Monthly Rent Report
Lincoln Square Rent Report — May 2022
Asking rents in ZIP 60625, Chicago, from 64 listings.
Median 1BR rent in Lincoln Square was $1,300 in May 2022, flat versus April 2022 and up 8.3% year-over-year. The middle half of 1BR listings asked between $1,250 and $1,385. That puts Lincoln Square in line with the Chicago citywide 1BR median of $1,298. The month's figures are based on 64 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2022 | Vs. May 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,195 | +$200 (+20.1%) | +$25 (+2.1%) | $1,195 – $1,223 | 3 |
| 1BR | $1,300 | $0 (0.0%) | +$100 (+8.3%) | $1,250 – $1,385 | 25 |
| 1BR | $1,285 | −$15 (-1.2%) | +$85 (+7.1%) | $1,000 – $1,285 | 13 |
| 2BR | $1,598 | +$225 (+16.4%) | +$75 (+4.9%) | $1,500 – $1,736 | 10 |
| 2BR | $1,450 | +$78 (+5.6%) | −$72 (-4.8%) | $1,300 – $1,525 | 5 |
| 3BR | $2,800 | +$400 (+16.7%) | +$900 (+47.4%) | $2,800 – $2,800 | 1 |
| 3BR | $1,575 | −$825 (-34.4%) | −$325 (-17.1%) | $1,525 – $1,788 | 4 |
| 4BR | $2,000 | −$800 (-28.6%) | −$650 (-24.5%) | $1,948 – $2,750 | 3 |
Median, P25, and P75 are asking rents from listings posted in May 2022. Changes compare against the nearest prior month with data.
Lincoln Square vs. Chicago — May 2022
| Bedrooms | Lincoln Square Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,195 | $1,050 | +$145 (+13.8%) |
| 1BR | $1,300 | $1,298 | +$3 (+0.2%) |
| 1BR | $1,285 | $1,298 | −$12 (-1.0%) |
| 2BR | $1,598 | $1,599 | −$1 (-0.1%) |
| 2BR | $1,450 | $1,599 | −$149 (-9.3%) |
| 3BR | $2,800 | $2,100 | +$700 (+33.3%) |
| 3BR | $1,575 | $2,100 | −$525 (-25.0%) |
| 4BR | $2,000 | $2,600 | −$600 (-23.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2022.