Monthly Rent Report
Lincoln Square Rent Report — May 2023
Asking rents in ZIP 60625, Chicago, from 509 listings.
Median 1BR rent in Lincoln Square was $1,395 in May 2023, down 10.0% (−$155) from April 2023 and up 8.6% year-over-year. The middle half of 1BR listings asked between $1,395 and $1,495. That puts Lincoln Square in line with the Chicago citywide 1BR median of $1,400. The month's figures are based on 509 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,323 | +$248 (+23.0%) | +$128 (+10.7%) | $1,286 – $1,359 | 2 |
| Studio | $1,200 | +$125 (+11.6%) | +$5 (+0.4%) | $1,045 – $1,395 | 76 |
| 1BR | $1,395 | −$155 (-10.0%) | +$110 (+8.6%) | $1,395 – $1,495 | 5 |
| 1BR | $1,450 | −$100 (-6.5%) | +$165 (+12.8%) | $1,300 – $1,686 | 288 |
| 2BR | $1,595 | −$155 (-8.9%) | +$145 (+10.0%) | $1,595 – $1,595 | 1 |
| 2BR | $1,675 | −$75 (-4.3%) | +$225 (+15.5%) | $1,650 – $1,695 | 5 |
| 3BR | $2,300 | −$950 (-29.2%) | +$725 (+46.0%) | $1,925 – $3,513 | 115 |
| 3BR | $3,098 | −$152 (-4.7%) | +$1,523 (+96.7%) | $1,969 – $5,338 | 8 |
| 4BR | $2,704 | −$296 (-9.9%) | +$704 (+35.2%) | $2,295 – $3,150 | 7 |
| 4BR | $2,248 | −$752 (-25.1%) | +$248 (+12.4%) | $2,224 – $2,271 | 2 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Lincoln Square vs. Chicago — May 2023
| Bedrooms | Lincoln Square Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,323 | $1,200 | +$123 (+10.2%) |
| Studio | $1,200 | $1,200 | $0 (0.0%) |
| 1BR | $1,395 | $1,400 | −$5 (-0.4%) |
| 1BR | $1,450 | $1,400 | +$50 (+3.6%) |
| 2BR | $1,595 | $1,698 | −$102 (-6.0%) |
| 2BR | $1,675 | $1,698 | −$22 (-1.3%) |
| 3BR | $2,300 | $2,300 | $0 (0.0%) |
| 3BR | $3,098 | $2,300 | +$798 (+34.7%) |
| 4BR | $2,704 | $2,548 | +$157 (+6.1%) |
| 4BR | $2,248 | $2,548 | −$300 (-11.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.