Monthly Rent Report
South Chicago Rent Report — July 2024
Asking rents in ZIP 60617, Chicago, from 150 listings.
Median 1BR rent in South Chicago was $1,063 in July 2024, down 46.9% (−$937) from June 2024 and up 16.4% year-over-year. The middle half of 1BR listings asked between $906 and $1,219. That puts South Chicago $498 below the Chicago citywide 1BR median of $1,560. The month's figures are based on 150 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $783 | +$34 (+4.5%) | −$265 (-25.3%) | $749 – $816 | 2 |
| Studio | $695 | −$54 (-7.2%) | −$352 (-33.7%) | $688 – $795 | 7 |
| 1BR | $1,063 | −$937 (-46.9%) | +$150 (+16.4%) | $906 – $1,219 | 2 |
| 1BR | $1,000 | −$1,000 (-50.0%) | +$88 (+9.6%) | $1,000 – $1,000 | 4 |
| 2BR | $975 | −$575 (-37.1%) | −$312 (-24.3%) | $975 – $975 | 1 |
| 2BR | $1,235 | −$315 (-20.3%) | −$52 (-4.1%) | $994 – $1,290 | 48 |
| 3BR | $1,600 | +$200 (+14.3%) | +$105 (+7.0%) | $1,600 – $1,600 | 1 |
| 3BR | $1,495 | +$95 (+6.8%) | $0 (0.0%) | $1,484 – $1,725 | 48 |
| 4BR | $1,800 | +$400 (+28.6%) | $0 (0.0%) | $1,800 – $2,200 | 10 |
| 4BR | $1,300 | −$100 (-7.1%) | −$500 (-27.8%) | $1,300 – $1,300 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
South Chicago vs. Chicago — July 2024
| Bedrooms | South Chicago Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $783 | $1,218 | −$436 (-35.8%) |
| Studio | $695 | $1,218 | −$523 (-43.0%) |
| 1BR | $1,063 | $1,560 | −$497 (-31.9%) |
| 1BR | $1,000 | $1,560 | −$560 (-35.9%) |
| 2BR | $975 | $1,805 | −$830 (-46.0%) |
| 2BR | $1,235 | $1,805 | −$570 (-31.6%) |
| 3BR | $1,600 | $2,363 | −$762 (-32.3%) |
| 3BR | $1,495 | $2,363 | −$867 (-36.7%) |
| 4BR | $1,800 | $2,789 | −$989 (-35.5%) |
| 4BR | $1,300 | $2,789 | −$1,489 (-53.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2024.