Monthly Rent Report
Logan Square Rent Report — May 2023
Asking rents in ZIP 60647, Chicago, from 585 listings.
Median 1BR rent in Logan Square was $1,425 in May 2023, down 23.0% (−$425) from April 2023 and down 8.1% year-over-year. The middle half of 1BR listings asked between $1,425 and $1,425. That puts Logan Square $25 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 585 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,250 | +$225 (+22.0%) | +$55 (+4.6%) | $1,086 – $1,550 | 267 |
| Studio | $1,123 | +$98 (+9.5%) | −$72 (-6.1%) | $1,095 – $1,344 | 10 |
| 1BR | $1,425 | −$425 (-23.0%) | −$125 (-8.1%) | $1,425 – $1,425 | 1 |
| 1BR | $2,250 | +$400 (+21.6%) | +$700 (+45.2%) | $2,175 – $2,338 | 3 |
| 2BR | $2,725 | +$876 (+47.4%) | +$630 (+30.1%) | $2,425 – $3,085 | 4 |
| 2BR | $2,600 | +$751 (+40.6%) | +$505 (+24.1%) | $2,600 – $2,600 | 1 |
| 3BR | $2,538 | −$462 (-15.4%) | −$512 (-16.8%) | $2,369 – $2,706 | 2 |
| 3BR | $2,495 | −$505 (-16.8%) | −$555 (-18.2%) | $2,195 – $3,144 | 259 |
| 4BR | $2,750 | −$850 (-23.6%) | −$50 (-1.8%) | $2,750 – $2,750 | 1 |
| 4BR | $3,800 | +$200 (+5.6%) | +$1,000 (+35.7%) | $3,460 – $4,000 | 35 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Logan Square vs. Chicago — May 2023
| Bedrooms | Logan Square Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,250 | $1,200 | +$50 (+4.2%) |
| Studio | $1,123 | $1,200 | −$77 (-6.5%) |
| 1BR | $1,425 | $1,400 | +$25 (+1.8%) |
| 1BR | $2,250 | $1,400 | +$850 (+60.7%) |
| 2BR | $2,725 | $1,698 | +$1,028 (+60.5%) |
| 2BR | $2,600 | $1,698 | +$903 (+53.2%) |
| 3BR | $2,538 | $2,300 | +$238 (+10.3%) |
| 3BR | $2,495 | $2,300 | +$195 (+8.5%) |
| 4BR | $2,750 | $2,548 | +$203 (+7.9%) |
| 4BR | $3,800 | $2,548 | +$1,253 (+49.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.