Monthly Rent Report
Bronzeville Rent Report — May 2023
Asking rents in ZIP 60653, Chicago, from 338 listings.
Median 1BR rent in Bronzeville was $1,400 in May 2023, down 4.3% (−$62) from April 2023 and down 18.4% year-over-year. The middle half of 1BR listings asked between $1,325 and $1,600. That puts Bronzeville in line with the Chicago citywide 1BR median of $1,400. The month's figures are based on 338 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $795 | +$10 (+1.3%) | −$405 (-33.8%) | $795 – $795 | 1 |
| Studio | $975 | +$190 (+24.2%) | −$225 (-18.8%) | $839 – $1,175 | 8 |
| 1BR | $1,400 | −$62 (-4.3%) | −$315 (-18.4%) | $1,325 – $1,600 | 48 |
| 1BR | $1,765 | +$303 (+20.7%) | +$50 (+2.9%) | $1,765 – $1,765 | 1 |
| 2BR | $1,943 | +$280 (+16.8%) | −$257 (-11.7%) | $1,813 – $2,060 | 4 |
| 2BR | $1,650 | −$12 (-0.8%) | −$550 (-25.0%) | $1,395 – $2,100 | 113 |
| 3BR | $1,975 | +$125 (+6.8%) | +$314 (+18.9%) | $1,700 – $2,596 | 120 |
| 3BR | $1,595 | −$255 (-13.8%) | −$66 (-4.0%) | $1,595 – $1,595 | 1 |
| 4BR | $1,983 | −$312 (-13.6%) | −$1,817 (-47.8%) | $1,938 – $2,185 | 4 |
| 4BR | $2,025 | −$270 (-11.8%) | −$1,775 (-46.7%) | $1,977 – $2,350 | 38 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Bronzeville vs. Chicago — May 2023
| Bedrooms | Bronzeville Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $795 | $1,200 | −$405 (-33.8%) |
| Studio | $975 | $1,200 | −$225 (-18.8%) |
| 1BR | $1,400 | $1,400 | $0 (0.0%) |
| 1BR | $1,765 | $1,400 | +$365 (+26.1%) |
| 2BR | $1,943 | $1,698 | +$245 (+14.4%) |
| 2BR | $1,650 | $1,698 | −$47 (-2.8%) |
| 3BR | $1,975 | $2,300 | −$325 (-14.1%) |
| 3BR | $1,595 | $2,300 | −$705 (-30.7%) |
| 4BR | $1,983 | $2,548 | −$564 (-22.2%) |
| 4BR | $2,025 | $2,548 | −$522 (-20.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.