Monthly Rent Report
Chinatown Rent Report — November 2023
Asking rents in ZIP 60616, Chicago, from 144 listings.
Median 1BR rent in Chinatown was $2,090 in November 2023, up 17.7% (+$315) from October 2023 and up 8.7% year-over-year. The middle half of 1BR listings asked between $2,008 and $2,118. That puts Chinatown $587 above the Chicago citywide 1BR median of $1,504. The month's figures are based on 144 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,090 | −$152 (-12.2%) | −$209 (-16.1%) | $1,025 – $1,380 | 71 |
| Studio | $1,085 | −$157 (-12.6%) | −$214 (-16.5%) | $1,025 – $1,325 | 13 |
| 1BR | $2,090 | +$315 (+17.7%) | +$168 (+8.7%) | $2,008 – $2,118 | 7 |
| 1BR | $1,800 | +$25 (+1.4%) | −$122 (-6.4%) | $1,800 – $1,870 | 3 |
| 2BR | $3,700 | +$1,218 (+49.0%) | +$1,405 (+61.2%) | $3,125 – $3,700 | 3 |
| 2BR | $2,455 | −$27 (-1.1%) | +$160 (+7.0%) | $2,390 – $2,610 | 7 |
| 3BR | $2,745 | −$265 (-8.8%) | −$536 (-16.3%) | $2,500 – $2,745 | 7 |
| 3BR | $2,825 | −$185 (-6.1%) | −$456 (-13.9%) | $2,818 – $2,833 | 2 |
| 4BR | $2,550 | +$57 (+2.3%) | −$50 (-1.9%) | $2,199 – $4,500 | 29 |
| 4BR | $2,306 | −$187 (-7.5%) | −$294 (-11.3%) | $2,302 – $2,311 | 2 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — November 2023
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,090 | $1,160 | −$70 (-6.0%) |
| Studio | $1,085 | $1,160 | −$75 (-6.5%) |
| 1BR | $2,090 | $1,504 | +$587 (+39.0%) |
| 1BR | $1,800 | $1,504 | +$297 (+19.7%) |
| 2BR | $3,700 | $1,800 | +$1,900 (+105.6%) |
| 2BR | $2,455 | $1,800 | +$655 (+36.4%) |
| 3BR | $2,745 | $2,298 | +$448 (+19.5%) |
| 3BR | $2,825 | $2,298 | +$528 (+23.0%) |
| 4BR | $2,550 | $2,750 | −$200 (-7.3%) |
| 4BR | $2,306 | $2,750 | −$444 (-16.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2023.