Monthly Rent Report
West Ridge Rent Report — August 2024
Asking rents in ZIP 60645, Chicago, from 27 listings.
Median 1BR rent in West Ridge was $1,353 in August 2024, down 24.7% (−$442) from July 2024 and down 20.2% year-over-year. The middle half of 1BR listings asked between $1,231 and $1,474. That puts West Ridge $186 below the Chicago citywide 1BR median of $1,538. The month's figures are based on 27 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,050 | $0 (0.0%) | −$160 (-13.2%) | $1,050 – $1,050 | 2 |
| 1BR | $1,353 | −$442 (-24.7%) | −$342 (-20.2%) | $1,231 – $1,474 | 2 |
| 2BR | $2,275 | +$955 (+72.3%) | +$275 (+13.8%) | $2,275 – $2,275 | 1 |
| 3BR | $2,295 | +$95 (+4.3%) | −$555 (-19.5%) | $2,093 – $2,498 | 2 |
| 3BR | $3,200 | +$1,000 (+45.5%) | +$350 (+12.3%) | $2,475 – $3,500 | 18 |
| 4BR | $3,250 | +$455 (+16.3%) | +$275 (+9.2%) | $3,250 – $3,250 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
West Ridge vs. Chicago — August 2024
| Bedrooms | West Ridge Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,050 | $1,190 | −$140 (-11.8%) |
| 1BR | $1,353 | $1,538 | −$185 (-12.1%) |
| 2BR | $2,275 | $1,823 | +$453 (+24.8%) |
| 3BR | $2,295 | $2,300 | −$5 (-0.2%) |
| 3BR | $3,200 | $2,300 | +$900 (+39.1%) |
| 4BR | $3,250 | $2,995 | +$255 (+8.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2024.