Monthly Rent Report
O'Hare Rent Report — May 2022
Asking rents in ZIP 60656, Chicago, from 18 listings.
Median 1BR rent in O'Hare was $1,300 in May 2022, up 18.2% (+$200) from April 2022 and up 26.8% year-over-year. The middle half of 1BR listings asked between $1,300 and $1,300. That puts O'Hare in line with the Chicago citywide 1BR median of $1,298. The month's figures are based on 18 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2022 | Vs. May 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,198 | — | — | $1,180 – $1,230 | 4 |
| 1BR | $1,300 | +$200 (+18.2%) | +$275 (+26.8%) | $1,300 – $1,300 | 1 |
| 2BR | $1,800 | +$500 (+38.5%) | +$200 (+12.5%) | $1,800 – $1,800 | 1 |
| 3BR | $1,800 | $0 (0.0%) | −$545 (-23.2%) | $1,800 – $1,800 | 1 |
| 4BR | $2,550 | $0 (0.0%) | $0 (0.0%) | $2,550 – $2,550 | 11 |
Median, P25, and P75 are asking rents from listings posted in May 2022. Changes compare against the nearest prior month with data.
O'Hare vs. Chicago — May 2022
| Bedrooms | O'Hare Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,198 | $1,050 | +$148 (+14.0%) |
| 1BR | $1,300 | $1,298 | +$3 (+0.2%) |
| 2BR | $1,800 | $1,599 | +$201 (+12.6%) |
| 3BR | $1,800 | $2,100 | −$300 (-14.3%) |
| 4BR | $2,550 | $2,600 | −$50 (-1.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2022.