Monthly Rent Report
Chatham Rent Report — July 2023
Asking rents in ZIP 60619, Chicago, from 216 listings.
Median 1BR rent in Chatham was $923 in July 2023, down 7.8% (−$77) from June 2023 and up 11.8% year-over-year. The middle half of 1BR listings asked between $828 and $1,038. That puts Chatham $528 below the Chicago citywide 1BR median of $1,450. The month's figures are based on 216 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $650 | −$75 (-10.3%) | −$147 (-18.5%) | $650 – $650 | 1 |
| Studio | $755 | +$30 (+4.1%) | −$42 (-5.3%) | $705 – $795 | 10 |
| 1BR | $923 | −$77 (-7.8%) | +$98 (+11.8%) | $828 – $1,038 | 58 |
| 1BR | $1,128 | +$128 (+12.8%) | +$303 (+36.7%) | $1,064 – $1,191 | 2 |
| 2BR | $1,217 | +$52 (+4.5%) | +$242 (+24.8%) | $951 – $1,335 | 98 |
| 2BR | $1,340 | +$175 (+15.0%) | +$365 (+37.4%) | $1,298 – $1,383 | 2 |
| 3BR | $1,600 | +$75 (+4.9%) | +$250 (+18.5%) | $1,400 – $1,950 | 3 |
| 3BR | $1,508 | −$17 (-1.1%) | +$158 (+11.7%) | $1,400 – $1,525 | 30 |
| 4BR | $1,400 | −$500 (-26.3%) | −$250 (-15.2%) | $1,269 – $1,863 | 8 |
| 4BR | $1,250 | −$650 (-34.2%) | −$400 (-24.2%) | $1,250 – $1,250 | 2 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Chatham vs. Chicago — July 2023
| Bedrooms | Chatham Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $650 | $1,200 | −$550 (-45.8%) |
| Studio | $755 | $1,200 | −$445 (-37.1%) |
| 1BR | $923 | $1,450 | −$527 (-36.4%) |
| 1BR | $1,128 | $1,450 | −$322 (-22.2%) |
| 2BR | $1,217 | $1,795 | −$578 (-32.2%) |
| 2BR | $1,340 | $1,795 | −$455 (-25.3%) |
| 3BR | $1,600 | $2,273 | −$672 (-29.6%) |
| 3BR | $1,508 | $2,273 | −$765 (-33.7%) |
| 4BR | $1,400 | $2,709 | −$1,308 (-48.3%) |
| 4BR | $1,250 | $2,709 | −$1,458 (-53.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2023.