Monthly Rent Report
Avondale Rent Report — May 2023
Asking rents in ZIP 60618, Chicago, from 722 listings.
Median 1BR rent in Avondale was $1,700 in May 2023, up 23.6% (+$325) from April 2023 and up 13.7% year-over-year. The middle half of 1BR listings asked between $1,700 and $1,700. That puts Avondale $300 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 722 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,110 | −$85 (-7.1%) | +$298 (+36.6%) | $960 – $1,456 | 18 |
| Studio | $905 | −$290 (-24.3%) | +$93 (+11.4%) | $905 – $905 | 1 |
| 1BR | $1,700 | +$325 (+23.6%) | +$205 (+13.7%) | $1,700 – $1,700 | 5 |
| 1BR | $1,440 | +$65 (+4.7%) | −$55 (-3.7%) | $1,299 – $1,650 | 221 |
| 2BR | $1,950 | +$25 (+1.3%) | −$650 (-25.0%) | $1,650 – $2,495 | 313 |
| 2BR | $2,050 | +$125 (+6.5%) | −$550 (-21.2%) | $1,795 – $2,450 | 10 |
| 3BR | $3,800 | +$1,253 (+49.2%) | +$850 (+28.8%) | $3,800 – $3,800 | 1 |
| 3BR | $2,485 | −$62 (-2.5%) | −$465 (-15.8%) | $2,061 – $3,074 | 126 |
| 4BR | $2,880 | −$120 (-4.0%) | −$370 (-11.4%) | $2,880 – $2,880 | 1 |
| 4BR | $3,000 | $0 (0.0%) | −$250 (-7.7%) | $2,600 – $3,200 | 21 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Avondale vs. Chicago — May 2023
| Bedrooms | Avondale Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,110 | $1,200 | −$90 (-7.5%) |
| Studio | $905 | $1,200 | −$295 (-24.6%) |
| 1BR | $1,700 | $1,400 | +$300 (+21.4%) |
| 1BR | $1,440 | $1,400 | +$40 (+2.9%) |
| 2BR | $1,950 | $1,698 | +$253 (+14.9%) |
| 2BR | $2,050 | $1,698 | +$353 (+20.8%) |
| 3BR | $3,800 | $2,300 | +$1,500 (+65.2%) |
| 3BR | $2,485 | $2,300 | +$185 (+8.0%) |
| 4BR | $2,880 | $2,548 | +$333 (+13.1%) |
| 4BR | $3,000 | $2,548 | +$453 (+17.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.