Monthly Rent Report
North Lawndale Rent Report — May 2023
Asking rents in ZIP 60623, Chicago, from 295 listings.
Median 1BR rent in North Lawndale was $1,495 in May 2023, up 42.4% (+$445) from April 2023 and up 81.2% year-over-year. The middle half of 1BR listings asked between $1,495 and $1,495. That puts North Lawndale $95 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 295 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,602 | +$907 (+130.5%) | — | $1,314 – $1,891 | 2 |
| Studio | $1,602 | +$907 (+130.5%) | — | $1,314 – $1,891 | 2 |
| 1BR | $1,495 | +$445 (+42.4%) | +$670 (+81.2%) | $1,495 – $1,495 | 1 |
| 1BR | $1,100 | +$50 (+4.8%) | +$275 (+33.3%) | $985 – $1,150 | 20 |
| 2BR | $1,300 | +$350 (+36.8%) | +$150 (+13.0%) | $1,175 – $1,400 | 169 |
| 2BR | $1,250 | +$300 (+31.6%) | +$100 (+8.7%) | $1,225 – $1,300 | 3 |
| 3BR | $1,500 | +$50 (+3.4%) | +$150 (+11.1%) | $1,350 – $1,600 | 74 |
| 3BR | $1,050 | −$400 (-27.6%) | −$300 (-22.2%) | $1,050 – $1,050 | 1 |
| 4BR | $1,745 | +$245 (+16.3%) | +$95 (+5.8%) | $1,745 – $1,745 | 1 |
| 4BR | $1,745 | +$245 (+16.3%) | +$95 (+5.8%) | $1,625 – $1,875 | 15 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
North Lawndale vs. Chicago — May 2023
| Bedrooms | North Lawndale Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,602 | $1,200 | +$402 (+33.5%) |
| Studio | $1,602 | $1,200 | +$402 (+33.5%) |
| 1BR | $1,495 | $1,400 | +$95 (+6.8%) |
| 1BR | $1,100 | $1,400 | −$300 (-21.4%) |
| 2BR | $1,300 | $1,698 | −$397 (-23.4%) |
| 2BR | $1,250 | $1,698 | −$447 (-26.4%) |
| 3BR | $1,500 | $2,300 | −$800 (-34.8%) |
| 3BR | $1,050 | $2,300 | −$1,250 (-54.3%) |
| 4BR | $1,745 | $2,548 | −$802 (-31.5%) |
| 4BR | $1,745 | $2,548 | −$802 (-31.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.