Monthly Rent Report
Woodlawn Rent Report — February 2024
Asking rents in ZIP 60637, Chicago, from 978 listings.
Median 1BR rent in Woodlawn was $1,397 in February 2024, down 4.3% (−$63) from January 2024 and up 7.3% year-over-year. The middle half of 1BR listings asked between $1,044 and $1,799. That puts Woodlawn $103 below the Chicago citywide 1BR median of $1,500. The month's figures are based on 978 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,098 | +$73 (+7.1%) | +$73 (+7.1%) | $950 – $1,281 | 62 |
| Studio | $750 | −$275 (-26.8%) | −$275 (-26.8%) | $750 – $750 | 1 |
| 1BR | $1,397 | −$63 (-4.3%) | +$96 (+7.3%) | $1,044 – $1,799 | 150 |
| 1BR | $995 | −$465 (-31.8%) | −$306 (-23.5%) | $970 – $1,046 | 4 |
| 2BR | $1,450 | +$36 (+2.5%) | +$197 (+15.7%) | $1,253 – $1,950 | 301 |
| 2BR | $1,400 | −$14 (-1.0%) | +$147 (+11.7%) | $1,285 – $1,575 | 55 |
| 3BR | $1,700 | −$200 (-10.5%) | +$100 (+6.3%) | $1,535 – $2,100 | 312 |
| 3BR | $2,900 | +$1,000 (+52.6%) | +$1,300 (+81.3%) | $2,900 – $2,900 | 1 |
| 4BR | $1,950 | +$25 (+1.3%) | +$290 (+17.5%) | $1,800 – $3,275 | 63 |
| 4BR | $1,950 | +$25 (+1.3%) | +$290 (+17.5%) | $1,950 – $1,950 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Woodlawn vs. Chicago — February 2024
| Bedrooms | Woodlawn Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,098 | $1,211 | −$114 (-9.4%) |
| Studio | $750 | $1,211 | −$461 (-38.1%) |
| 1BR | $1,397 | $1,500 | −$103 (-6.9%) |
| 1BR | $995 | $1,500 | −$505 (-33.7%) |
| 2BR | $1,450 | $1,813 | −$362 (-20.0%) |
| 2BR | $1,400 | $1,813 | −$412 (-22.8%) |
| 3BR | $1,700 | $2,300 | −$600 (-26.1%) |
| 3BR | $2,900 | $2,300 | +$600 (+26.1%) |
| 4BR | $1,950 | $2,792 | −$841 (-30.1%) |
| 4BR | $1,950 | $2,792 | −$841 (-30.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2024.