Monthly Rent Report
Chinatown Rent Report — July 2023
Asking rents in ZIP 60616, Chicago, from 150 listings.
Median 1BR rent in Chinatown was $1,900 in July 2023, down 2.8% (−$55) from June 2023 and up 72.7% year-over-year. The middle half of 1BR listings asked between $1,585 and $2,152. That puts Chinatown $450 above the Chicago citywide 1BR median of $1,450. The month's figures are based on 150 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,150 | −$275 (-19.3%) | −$150 (-11.5%) | $1,150 – $1,150 | 1 |
| Studio | $1,226 | −$199 (-14.0%) | −$74 (-5.7%) | $1,169 – $1,507 | 6 |
| 1BR | $1,900 | −$55 (-2.8%) | +$800 (+72.7%) | $1,585 – $2,152 | 43 |
| 1BR | $2,080 | +$125 (+6.4%) | +$980 (+89.1%) | $2,035 – $2,115 | 3 |
| 2BR | $2,685 | +$186 (+7.4%) | +$585 (+27.9%) | $2,049 – $3,138 | 46 |
| 2BR | $2,718 | +$219 (+8.7%) | +$618 (+29.4%) | $2,659 – $2,863 | 6 |
| 3BR | $2,000 | −$600 (-23.1%) | −$300 (-13.0%) | $1,845 – $3,275 | 39 |
| 3BR | $2,200 | −$400 (-15.4%) | −$100 (-4.3%) | $2,200 – $2,200 | 1 |
| 4BR | $2,500 | −$50 (-2.0%) | +$450 (+22.0%) | $2,500 – $2,500 | 1 |
| 4BR | $3,750 | +$1,200 (+47.1%) | +$1,700 (+82.9%) | $2,470 – $4,925 | 4 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — July 2023
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,150 | $1,200 | −$50 (-4.2%) |
| Studio | $1,226 | $1,200 | +$26 (+2.2%) |
| 1BR | $1,900 | $1,450 | +$450 (+31.0%) |
| 1BR | $2,080 | $1,450 | +$630 (+43.4%) |
| 2BR | $2,685 | $1,795 | +$890 (+49.6%) |
| 2BR | $2,718 | $1,795 | +$923 (+51.4%) |
| 3BR | $2,000 | $2,273 | −$272 (-12.0%) |
| 3BR | $2,200 | $2,273 | −$72 (-3.2%) |
| 4BR | $2,500 | $2,709 | −$208 (-7.7%) |
| 4BR | $3,750 | $2,709 | +$1,042 (+38.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2023.