Monthly Rent Report
West Ridge Rent Report — May 2024
Asking rents in ZIP 60645, Chicago, from 108 listings.
Median 1BR rent in West Ridge was $1,325 in May 2024, down 14.4% (−$222) from April 2024 and up 1.9% year-over-year. The middle half of 1BR listings asked between $1,325 and $1,325. That puts West Ridge $178 below the Chicago citywide 1BR median of $1,503. The month's figures are based on 108 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,695 | +$700 (+70.4%) | +$670 (+65.4%) | $1,695 – $1,695 | 1 |
| Studio | $1,050 | +$55 (+5.5%) | +$25 (+2.4%) | $1,050 – $1,163 | 6 |
| 1BR | $1,325 | −$222 (-14.4%) | +$25 (+1.9%) | $1,325 – $1,325 | 1 |
| 1BR | $1,325 | −$222 (-14.4%) | +$25 (+1.9%) | $1,074 – $1,611 | 4 |
| 2BR | $1,600 | −$25 (-1.5%) | +$5 (+0.3%) | $1,500 – $1,600 | 3 |
| 2BR | $1,625 | $0 (0.0%) | +$30 (+1.9%) | $1,625 – $1,625 | 1 |
| 3BR | $2,148 | −$250 (-10.4%) | −$477 (-18.2%) | $2,124 – $2,171 | 2 |
| 3BR | $2,273 | −$125 (-5.2%) | −$352 (-13.4%) | $2,000 – $2,500 | 82 |
| 4BR | $2,550 | −$112 (-4.2%) | +$150 (+6.3%) | $2,500 – $4,275 | 3 |
| 4BR | $2,450 | −$212 (-8.0%) | +$50 (+2.1%) | $2,450 – $2,450 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
West Ridge vs. Chicago — May 2024
| Bedrooms | West Ridge Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,695 | $1,196 | +$499 (+41.7%) |
| Studio | $1,050 | $1,196 | −$146 (-12.2%) |
| 1BR | $1,325 | $1,503 | −$177 (-11.8%) |
| 1BR | $1,325 | $1,503 | −$177 (-11.8%) |
| 2BR | $1,600 | $1,825 | −$225 (-12.3%) |
| 2BR | $1,625 | $1,825 | −$200 (-11.0%) |
| 3BR | $2,148 | $2,236 | −$88 (-4.0%) |
| 3BR | $2,273 | $2,236 | +$37 (+1.6%) |
| 4BR | $2,550 | $2,725 | −$175 (-6.4%) |
| 4BR | $2,450 | $2,725 | −$275 (-10.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.