Monthly Rent Report
Chinatown Rent Report — January 2024
Asking rents in ZIP 60616, Chicago, from 169 listings.
Median 1BR rent in Chinatown was $1,600 in January 2024, up 1.0% (+$16) from December 2023 and down 25.1% year-over-year. The middle half of 1BR listings asked between $1,517 and $2,100. That puts Chinatown $83 above the Chicago citywide 1BR median of $1,517. The month's figures are based on 169 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,291 | +$206 (+18.9%) | +$331 (+34.4%) | $1,227 – $1,372 | 4 |
| Studio | $1,291 | +$206 (+18.9%) | +$331 (+34.4%) | $1,227 – $1,372 | 4 |
| 1BR | $1,600 | +$16 (+1.0%) | −$535 (-25.1%) | $1,517 – $2,100 | 27 |
| 1BR | $2,185 | +$601 (+37.9%) | +$50 (+2.3%) | $2,105 – $2,265 | 2 |
| 2BR | $1,995 | −$455 (-18.6%) | −$302 (-13.2%) | $1,500 – $2,300 | 73 |
| 2BR | $2,475 | +$25 (+1.0%) | +$178 (+7.7%) | $2,475 – $2,475 | 1 |
| 3BR | $3,300 | $0 (0.0%) | +$1,455 (+78.9%) | $3,300 – $3,300 | 3 |
| 3BR | $2,395 | −$905 (-27.4%) | +$550 (+29.8%) | $1,845 – $2,995 | 39 |
| 4BR | $2,500 | +$167 (+7.1%) | +$575 (+29.9%) | $2,065 – $5,400 | 8 |
| 4BR | $2,500 | +$167 (+7.1%) | +$575 (+29.9%) | $2,315 – $5,800 | 6 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — January 2024
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,291 | $1,225 | +$66 (+5.3%) |
| Studio | $1,291 | $1,225 | +$66 (+5.3%) |
| 1BR | $1,600 | $1,517 | +$83 (+5.5%) |
| 1BR | $2,185 | $1,517 | +$668 (+44.0%) |
| 2BR | $1,995 | $1,800 | +$195 (+10.8%) |
| 2BR | $2,475 | $1,800 | +$675 (+37.5%) |
| 3BR | $3,300 | $2,300 | +$1,000 (+43.5%) |
| 3BR | $2,395 | $2,300 | +$95 (+4.1%) |
| 4BR | $2,500 | $2,792 | −$291 (-10.4%) |
| 4BR | $2,500 | $2,792 | −$291 (-10.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2024.