Monthly Rent Report
Chinatown Rent Report — August 2022
Asking rents in ZIP 60616, Chicago, from 993 listings.
Median 1BR rent in Chinatown was $1,890 in August 2022, up 71.8% (+$790) from July 2022 and up 0.9% year-over-year. The middle half of 1BR listings asked between $1,531 and $2,230. That puts Chinatown $595 above the Chicago citywide 1BR median of $1,295. The month's figures are based on 993 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2022 | Vs. August 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,279 | −$21 (-1.6%) | +$204 (+19.0%) | $1,259 – $1,420 | 8 |
| Studio | $1,275 | −$25 (-1.9%) | +$200 (+18.6%) | $1,141 – $1,299 | 40 |
| 1BR | $1,890 | +$790 (+71.8%) | +$17 (+0.9%) | $1,531 – $2,230 | 330 |
| 1BR | $1,953 | +$853 (+77.5%) | +$80 (+4.2%) | $1,824 – $2,016 | 4 |
| 2BR | $2,490 | +$390 (+18.6%) | −$180 (-6.7%) | $2,034 – $2,794 | 446 |
| 2BR | $2,535 | +$435 (+20.7%) | −$135 (-5.1%) | $2,318 – $2,595 | 19 |
| 3BR | $2,250 | −$50 (-2.2%) | −$1,200 (-34.8%) | $1,845 – $3,250 | 130 |
| 3BR | $1,450 | −$850 (-37.0%) | −$2,000 (-58.0%) | $1,425 – $1,475 | 2 |
| 4BR | $2,198 | −$52 (-2.3%) | +$5 (+0.2%) | $1,550 – $2,400 | 10 |
| 4BR | $1,550 | −$700 (-31.1%) | −$643 (-29.3%) | $1,550 – $1,763 | 4 |
Median, P25, and P75 are asking rents from listings posted in August 2022. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — August 2022
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,279 | $1,095 | +$184 (+16.8%) |
| Studio | $1,275 | $1,095 | +$180 (+16.4%) |
| 1BR | $1,890 | $1,295 | +$595 (+45.9%) |
| 1BR | $1,953 | $1,295 | +$658 (+50.8%) |
| 2BR | $2,490 | $1,795 | +$695 (+38.7%) |
| 2BR | $2,535 | $1,795 | +$740 (+41.2%) |
| 3BR | $2,250 | $2,250 | $0 (0.0%) |
| 3BR | $1,450 | $2,250 | −$800 (-35.6%) |
| 4BR | $2,198 | $2,455 | −$257 (-10.5%) |
| 4BR | $1,550 | $2,455 | −$905 (-36.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2022.