Monthly Rent Report
Chinatown Rent Report — December 2023
Asking rents in ZIP 60616, Chicago, from 389 listings.
Median 1BR rent in Chinatown was $2,100 in December 2023, up 16.7% (+$300) from November 2023 and up 5.0% year-over-year. The middle half of 1BR listings asked between $2,025 and $2,168. That puts Chinatown $645 above the Chicago citywide 1BR median of $1,455. The month's figures are based on 389 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,075 | −$10 (-0.9%) | +$200 (+22.9%) | $987 – $1,186 | 15 |
| Studio | $1,085 | $0 (0.0%) | +$210 (+24.0%) | $1,000 – $1,455 | 67 |
| 1BR | $2,100 | +$300 (+16.7%) | +$100 (+5.0%) | $2,025 – $2,168 | 7 |
| 1BR | $1,585 | −$215 (-12.0%) | −$415 (-20.8%) | $1,325 – $2,028 | 264 |
| 2BR | $2,450 | −$1,250 (-33.8%) | +$450 (+22.5%) | $2,300 – $3,238 | 6 |
| 2BR | $2,460 | −$1,240 (-33.5%) | +$460 (+23.0%) | $2,355 – $2,730 | 9 |
| 3BR | $3,220 | +$475 (+17.3%) | +$1,870 (+138.5%) | $3,220 – $3,220 | 1 |
| 3BR | $3,300 | +$555 (+20.2%) | +$1,950 (+144.4%) | $3,300 – $3,400 | 5 |
| 4BR | $2,334 | −$216 (-8.5%) | +$834 (+55.6%) | $2,150 – $2,513 | 8 |
| 4BR | $2,525 | −$25 (-1.0%) | +$1,025 (+68.3%) | $2,513 – $2,538 | 2 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — December 2023
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,075 | $1,218 | −$142 (-11.7%) |
| Studio | $1,085 | $1,218 | −$132 (-10.9%) |
| 1BR | $2,100 | $1,455 | +$645 (+44.3%) |
| 1BR | $1,585 | $1,455 | +$130 (+8.9%) |
| 2BR | $2,450 | $1,800 | +$650 (+36.1%) |
| 2BR | $2,460 | $1,800 | +$660 (+36.7%) |
| 3BR | $3,220 | $2,472 | +$748 (+30.3%) |
| 3BR | $3,300 | $2,472 | +$828 (+33.5%) |
| 4BR | $2,334 | $2,630 | −$296 (-11.3%) |
| 4BR | $2,525 | $2,630 | −$105 (-4.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2023.