Monthly Rent Report
Chinatown Rent Report — September 2023
Asking rents in ZIP 60616, Chicago, from 37 listings.
Median 1BR rent in Chinatown was $1,998 in September 2023, up 2.3% (+$45) from August 2023 and down 6.0% year-over-year. The middle half of 1BR listings asked between $1,395 and $2,150. That puts Chinatown $548 above the Chicago citywide 1BR median of $1,450. The month's figures are based on 37 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,325 | −$225 (-14.5%) | +$26 (+2.0%) | $1,288 – $1,325 | 3 |
| 1BR | $1,998 | +$45 (+2.3%) | −$127 (-6.0%) | $1,395 – $2,150 | 8 |
| 1BR | $1,965 | +$13 (+0.6%) | −$160 (-7.5%) | $1,896 – $2,023 | 6 |
| 2BR | $2,875 | +$470 (+19.5%) | +$675 (+30.7%) | $2,875 – $2,875 | 1 |
| 2BR | $2,390 | −$15 (-0.6%) | +$190 (+8.6%) | $2,300 – $2,630 | 7 |
| 3BR | $2,100 | +$139 (+7.1%) | +$70 (+3.4%) | $2,100 – $2,100 | 4 |
| 3BR | $3,050 | +$1,089 (+55.5%) | +$1,020 (+50.2%) | $3,050 – $3,050 | 1 |
| 4BR | $1,950 | −$303 (-13.4%) | −$550 (-22.0%) | $1,950 – $2,201 | 3 |
| 4BR | $3,725 | +$1,472 (+65.3%) | +$1,225 (+49.0%) | $1,950 – $5,500 | 4 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — September 2023
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,325 | $1,238 | +$88 (+7.1%) |
| 1BR | $1,998 | $1,450 | +$548 (+37.8%) |
| 1BR | $1,965 | $1,450 | +$515 (+35.5%) |
| 2BR | $2,875 | $1,738 | +$1,138 (+65.5%) |
| 2BR | $2,390 | $1,738 | +$653 (+37.6%) |
| 3BR | $2,100 | $2,327 | −$227 (-9.8%) |
| 3BR | $3,050 | $2,327 | +$723 (+31.1%) |
| 4BR | $1,950 | $2,783 | −$833 (-29.9%) |
| 4BR | $3,725 | $2,783 | +$942 (+33.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2023.