Monthly Rent Report
Belmont Cragin Rent Report — July 2023
Asking rents in ZIP 60639, Chicago, from 70 listings.
Median 1BR rent in Belmont Cragin was $1,050 in July 2023, down 8.7% (−$100) from June 2023 and down 11.8% year-over-year. The middle half of 1BR listings asked between $1,050 and $1,050. That puts Belmont Cragin $400 below the Chicago citywide 1BR median of $1,450. The month's figures are based on 70 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,200 | +$275 (+29.7%) | $0 (0.0%) | $1,100 – $1,438 | 7 |
| Studio | $1,200 | +$275 (+29.7%) | $0 (0.0%) | $1,200 – $1,200 | 2 |
| 1BR | $1,050 | −$100 (-8.7%) | −$140 (-11.8%) | $1,050 – $1,050 | 1 |
| 1BR | $1,200 | +$50 (+4.3%) | +$10 (+0.8%) | $1,150 – $1,225 | 17 |
| 2BR | $1,400 | +$100 (+7.7%) | +$50 (+3.7%) | $1,400 – $1,400 | 1 |
| 2BR | $1,325 | +$25 (+1.9%) | −$25 (-1.9%) | $1,285 – $1,363 | 15 |
| 3BR | $2,045 | +$345 (+20.3%) | −$155 (-7.0%) | $1,638 – $2,096 | 16 |
| 3BR | $1,350 | −$350 (-20.6%) | −$850 (-38.6%) | $1,275 – $1,425 | 2 |
| 4BR | $2,000 | +$200 (+11.1%) | −$1,000 (-33.3%) | $2,000 – $2,000 | 1 |
| 4BR | $2,825 | +$1,025 (+56.9%) | −$175 (-5.8%) | $2,563 – $3,300 | 4 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Belmont Cragin vs. Chicago — July 2023
| Bedrooms | Belmont Cragin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,200 | $1,200 | $0 (0.0%) |
| Studio | $1,200 | $1,200 | $0 (0.0%) |
| 1BR | $1,050 | $1,450 | −$400 (-27.6%) |
| 1BR | $1,200 | $1,450 | −$250 (-17.2%) |
| 2BR | $1,400 | $1,795 | −$395 (-22.0%) |
| 2BR | $1,325 | $1,795 | −$470 (-26.2%) |
| 3BR | $2,045 | $2,273 | −$227 (-10.0%) |
| 3BR | $1,350 | $2,273 | −$922 (-40.6%) |
| 4BR | $2,000 | $2,709 | −$708 (-26.2%) |
| 4BR | $2,825 | $2,709 | +$117 (+4.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2023.