Monthly Rent Report
Chinatown Rent Report — March 2024
Asking rents in ZIP 60616, Chicago, from 361 listings.
Median 1BR rent in Chinatown was $1,865 in March 2024, down 13.7% (−$295) from February 2024 and down 14.4% year-over-year. The middle half of 1BR listings asked between $1,400 and $2,135. That puts Chinatown $361 above the Chicago citywide 1BR median of $1,505. The month's figures are based on 361 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,584 | +$497 (+45.7%) | +$434 (+37.7%) | $1,267 – $1,584 | 5 |
| Studio | $1,231 | +$144 (+13.2%) | +$81 (+7.0%) | $1,050 – $1,584 | 28 |
| 1BR | $1,865 | −$295 (-13.7%) | −$315 (-14.4%) | $1,400 – $2,135 | 173 |
| 1BR | $2,085 | −$75 (-3.5%) | −$95 (-4.4%) | $1,955 – $2,180 | 17 |
| 2BR | $2,600 | +$90 (+3.6%) | −$115 (-4.2%) | $2,600 – $2,600 | 4 |
| 2BR | $3,000 | +$490 (+19.5%) | +$285 (+10.5%) | $3,000 – $3,000 | 1 |
| 3BR | $1,899 | −$201 (-9.6%) | −$1,201 (-38.7%) | $1,845 – $2,995 | 106 |
| 3BR | $1,420 | −$680 (-32.4%) | −$1,680 (-54.2%) | $1,420 – $1,420 | 1 |
| 4BR | $2,500 | +$124 (+5.2%) | −$1,550 (-38.3%) | $2,142 – $2,600 | 11 |
| 4BR | $2,600 | +$224 (+9.4%) | −$1,450 (-35.8%) | $2,032 – $3,700 | 14 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — March 2024
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,584 | $1,225 | +$359 (+29.3%) |
| Studio | $1,231 | $1,225 | +$6 (+0.5%) |
| 1BR | $1,865 | $1,505 | +$361 (+24.0%) |
| 1BR | $2,085 | $1,505 | +$581 (+38.6%) |
| 2BR | $2,600 | $1,900 | +$700 (+36.8%) |
| 2BR | $3,000 | $1,900 | +$1,100 (+57.9%) |
| 3BR | $1,899 | $2,250 | −$351 (-15.6%) |
| 3BR | $1,420 | $2,250 | −$830 (-36.9%) |
| 4BR | $2,500 | $2,650 | −$150 (-5.7%) |
| 4BR | $2,600 | $2,650 | −$50 (-1.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2024.