Monthly Rent Report
Hegewisch Rent Report — August 2023
Asking rents in ZIP 60655, Chicago, from 53 listings.
Median 1BR rent in Hegewisch was $1,391 in August 2023, up 26.5% (+$291) from July 2023 and up 21.0% year-over-year. The middle half of 1BR listings asked between $1,331 and $1,451. That puts Hegewisch $129 below the Chicago citywide 1BR median of $1,520. The month's figures are based on 53 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,152 | −$2 (-0.2%) | — | $1,142 – $1,154 | 6 |
| 1BR | $1,391 | +$291 (+26.5%) | +$241 (+21.0%) | $1,331 – $1,451 | 13 |
| 1BR | $1,900 | +$800 (+72.7%) | +$750 (+65.2%) | $1,900 – $1,900 | 1 |
| 2BR | $1,669 | $0 (0.0%) | −$331 (-16.6%) | $1,579 – $1,702 | 8 |
| 2BR | $2,285 | +$616 (+36.9%) | +$285 (+14.2%) | $2,228 – $2,343 | 2 |
| 3BR | $2,095 | $0 (0.0%) | $0 (0.0%) | $2,095 – $2,095 | 17 |
| 3BR | $2,098 | +$3 (+0.1%) | +$3 (+0.1%) | $2,095 – $2,100 | 6 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Hegewisch vs. Chicago — August 2023
| Bedrooms | Hegewisch Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,152 | $1,250 | −$98 (-7.9%) |
| 1BR | $1,391 | $1,520 | −$129 (-8.5%) |
| 1BR | $1,900 | $1,520 | +$380 (+25.0%) |
| 2BR | $1,669 | $1,808 | −$138 (-7.7%) |
| 2BR | $2,285 | $1,808 | +$478 (+26.4%) |
| 3BR | $2,095 | $2,395 | −$300 (-12.5%) |
| 3BR | $2,098 | $2,395 | −$297 (-12.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.