Monthly Rent Report
Irving Park Rent Report — May 2023
Asking rents in ZIP 60641, Chicago, from 316 listings.
Median 1BR rent in Irving Park was $1,100 in May 2023, down 12.0% (−$150) from April 2023 and up 7.3% year-over-year. The middle half of 1BR listings asked between $1,100 and $1,100. That puts Irving Park $300 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 316 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,050 | −$50 (-4.5%) | +$125 (+13.5%) | $1,050 – $1,050 | 5 |
| Studio | $1,150 | +$50 (+4.5%) | +$225 (+24.3%) | $1,025 – $1,263 | 26 |
| 1BR | $1,100 | −$150 (-12.0%) | +$75 (+7.3%) | $1,100 – $1,100 | 1 |
| 1BR | $1,239 | −$11 (-0.9%) | +$214 (+20.9%) | $1,150 – $1,306 | 80 |
| 2BR | $1,600 | +$350 (+28.0%) | +$105 (+7.0%) | $1,500 – $1,856 | 112 |
| 2BR | $1,450 | +$200 (+16.0%) | −$45 (-3.0%) | $1,450 – $1,450 | 1 |
| 3BR | $1,800 | −$50 (-2.7%) | +$350 (+24.1%) | $1,800 – $1,800 | 1 |
| 3BR | $2,100 | +$250 (+13.5%) | +$650 (+44.8%) | $1,925 – $2,748 | 56 |
| 4BR | $2,433 | $0 (0.0%) | −$417 (-14.6%) | $2,433 – $2,433 | 18 |
| 4BR | $6,825 | +$4,392 (+180.5%) | +$3,975 (+139.5%) | $6,825 – $6,825 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Irving Park vs. Chicago — May 2023
| Bedrooms | Irving Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,050 | $1,200 | −$150 (-12.5%) |
| Studio | $1,150 | $1,200 | −$50 (-4.2%) |
| 1BR | $1,100 | $1,400 | −$300 (-21.4%) |
| 1BR | $1,239 | $1,400 | −$161 (-11.5%) |
| 2BR | $1,600 | $1,698 | −$97 (-5.7%) |
| 2BR | $1,450 | $1,698 | −$247 (-14.6%) |
| 3BR | $1,800 | $2,300 | −$500 (-21.7%) |
| 3BR | $2,100 | $2,300 | −$200 (-8.7%) |
| 4BR | $2,433 | $2,548 | −$114 (-4.5%) |
| 4BR | $6,825 | $2,548 | +$4,278 (+167.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.