Monthly Rent Report
North Lawndale Rent Report — August 2023
Asking rents in ZIP 60623, Chicago, from 73 listings.
Median 1BR rent in North Lawndale was $1,030 in August 2023, up 0.5% (+$5) from July 2023 and up 7.9% year-over-year. The middle half of 1BR listings asked between $995 and $1,065. That puts North Lawndale $490 below the Chicago citywide 1BR median of $1,520. The month's figures are based on 73 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $750 | −$275 (-26.8%) | — | $750 – $750 | 1 |
| Studio | $723 | −$302 (-29.5%) | — | $709 – $736 | 2 |
| 1BR | $1,030 | +$5 (+0.5%) | +$75 (+7.9%) | $995 – $1,065 | 2 |
| 1BR | $2,000 | +$975 (+95.1%) | +$1,045 (+109.4%) | $2,000 – $2,000 | 1 |
| 2BR | $1,250 | −$50 (-3.8%) | +$200 (+19.0%) | $1,200 – $1,388 | 47 |
| 2BR | $1,095 | −$205 (-15.8%) | +$45 (+4.3%) | $1,095 – $1,095 | 1 |
| 3BR | $1,225 | −$775 (-38.8%) | −$370 (-23.2%) | $1,225 – $1,225 | 1 |
| 3BR | $1,350 | −$650 (-32.5%) | −$245 (-15.4%) | $1,335 – $1,738 | 11 |
| 4BR | $1,450 | −$200 (-12.1%) | −$200 (-12.1%) | $1,450 – $1,450 | 1 |
| 4BR | $1,760 | +$110 (+6.7%) | +$110 (+6.7%) | $1,640 – $1,880 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
North Lawndale vs. Chicago — August 2023
| Bedrooms | North Lawndale Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $750 | $1,250 | −$500 (-40.0%) |
| Studio | $723 | $1,250 | −$527 (-42.2%) |
| 1BR | $1,030 | $1,520 | −$490 (-32.2%) |
| 1BR | $2,000 | $1,520 | +$480 (+31.6%) |
| 2BR | $1,250 | $1,808 | −$557 (-30.8%) |
| 2BR | $1,095 | $1,808 | −$712 (-39.4%) |
| 3BR | $1,225 | $2,395 | −$1,170 (-48.9%) |
| 3BR | $1,350 | $2,395 | −$1,045 (-43.6%) |
| 4BR | $1,450 | $2,692 | −$1,242 (-46.1%) |
| 4BR | $1,760 | $2,692 | −$932 (-34.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.