1,400 | $2,698 | −$1,297 (-48.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2024.