Monthly Rent Report
Chinatown Rent Report — May 2022
Asking rents in ZIP 60616, Chicago, from 37 listings.
Median 1BR rent in Chinatown was $1,875 in May 2022, up 10.3% (+$175) from April 2022 and up 29.3% year-over-year. The middle half of 1BR listings asked between $1,875 and $1,875. That puts Chinatown $578 above the Chicago citywide 1BR median of $1,298. The month's figures are based on 37 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2022 | Vs. May 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,140 | −$160 (-12.3%) | +$62 (+5.7%) | $1,062 – $1,199 | 30 |
| 1BR | $1,875 | +$175 (+10.3%) | +$425 (+29.3%) | $1,875 – $1,875 | 1 |
| 1BR | $1,899 | +$199 (+11.7%) | +$449 (+31.0%) | $1,899 – $1,899 | 1 |
| 2BR | $1,450 | +$150 (+11.5%) | −$1,370 (-48.6%) | $1,450 – $1,450 | 1 |
| 2BR | $1,450 | +$150 (+11.5%) | −$1,370 (-48.6%) | $1,450 – $1,450 | 1 |
| 3BR | $3,100 | +$505 (+19.5%) | −$895 (-22.4%) | $3,050 – $3,150 | 2 |
| 4BR | $3,300 | −$300 (-8.3%) | +$1,263 (+62.0%) | $3,300 – $3,300 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2022. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — May 2022
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,140 | $1,050 | +$90 (+8.5%) |
| 1BR | $1,875 | $1,298 | +$578 (+44.5%) |
| 1BR | $1,899 | $1,298 | +$602 (+46.4%) |
| 2BR | $1,450 | $1,599 | −$149 (-9.3%) |
| 2BR | $1,450 | $1,599 | −$149 (-9.3%) |
| 3BR | $3,100 | $2,100 | +$1,000 (+47.6%) |
| 4BR | $3,300 | $2,600 | +$700 (+26.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2022.