Monthly Rent Report
South Chicago Rent Report — December 2024
Asking rents in ZIP 60617, Chicago, from 121 listings.
Median 1BR rent in South Chicago was $950 in December 2024, down 43.7% (−$736) from November 2024 and up 5.6% year-over-year. The middle half of 1BR listings asked between $950 and $950. That puts South Chicago $700 below the Chicago citywide 1BR median of $1,650. The month's figures are based on 121 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2024 | Vs. December 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,350 | −$50 (-3.6%) | +$600 (+80.0%) | $1,225 – $1,388 | 8 |
| 1BR | $950 | −$736 (-43.7%) | +$50 (+5.6%) | $950 – $950 | 1 |
| 1BR | $1,000 | −$686 (-40.7%) | +$100 (+11.1%) | $1,000 – $1,050 | 9 |
| 2BR | $1,100 | −$243 (-18.1%) | −$250 (-18.5%) | $1,100 – $1,100 | 1 |
| 2BR | $1,350 | +$7 (+0.5%) | $0 (0.0%) | $1,188 – $1,513 | 40 |
| 3BR | $1,675 | −$575 (-25.6%) | −$25 (-1.5%) | $1,438 – $1,850 | 26 |
| 3BR | $1,450 | −$800 (-35.6%) | −$250 (-14.7%) | $1,425 – $1,475 | 2 |
| 4BR | $2,720 | +$620 (+29.5%) | +$520 (+23.6%) | $2,720 – $2,720 | 1 |
| 4BR | $2,200 | +$100 (+4.8%) | $0 (0.0%) | $2,000 – $2,500 | 21 |
Median, P25, and P75 are asking rents from listings posted in December 2024. Changes compare against the nearest prior month with data.
South Chicago vs. Chicago — December 2024
| Bedrooms | South Chicago Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,350 | $1,385 | −$35 (-2.5%) |
| 1BR | $950 | $1,650 | −$700 (-42.4%) |
| 1BR | $1,000 | $1,650 | −$650 (-39.4%) |
| 2BR | $1,100 | $1,953 | −$852 (-43.7%) |
| 2BR | $1,350 | $1,953 | −$602 (-30.9%) |
| 3BR | $1,675 | $2,395 | −$720 (-30.1%) |
| 3BR | $1,450 | $2,395 | −$945 (-39.5%) |
| 4BR | $2,720 | $2,850 | −$130 (-4.6%) |
| 4BR | $2,200 | $2,850 | −$650 (-22.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2024.