Monthly Rent Report
Lincoln Park Rent Report — May 2024
Asking rents in ZIP 60614, Chicago, from 1,774 listings.
Median 1BR rent in Lincoln Park was $1,755 in May 2024, flat versus April 2024 and down 41.5% year-over-year. The middle half of 1BR listings asked between $1,733 and $1,785. That puts Lincoln Park $253 above the Chicago citywide 1BR median of $1,503. The month's figures are based on 1,774 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,285 | −$273 (-17.5%) | −$112 (-8.1%) | $1,165 – $1,350 | 19 |
| Studio | $1,495 | −$63 (-4.1%) | +$98 (+7.0%) | $1,275 – $1,800 | 589 |
| 1BR | $1,755 | $0 (0.0%) | −$1,245 (-41.5%) | $1,733 – $1,785 | 10 |
| 1BR | $2,250 | +$495 (+28.2%) | −$750 (-25.0%) | $2,250 – $2,250 | 2 |
| 2BR | $2,790 | −$1,160 (-29.4%) | −$1,435 (-34.0%) | $2,395 – $3,295 | 3 |
| 2BR | $2,825 | −$1,125 (-28.5%) | −$1,400 (-33.1%) | $2,395 – $3,695 | 553 |
| 3BR | $3,850 | −$145 (-3.6%) | −$192 (-4.8%) | $3,411 – $4,995 | 348 |
| 3BR | $3,925 | −$70 (-1.8%) | −$117 (-2.9%) | $3,646 – $4,125 | 6 |
| 4BR | $5,200 | −$375 (-6.7%) | +$400 (+8.3%) | $4,500 – $5,875 | 204 |
| 4BR | $4,350 | −$1,225 (-22.0%) | −$450 (-9.4%) | $4,350 – $4,350 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Lincoln Park vs. Chicago — May 2024
| Bedrooms | Lincoln Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,285 | $1,196 | +$89 (+7.4%) |
| Studio | $1,495 | $1,196 | +$299 (+25.0%) |
| 1BR | $1,755 | $1,503 | +$253 (+16.8%) |
| 1BR | $2,250 | $1,503 | +$748 (+49.8%) |
| 2BR | $2,790 | $1,825 | +$965 (+52.9%) |
| 2BR | $2,825 | $1,825 | +$1,000 (+54.8%) |
| 3BR | $3,850 | $2,236 | +$1,614 (+72.2%) |
| 3BR | $3,925 | $2,236 | +$1,689 (+75.5%) |
| 4BR | $5,200 | $2,725 | +$2,475 (+90.8%) |
| 4BR | $4,350 | $2,725 | +$1,625 (+59.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.