Monthly Rent Report
Lincoln Park Rent Report — February 2023
Asking rents in ZIP 60614, Chicago, from 1,353 listings.
Median 1BR rent in Lincoln Park was $1,950 in February 2023, down 15.2% (−$350) from January 2023 and up 3.7% year-over-year. The middle half of 1BR listings asked between $1,612 and $2,485. That puts Lincoln Park $550 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 1,353 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,425 | +$30 (+2.2%) | +$270 (+23.4%) | $1,195 – $1,715 | 272 |
| Studio | $1,473 | +$78 (+5.6%) | +$318 (+27.5%) | $1,434 – $1,511 | 2 |
| 1BR | $1,950 | −$350 (-15.2%) | +$69 (+3.7%) | $1,612 – $2,485 | 444 |
| 1BR | $2,388 | +$88 (+3.8%) | +$507 (+26.9%) | $2,019 – $2,756 | 2 |
| 2BR | $3,825 | +$775 (+25.4%) | +$1,029 (+36.8%) | $3,599 – $3,993 | 4 |
| 2BR | $2,649 | −$401 (-13.2%) | −$147 (-5.3%) | $2,156 – $3,400 | 382 |
| 3BR | $3,395 | +$70 (+2.1%) | −$205 (-5.7%) | $2,950 – $4,663 | 156 |
| 3BR | $6,395 | +$3,070 (+92.3%) | +$2,795 (+77.6%) | $6,395 – $6,395 | 1 |
| 4BR | $4,400 | −$4,595 (-51.1%) | −$495 (-10.1%) | $3,896 – $5,725 | 70 |
| 4BR | $925 | −$8,070 (-89.7%) | −$3,970 (-81.1%) | $925 – $925 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Lincoln Park vs. Chicago — February 2023
| Bedrooms | Lincoln Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,425 | $1,149 | +$276 (+24.0%) |
| Studio | $1,473 | $1,149 | +$324 (+28.2%) |
| 1BR | $1,950 | $1,400 | +$550 (+39.3%) |
| 1BR | $2,388 | $1,400 | +$988 (+70.5%) |
| 2BR | $3,825 | $1,695 | +$2,130 (+125.6%) |
| 2BR | $2,649 | $1,695 | +$954 (+56.3%) |
| 3BR | $3,395 | $2,188 | +$1,208 (+55.2%) |
| 3BR | $6,395 | $2,188 | +$4,208 (+192.3%) |
| 4BR | $4,400 | $2,393 | +$2,008 (+83.9%) |
| 4BR | $925 | $2,393 | −$1,467 (-61.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2023.