Monthly Rent Report
Chinatown Rent Report — November 2022
Asking rents in ZIP 60616, Chicago, from 46 listings.
Median 1BR rent in Chinatown was $1,400 in November 2022, down 26.1% (−$495) from October 2022 and down 23.7% year-over-year. The middle half of 1BR listings asked between $1,400 and $1,400. That puts Chinatown in line with the Chicago citywide 1BR median of $1,400. The month's figures are based on 46 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2022 | Vs. November 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,299 | −$72 (-5.3%) | +$406 (+45.5%) | $1,299 – $1,299 | 2 |
| Studio | $1,299 | −$72 (-5.3%) | +$406 (+45.5%) | $1,299 – $1,325 | 7 |
| 1BR | $1,400 | −$495 (-26.1%) | −$434 (-23.7%) | $1,400 – $1,400 | 1 |
| 1BR | $1,923 | +$28 (+1.5%) | +$89 (+4.8%) | $1,861 – $1,984 | 2 |
| 2BR | $1,300 | −$913 (-41.3%) | −$476 (-26.8%) | $1,000 – $2,125 | 7 |
| 2BR | $2,295 | +$82 (+3.7%) | +$519 (+29.2%) | $2,253 – $2,358 | 7 |
| 3BR | $3,295 | +$1,945 (+144.1%) | +$1,720 (+109.2%) | $3,295 – $3,295 | 5 |
| 3BR | $3,281 | +$1,931 (+143.0%) | +$1,706 (+108.3%) | $3,281 – $3,281 | 1 |
| 4BR | $2,600 | −$398 (-13.3%) | +$608 (+30.5%) | $2,600 – $2,600 | 9 |
| 4BR | $2,600 | −$398 (-13.3%) | +$608 (+30.5%) | $2,600 – $2,600 | 3 |
Median, P25, and P75 are asking rents from listings posted in November 2022. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — November 2022
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,299 | $1,120 | +$179 (+16.0%) |
| Studio | $1,299 | $1,120 | +$179 (+16.0%) |
| 1BR | $1,400 | $1,400 | $0 (0.0%) |
| 1BR | $1,923 | $1,400 | +$523 (+37.3%) |
| 2BR | $1,300 | $1,700 | −$400 (-23.5%) |
| 2BR | $2,295 | $1,700 | +$595 (+35.0%) |
| 3BR | $3,295 | $2,100 | +$1,195 (+56.9%) |
| 3BR | $3,281 | $2,100 | +$1,181 (+56.2%) |
| 4BR | $2,600 | $2,500 | +$100 (+4.0%) |
| 4BR | $2,600 | $2,500 | +$100 (+4.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2022.