Monthly Rent Report
Lincoln Square Rent Report — August 2023
Asking rents in ZIP 60625, Chicago, from 37 listings.
Median 1BR rent in Lincoln Square was $1,150 in August 2023, down 17.6% (−$245) from July 2023 and down 11.5% year-over-year. The middle half of 1BR listings asked between $1,150 and $1,211. That puts Lincoln Square $370 below the Chicago citywide 1BR median of $1,520. The month's figures are based on 37 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,100 | −$120 (-9.8%) | $0 (0.0%) | $1,100 – $1,100 | 8 |
| Studio | $2,500 | +$1,280 (+104.9%) | +$1,400 (+127.3%) | $2,500 – $2,500 | 1 |
| 1BR | $1,150 | −$245 (-17.6%) | −$150 (-11.5%) | $1,150 – $1,211 | 4 |
| 1BR | $1,450 | +$55 (+3.9%) | +$150 (+11.5%) | $1,450 – $1,450 | 1 |
| 2BR | $1,463 | −$237 (-14.0%) | −$170 (-10.4%) | $1,413 – $1,506 | 4 |
| 2BR | $1,725 | +$25 (+1.5%) | +$93 (+5.7%) | $1,725 – $1,725 | 1 |
| 3BR | $4,673 | +$2,473 (+112.4%) | +$1,473 (+46.0%) | $4,034 – $5,311 | 2 |
| 3BR | $2,150 | −$50 (-2.3%) | −$1,050 (-32.8%) | $1,775 – $2,500 | 11 |
| 4BR | $3,600 | $0 (0.0%) | +$250 (+7.5%) | $2,725 – $3,700 | 3 |
| 4BR | $3,800 | +$200 (+5.6%) | +$450 (+13.4%) | $3,800 – $3,800 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Lincoln Square vs. Chicago — August 2023
| Bedrooms | Lincoln Square Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,100 | $1,250 | −$150 (-12.0%) |
| Studio | $2,500 | $1,250 | +$1,250 (+100.0%) |
| 1BR | $1,150 | $1,520 | −$370 (-24.3%) |
| 1BR | $1,450 | $1,520 | −$70 (-4.6%) |
| 2BR | $1,463 | $1,808 | −$345 (-19.1%) |
| 2BR | $1,725 | $1,808 | −$82 (-4.6%) |
| 3BR | $4,673 | $2,395 | +$2,278 (+95.1%) |
| 3BR | $2,150 | $2,395 | −$245 (-10.2%) |
| 4BR | $3,600 | $2,692 | +$908 (+33.7%) |
| 4BR | $3,800 | $2,692 | +$1,108 (+41.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.