Monthly Rent Report
Lincoln Square Rent Report — March 2023
Asking rents in ZIP 60625, Chicago, from 876 listings.
Median 1BR rent in Lincoln Square was $1,398 in March 2023, up 1.6% (+$23) from February 2023 and up 7.9% year-over-year. The middle half of 1BR listings asked between $1,250 and $1,600. That puts Lincoln Square in line with the Chicago citywide 1BR median of $1,396. The month's figures are based on 876 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,063 | −$87 (-7.6%) | +$113 (+11.8%) | $975 – $1,195 | 80 |
| Studio | $1,350 | +$200 (+17.4%) | +$400 (+42.1%) | $1,250 – $1,450 | 2 |
| 1BR | $1,398 | +$23 (+1.6%) | +$103 (+7.9%) | $1,250 – $1,600 | 230 |
| 1BR | $1,450 | +$75 (+5.5%) | +$155 (+12.0%) | $1,450 – $1,473 | 7 |
| 2BR | $1,850 | −$1,350 (-42.2%) | +$600 (+48.0%) | $1,554 – $2,400 | 426 |
| 2BR | $1,995 | −$1,205 (-37.7%) | +$745 (+59.6%) | $1,830 – $2,888 | 10 |
| 3BR | $2,150 | −$447 (-17.2%) | +$150 (+7.5%) | $1,900 – $2,543 | 114 |
| 3BR | $2,200 | −$397 (-15.3%) | +$200 (+10.0%) | $2,050 – $2,350 | 2 |
| 4BR | $2,727 | −$48 (-1.7%) | +$427 (+18.6%) | $2,716 – $2,739 | 2 |
| 4BR | $2,300 | −$475 (-17.1%) | $0 (0.0%) | $2,300 – $2,300 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Lincoln Square vs. Chicago — March 2023
| Bedrooms | Lincoln Square Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,063 | $1,204 | −$141 (-11.7%) |
| Studio | $1,350 | $1,204 | +$146 (+12.1%) |
| 1BR | $1,398 | $1,396 | +$1 (+0.1%) |
| 1BR | $1,450 | $1,396 | +$54 (+3.8%) |
| 2BR | $1,850 | $1,698 | +$153 (+9.0%) |
| 2BR | $1,995 | $1,698 | +$298 (+17.5%) |
| 3BR | $2,150 | $2,200 | −$50 (-2.3%) |
| 3BR | $2,200 | $2,200 | $0 (0.0%) |
| 4BR | $2,727 | $2,444 | +$283 (+11.6%) |
| 4BR | $2,300 | $2,444 | −$144 (-5.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2023.