Monthly Rent Report
South Chicago Rent Report — October 2024
Asking rents in ZIP 60617, Chicago, from 62 listings.
Median 1BR rent in South Chicago was $1,000 in October 2024, down 20.0% (−$250) from September 2024 and up 5.8% year-over-year. The middle half of 1BR listings asked between $1,000 and $1,000. That puts South Chicago $437 below the Chicago citywide 1BR median of $1,437. The month's figures are based on 62 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $705 | $0 (0.0%) | −$45 (-6.0%) | $698 – $705 | 3 |
| 1BR | $1,000 | −$250 (-20.0%) | +$55 (+5.8%) | $1,000 – $1,000 | 1 |
| 1BR | $950 | −$300 (-24.0%) | +$5 (+0.5%) | $950 – $950 | 1 |
| 2BR | $1,500 | −$2 (-0.2%) | +$400 (+36.4%) | $1,500 – $1,500 | 1 |
| 2BR | $1,207 | −$295 (-19.7%) | +$107 (+9.7%) | $1,195 – $1,207 | 17 |
| 3BR | $2,225 | +$575 (+34.8%) | +$825 (+58.9%) | $1,988 – $2,463 | 2 |
| 3BR | $2,600 | +$950 (+57.6%) | +$1,200 (+85.7%) | $1,625 – $2,600 | 6 |
| 4BR | $2,600 | +$800 (+44.4%) | +$950 (+57.6%) | $2,600 – $2,600 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
South Chicago vs. Chicago — October 2024
| Bedrooms | South Chicago Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $705 | $1,298 | −$592 (-45.7%) |
| 1BR | $1,000 | $1,437 | −$436 (-30.4%) |
| 1BR | $950 | $1,437 | −$486 (-33.9%) |
| 2BR | $1,500 | $1,770 | −$269 (-15.2%) |
| 2BR | $1,207 | $1,770 | −$562 (-31.8%) |
| 3BR | $2,225 | $2,305 | −$80 (-3.5%) |
| 3BR | $2,600 | $2,305 | +$295 (+12.8%) |
| 4BR | $2,600 | $2,995 | −$395 (-13.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2024.