Monthly Rent Report
Chinatown Rent Report — July 2024
Asking rents in ZIP 60616, Chicago, from 374 listings.
Median 1BR rent in Chinatown was $2,000 in July 2024, up 0.3% (+$5) from June 2024 and up 5.3% year-over-year. The middle half of 1BR listings asked between $2,000 and $2,000. That puts Chinatown $440 above the Chicago citywide 1BR median of $1,560. The month's figures are based on 374 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,265 | +$170 (+15.5%) | +$39 (+3.2%) | $1,265 – $1,399 | 4 |
| Studio | $1,075 | −$20 (-1.8%) | −$151 (-12.3%) | $1,025 – $1,153 | 47 |
| 1BR | $2,000 | +$5 (+0.3%) | +$100 (+5.3%) | $2,000 – $2,000 | 1 |
| 1BR | $1,414 | −$581 (-29.1%) | −$486 (-25.6%) | $1,265 – $2,153 | 248 |
| 2BR | $2,400 | +$50 (+2.1%) | −$285 (-10.6%) | $2,400 – $2,400 | 1 |
| 2BR | $3,000 | +$650 (+27.7%) | +$315 (+11.7%) | $3,000 – $3,000 | 1 |
| 3BR | $2,150 | $0 (0.0%) | −$50 (-2.3%) | $1,845 – $2,709 | 66 |
| 3BR | $1,998 | −$152 (-7.1%) | −$202 (-9.2%) | $1,998 – $1,998 | 1 |
| 4BR | $2,400 | −$200 (-7.7%) | −$1,350 (-36.0%) | $2,238 – $2,400 | 4 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — July 2024
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,265 | $1,218 | +$47 (+3.8%) |
| Studio | $1,075 | $1,218 | −$143 (-11.8%) |
| 1BR | $2,000 | $1,560 | +$440 (+28.2%) |
| 1BR | $1,414 | $1,560 | −$146 (-9.4%) |
| 2BR | $2,400 | $1,805 | +$595 (+33.0%) |
| 2BR | $3,000 | $1,805 | +$1,195 (+66.2%) |
| 3BR | $2,150 | $2,363 | −$212 (-9.0%) |
| 3BR | $1,998 | $2,363 | −$364 (-15.4%) |
| 4BR | $2,400 | $2,789 | −$389 (-13.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2024.