Monthly Rent Report
Chatham Rent Report — June 2023
Asking rents in ZIP 60619, Chicago, from 450 listings.
Median 1BR rent in Chatham was $880 in June 2023, down 4.3% (−$40) from May 2023 and up 3.5% year-over-year. The middle half of 1BR listings asked between $825 and $950. That puts Chatham $520 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 450 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $740 | −$260 (-26.0%) | −$15 (-2.0%) | $685 – $830 | 23 |
| Studio | $725 | −$275 (-27.5%) | −$30 (-4.0%) | $725 – $725 | 1 |
| 1BR | $880 | −$40 (-4.3%) | +$30 (+3.5%) | $825 – $950 | 134 |
| 1BR | $1,000 | +$80 (+8.7%) | +$150 (+17.6%) | $1,000 – $1,000 | 2 |
| 2BR | $1,200 | −$175 (-12.7%) | +$193 (+19.1%) | $934 – $1,335 | 192 |
| 2BR | $1,165 | −$210 (-15.3%) | +$158 (+15.6%) | $1,073 – $1,258 | 2 |
| 3BR | $1,500 | −$800 (-34.8%) | +$100 (+7.1%) | $1,500 – $1,500 | 1 |
| 3BR | $1,525 | −$775 (-33.7%) | +$125 (+8.9%) | $1,300 – $1,600 | 64 |
| 4BR | $1,300 | −$550 (-29.7%) | −$400 (-23.5%) | $1,250 – $1,650 | 24 |
| 4BR | $1,900 | +$50 (+2.7%) | +$200 (+11.8%) | $1,563 – $2,250 | 4 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Chatham vs. Chicago — June 2023
| Bedrooms | Chatham Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $740 | $1,243 | −$502 (-40.4%) |
| Studio | $725 | $1,243 | −$517 (-41.6%) |
| 1BR | $880 | $1,400 | −$520 (-37.1%) |
| 1BR | $1,000 | $1,400 | −$400 (-28.6%) |
| 2BR | $1,200 | $1,700 | −$500 (-29.4%) |
| 2BR | $1,165 | $1,700 | −$535 (-31.5%) |
| 3BR | $1,500 | $2,275 | −$775 (-34.1%) |
| 3BR | $1,525 | $2,275 | −$750 (-33.0%) |
| 4BR | $1,300 | $2,500 | −$1,200 (-48.0%) |
| 4BR | $1,900 | $2,500 | −$600 (-24.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2023.