Monthly Rent Report
Chinatown Rent Report — April 2023
Asking rents in ZIP 60616, Chicago, from 649 listings.
Median 1BR rent in Chinatown was $1,800 in April 2023, down 17.4% (−$380) from March 2023 and up 5.9% year-over-year. The middle half of 1BR listings asked between $1,288 and $2,200. That puts Chinatown $375 above the Chicago citywide 1BR median of $1,425. The month's figures are based on 649 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,030 | −$395 (-27.7%) | −$270 (-20.8%) | $926 – $1,150 | 39 |
| Studio | $1,014 | −$411 (-28.9%) | −$286 (-22.0%) | $925 – $1,150 | 38 |
| 1BR | $1,800 | −$380 (-17.4%) | +$100 (+5.9%) | $1,288 – $2,200 | 209 |
| 1BR | $2,043 | −$137 (-6.3%) | +$343 (+20.1%) | $1,988 – $2,135 | 8 |
| 2BR | $2,630 | +$746 (+39.6%) | +$1,330 (+102.3%) | $2,590 – $2,715 | 7 |
| 2BR | $2,200 | +$316 (+16.8%) | +$900 (+69.2%) | $1,598 – $2,804 | 186 |
| 3BR | $3,420 | +$320 (+10.3%) | +$725 (+26.9%) | $3,420 – $3,420 | 1 |
| 3BR | $2,152 | −$948 (-30.6%) | −$543 (-20.1%) | $1,845 – $3,234 | 147 |
| 4BR | $2,600 | −$1,900 (-42.2%) | −$1,000 (-27.8%) | $2,200 – $3,550 | 7 |
| 4BR | $2,600 | −$1,900 (-42.2%) | −$1,000 (-27.8%) | $2,200 – $3,550 | 7 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — April 2023
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,030 | $1,195 | −$165 (-13.8%) |
| Studio | $1,014 | $1,195 | −$181 (-15.2%) |
| 1BR | $1,800 | $1,425 | +$375 (+26.3%) |
| 1BR | $2,043 | $1,425 | +$618 (+43.3%) |
| 2BR | $2,630 | $1,725 | +$905 (+52.5%) |
| 2BR | $2,200 | $1,725 | +$475 (+27.5%) |
| 3BR | $3,420 | $2,300 | +$1,120 (+48.7%) |
| 3BR | $2,152 | $2,300 | −$148 (-6.4%) |
| 4BR | $2,600 | $2,597 | +$3 (+0.1%) |
| 4BR | $2,600 | $2,597 | +$3 (+0.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2023.