Monthly Rent Report
Lincoln Park Rent Report — March 2023
Asking rents in ZIP 60614, Chicago, from 1,582 listings.
Median 1BR rent in Lincoln Park was $1,775 in March 2023, down 25.7% (−$612) from February 2023 and up 1.7% year-over-year. The middle half of 1BR listings asked between $1,696 and $1,988. That puts Lincoln Park $379 above the Chicago citywide 1BR median of $1,396. The month's figures are based on 1,582 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,370 | −$102 (-7.0%) | +$185 (+15.6%) | $1,165 – $1,675 | 340 |
| Studio | $1,463 | −$10 (-0.7%) | +$278 (+23.4%) | $1,306 – $1,619 | 2 |
| 1BR | $1,775 | −$612 (-25.7%) | +$30 (+1.7%) | $1,696 – $1,988 | 10 |
| 1BR | $1,998 | −$390 (-16.3%) | +$253 (+14.5%) | $1,650 – $2,610 | 462 |
| 2BR | $2,500 | −$148 (-5.6%) | −$296 (-10.6%) | $2,153 – $3,307 | 417 |
| 2BR | $3,295 | +$647 (+24.4%) | +$499 (+17.8%) | $2,603 – $3,825 | 7 |
| 3BR | $3,500 | +$105 (+3.1%) | +$105 (+3.1%) | $3,011 – $4,199 | 182 |
| 3BR | $3,200 | −$195 (-5.7%) | −$195 (-5.7%) | $2,450 – $3,350 | 7 |
| 4BR | $4,100 | −$300 (-6.8%) | +$1,100 (+36.7%) | $4,100 – $4,100 | 1 |
| 4BR | $4,200 | −$200 (-4.5%) | +$1,200 (+40.0%) | $4,175 – $4,935 | 119 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Lincoln Park vs. Chicago — March 2023
| Bedrooms | Lincoln Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,370 | $1,204 | +$166 (+13.8%) |
| Studio | $1,463 | $1,204 | +$259 (+21.5%) |
| 1BR | $1,775 | $1,396 | +$379 (+27.1%) |
| 1BR | $1,998 | $1,396 | +$601 (+43.1%) |
| 2BR | $2,500 | $1,698 | +$803 (+47.3%) |
| 2BR | $3,295 | $1,698 | +$1,598 (+94.1%) |
| 3BR | $3,500 | $2,200 | +$1,300 (+59.1%) |
| 3BR | $3,200 | $2,200 | +$1,000 (+45.5%) |
| 4BR | $4,100 | $2,444 | +$1,656 (+67.8%) |
| 4BR | $4,200 | $2,444 | +$1,756 (+71.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2023.