Monthly Rent Report
Lincoln Park Rent Report — May 2023
Asking rents in ZIP 60614, Chicago, from 1,501 listings.
Median 1BR rent in Lincoln Park was $2,186 in May 2023, down 7.9% (−$186) from April 2023 and down 12.4% year-over-year. The middle half of 1BR listings asked between $1,750 and $2,596. That puts Lincoln Park $786 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 1,501 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,400 | +$5 (+0.4%) | +$88 (+6.7%) | $1,275 – $1,498 | 3 |
| Studio | $1,398 | +$3 (+0.2%) | +$85 (+6.5%) | $1,240 – $1,695 | 284 |
| 1BR | $2,186 | −$186 (-7.9%) | −$309 (-12.4%) | $1,750 – $2,596 | 360 |
| 1BR | $3,000 | +$628 (+26.4%) | +$505 (+20.2%) | $2,650 – $3,063 | 3 |
| 2BR | $2,983 | −$617 (-17.2%) | −$316 (-9.6%) | $2,300 – $3,625 | 370 |
| 2BR | $4,225 | +$625 (+17.4%) | +$926 (+28.1%) | $3,913 – $4,669 | 6 |
| 3BR | $3,600 | +$200 (+5.9%) | +$700 (+24.1%) | $3,095 – $4,275 | 222 |
| 3BR | $4,043 | +$643 (+18.9%) | +$1,143 (+39.4%) | $3,689 – $4,450 | 4 |
| 4BR | $4,925 | +$150 (+3.1%) | −$1,575 (-24.2%) | $4,175 – $5,275 | 223 |
| 4BR | $4,800 | +$25 (+0.5%) | −$1,700 (-26.2%) | $4,800 – $4,800 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Lincoln Park vs. Chicago — May 2023
| Bedrooms | Lincoln Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,400 | $1,200 | +$200 (+16.7%) |
| Studio | $1,398 | $1,200 | +$198 (+16.5%) |
| 1BR | $2,186 | $1,400 | +$786 (+56.1%) |
| 1BR | $3,000 | $1,400 | +$1,600 (+114.3%) |
| 2BR | $2,983 | $1,698 | +$1,285 (+75.7%) |
| 2BR | $4,225 | $1,698 | +$2,528 (+148.9%) |
| 3BR | $3,600 | $2,300 | +$1,300 (+56.5%) |
| 3BR | $4,043 | $2,300 | +$1,743 (+75.8%) |
| 4BR | $4,925 | $2,548 | +$2,378 (+93.3%) |
| 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.