Monthly Rent Report
Belmont Cragin Rent Report — May 2023
Asking rents in ZIP 60639, Chicago, from 152 listings.
Median 1BR rent in Belmont Cragin was $1,250 in May 2023, up 19.0% (+$200) from April 2023 and up 13.9% year-over-year. The middle half of 1BR listings asked between $1,250 and $1,250. That puts Belmont Cragin $150 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 152 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $900 | −$300 (-25.0%) | −$62 (-6.5%) | $750 – $1,200 | 11 |
| Studio | $825 | −$375 (-31.3%) | −$137 (-14.3%) | $825 – $825 | 1 |
| 1BR | $1,250 | +$200 (+19.0%) | +$153 (+13.9%) | $1,250 – $1,250 | 1 |
| 1BR | $1,200 | +$150 (+14.3%) | +$103 (+9.3%) | $1,164 – $1,275 | 38 |
| 2BR | $1,275 | −$187 (-12.8%) | +$50 (+4.1%) | $1,275 – $1,275 | 1 |
| 2BR | $1,413 | −$50 (-3.4%) | +$188 (+15.3%) | $1,250 – $1,596 | 64 |
| 3BR | $1,850 | +$325 (+21.3%) | +$350 (+23.3%) | $1,550 – $2,200 | 31 |
| 3BR | $1,600 | +$75 (+4.9%) | +$100 (+6.7%) | $1,600 – $1,600 | 1 |
| 4BR | $1,850 | −$425 (-18.7%) | −$450 (-19.6%) | $1,850 – $1,850 | 1 |
| 4BR | $1,850 | −$425 (-18.7%) | −$450 (-19.6%) | $1,850 – $1,850 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Belmont Cragin vs. Chicago — May 2023
| Bedrooms | Belmont Cragin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $900 | $1,200 | −$300 (-25.0%) |
| Studio | $825 | $1,200 | −$375 (-31.3%) |
| 1BR | $1,250 | $1,400 | −$150 (-10.7%) |
| 1BR | $1,200 | $1,400 | −$200 (-14.3%) |
| 2BR | $1,275 | $1,698 | −$422 (-24.9%) |
| 2BR | $1,413 | $1,698 | −$285 (-16.8%) |
| 3BR | $1,850 | $2,300 | −$450 (-19.6%) |
| 3BR | $1,600 | $2,300 | −$700 (-30.4%) |
| 4BR | $1,850 | $2,548 | −$697 (-27.4%) |
| 4BR | $1,850 | $2,548 | −$697 (-27.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.