Monthly Rent Report
Chinatown Rent Report — December 2024
Asking rents in ZIP 60616, Chicago, from 97 listings.
Median 1BR rent in Chinatown was $1,899 in December 2024, down 13.7% (−$301) from November 2024 and down 9.6% year-over-year. The middle half of 1BR listings asked between $1,475 and $2,300. That puts Chinatown $249 above the Chicago citywide 1BR median of $1,650. The month's figures are based on 97 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2024 | Vs. December 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,500 | +$360 (+31.6%) | +$425 (+39.5%) | $1,139 – $1,500 | 5 |
| Studio | $1,500 | +$360 (+31.6%) | +$425 (+39.5%) | $1,139 – $1,500 | 5 |
| 1BR | $1,899 | −$301 (-13.7%) | −$201 (-9.6%) | $1,475 – $2,300 | 15 |
| 1BR | $2,227 | +$27 (+1.2%) | +$127 (+6.0%) | $2,227 – $2,227 | 1 |
| 2BR | $2,695 | +$165 (+6.5%) | +$245 (+10.0%) | $2,685 – $2,735 | 5 |
| 2BR | $1,800 | −$730 (-28.9%) | −$650 (-26.5%) | $1,500 – $2,850 | 31 |
| 3BR | $1,805 | +$1 (+0.0%) | −$1,495 (-45.3%) | $1,802 – $1,807 | 2 |
| 3BR | $1,800 | −$4 (-0.2%) | −$1,500 (-45.5%) | $1,750 – $2,132 | 17 |
| 4BR | $2,300 | +$49 (+2.2%) | −$33 (-1.4%) | $2,066 – $3,700 | 8 |
| 4BR | $2,300 | +$49 (+2.2%) | −$33 (-1.4%) | $2,066 – $3,700 | 8 |
Median, P25, and P75 are asking rents from listings posted in December 2024. Changes compare against the nearest prior month with data.
Chinatown vs. Chicago — December 2024
| Bedrooms | Chinatown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,500 | $1,385 | +$115 (+8.3%) |
| Studio | $1,500 | $1,385 | +$115 (+8.3%) |
| 1BR | $1,899 | $1,650 | +$249 (+15.1%) |
| 1BR | $2,227 | $1,650 | +$577 (+35.0%) |
| 2BR | $2,695 | $1,953 | +$743 (+38.0%) |
| 2BR | $1,800 | $1,953 | −$152 (-7.8%) |
| 3BR | $1,805 | $2,395 | −$590 (-24.7%) |
| 3BR | $1,800 | $2,395 | −$595 (-24.8%) |
| 4BR | $2,300 | $2,850 | −$550 (-19.3%) |
| 4BR | $2,300 | $2,850 | −$550 (-19.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2024.