Monthly Rent Report
Chinatown Rent Report — July 2022
Asking rents in ZIP 60616, Chicago, from 95 listings.
Median 1BR rent in Chinatown was $1,100 in July 2022, down 44.3% (−$875) from June 2022 and down 47.4% year-over-year. The middle half of 1BR listings asked between $1,100 and $1,100. That puts Chinatown $125 below the Chicago citywide 1BR median of $1,225. The month's figures are based on 95 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2022 | Vs. July 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,300 | +$136 (+11.7%) | +$225 (+20.9%) | $1,300 – $1,300 | 1 |
| Studio | $1,300 | +$136 (+11.7%) | +$225 (+20.9%) | $1,247 – $1,375 | 8 |
| 1BR | $1,100 | −$875 (-44.3%) | −$990 (-47.4%) | $1,100 – $1,100 | 1 |
| 1BR | $1,100 | −$875 (-44.3%) | −$990 (-47.4%) | $1,100 – $1,100 | 1 |
| 2BR | $2,100 | +$350 (+20.0%) | −$685 (-24.6%) | $1,850 – $2,350 | 2 |
| 2BR | $2,985 | +$1,235 (+70.6%) | +$200 (+7.2%) | $2,758 – $2,990 | 7 |
| 3BR | $2,300 | +$450 (+24.3%) | −$422 (-15.5%) | $2,300 – $2,300 | 5 |
| 3BR | $1,845 | −$5 (-0.3%) | −$877 (-32.2%) | $1,788 – $1,960 | 60 |
| 4BR | $2,050 | −$200 (-8.9%) | −$104 (-4.9%) | $2,025 – $2,075 | 2 |
| 4BR | $2,250 | $0 (0.0%) | +$96 (+4.4%) | $2,225 – $2,250 | 8 |
Median, P25, and P75 are asking rents from listings posted in July 2022. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — July 2022
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,300 | $1,104 | +$196 (+17.8%) |
| Studio | $1,300 | $1,104 | +$196 (+17.8%) |
| 1BR | $1,100 | $1,225 | −$125 (-10.2%) |
| 1BR | $1,100 | $1,225 | −$125 (-10.2%) |
| 2BR | $2,100 | $1,695 | +$405 (+23.9%) |
| 2BR | $2,985 | $1,695 | +$1,290 (+76.1%) |
| 3BR | $2,300 | $2,200 | +$100 (+4.5%) |
| 3BR | $1,845 | $2,200 | −$355 (-16.1%) |
| 4BR | $2,050 | $2,500 | −$450 (-18.0%) |
| 4BR | $2,250 | $2,500 | −$250 (-10.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2022.