Monthly Rent Report
Lakeview Rent Report — May 2023
Asking rents in ZIP 60657, Chicago, from 2,188 listings.
Median 1BR rent in Lakeview was $1,895 in May 2023, up 2.4% (+$45) from April 2023 and down 2.8% year-over-year. The middle half of 1BR listings asked between $1,675 and $2,138. That puts Lakeview $495 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 2,188 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,318 | +$98 (+8.0%) | −$132 (-9.1%) | $1,200 – $1,445 | 485 |
| Studio | $1,695 | +$475 (+38.9%) | +$245 (+16.9%) | $1,470 – $1,745 | 3 |
| 1BR | $1,895 | +$45 (+2.4%) | −$55 (-2.8%) | $1,675 – $2,138 | 607 |
| 1BR | $1,895 | +$45 (+2.4%) | −$55 (-2.8%) | $1,823 – $2,095 | 23 |
| 2BR | $2,250 | −$345 (-13.3%) | +$255 (+12.8%) | $2,225 – $2,506 | 12 |
| 2BR | $2,483 | −$112 (-4.3%) | +$488 (+24.4%) | $2,200 – $3,180 | 520 |
| 3BR | $3,600 | +$653 (+22.2%) | +$1,005 (+38.7%) | $2,995 – $4,275 | 352 |
| 3BR | $2,846 | −$101 (-3.4%) | +$251 (+9.7%) | $2,635 – $3,234 | 4 |
| 4BR | $4,600 | +$525 (+12.9%) | −$600 (-11.5%) | $4,200 – $5,475 | 165 |
| 4BR | $4,800 | +$725 (+17.8%) | −$400 (-7.7%) | $4,700 – $4,800 | 3 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Lakeview vs. Chicago — May 2023
| Bedrooms | Lakeview Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,318 | $1,200 | +$118 (+9.8%) |
| Studio | $1,695 | $1,200 | +$495 (+41.3%) |
| 1BR | $1,895 | $1,400 | +$495 (+35.4%) |
| 1BR | $1,895 | $1,400 | +$495 (+35.4%) |
| 2BR | $2,250 | $1,698 | +$553 (+32.5%) |
| 2BR | $2,483 | $1,698 | +$785 (+46.2%) |
| 3BR | $3,600 | $2,300 | +$1,300 (+56.5%) |
| 3BR | $2,846 | $2,300 | +$546 (+23.7%) |
| 4BR | $4,600 | $2,548 | +$2,053 (+80.6%) |
| 4BR | $4,800 | $2,548 | +$2,253 (+88.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.