Monthly Rent Report
Chinatown Rent Report — November 2024
Asking rents in ZIP 60616, Chicago, from 58 listings.
Median 1BR rent in Chinatown was $2,200 in November 2024, flat versus October 2024 and up 22.2% year-over-year. The middle half of 1BR listings asked between $2,088 and $2,200. That puts Chinatown $625 above the Chicago citywide 1BR median of $1,575. The month's figures are based on 58 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2024 | Vs. November 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,140 | +$10 (+0.9%) | +$50 (+4.6%) | $1,120 – $1,145 | 5 |
| 1BR | $2,200 | $0 (0.0%) | +$400 (+22.2%) | $2,088 – $2,200 | 8 |
| 1BR | $2,238 | +$38 (+1.7%) | +$438 (+24.3%) | $2,194 – $2,281 | 2 |
| 2BR | $2,500 | +$5 (+0.2%) | +$45 (+1.8%) | $1,600 – $2,800 | 24 |
| 2BR | $2,530 | +$35 (+1.4%) | +$75 (+3.1%) | $2,530 – $2,530 | 1 |
| 3BR | $1,804 | +$4 (+0.2%) | −$941 (-34.3%) | $1,802 – $1,806 | 2 |
| 3BR | $3,350 | +$1,550 (+86.1%) | +$605 (+22.0%) | $3,300 – $3,400 | 15 |
| 4BR | $2,251 | −$468 (-17.2%) | −$55 (-2.4%) | $2,251 – $2,251 | 1 |
Median, P25, and P75 are asking rents from listings posted in November 2024. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — November 2024
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,140 | $1,292 | −$152 (-11.8%) |
| 1BR | $2,200 | $1,575 | +$625 (+39.7%) |
| 1BR | $2,238 | $1,575 | +$663 (+42.1%) |
| 2BR | $2,500 | $1,945 | +$555 (+28.5%) |
| 2BR | $2,530 | $1,945 | +$585 (+30.1%) |
| 3BR | $1,804 | $2,200 | −$396 (-18.0%) |
| 3BR | $3,350 | $2,200 | +$1,150 (+52.3%) |
| 4BR | $2,251 | $2,990 | −$739 (-24.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2024.