Monthly Rent Report
Bronzeville Rent Report — August 2023
Asking rents in ZIP 60653, Chicago, from 39 listings.
Median 1BR rent in Bronzeville was $1,395 in August 2023, up 44.9% (+$432) from July 2023 and up 44.9% year-over-year. The middle half of 1BR listings asked between $1,338 and $1,645. That puts Bronzeville $125 below the Chicago citywide 1BR median of $1,520. The month's figures are based on 39 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,073 | +$173 (+19.2%) | +$294 (+37.7%) | $956 – $1,268 | 6 |
| Studio | $825 | −$75 (-8.3%) | +$46 (+5.9%) | $825 – $825 | 1 |
| 1BR | $1,395 | +$432 (+44.9%) | +$432 (+44.9%) | $1,338 – $1,645 | 7 |
| 1BR | $1,745 | +$782 (+81.2%) | +$782 (+81.2%) | $1,745 – $1,745 | 1 |
| 2BR | $1,298 | −$302 (-18.9%) | −$852 (-39.7%) | $1,186 – $1,409 | 2 |
| 2BR | $1,380 | −$220 (-13.8%) | −$770 (-35.8%) | $1,145 – $1,628 | 7 |
| 3BR | $2,475 | +$625 (+33.8%) | −$125 (-4.8%) | $1,700 – $2,735 | 5 |
| 3BR | $2,600 | +$750 (+40.5%) | $0 (0.0%) | $2,600 – $2,600 | 1 |
| 4BR | $1,495 | −$755 (-33.6%) | −$840 (-36.0%) | $1,495 – $1,495 | 1 |
| 4BR | $2,100 | −$150 (-6.7%) | −$235 (-10.1%) | $2,100 – $2,100 | 3 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Bronzeville vs. Chicago — August 2023
| Bedrooms | Bronzeville Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,073 | $1,250 | −$177 (-14.2%) |
| Studio | $825 | $1,250 | −$425 (-34.0%) |
| 1BR | $1,395 | $1,520 | −$125 (-8.2%) |
| 1BR | $1,745 | $1,520 | +$225 (+14.8%) |
| 2BR | $1,298 | $1,808 | −$510 (-28.2%) |
| 2BR | $1,380 | $1,808 | −$427 (-23.7%) |
| 3BR | $2,475 | $2,395 | +$80 (+3.3%) |
| 3BR | $2,600 | $2,395 | +$205 (+8.6%) |
| 4BR | $1,495 | $2,692 | −$1,197 (-44.5%) |
| 4BR | $2,100 | $2,692 | −$592 (-22.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.