Monthly Rent Report
Chinatown Rent Report — June 2022
Asking rents in ZIP 60616, Chicago, from 34 listings.
Median 1BR rent in Chinatown was $1,975 in June 2022, up 4.0% (+$76) from May 2022 and down 5.7% year-over-year. The middle half of 1BR listings asked between $1,975 and $1,975. That puts Chinatown $725 above the Chicago citywide 1BR median of $1,250. The month's figures are based on 34 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2022 | Vs. June 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,164 | +$25 (+2.2%) | +$113 (+10.8%) | $1,126 – $1,218 | 17 |
| 1BR | $1,975 | +$76 (+4.0%) | −$120 (-5.7%) | $1,975 – $1,975 | 1 |
| 1BR | $2,125 | +$226 (+11.9%) | +$30 (+1.4%) | $2,113 – $2,138 | 2 |
| 2BR | $1,850 | +$400 (+27.6%) | −$1,010 (-35.3%) | $1,350 – $2,000 | 5 |
| 2BR | $1,750 | +$300 (+20.7%) | −$1,110 (-38.8%) | $1,750 – $1,750 | 1 |
| 3BR | $1,850 | −$1,250 (-40.3%) | −$388 (-17.4%) | $1,813 – $2,263 | 4 |
| 3BR | $3,500 | +$400 (+12.9%) | +$1,262 (+56.4%) | $3,500 – $3,500 | 1 |
| 4BR | $2,250 | −$1,050 (-31.8%) | +$350 (+18.4%) | $2,250 – $2,475 | 3 |
Median, P25, and P75 are asking rents from listings posted in June 2022. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — June 2022
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,164 | $990 | +$174 (+17.6%) |
| 1BR | $1,975 | $1,250 | +$725 (+58.0%) |
| 1BR | $2,125 | $1,250 | +$875 (+70.0%) |
| 2BR | $1,850 | $1,570 | +$280 (+17.9%) |
| 2BR | $1,750 | $1,570 | +$180 (+11.5%) |
| 3BR | $1,850 | $1,995 | −$145 (-7.3%) |
| 3BR | $3,500 | $1,995 | +$1,505 (+75.4%) |
| 4BR | $2,250 | $2,496 | −$246 (-9.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2022.