Monthly Rent Report
South Chicago Rent Report — September 2024
Asking rents in ZIP 60617, Chicago, from 19 listings.
Median 1BR rent in South Chicago was $900 in September 2024, down 25.0% (−$300) from August 2024 and down 20.0% year-over-year. The middle half of 1BR listings asked between $900 and $900. That puts South Chicago $595 below the Chicago citywide 1BR median of $1,495. The month's figures are based on 19 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2024 | Vs. September 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $705 | −$10 (-1.4%) | +$60 (+9.3%) | $705 – $1,100 | 7 |
| 1BR | $900 | −$300 (-25.0%) | −$225 (-20.0%) | $900 – $900 | 2 |
| 1BR | $1,250 | +$50 (+4.2%) | +$125 (+11.1%) | $1,250 – $1,250 | 1 |
| 2BR | $1,503 | −$183 (-10.9%) | +$253 (+20.2%) | $1,455 – $1,550 | 4 |
| 2BR | $1,550 | −$136 (-8.1%) | +$300 (+24.0%) | $1,550 – $1,550 | 1 |
| 3BR | $1,650 | −$50 (-2.9%) | −$1,000 (-37.7%) | $1,575 – $1,725 | 2 |
| 4BR | $1,800 | −$200 (-10.0%) | +$193 (+12.0%) | $1,800 – $1,800 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2024. Changes compare against the nearest prior month with data.
South Chicago vs. Chicago — September 2024
| Bedrooms | South Chicago Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $705 | $1,195 | −$490 (-41.0%) |
| 1BR | $900 | $1,495 | −$595 (-39.8%) |
| 1BR | $1,250 | $1,495 | −$245 (-16.4%) |
| 2BR | $1,503 | $1,843 | −$340 (-18.5%) |
| 2BR | $1,550 | $1,843 | −$292 (-15.9%) |
| 3BR | $1,650 | $2,350 | −$700 (-29.8%) |
| 4BR | $1,800 | $2,750 | −$950 (-34.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2024.