Monthly Rent Report
Edgewater Rent Report — August 2023
Asking rents in ZIP 60660, Chicago, from 75 listings.
Median 1BR rent in Edgewater was $1,450 in August 2023, down 6.5% (−$100) from July 2023 and up 23.6% year-over-year. The middle half of 1BR listings asked between $1,400 and $1,450. That puts Edgewater $70 below the Chicago citywide 1BR median of $1,520. The month's figures are based on 75 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $925 | −$100 (-9.8%) | −$170 (-15.5%) | $925 – $925 | 1 |
| Studio | $1,175 | +$150 (+14.6%) | +$80 (+7.3%) | $1,175 – $1,175 | 7 |
| 1BR | $1,450 | −$100 (-6.5%) | +$277 (+23.6%) | $1,400 – $1,450 | 11 |
| 1BR | $1,850 | +$300 (+19.4%) | +$677 (+57.7%) | $1,725 – $1,850 | 3 |
| 2BR | $1,750 | −$403 (-18.7%) | −$350 (-16.7%) | $1,750 – $1,800 | 13 |
| 2BR | $2,175 | +$22 (+1.0%) | +$75 (+3.6%) | $1,994 – $2,263 | 4 |
| 3BR | $2,995 | −$5 (-0.2%) | +$95 (+3.3%) | $2,995 – $2,995 | 1 |
| 3BR | $2,995 | −$5 (-0.2%) | +$95 (+3.3%) | $2,688 – $3,148 | 11 |
| 4BR | $4,000 | $0 (0.0%) | +$155 (+4.0%) | $4,000 – $4,000 | 1 |
| 4BR | $3,500 | −$500 (-12.5%) | −$345 (-9.0%) | $2,795 – $3,500 | 12 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Edgewater vs. Chicago — August 2023
| Bedrooms | Edgewater Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $925 | $1,250 | −$325 (-26.0%) |
| Studio | $1,175 | $1,250 | −$75 (-6.0%) |
| 1BR | $1,450 | $1,520 | −$70 (-4.6%) |
| 1BR | $1,850 | $1,520 | +$330 (+21.7%) |
| 2BR | $1,750 | $1,808 | −$57 (-3.2%) |
| 2BR | $2,175 | $1,808 | +$368 (+20.3%) |
| 3BR | $2,995 | $2,395 | +$600 (+25.1%) |
| 3BR | $2,995 | $2,395 | +$600 (+25.1%) |
| 4BR | $4,000 | $2,692 | +$1,308 (+48.6%) |
| 4BR | $3,500 | $2,692 | +$808 (+30.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.