Monthly Rent Report
Woodlawn Rent Report — March 2024
Asking rents in ZIP 60637, Chicago, from 437 listings.
Median 1BR rent in Woodlawn was $1,050 in March 2024, up 5.5% (+$55) from February 2024 and down 12.5% year-over-year. The middle half of 1BR listings asked between $1,025 and $1,075. That puts Woodlawn $455 below the Chicago citywide 1BR median of $1,505. The month's figures are based on 437 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,098 | +$348 (+46.4%) | +$223 (+25.5%) | $950 – $1,170 | 43 |
| Studio | $950 | +$200 (+26.7%) | +$75 (+8.6%) | $950 – $950 | 1 |
| 1BR | $1,050 | +$55 (+5.5%) | −$150 (-12.5%) | $1,025 – $1,075 | 2 |
| 1BR | $1,442 | +$447 (+44.9%) | +$242 (+20.2%) | $1,098 – $1,899 | 128 |
| 2BR | $1,679 | +$229 (+15.8%) | +$319 (+23.4%) | $1,679 – $1,679 | 1 |
| 2BR | $1,450 | $0 (0.0%) | +$90 (+6.6%) | $1,450 – $1,450 | 1 |
| 3BR | $1,850 | −$1,050 (-36.2%) | +$500 (+37.0%) | $1,595 – $2,200 | 196 |
| 3BR | $2,300 | −$600 (-20.7%) | +$950 (+70.4%) | $2,300 – $2,300 | 1 |
| 4BR | $1,150 | −$800 (-41.0%) | −$936 (-44.9%) | $1,150 – $1,150 | 1 |
| 4BR | $2,500 | +$550 (+28.2%) | +$414 (+19.8%) | $1,893 – $3,400 | 48 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Woodlawn vs. Chicago — March 2024
| Bedrooms | Woodlawn Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,098 | $1,225 | −$127 (-10.4%) |
| Studio | $950 | $1,225 | −$275 (-22.4%) |
| 1BR | $1,050 | $1,505 | −$454 (-30.2%) |
| 1BR | $1,442 | $1,505 | −$62 (-4.2%) |
| 2BR | $1,679 | $1,900 | −$221 (-11.6%) |
| 2BR | $1,450 | $1,900 | −$450 (-23.7%) |
| 3BR | $1,850 | $2,250 | −$400 (-17.8%) |
| 3BR | $2,300 | $2,250 | +$50 (+2.2%) |
| 4BR | $1,150 | $2,650 | −$1,500 (-56.6%) |
| 4BR | $2,500 | $2,650 | −$150 (-5.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2024.