Monthly Rent Report
South Chicago Rent Report — August 2024
Asking rents in ZIP 60617, Chicago, from 26 listings.
Median 1BR rent in South Chicago was $1,200 in August 2024, up 12.9% (+$138) from July 2024 and up 29.7% year-over-year. The middle half of 1BR listings asked between $1,200 and $1,200. That puts South Chicago $338 below the Chicago citywide 1BR median of $1,538. The month's figures are based on 26 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $715 | −$67 (-8.6%) | −$95 (-11.7%) | $695 – $823 | 15 |
| 1BR | $1,200 | +$138 (+12.9%) | +$275 (+29.7%) | $1,200 – $1,200 | 1 |
| 2BR | $1,686 | +$711 (+72.9%) | +$686 (+68.6%) | $1,686 – $1,686 | 1 |
| 3BR | $1,250 | −$245 (-16.4%) | +$150 (+13.6%) | $1,250 – $1,250 | 1 |
| 3BR | $1,700 | +$205 (+13.7%) | +$600 (+54.5%) | $1,700 – $1,700 | 1 |
| 4BR | $2,000 | +$200 (+11.1%) | +$600 (+42.9%) | $2,000 – $2,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
South Chicago vs. Chicago — August 2024
| Bedrooms | South Chicago Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $715 | $1,190 | −$475 (-39.9%) |
| 1BR | $1,200 | $1,538 | −$338 (-22.0%) |
| 2BR | $1,686 | $1,823 | −$136 (-7.5%) |
| 3BR | $1,250 | $2,300 | −$1,050 (-45.7%) |
| 3BR | $1,700 | $2,300 | −$600 (-26.1%) |
| 4BR | $2,000 | $2,995 | −$995 (-33.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2024.