Monthly Rent Report
Irving Park Rent Report — August 2023
Asking rents in ZIP 60641, Chicago, from 73 listings.
Median 1BR rent in Irving Park was $1,150 in August 2023, down 11.2% (−$145) from July 2023 and up 4.5% year-over-year. The middle half of 1BR listings asked between $1,125 and $1,175. That puts Irving Park $370 below the Chicago citywide 1BR median of $1,520. The month's figures are based on 73 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $6,400 | +$5,350 (+509.5%) | +$5,425 (+556.4%) | $6,400 – $6,400 | 1 |
| Studio | $6,400 | +$5,350 (+509.5%) | +$5,425 (+556.4%) | $6,400 – $6,400 | 10 |
| 1BR | $1,150 | −$145 (-11.2%) | +$50 (+4.5%) | $1,125 – $1,175 | 2 |
| 1BR | $1,273 | −$22 (-1.7%) | +$173 (+15.7%) | $1,213 – $1,299 | 10 |
| 2BR | $1,500 | −$150 (-9.1%) | −$195 (-11.5%) | $1,500 – $1,500 | 1 |
| 2BR | $1,450 | −$200 (-12.1%) | −$245 (-14.5%) | $1,375 – $1,588 | 19 |
| 3BR | $1,850 | +$50 (+2.8%) | −$400 (-17.8%) | $1,825 – $1,875 | 2 |
| 3BR | $2,600 | +$800 (+44.4%) | +$350 (+15.6%) | $2,450 – $2,600 | 10 |
| 4BR | $4,500 | +$2,067 (+85.0%) | +$1,280 (+39.8%) | $4,500 – $4,500 | 1 |
| 4BR | $2,433 | $0 (0.0%) | −$787 (-24.4%) | $2,433 – $2,483 | 6 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Irving Park vs. Chicago — August 2023
| Bedrooms | Irving Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $6,400 | $1,250 | +$5,150 (+412.0%) |
| Studio | $6,400 | $1,250 | +$5,150 (+412.0%) |
| 1BR | $1,150 | $1,520 | −$370 (-24.3%) |
| 1BR | $1,273 | $1,520 | −$247 (-16.3%) |
| 2BR | $1,500 | $1,808 | −$307 (-17.0%) |
| 2BR | $1,450 | $1,808 | −$357 (-19.8%) |
| 3BR | $1,850 | $2,395 | −$545 (-22.8%) |
| 3BR | $2,600 | $2,395 | +$205 (+8.6%) |
| 4BR | $4,500 | $2,692 | +$1,808 (+67.2%) |
| 4BR | $2,433 | $2,692 | −$259 (-9.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.