Monthly Rent Report
Chinatown Rent Report — October 2024
Asking rents in ZIP 60616, Chicago, from 91 listings.
Median 1BR rent in Chinatown was $2,200 in October 2024, up 57.1% (+$800) from September 2024 and up 17.0% year-over-year. The middle half of 1BR listings asked between $2,200 and $2,200. That puts Chinatown $764 above the Chicago citywide 1BR median of $1,437. The month's figures are based on 91 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,130 | −$65 (-5.4%) | −$731 (-39.3%) | $1,039 – $1,200 | 53 |
| 1BR | $2,200 | +$800 (+57.1%) | +$320 (+17.0%) | $2,200 – $2,200 | 1 |
| 1BR | $1,595 | +$195 (+13.9%) | −$285 (-15.2%) | $900 – $1,595 | 7 |
| 2BR | $1,500 | −$1,000 (-40.0%) | −$100 (-6.3%) | $1,500 – $1,500 | 1 |
| 2BR | $2,495 | −$5 (-0.2%) | +$895 (+55.9%) | $2,023 – $2,733 | 3 |
| 3BR | $3,025 | +$1,125 (+59.2%) | +$575 (+23.5%) | $2,950 – $3,800 | 15 |
| 3BR | $1,800 | −$100 (-5.3%) | −$650 (-26.5%) | $1,800 – $1,800 | 1 |
| 4BR | $2,719 | −$581 (-17.6%) | +$226 (+9.0%) | $2,594 – $4,263 | 10 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — October 2024
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,130 | $1,298 | −$167 (-12.9%) |
| 1BR | $2,200 | $1,437 | +$764 (+53.2%) |
| 1BR | $1,595 | $1,437 | +$159 (+11.0%) |
| 2BR | $1,500 | $1,770 | −$269 (-15.2%) |
| 2BR | $2,495 | $1,770 | +$726 (+41.0%) |
| 3BR | $3,025 | $2,305 | +$720 (+31.2%) |
| 3BR | $1,800 | $2,305 | −$505 (-21.9%) |
| 4BR | $2,719 | $2,995 | −$276 (-9.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2024.