Monthly Rent Report
Chinatown Rent Report — January 2023
Asking rents in ZIP 60616, Chicago, from 501 listings.
Median 1BR rent in Chinatown was $2,033 in January 2023, up 1.6% (+$33) from December 2022 and up 14.5% year-over-year. The middle half of 1BR listings asked between $1,694 and $2,244. That puts Chinatown $683 above the Chicago citywide 1BR median of $1,350. The month's figures are based on 501 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2022 | Vs. January 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,299 | +$424 (+48.5%) | +$158 (+13.8%) | $1,299 – $1,299 | 2 |
| Studio | $960 | +$85 (+9.7%) | −$181 (-15.9%) | $927 – $1,299 | 19 |
| 1BR | $2,033 | +$33 (+1.6%) | +$257 (+14.5%) | $1,694 – $2,244 | 190 |
| 1BR | $2,135 | +$135 (+6.8%) | +$360 (+20.2%) | $2,135 – $2,135 | 1 |
| 2BR | $2,340 | +$340 (+17.0%) | +$470 (+25.1%) | $1,728 – $2,580 | 182 |
| 2BR | $2,298 | +$298 (+14.9%) | +$428 (+22.9%) | $2,174 – $2,385 | 10 |
| 3BR | $1,150 | −$200 (-14.8%) | −$1,445 (-55.7%) | $1,150 – $1,150 | 1 |
| 3BR | $1,845 | +$495 (+36.7%) | −$750 (-28.9%) | $1,650 – $2,578 | 85 |
| 4BR | $2,750 | +$1,250 (+83.3%) | +$650 (+31.0%) | $1,900 – $3,600 | 4 |
| 4BR | $1,925 | +$425 (+28.3%) | −$175 (-8.3%) | $1,900 – $3,600 | 7 |
Median, P25, and P75 are asking rents from listings posted in January 2023. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — January 2023
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,299 | $1,061 | +$238 (+22.4%) |
| Studio | $960 | $1,061 | −$101 (-9.5%) |
| 1BR | $2,033 | $1,350 | +$683 (+50.6%) |
| 1BR | $2,135 | $1,350 | +$785 (+58.1%) |
| 2BR | $2,340 | $1,698 | +$643 (+37.8%) |
| 2BR | $2,298 | $1,698 | +$600 (+35.3%) |
| 3BR | $1,150 | $2,123 | −$972 (-45.8%) |
| 3BR | $1,845 | $2,123 | −$277 (-13.1%) |
| 4BR | $2,750 | $2,417 | +$334 (+13.8%) |
| 4BR | $1,925 | $2,417 | −$491 (-20.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2023.