Monthly Rent Report
West Ridge Rent Report — May 2023
Asking rents in ZIP 60645, Chicago, from 218 listings.
Median 1BR rent in West Ridge was $1,300 in May 2023, up 13.0% (+$150) from April 2023 and up 2.0% year-over-year. The middle half of 1BR listings asked between $1,300 and $1,300. That puts West Ridge $100 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 218 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,025 | +$45 (+4.6%) | −$25 (-2.4%) | $1,025 – $1,025 | 1 |
| Studio | $1,025 | +$45 (+4.6%) | −$25 (-2.4%) | $950 – $1,138 | 11 |
| 1BR | $1,300 | +$150 (+13.0%) | +$25 (+2.0%) | $1,300 – $1,300 | 1 |
| 1BR | $1,125 | −$25 (-2.2%) | −$150 (-11.8%) | $1,071 – $1,300 | 74 |
| 2BR | $1,595 | +$295 (+22.7%) | −$105 (-6.2%) | $1,450 – $1,795 | 89 |
| 2BR | $1,400 | +$100 (+7.7%) | −$300 (-17.6%) | $1,300 – $1,500 | 3 |
| 3BR | $1,950 | −$222 (-10.2%) | +$60 (+3.2%) | $1,950 – $2,925 | 3 |
| 3BR | $2,625 | +$453 (+20.8%) | +$735 (+38.9%) | $1,800 – $3,800 | 32 |
| 4BR | $2,400 | −$1,400 (-36.8%) | — | $2,400 – $2,400 | 1 |
| 4BR | $2,400 | −$1,400 (-36.8%) | — | $2,400 – $2,400 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
West Ridge vs. Chicago — May 2023
| Bedrooms | West Ridge Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,025 | $1,200 | −$175 (-14.6%) |
| Studio | $1,025 | $1,200 | −$175 (-14.6%) |
| 1BR | $1,300 | $1,400 | −$100 (-7.1%) |
| 1BR | $1,125 | $1,400 | −$275 (-19.6%) |
| 2BR | $1,595 | $1,698 | −$102 (-6.0%) |
| 2BR | $1,400 | $1,698 | −$297 (-17.5%) |
| 3BR | $1,950 | $2,300 | −$350 (-15.2%) |
| 3BR | $2,625 | $2,300 | +$325 (+14.1%) |
| 4BR | $2,400 | $2,548 | −$147 (-5.8%) |
| 4BR | $2,400 | $2,548 | −$147 (-5.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.