Monthly Rent Report
Woodlawn Rent Report — May 2024
Asking rents in ZIP 60637, Chicago, from 624 listings.
Median 1BR rent in Woodlawn was $1,826 in May 2024, up 32.6% (+$449) from April 2024 and up 34.0% year-over-year. The middle half of 1BR listings asked between $1,826 and $1,826. That puts Woodlawn $324 above the Chicago citywide 1BR median of $1,503. The month's figures are based on 624 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $875 | −$220 (-20.1%) | +$135 (+18.2%) | $759 – $988 | 12 |
| Studio | $1,090 | −$5 (-0.5%) | +$350 (+47.2%) | $1,015 – $1,186 | 110 |
| 1BR | $1,826 | +$449 (+32.6%) | +$464 (+34.0%) | $1,826 – $1,826 | 1 |
| 1BR | $975 | −$402 (-29.2%) | −$387 (-28.4%) | $975 – $975 | 1 |
| 2BR | $1,750 | +$513 (+41.4%) | +$750 (+75.0%) | $1,750 – $1,750 | 1 |
| 2BR | $1,350 | +$113 (+9.1%) | +$350 (+35.0%) | $1,350 – $1,350 | 1 |
| 3BR | $1,450 | $0 (0.0%) | −$300 (-17.1%) | $1,450 – $1,450 | 1 |
| 3BR | $1,800 | +$350 (+24.1%) | +$50 (+2.9%) | $1,550 – $2,200 | 373 |
| 4BR | $1,725 | −$475 (-21.6%) | −$275 (-13.8%) | $1,488 – $1,963 | 2 |
| 4BR | $2,250 | +$50 (+2.3%) | +$250 (+12.5%) | $1,850 – $3,345 | 101 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Woodlawn vs. Chicago — May 2024
| Bedrooms | Woodlawn Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $875 | $1,196 | −$321 (-26.8%) |
| Studio | $1,090 | $1,196 | −$106 (-8.9%) |
| 1BR | $1,826 | $1,503 | +$324 (+21.5%) |
| 1BR | $975 | $1,503 | −$527 (-35.1%) |
| 2BR | $1,750 | $1,825 | −$75 (-4.1%) |
| 2BR | $1,350 | $1,825 | −$475 (-26.0%) |
| 3BR | $1,450 | $2,236 | −$786 (-35.2%) |
| 3BR | $1,800 | $2,236 | −$436 (-19.5%) |
| 4BR | $1,725 | $2,725 | −$1,000 (-36.7%) |
| 4BR | $2,250 | $2,725 | −$475 (-17.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.