Monthly Rent Report
Chinatown Rent Report — April 2024
Asking rents in ZIP 60616, Chicago, from 671 listings.
Median 1BR rent in Chinatown was $2,113 in April 2024, up 1.3% (+$28) from March 2024 and up 3.4% year-over-year. The middle half of 1BR listings asked between $2,040 and $2,328. That puts Chinatown $613 above the Chicago citywide 1BR median of $1,500. The month's figures are based on 671 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,125 | −$459 (-29.0%) | +$112 (+11.0%) | $1,055 – $1,299 | 57 |
| Studio | $1,135 | −$449 (-28.3%) | +$122 (+12.0%) | $1,055 – $1,318 | 79 |
| 1BR | $2,113 | +$28 (+1.3%) | +$70 (+3.4%) | $2,040 – $2,328 | 6 |
| 1BR | $1,388 | −$697 (-33.5%) | −$655 (-32.1%) | $1,260 – $1,850 | 192 |
| 2BR | $2,550 | −$50 (-1.9%) | +$350 (+15.9%) | $2,550 – $2,550 | 1 |
| 2BR | $2,199 | −$401 (-15.4%) | −$1 (-0.0%) | $1,640 – $2,800 | 227 |
| 3BR | $2,800 | +$901 (+47.4%) | −$620 (-18.1%) | $2,800 – $2,800 | 1 |
| 3BR | $2,300 | +$401 (+21.1%) | −$1,120 (-32.7%) | $1,845 – $3,300 | 98 |
| 4BR | $4,000 | +$1,400 (+53.8%) | +$1,400 (+53.8%) | $4,000 – $4,000 | 1 |
| 4BR | $4,000 | +$1,400 (+53.8%) | +$1,400 (+53.8%) | $4,000 – $5,000 | 9 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — April 2024
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,125 | $1,222 | −$97 (-7.9%) |
| Studio | $1,135 | $1,222 | −$87 (-7.1%) |
| 1BR | $2,113 | $1,500 | +$613 (+40.8%) |
| 1BR | $1,388 | $1,500 | −$112 (-7.5%) |
| 2BR | $2,550 | $1,850 | +$700 (+37.8%) |
| 2BR | $2,199 | $1,850 | +$349 (+18.9%) |
| 3BR | $2,800 | $2,300 | +$500 (+21.7%) |
| 3BR | $2,300 | $2,300 | $0 (0.0%) |
| 4BR | $4,000 | $2,800 | +$1,200 (+42.9%) |
| 4BR | $4,000 | $2,800 | +$1,200 (+42.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2024.