Monthly Rent Report
Chinatown Rent Report — February 2024
Asking rents in ZIP 60616, Chicago, from 659 listings.
Median 1BR rent in Chinatown was $1,650 in February 2024, up 3.1% (+$50) from January 2024 and down 18.6% year-over-year. The middle half of 1BR listings asked between $1,344 and $2,084. That puts Chinatown $150 above the Chicago citywide 1BR median of $1,500. The month's figures are based on 659 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,325 | +$35 (+2.7%) | −$475 (-26.4%) | $1,325 – $1,325 | 2 |
| Studio | $1,088 | −$203 (-15.7%) | −$712 (-39.6%) | $1,025 – $1,325 | 58 |
| 1BR | $1,650 | +$50 (+3.1%) | −$377 (-18.6%) | $1,344 – $2,084 | 220 |
| 1BR | $2,160 | +$560 (+35.0%) | +$133 (+6.5%) | $1,943 – $2,246 | 8 |
| 2BR | $2,510 | +$35 (+1.4%) | −$50 (-2.0%) | $2,500 – $2,565 | 4 |
| 2BR | $1,938 | −$537 (-21.7%) | −$622 (-24.3%) | $1,700 – $2,795 | 237 |
| 3BR | $2,100 | −$1,200 (-36.4%) | +$100 (+5.0%) | $1,845 – $2,873 | 99 |
| 3BR | $1,450 | −$1,850 (-56.1%) | −$550 (-27.5%) | $1,450 – $1,450 | 1 |
| 4BR | $2,377 | −$123 (-4.9%) | +$392 (+19.7%) | $1,995 – $4,700 | 26 |
| 4BR | $4,448 | +$1,948 (+77.9%) | +$2,463 (+124.1%) | $1,871 – $7,138 | 4 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — February 2024
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,325 | $1,211 | +$114 (+9.4%) |
| Studio | $1,088 | $1,211 | −$124 (-10.2%) |
| 1BR | $1,650 | $1,500 | +$150 (+10.0%) |
| 1BR | $2,160 | $1,500 | +$660 (+44.0%) |
| 2BR | $2,510 | $1,813 | +$698 (+38.5%) |
| 2BR | $1,938 | $1,813 | +$126 (+6.9%) |
| 3BR | $2,100 | $2,300 | −$200 (-8.7%) |
| 3BR | $1,450 | $2,300 | −$850 (-37.0%) |
| 4BR | $2,377 | $2,792 | −$415 (-14.9%) |
| 4BR | $4,448 | $2,792 | +$1,656 (+59.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2024.