Monthly Rent Report
Lincoln Square Rent Report — May 2024
Asking rents in ZIP 60625, Chicago, from 619 listings.
Median 1BR rent in Lincoln Square was $1,500 in May 2024, down 6.3% (−$100) from April 2024 and up 7.5% year-over-year. The middle half of 1BR listings asked between $1,368 and $1,725. That puts Lincoln Square in line with the Chicago citywide 1BR median of $1,503. The month's figures are based on 619 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,400 | −$155 (-10.0%) | +$200 (+16.7%) | $1,400 – $1,400 | 3 |
| Studio | $1,200 | −$355 (-22.8%) | $0 (0.0%) | $1,095 – $1,275 | 114 |
| 1BR | $1,500 | −$100 (-6.3%) | +$105 (+7.5%) | $1,368 – $1,725 | 326 |
| 1BR | $1,800 | +$200 (+12.5%) | +$405 (+29.0%) | $1,583 – $1,975 | 3 |
| 2BR | $1,695 | −$377 (-18.2%) | +$100 (+6.3%) | $1,660 – $1,745 | 7 |
| 2BR | $1,750 | −$322 (-15.6%) | +$155 (+9.7%) | $1,750 – $1,750 | 1 |
| 3BR | $2,795 | +$295 (+11.8%) | −$302 (-9.8%) | $2,793 – $2,798 | 2 |
| 3BR | $2,500 | $0 (0.0%) | −$597 (-19.3%) | $2,100 – $3,500 | 139 |
| 4BR | $2,999 | −$1 (-0.0%) | +$295 (+10.9%) | $2,400 – $3,200 | 9 |
| 4BR | $2,999 | −$1 (-0.0%) | +$295 (+10.9%) | $2,400 – $3,200 | 9 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Lincoln Square vs. Chicago — May 2024
| Bedrooms | Lincoln Square Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,400 | $1,196 | +$204 (+17.1%) |
| Studio | $1,200 | $1,196 | +$4 (+0.3%) |
| 1BR | $1,500 | $1,503 | −$2 (-0.2%) |
| 1BR | $1,800 | $1,503 | +$298 (+19.8%) |
| 2BR | $1,695 | $1,825 | −$130 (-7.1%) |
| 2BR | $1,750 | $1,825 | −$75 (-4.1%) |
| 3BR | $2,795 | $2,236 | +$559 (+25.0%) |
| 3BR | $2,500 | $2,236 | +$264 (+11.8%) |
| 4BR | $2,999 | $2,725 | +$274 (+10.1%) |
| 4BR | $2,999 | $2,725 | +$274 (+10.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.