Monthly Rent Report
Chatham Rent Report — May 2023
Asking rents in ZIP 60619, Chicago, from 537 listings.
Median 1BR rent in Chatham was $920 in May 2023, up 3.7% (+$33) from April 2023 and up 8.4% year-over-year. The middle half of 1BR listings asked between $865 and $1,000. That puts Chatham $480 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 537 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $755 | −$55 (-6.8%) | +$105 (+16.2%) | $685 – $805 | 21 |
| Studio | $1,000 | +$190 (+23.5%) | +$350 (+53.8%) | $1,000 – $1,000 | 1 |
| 1BR | $920 | +$33 (+3.7%) | +$71 (+8.4%) | $865 – $1,000 | 159 |
| 1BR | $950 | +$63 (+7.0%) | +$101 (+11.9%) | $883 – $1,103 | 3 |
| 2BR | $1,375 | +$275 (+25.0%) | +$300 (+27.9%) | $1,263 – $1,380 | 3 |
| 2BR | $1,200 | +$100 (+9.1%) | +$125 (+11.6%) | $1,000 – $1,300 | 235 |
| 3BR | $1,400 | −$99 (-6.6%) | +$166 (+13.5%) | $1,300 – $1,525 | 85 |
| 3BR | $2,300 | +$801 (+53.4%) | +$1,066 (+86.4%) | $2,300 – $2,300 | 1 |
| 4BR | $1,275 | −$525 (-29.2%) | −$575 (-31.1%) | $1,250 – $1,650 | 26 |
| 4BR | $1,850 | +$50 (+2.8%) | $0 (0.0%) | $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.
Chatham vs. Chicago — May 2023
| Bedrooms | Chatham Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $755 | $1,200 | −$445 (-37.1%) |
| Studio | $1,000 | $1,200 | −$200 (-16.7%) |
| 1BR | $920 | $1,400 | −$480 (-34.3%) |
| 1BR | $950 | $1,400 | −$450 (-32.1%) |
| 2BR | $1,375 | $1,698 | −$322 (-19.0%) |
| 2BR | $1,200 | $1,698 | −$497 (-29.3%) |
| 3BR | $1,400 | $2,300 | −$900 (-39.1%) |
| 3BR | $2,300 | $2,300 | $0 (0.0%) |
| 4BR | $1,275 | $2,548 | −$1,272 (-50.0%) |
| 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.