Monthly Rent Report
Chinatown Rent Report — June 2024
Asking rents in ZIP 60616, Chicago, from 1,489 listings.
Median 1BR rent in Chinatown was $1,600 in June 2024, down 29.5% (−$670) from May 2024 and down 20.6% year-over-year. The middle half of 1BR listings asked between $1,300 and $2,150. That puts Chinatown $101 above the Chicago citywide 1BR median of $1,499. The month's figures are based on 1,489 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,095 | −$20 (-1.8%) | −$89 (-7.6%) | $1,050 – $1,190 | 92 |
| Studio | $1,095 | −$20 (-1.8%) | −$89 (-7.6%) | $1,050 – $1,195 | 66 |
| 1BR | $1,600 | −$670 (-29.5%) | −$416 (-20.6%) | $1,300 – $2,150 | 567 |
| 1BR | $1,995 | −$275 (-12.1%) | −$21 (-1.0%) | $1,995 – $1,995 | 1 |
| 2BR | $2,350 | −$147 (-5.9%) | −$149 (-6.0%) | $1,775 – $2,805 | 509 |
| 2BR | $2,765 | +$268 (+10.7%) | +$266 (+10.6%) | $2,655 – $2,885 | 9 |
| 3BR | $2,150 | +$150 (+7.5%) | −$450 (-17.3%) | $1,845 – $3,156 | 210 |
| 3BR | $2,500 | +$500 (+25.0%) | −$100 (-3.8%) | $2,500 – $2,500 | 1 |
| 4BR | $2,600 | −$287 (-10.0%) | +$50 (+2.0%) | $2,100 – $3,738 | 15 |
| 4BR | $2,600 | −$287 (-10.0%) | +$50 (+2.0%) | $1,700 – $4,500 | 16 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — June 2024
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,095 | $1,149 | −$54 (-4.7%) |
| Studio | $1,095 | $1,149 | −$54 (-4.7%) |
| 1BR | $1,600 | $1,499 | +$101 (+6.8%) |
| 1BR | $1,995 | $1,499 | +$496 (+33.1%) |
| 2BR | $2,350 | $1,899 | +$451 (+23.8%) |
| 2BR | $2,765 | $1,899 | +$866 (+45.6%) |
| 3BR | $2,150 | $2,395 | −$245 (-10.2%) |
| 3BR | $2,500 | $2,395 | +$105 (+4.4%) |
| 4BR | $2,600 | $2,698 | −$97 (-3.6%) |
| 4BR | $2,600 | $2,698 | −$97 (-3.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2024.