Monthly Rent Report
Chinatown Rent Report — October 2022
Asking rents in ZIP 60616, Chicago, from 56 listings.
Median 1BR rent in Chinatown was $2,000 in October 2022, up 25.3% (+$404) from September 2022 and up 21.2% year-over-year. The middle half of 1BR listings asked between $2,000 and $2,000. That puts Chinatown $683 above the Chicago citywide 1BR median of $1,318. The month's figures are based on 56 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2022 | Vs. October 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,234 | −$65 (-5.0%) | +$436 (+54.6%) | $1,203 – $1,276 | 4 |
| Studio | $1,371 | +$72 (+5.5%) | +$573 (+71.8%) | $1,265 – $1,478 | 2 |
| 1BR | $2,000 | +$404 (+25.3%) | +$350 (+21.2%) | $2,000 – $2,000 | 4 |
| 1BR | $1,895 | +$299 (+18.7%) | +$245 (+14.8%) | $1,598 – $1,900 | 3 |
| 2BR | $2,213 | +$13 (+0.6%) | −$649 (-22.7%) | $1,563 – $2,213 | 10 |
| 2BR | $2,070 | −$130 (-5.9%) | −$792 (-27.7%) | $2,070 – $2,070 | 1 |
| 3BR | $1,800 | −$325 (-15.3%) | +$225 (+14.3%) | $1,800 – $1,950 | 16 |
| 3BR | $1,350 | −$775 (-36.5%) | −$225 (-14.3%) | $1,350 – $1,350 | 1 |
| 4BR | $2,998 | −$1,002 (-25.1%) | +$1,398 (+87.4%) | $2,997 – $2,999 | 2 |
| 4BR | $3,300 | −$700 (-17.5%) | +$1,700 (+106.3%) | $3,300 – $3,300 | 5 |
Median, P25, and P75 are asking rents from listings posted in October 2022. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — October 2022
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,234 | $1,050 | +$184 (+17.5%) |
| Studio | $1,371 | $1,050 | +$321 (+30.6%) |
| 1BR | $2,000 | $1,318 | +$683 (+51.8%) |
| 1BR | $1,895 | $1,318 | +$578 (+43.8%) |
| 2BR | $2,213 | $1,700 | +$513 (+30.2%) |
| 2BR | $2,070 | $1,700 | +$370 (+21.8%) |
| 3BR | $1,800 | $2,190 | −$390 (-17.8%) |
| 3BR | $1,350 | $2,190 | −$840 (-38.4%) |
| 4BR | $2,998 | $2,478 | +$521 (+21.0%) |
| 4BR | $3,300 | $2,478 | +$823 (+33.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2022.