Monthly Rent Report
Chinatown Rent Report — December 2022
Asking rents in ZIP 60616, Chicago, from 221 listings.
Median 1BR rent in Chinatown was $2,357 in December 2022, up 22.6% (+$435) from November 2022 and up 34.5% year-over-year. The middle half of 1BR listings asked between $2,205 and $2,509. That puts Chinatown $1,012 above the Chicago citywide 1BR median of $1,345. The month's figures are based on 221 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2022 | Vs. December 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $947 | −$352 (-27.1%) | −$2,303 (-70.9%) | $875 – $1,299 | 17 |
| Studio | $875 | −$424 (-32.6%) | −$2,375 (-73.1%) | $713 – $1,299 | 7 |
| 1BR | $2,357 | +$435 (+22.6%) | +$605 (+34.5%) | $2,205 – $2,509 | 4 |
| 1BR | $2,000 | +$78 (+4.0%) | +$248 (+14.1%) | $1,706 – $2,134 | 26 |
| 2BR | $2,170 | −$125 (-5.4%) | +$393 (+22.1%) | $2,170 – $2,170 | 1 |
| 2BR | $2,000 | −$295 (-12.9%) | +$223 (+12.5%) | $1,500 – $2,690 | 93 |
| 3BR | $1,850 | −$1,445 (-43.9%) | +$12 (+0.7%) | $1,650 – $3,176 | 58 |
| 3BR | $1,350 | −$1,945 (-59.0%) | −$488 (-26.6%) | $1,350 – $1,350 | 1 |
| 4BR | $1,700 | −$900 (-34.6%) | −$1,900 (-52.8%) | $1,300 – $2,513 | 8 |
| 4BR | $1,500 | −$1,100 (-42.3%) | −$2,100 (-58.3%) | $1,225 – $1,700 | 6 |
Median, P25, and P75 are asking rents from listings posted in December 2022. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — December 2022
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $947 | $1,050 | −$103 (-9.8%) |
| Studio | $875 | $1,050 | −$175 (-16.7%) |
| 1BR | $2,357 | $1,345 | +$1,012 (+75.2%) |
| 1BR | $2,000 | $1,345 | +$655 (+48.7%) |
| 2BR | $2,170 | $1,675 | +$495 (+29.6%) |
| 2BR | $2,000 | $1,675 | +$325 (+19.4%) |
| 3BR | $1,850 | $2,181 | −$331 (-15.2%) |
| 3BR | $1,350 | $2,181 | −$831 (-38.1%) |
| 4BR | $1,700 | $2,589 | −$889 (-34.3%) |
| 4BR | $1,500 | $2,589 | −$1,089 (-42.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2022.