Monthly Rent Report
West Ridge Rent Report — August 2023
Asking rents in ZIP 60645, Chicago, from 46 listings.
Median 1BR rent in West Ridge was $1,695 in August 2023, up 22.8% (+$315) from July 2023 and up 54.8% year-over-year. The middle half of 1BR listings asked between $1,695 and $1,695. That puts West Ridge $175 above the Chicago citywide 1BR median of $1,520. The month's figures are based on 46 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,210 | +$110 (+10.0%) | +$210 (+21.0%) | $1,200 – $1,305 | 7 |
| Studio | $1,045 | −$55 (-5.0%) | +$45 (+4.5%) | $995 – $1,099 | 6 |
| 1BR | $1,695 | +$315 (+22.8%) | +$600 (+54.8%) | $1,695 – $1,695 | 6 |
| 1BR | $1,700 | +$320 (+23.2%) | +$605 (+55.3%) | $1,700 – $1,700 | 4 |
| 2BR | $1,738 | +$188 (+12.1%) | −$112 (-6.1%) | $1,656 – $1,819 | 2 |
| 2BR | $2,000 | +$450 (+29.0%) | +$150 (+8.1%) | $1,850 – $2,050 | 4 |
| 3BR | $2,400 | +$205 (+9.3%) | +$650 (+37.1%) | $2,248 – $2,400 | 3 |
| 3BR | $2,850 | +$655 (+29.8%) | +$1,100 (+62.9%) | $2,850 – $2,850 | 1 |
| 4BR | $2,975 | +$575 (+24.0%) | +$575 (+24.0%) | $2,975 – $3,106 | 8 |
| 4BR | $2,975 | +$575 (+24.0%) | +$575 (+24.0%) | $2,975 – $2,975 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
West Ridge vs. Chicago — August 2023
| Bedrooms | West Ridge Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,210 | $1,250 | −$40 (-3.2%) |
| Studio | $1,045 | $1,250 | −$205 (-16.4%) |
| 1BR | $1,695 | $1,520 | +$175 (+11.5%) |
| 1BR | $1,700 | $1,520 | +$180 (+11.8%) |
| 2BR | $1,738 | $1,808 | −$70 (-3.9%) |
| 2BR | $2,000 | $1,808 | +$193 (+10.7%) |
| 3BR | $2,400 | $2,395 | +$5 (+0.2%) |
| 3BR | $2,850 | $2,395 | +$455 (+19.0%) |
| 4BR | $2,975 | $2,692 | +$283 (+10.5%) |
| 4BR | $2,975 | $2,692 | +$283 (+10.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.