Monthly Rent Report
West Ridge Rent Report — January 2024
Asking rents in ZIP 60645, Chicago, from 135 listings.
Median 1BR rent in West Ridge was $1,250 in January 2024, down 3.8% (−$50) from December 2023 and down 16.4% year-over-year. The middle half of 1BR listings asked between $1,250 and $1,550. That puts West Ridge $267 below the Chicago citywide 1BR median of $1,517. The month's figures are based on 135 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,050 | −$45 (-4.1%) | −$250 (-19.2%) | $1,050 – $1,050 | 1 |
| Studio | $1,175 | +$80 (+7.3%) | −$125 (-9.6%) | $1,175 – $1,250 | 5 |
| 1BR | $1,250 | −$50 (-3.8%) | −$245 (-16.4%) | $1,250 – $1,550 | 19 |
| 1BR | $1,595 | +$295 (+22.7%) | +$100 (+6.7%) | $1,595 – $1,595 | 1 |
| 2BR | $1,675 | +$175 (+11.7%) | +$475 (+39.6%) | $1,500 – $1,898 | 75 |
| 2BR | $2,350 | +$850 (+56.7%) | +$1,150 (+95.8%) | $2,350 – $2,350 | 1 |
| 3BR | $1,750 | −$940 (-34.9%) | −$2,250 (-56.3%) | $1,750 – $1,750 | 2 |
| 3BR | $2,400 | −$290 (-10.8%) | −$1,600 (-40.0%) | $1,825 – $2,525 | 23 |
| 4BR | $2,475 | +$25 (+1.0%) | +$75 (+3.1%) | $2,450 – $2,535 | 4 |
| 4BR | $2,475 | +$25 (+1.0%) | +$75 (+3.1%) | $2,450 – $2,535 | 4 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
West Ridge vs. Chicago — January 2024
| Bedrooms | West Ridge Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,050 | $1,225 | −$175 (-14.3%) |
| Studio | $1,175 | $1,225 | −$50 (-4.1%) |
| 1BR | $1,250 | $1,517 | −$267 (-17.6%) |
| 1BR | $1,595 | $1,517 | +$78 (+5.1%) |
| 2BR | $1,675 | $1,800 | −$125 (-6.9%) |
| 2BR | $2,350 | $1,800 | +$550 (+30.6%) |
| 3BR | $1,750 | $2,300 | −$550 (-23.9%) |
| 3BR | $2,400 | $2,300 | +$100 (+4.3%) |
| 4BR | $2,475 | $2,792 | −$316 (-11.3%) |
| 4BR | $2,475 | $2,792 | −$316 (-11.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2024.