Monthly Rent Report
Chatham Rent Report — August 2023
Asking rents in ZIP 60619, Chicago, from 126 listings.
Median 1BR rent in Chatham was $1,100 in August 2023, down 2.4% (−$27) from July 2023 and up 33.3% year-over-year. The middle half of 1BR listings asked between $998 and $1,178. That puts Chatham $420 below the Chicago citywide 1BR median of $1,520. The month's figures are based on 126 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $710 | +$60 (+9.2%) | +$10 (+1.4%) | $650 – $796 | 20 |
| Studio | $715 | +$65 (+10.0%) | +$15 (+2.1%) | $655 – $806 | 10 |
| 1BR | $1,100 | −$27 (-2.4%) | +$275 (+33.3%) | $998 – $1,178 | 3 |
| 1BR | $999 | −$128 (-11.4%) | +$174 (+21.1%) | $999 – $1,200 | 22 |
| 2BR | $875 | −$342 (-28.1%) | −$400 (-31.4%) | $875 – $875 | 1 |
| 2BR | $1,300 | +$83 (+6.8%) | +$25 (+2.0%) | $1,119 – $1,325 | 38 |
| 3BR | $1,450 | −$57 (-3.8%) | −$350 (-19.4%) | $1,450 – $1,450 | 1 |
| 3BR | $1,300 | −$207 (-13.8%) | −$500 (-27.8%) | $1,300 – $1,300 | 9 |
| 4BR | $1,675 | +$425 (+34.0%) | +$175 (+11.7%) | $1,250 – $2,163 | 4 |
| 4BR | $1,450 | +$200 (+16.0%) | −$50 (-3.3%) | $1,250 – $2,113 | 18 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Chatham vs. Chicago — August 2023
| Bedrooms | Chatham Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $710 | $1,250 | −$540 (-43.2%) |
| Studio | $715 | $1,250 | −$535 (-42.8%) |
| 1BR | $1,100 | $1,520 | −$420 (-27.6%) |
| 1BR | $999 | $1,520 | −$521 (-34.3%) |
| 2BR | $875 | $1,808 | −$932 (-51.6%) |
| 2BR | $1,300 | $1,808 | −$507 (-28.1%) |
| 3BR | $1,450 | $2,395 | −$945 (-39.5%) |
| 3BR | $1,300 | $2,395 | −$1,095 (-45.7%) |
| 4BR | $1,675 | $2,692 | −$1,017 (-37.8%) |
| 4BR | $1,450 | $2,692 | −$1,242 (-46.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.