Monthly Rent Report
Chinatown Rent Report — September 2022
Asking rents in ZIP 60616, Chicago, from 757 listings.
Median 1BR rent in Chinatown was $1,596 in September 2022, down 18.3% (−$356) from August 2022 and down 21.4% year-over-year. The middle half of 1BR listings asked between $1,402 and $1,957. That puts Chinatown $296 above the Chicago citywide 1BR median of $1,300. The month's figures are based on 757 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2022 | Vs. September 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,299 | +$20 (+1.6%) | +$331 (+34.1%) | $1,220 – $1,354 | 47 |
| Studio | $1,299 | +$20 (+1.6%) | +$331 (+34.1%) | $1,299 – $1,299 | 2 |
| 1BR | $1,596 | −$356 (-18.3%) | −$435 (-21.4%) | $1,402 – $1,957 | 304 |
| 1BR | $2,125 | +$173 (+8.8%) | +$94 (+4.6%) | $2,125 – $2,125 | 1 |
| 2BR | $2,900 | +$410 (+16.5%) | +$1,300 (+81.3%) | $2,900 – $2,900 | 1 |
| 2BR | $2,200 | −$290 (-11.6%) | +$600 (+37.5%) | $1,896 – $2,575 | 396 |
| 3BR | $2,125 | −$125 (-5.6%) | −$725 (-25.4%) | $1,988 – $2,263 | 2 |
| 3BR | $2,030 | −$220 (-9.8%) | −$820 (-28.8%) | $2,030 – $2,030 | 1 |
| 4BR | $2,500 | +$303 (+13.8%) | −$200 (-7.4%) | $2,500 – $2,500 | 2 |
| 4BR | $4,000 | +$1,803 (+82.0%) | +$1,300 (+48.1%) | $4,000 – $4,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2022. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — September 2022
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,299 | $1,050 | +$249 (+23.7%) |
| Studio | $1,299 | $1,050 | +$249 (+23.7%) |
| 1BR | $1,596 | $1,300 | +$296 (+22.8%) |
| 1BR | $2,125 | $1,300 | +$825 (+63.5%) |
| 2BR | $2,900 | $1,550 | +$1,350 (+87.1%) |
| 2BR | $2,200 | $1,550 | +$650 (+41.9%) |
| 3BR | $2,125 | $2,099 | +$26 (+1.2%) |
| 3BR | $2,030 | $2,099 | −$69 (-3.3%) |
| 4BR | $2,500 | $2,420 | +$80 (+3.3%) |
| 4BR | $4,000 | $2,420 | +$1,580 (+65.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2022.