Monthly Rent Report
Chatham Rent Report — March 2023
Asking rents in ZIP 60619, Chicago, from 778 listings.
Median 1BR rent in Chatham was $910 in March 2023, down 4.2% (−$40) from February 2023 and up 14.5% year-over-year. The middle half of 1BR listings asked between $850 and $995. That puts Chatham $486 below the Chicago citywide 1BR median of $1,396. The month's figures are based on 778 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $805 | −$295 (-26.8%) | −$20 (-2.4%) | $770 – $850 | 33 |
| Studio | $675 | −$425 (-38.6%) | −$150 (-18.2%) | $675 – $675 | 1 |
| 1BR | $910 | −$40 (-4.2%) | +$115 (+14.5%) | $850 – $995 | 246 |
| 1BR | $745 | −$205 (-21.6%) | −$50 (-6.3%) | $745 – $745 | 1 |
| 2BR | $1,200 | +$40 (+3.4%) | −$196 (-14.0%) | $1,000 – $1,300 | 320 |
| 2BR | $1,228 | +$68 (+5.8%) | −$168 (-12.1%) | $1,166 – $1,289 | 2 |
| 3BR | $1,800 | +$300 (+20.0%) | +$500 (+38.5%) | $1,800 – $1,800 | 1 |
| 3BR | $1,450 | −$50 (-3.3%) | +$150 (+11.5%) | $1,300 – $1,660 | 137 |
| 4BR | $1,250 | −$50 (-3.8%) | −$400 (-24.2%) | $1,250 – $1,250 | 1 |
| 4BR | $1,650 | +$350 (+26.9%) | $0 (0.0%) | $1,400 – $1,900 | 35 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Chatham vs. Chicago — March 2023
| Bedrooms | Chatham Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $805 | $1,204 | −$399 (-33.1%) |
| Studio | $675 | $1,204 | −$529 (-43.9%) |
| 1BR | $910 | $1,396 | −$486 (-34.8%) |
| 1BR | $745 | $1,396 | −$651 (-46.6%) |
| 2BR | $1,200 | $1,698 | −$497 (-29.3%) |
| 2BR | $1,228 | $1,698 | −$470 (-27.7%) |
| 3BR | $1,800 | $2,200 | −$400 (-18.2%) |
| 3BR | $1,450 | $2,200 | −$750 (-34.1%) |
| 4BR | $1,250 | $2,444 | −$1,194 (-48.9%) |
| 4BR | $1,650 | $2,444 | −$794 (-32.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2023.