Monthly Rent Report
Avondale Rent Report — August 2023
Asking rents in ZIP 60618, Chicago, from 69 listings.
Median 1BR rent in Avondale was $1,995 in August 2023, up 31.0% (+$473) from July 2023 and up 45.1% year-over-year. The middle half of 1BR listings asked between $1,450 and $2,195. That puts Avondale $475 above the Chicago citywide 1BR median of $1,520. The month's figures are based on 69 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,098 | +$48 (+4.5%) | +$103 (+10.3%) | $1,074 – $1,121 | 2 |
| Studio | $1,250 | +$200 (+19.0%) | +$255 (+25.6%) | $1,175 – $1,325 | 2 |
| 1BR | $1,995 | +$473 (+31.0%) | +$620 (+45.1%) | $1,450 – $2,195 | 5 |
| 1BR | $1,450 | −$72 (-4.8%) | +$75 (+5.5%) | $1,450 – $1,450 | 10 |
| 2BR | $2,500 | +$650 (+35.1%) | +$703 (+39.1%) | $2,199 – $2,750 | 21 |
| 2BR | $2,250 | +$400 (+21.6%) | +$453 (+25.2%) | $2,200 – $2,300 | 2 |
| 3BR | $2,295 | −$955 (-29.4%) | +$78 (+3.5%) | $2,000 – $2,295 | 15 |
| 3BR | $2,300 | −$950 (-29.2%) | +$83 (+3.7%) | $2,100 – $2,650 | 3 |
| 4BR | $1,795 | −$2,005 (-52.8%) | −$605 (-25.2%) | $1,795 – $1,795 | 1 |
| 4BR | $3,115 | −$685 (-18.0%) | +$715 (+29.8%) | $3,083 – $3,148 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Avondale vs. Chicago — August 2023
| Bedrooms | Avondale Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,098 | $1,250 | −$152 (-12.2%) |
| Studio | $1,250 | $1,250 | $0 (0.0%) |
| 1BR | $1,995 | $1,520 | +$475 (+31.3%) |
| 1BR | $1,450 | $1,520 | −$70 (-4.6%) |
| 2BR | $2,500 | $1,808 | +$693 (+38.3%) |
| 2BR | $2,250 | $1,808 | +$443 (+24.5%) |
| 3BR | $2,295 | $2,395 | −$100 (-4.2%) |
| 3BR | $2,300 | $2,395 | −$95 (-4.0%) |
| 4BR | $1,795 | $2,692 | −$897 (-33.3%) |
| 4BR | $3,115 | $2,692 | +$423 (+15.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.