Monthly Rent Report
Edison Park Rent Report — May 2023
Asking rents in ZIP 60631, Chicago, from 71 listings.
Median 1BR rent in Edison Park was $2,250 in May 2023, up 87.5% (+$1,050) from April 2023 and up 118.4% year-over-year. The middle half of 1BR listings asked between $2,250 and $2,250. That puts Edison Park $850 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 71 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,181 | +$387 (+21.6%) | — | $2,181 – $2,181 | 1 |
| Studio | $2,058 | +$264 (+14.7%) | — | $1,986 – $2,112 | 4 |
| 1BR | $2,250 | +$1,050 (+87.5%) | +$1,220 (+118.4%) | $2,250 – $2,250 | 1 |
| 1BR | $1,400 | +$200 (+16.7%) | +$370 (+35.9%) | $1,395 – $1,400 | 9 |
| 2BR | $1,625 | −$40 (-2.4%) | −$67 (-4.0%) | $1,575 – $1,695 | 13 |
| 2BR | $1,700 | +$35 (+2.1%) | +$8 (+0.4%) | $1,598 – $2,100 | 3 |
| 3BR | $2,535 | +$140 (+5.8%) | −$410 (-13.9%) | $2,302 – $2,725 | 4 |
| 3BR | $2,395 | $0 (0.0%) | −$550 (-18.7%) | $2,395 – $2,395 | 36 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Edison Park vs. Chicago — May 2023
| Bedrooms | Edison Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,181 | $1,200 | +$981 (+81.8%) |
| Studio | $2,058 | $1,200 | +$858 (+71.5%) |
| 1BR | $2,250 | $1,400 | +$850 (+60.7%) |
| 1BR | $1,400 | $1,400 | $0 (0.0%) |
| 2BR | $1,625 | $1,698 | −$72 (-4.3%) |
| 2BR | $1,700 | $1,698 | +$3 (+0.1%) |
| 3BR | $2,535 | $2,300 | +$235 (+10.2%) |
| 3BR | $2,395 | $2,300 | +$95 (+4.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.