Monthly Rent Report
Chinatown Rent Report — February 2023
Asking rents in ZIP 60616, Chicago, from 534 listings.
Median 1BR rent in Chinatown was $1,899 in February 2023, down 6.6% (−$134) from January 2023 and down 3.5% year-over-year. The middle half of 1BR listings asked between $1,286 and $2,146. That puts Chinatown $499 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 534 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,800 | +$501 (+38.6%) | +$681 (+60.8%) | $1,800 – $1,800 | 1 |
| Studio | $1,135 | −$164 (-12.6%) | +$16 (+1.4%) | $1,029 – $1,299 | 34 |
| 1BR | $1,899 | −$134 (-6.6%) | −$69 (-3.5%) | $1,286 – $2,146 | 172 |
| 1BR | $2,028 | −$5 (-0.2%) | +$60 (+3.0%) | $2,008 – $2,171 | 4 |
| 2BR | $2,560 | +$220 (+9.4%) | −$55 (-2.1%) | $2,545 – $2,715 | 3 |
| 2BR | $2,300 | −$40 (-1.7%) | −$315 (-12.0%) | $1,700 – $2,775 | 169 |
| 3BR | $1,845 | $0 (0.0%) | −$2,827 (-60.5%) | $1,700 – $2,995 | 127 |
| 3BR | $2,000 | +$155 (+8.4%) | −$2,672 (-57.2%) | $2,000 – $2,000 | 1 |
| 4BR | $3,600 | +$1,675 (+87.0%) | $0 (0.0%) | $3,600 – $3,600 | 1 |
| 4BR | $1,985 | +$60 (+3.1%) | −$1,615 (-44.9%) | $1,800 – $2,200 | 18 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — February 2023
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,800 | $1,149 | +$651 (+56.7%) |
| Studio | $1,135 | $1,149 | −$14 (-1.2%) |
| 1BR | $1,899 | $1,400 | +$499 (+35.6%) |
| 1BR | $2,028 | $1,400 | +$628 (+44.8%) |
| 2BR | $2,560 | $1,695 | +$865 (+51.0%) |
| 2BR | $2,300 | $1,695 | +$605 (+35.7%) |
| 3BR | $1,845 | $2,188 | −$342 (-15.7%) |
| 3BR | $2,000 | $2,188 | −$187 (-8.6%) |
| 4BR | $3,600 | $2,393 | +$1,208 (+50.5%) |
| 4BR | $1,985 | $2,393 | −$407 (-17.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2023.