Monthly Rent Report
Chinatown Rent Report — June 2023
Asking rents in ZIP 60616, Chicago, from 407 listings.
Median 1BR rent in Chinatown was $1,955 in June 2023, up 2.9% (+$55) from May 2023 and down 8.0% year-over-year. The middle half of 1BR listings asked between $1,910 and $2,010. That puts Chinatown $555 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 407 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,185 | +$225 (+23.4%) | +$21 (+1.8%) | $1,105 – $1,425 | 8 |
| Studio | $1,425 | +$465 (+48.4%) | +$261 (+22.4%) | $1,425 – $2,200 | 8 |
| 1BR | $1,955 | +$55 (+2.9%) | −$170 (-8.0%) | $1,910 – $2,010 | 9 |
| 1BR | $2,016 | +$116 (+6.1%) | −$109 (-5.1%) | $1,683 – $2,251 | 108 |
| 2BR | $2,499 | +$99 (+4.1%) | +$749 (+42.8%) | $1,771 – $2,780 | 141 |
| 2BR | $2,800 | +$400 (+16.7%) | +$1,050 (+60.0%) | $2,658 – $2,921 | 4 |
| 3BR | $1,913 | −$87 (-4.4%) | −$1,587 (-45.4%) | $1,845 – $3,173 | 120 |
| 3BR | $2,600 | +$600 (+30.0%) | −$900 (-25.7%) | $1,975 – $3,050 | 3 |
| 4BR | $4,395 | +$1,795 (+69.0%) | +$2,145 (+95.3%) | $4,395 – $4,395 | 1 |
| 4BR | $2,550 | −$50 (-1.9%) | +$300 (+13.3%) | $2,288 – $3,200 | 4 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — June 2023
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,185 | $1,243 | −$58 (-4.7%) |
| Studio | $1,425 | $1,243 | +$183 (+14.7%) |
| 1BR | $1,955 | $1,400 | +$555 (+39.6%) |
| 1BR | $2,016 | $1,400 | +$616 (+44.0%) |
| 2BR | $2,499 | $1,700 | +$799 (+47.0%) |
| 2BR | $2,800 | $1,700 | +$1,100 (+64.7%) |
| 3BR | $1,913 | $2,275 | −$362 (-15.9%) |
| 3BR | $2,600 | $2,275 | +$325 (+14.3%) |
| 4BR | $4,395 | $2,500 | +$1,895 (+75.8%) |
| 4BR | $2,550 | $2,500 | +$50 (+2.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2023.