Monthly Rent Report
Chinatown Rent Report — October 2023
Asking rents in ZIP 60616, Chicago, from 175 listings.
Median 1BR rent in Chinatown was $1,880 in October 2023, down 4.3% (−$85) from September 2023 and down 0.8% year-over-year. The middle half of 1BR listings asked between $1,830 and $2,070. That puts Chinatown $405 above the Chicago citywide 1BR median of $1,475. The month's figures are based on 175 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,242 | −$83 (-6.3%) | −$129 (-9.4%) | $1,065 – $1,425 | 46 |
| Studio | $1,861 | +$536 (+40.5%) | +$490 (+35.7%) | $1,701 – $2,018 | 4 |
| 1BR | $1,880 | −$85 (-4.3%) | −$15 (-0.8%) | $1,830 – $2,070 | 3 |
| 1BR | $1,775 | −$190 (-9.7%) | −$120 (-6.3%) | $1,495 – $1,900 | 18 |
| 2BR | $2,483 | +$93 (+3.9%) | +$413 (+19.9%) | $2,313 – $2,586 | 12 |
| 2BR | $1,600 | −$790 (-33.1%) | −$470 (-22.7%) | $1,400 – $2,400 | 41 |
| 3BR | $2,450 | −$600 (-19.7%) | +$1,100 (+81.5%) | $1,925 – $3,150 | 30 |
| 3BR | $3,010 | −$40 (-1.3%) | +$1,660 (+123.0%) | $3,010 – $3,010 | 1 |
| 4BR | $5,250 | +$1,525 (+40.9%) | +$1,950 (+59.1%) | $3,113 – $5,250 | 6 |
| 4BR | $2,494 | −$1,231 (-33.1%) | −$806 (-24.4%) | $1,950 – $4,769 | 14 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — October 2023
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,242 | $1,200 | +$42 (+3.5%) |
| Studio | $1,861 | $1,200 | +$661 (+55.1%) |
| 1BR | $1,880 | $1,475 | +$405 (+27.5%) |
| 1BR | $1,775 | $1,475 | +$300 (+20.3%) |
| 2BR | $2,483 | $1,800 | +$683 (+37.9%) |
| 2BR | $1,600 | $1,800 | −$200 (-11.1%) |
| 3BR | $2,450 | $2,450 | $0 (0.0%) |
| 3BR | $3,010 | $2,450 | +$560 (+22.9%) |
| 4BR | $5,250 | $2,575 | +$2,675 (+103.9%) |
| 4BR | $2,494 | $2,575 | −$81 (-3.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2023.