Monthly Rent Report
O'Hare Rent Report — February 2023
Asking rents in ZIP 60656, Chicago, from 234 listings.
Median 1BR rent in O'Hare was $1,680 in February 2023, up 6.3% (+$100) from January 2023 and up 34.4% year-over-year. The middle half of 1BR listings asked between $1,605 and $1,744. That puts O'Hare $280 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 234 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,500 | +$190 (+14.5%) | — | $1,420 – $1,589 | 20 |
| Studio | $1,475 | +$165 (+12.6%) | — | $1,415 – $1,585 | 25 |
| 1BR | $1,680 | +$100 (+6.3%) | +$430 (+34.4%) | $1,605 – $1,744 | 38 |
| 1BR | $1,688 | +$108 (+6.8%) | +$438 (+35.0%) | $1,609 – $1,761 | 48 |
| 2BR | $2,118 | +$793 (+59.8%) | +$618 (+41.2%) | $1,674 – $2,261 | 40 |
| 2BR | $1,700 | +$375 (+28.3%) | +$200 (+13.3%) | $1,700 – $1,700 | 1 |
| 3BR | $2,360 | $0 (0.0%) | +$15 (+0.6%) | $2,360 – $2,360 | 23 |
| 3BR | $2,360 | $0 (0.0%) | +$15 (+0.6%) | $2,360 – $2,360 | 30 |
| 4BR | $1,490 | −$1,060 (-41.6%) | −$1,060 (-41.6%) | $1,490 – $1,490 | 1 |
| 4BR | $2,599 | +$49 (+1.9%) | +$49 (+1.9%) | $2,550 – $3,253 | 8 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
O'Hare vs. Chicago — February 2023
| Bedrooms | O'Hare Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,500 | $1,149 | +$351 (+30.6%) |
| Studio | $1,475 | $1,149 | +$326 (+28.4%) |
| 1BR | $1,680 | $1,400 | +$280 (+20.0%) |
| 1BR | $1,688 | $1,400 | +$288 (+20.5%) |
| 2BR | $2,118 | $1,695 | +$423 (+24.9%) |
| 2BR | $1,700 | $1,695 | +$5 (+0.3%) |
| 3BR | $2,360 | $2,188 | +$173 (+7.9%) |
| 3BR | $2,360 | $2,188 | +$173 (+7.9%) |
| 4BR | $1,490 | $2,393 | −$902 (-37.7%) |
| 4BR | $2,599 | $2,393 | +$206 (+8.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2023.