Monthly Rent Report
Edgewater Rent Report — May 2023
Asking rents in ZIP 60660, Chicago, from 555 listings.
Median 1BR rent in Edgewater was $1,500 in May 2023, up 3.4% (+$50) from April 2023 and down 25.0% year-over-year. The middle half of 1BR listings asked between $1,295 and $1,800. That puts Edgewater $100 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 555 listings across 13 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,295 | +$275 (+27.0%) | +$220 (+20.5%) | $1,198 – $1,395 | 3 |
| Studio | $1,050 | +$30 (+2.9%) | −$25 (-2.3%) | $929 – $1,196 | 132 |
| 1BR | $1,500 | +$50 (+3.4%) | −$500 (-25.0%) | $1,295 – $1,800 | 232 |
| 1BR | $1,150 | −$300 (-20.7%) | −$850 (-42.5%) | $1,150 – $1,150 | 1 |
| 2BR | $2,100 | $0 (0.0%) | +$350 (+20.0%) | $1,899 – $2,400 | 120 |
| 2BR | $2,100 | $0 (0.0%) | +$350 (+20.0%) | $1,925 – $2,200 | 3 |
| 3BR | $1,325 | −$1,275 (-49.0%) | −$1,525 (-53.5%) | $1,325 – $1,325 | 1 |
| 3BR | $4,900 | +$2,300 (+88.5%) | +$2,050 (+71.9%) | $4,900 – $4,900 | 1 |
| 3BR | $2,800 | +$200 (+7.7%) | −$50 (-1.8%) | $1,950 – $3,295 | 49 |
| 4BR | $4,000 | +$530 (+15.3%) | +$1,200 (+42.9%) | $3,624 – $4,000 | 4 |
| 4BR | $2,495 | −$975 (-28.1%) | −$305 (-10.9%) | $2,495 – $2,495 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Edgewater vs. Chicago — May 2023
| Bedrooms | Edgewater Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,295 | $1,200 | +$95 (+7.9%) |
| Studio | $1,050 | $1,200 | −$150 (-12.5%) |
| 1BR | $1,500 | $1,400 | +$100 (+7.1%) |
| 1BR | $1,150 | $1,400 | −$250 (-17.9%) |
| 2BR | $2,100 | $1,698 | +$403 (+23.7%) |
| 2BR | $2,100 | $1,698 | +$403 (+23.7%) |
| 3BR | $1,325 | $2,300 | −$975 (-42.4%) |
| 3BR | $4,900 | $2,300 | +$2,600 (+113.0%) |
| 3BR | $2,800 | $2,300 | +$500 (+21.7%) |
| 4BR | $4,000 | $2,548 | +$1,453 (+57.0%) |
| 4BR | $2,495 | $2,548 | −$52 (-2.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.