Monthly Rent Report
Chinatown Rent Report — September 2024
Asking rents in ZIP 60616, Chicago, from 114 listings.
Median 1BR rent in Chinatown was $1,025 in September 2024, down 60.5% (−$1,573) from August 2024 and down 47.8% year-over-year. The middle half of 1BR listings asked between $1,025 and $1,025. That puts Chinatown $470 below the Chicago citywide 1BR median of $1,495. The month's figures are based on 114 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2024 | Vs. September 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,195 | +$17 (+1.4%) | −$130 (-9.8%) | $1,070 – $1,358 | 79 |
| 1BR | $1,025 | −$1,573 (-60.5%) | −$940 (-47.8%) | $1,025 – $1,025 | 4 |
| 1BR | $1,400 | −$1,198 (-46.1%) | −$565 (-28.8%) | $1,400 – $1,400 | 1 |
| 2BR | $2,200 | +$900 (+69.2%) | −$675 (-23.5%) | $2,200 – $2,200 | 1 |
| 2BR | $2,500 | +$1,200 (+92.3%) | −$375 (-13.0%) | $2,500 – $2,500 | 1 |
| 3BR | $1,900 | −$200 (-9.5%) | −$200 (-9.5%) | $1,900 – $1,900 | 1 |
| 3BR | $3,050 | +$950 (+45.2%) | +$950 (+45.2%) | $3,050 – $3,050 | 1 |
| 4BR | $3,300 | −$1,075 (-24.6%) | +$1,350 (+69.2%) | $2,415 – $4,750 | 26 |
Median, P25, and P75 are asking rents from listings posted in September 2024. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — September 2024
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,195 | $1,195 | $0 (0.0%) |
| 1BR | $1,025 | $1,495 | −$470 (-31.4%) |
| 1BR | $1,400 | $1,495 | −$95 (-6.4%) |
| 2BR | $2,200 | $1,843 | +$358 (+19.4%) |
| 2BR | $2,500 | $1,843 | +$658 (+35.7%) |
| 3BR | $1,900 | $2,350 | −$450 (-19.1%) |
| 3BR | $3,050 | $2,350 | +$700 (+29.8%) |
| 4BR | $3,300 | $2,750 | +$550 (+20.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2024.