Monthly Rent Report
North Lawndale Rent Report — March 2023
Asking rents in ZIP 60623, Chicago, from 411 listings.
Median 1BR rent in North Lawndale was $1,025 in March 2023, down 10.9% (−$125) from February 2023 and up 20.6% year-over-year. The middle half of 1BR listings asked between $920 and $1,234. That puts North Lawndale $371 below the Chicago citywide 1BR median of $1,396. The month's figures are based on 411 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $695 | −$661 (-48.8%) | −$1,805 (-72.2%) | $695 – $695 | 3 |
| Studio | $695 | −$661 (-48.8%) | −$1,805 (-72.2%) | $695 – $695 | 3 |
| 1BR | $1,025 | −$125 (-10.9%) | +$175 (+20.6%) | $920 – $1,234 | 34 |
| 1BR | $910 | −$240 (-20.9%) | +$60 (+7.1%) | $910 – $910 | 1 |
| 2BR | $1,200 | +$200 (+20.0%) | +$50 (+4.3%) | $1,100 – $1,396 | 196 |
| 2BR | $1,250 | +$250 (+25.0%) | +$100 (+8.7%) | $1,175 – $1,263 | 3 |
| 3BR | $1,400 | −$50 (-3.4%) | −$95 (-6.4%) | $1,350 – $1,600 | 134 |
| 3BR | $2,000 | +$550 (+37.9%) | +$505 (+33.8%) | $2,000 – $2,000 | 1 |
| 4BR | $1,800 | +$400 (+28.6%) | +$163 (+9.9%) | $1,661 – $1,800 | 14 |
| 4BR | $1,661 | +$261 (+18.6%) | +$24 (+1.4%) | $1,661 – $1,800 | 22 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
North Lawndale vs. Chicago — March 2023
| Bedrooms | North Lawndale Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $695 | $1,204 | −$509 (-42.3%) |
| Studio | $695 | $1,204 | −$509 (-42.3%) |
| 1BR | $1,025 | $1,396 | −$371 (-26.6%) |
| 1BR | $910 | $1,396 | −$486 (-34.8%) |
| 2BR | $1,200 | $1,698 | −$497 (-29.3%) |
| 2BR | $1,250 | $1,698 | −$447 (-26.4%) |
| 3BR | $1,400 | $2,200 | −$800 (-36.4%) |
| 3BR | $2,000 | $2,200 | −$200 (-9.1%) |
| 4BR | $1,800 | $2,444 | −$644 (-26.4%) |
| 4BR | $1,661 | $2,444 | −$783 (-32.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2023.