Monthly Rent Report
Chinatown Rent Report — August 2023
Asking rents in ZIP 60616, Chicago, from 110 listings.
Median 1BR rent in Chinatown was $1,953 in August 2023, up 2.8% (+$53) from July 2023 and unchanged year-over-year. The middle half of 1BR listings asked between $1,744 and $2,173. That puts Chinatown $433 above the Chicago citywide 1BR median of $1,520. The month's figures are based on 110 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,378 | +$228 (+19.8%) | +$103 (+8.1%) | $1,325 – $1,395 | 5 |
| Studio | $1,550 | +$400 (+34.8%) | +$275 (+21.6%) | $1,550 – $1,550 | 1 |
| 1BR | $1,953 | +$53 (+2.8%) | $0 (0.0%) | $1,744 – $2,173 | 30 |
| 1BR | $1,940 | +$40 (+2.1%) | −$12 (-0.6%) | $1,930 – $2,073 | 3 |
| 2BR | $2,405 | −$280 (-10.4%) | −$130 (-5.1%) | $2,290 – $2,525 | 13 |
| 2BR | $2,762 | +$77 (+2.9%) | +$227 (+9.0%) | $2,365 – $2,974 | 26 |
| 3BR | $1,962 | −$38 (-1.9%) | +$512 (+35.3%) | $1,845 – $2,662 | 14 |
| 3BR | $3,120 | +$1,120 (+56.0%) | +$1,670 (+115.2%) | $3,120 – $3,120 | 1 |
| 4BR | $2,253 | −$1,497 (-39.9%) | +$703 (+45.4%) | $2,200 – $2,575 | 13 |
| 4BR | $2,253 | −$1,497 (-39.9%) | +$703 (+45.4%) | $2,253 – $2,253 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — August 2023
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,378 | $1,250 | +$128 (+10.2%) |
| Studio | $1,550 | $1,250 | +$300 (+24.0%) |
| 1BR | $1,953 | $1,520 | +$433 (+28.5%) |
| 1BR | $1,940 | $1,520 | +$420 (+27.6%) |
| 2BR | $2,405 | $1,808 | +$598 (+33.1%) |
| 2BR | $2,762 | $1,808 | +$955 (+52.8%) |
| 3BR | $1,962 | $2,395 | −$433 (-18.1%) |
| 3BR | $3,120 | $2,395 | +$725 (+30.3%) |
| 4BR | $2,253 | $2,692 | −$439 (-16.3%) |
| 4BR | $2,253 | $2,692 | −$439 (-16.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.