Monthly Rent Report
Hegewisch Rent Report — May 2023
Asking rents in ZIP 60655, Chicago, from 72 listings.
Median 1BR rent in Hegewisch was $1,463 in May 2023, up 7.2% (+$99) from April 2023 and up 33.0% year-over-year. The middle half of 1BR listings asked between $1,341 and $1,493. That puts Hegewisch $63 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 72 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,164 | −$10 (-0.9%) | — | $1,155 – $1,195 | 6 |
| 1BR | $1,463 | +$99 (+7.2%) | +$363 (+33.0%) | $1,341 – $1,493 | 20 |
| 1BR | $1,150 | −$214 (-15.7%) | +$50 (+4.5%) | $1,150 – $1,150 | 1 |
| 2BR | $1,662 | +$67 (+4.2%) | +$462 (+38.5%) | $1,579 – $1,798 | 14 |
| 2BR | $1,473 | −$122 (-7.7%) | +$273 (+22.7%) | $1,411 – $1,534 | 2 |
| 3BR | $2,095 | +$270 (+14.8%) | +$350 (+20.1%) | $2,095 – $2,098 | 3 |
| 3BR | $2,098 | +$273 (+14.9%) | +$353 (+20.2%) | $2,095 – $2,100 | 26 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Hegewisch vs. Chicago — May 2023
| Bedrooms | Hegewisch Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,164 | $1,200 | −$36 (-3.0%) |
| 1BR | $1,463 | $1,400 | +$63 (+4.5%) |
| 1BR | $1,150 | $1,400 | −$250 (-17.9%) |
| 2BR | $1,662 | $1,698 | −$36 (-2.1%) |
| 2BR | $1,473 | $1,698 | −$225 (-13.3%) |
| 3BR | $2,095 | $2,300 | −$205 (-8.9%) |
| 3BR | $2,098 | $2,300 | −$202 (-8.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.