Monthly Rent Report
O'Hare Rent Report — March 2023
Asking rents in ZIP 60656, Chicago, from 143 listings.
Median 1BR rent in O'Hare was $1,715 in March 2023, up 1.6% (+$28) from February 2023 and up 41.2% year-over-year. The middle half of 1BR listings asked between $1,615 and $1,765. That puts O'Hare $319 above the Chicago citywide 1BR median of $1,396. The month's figures are based on 143 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,575 | +$75 (+5.0%) | +$680 (+76.0%) | $1,515 – $1,653 | 27 |
| Studio | $1,575 | +$75 (+5.0%) | +$680 (+76.0%) | $1,508 – $1,653 | 19 |
| 1BR | $1,715 | +$28 (+1.6%) | +$500 (+41.2%) | $1,615 – $1,765 | 33 |
| 1BR | $1,705 | +$18 (+1.0%) | +$490 (+40.3%) | $1,610 – $1,750 | 23 |
| 2BR | $1,300 | −$400 (-23.5%) | −$450 (-25.7%) | $1,300 – $1,300 | 1 |
| 2BR | $2,195 | +$495 (+29.1%) | +$445 (+25.4%) | $1,950 – $2,370 | 33 |
| 3BR | $2,100 | −$260 (-11.0%) | −$245 (-10.4%) | $2,100 – $2,100 | 1 |
| 3BR | $2,200 | −$160 (-6.8%) | −$145 (-6.2%) | $2,200 – $2,200 | 1 |
| 4BR | $3,475 | +$1,985 (+133.2%) | +$925 (+36.3%) | $3,475 – $3,480 | 3 |
| 4BR | $3,480 | +$1,990 (+133.6%) | +$930 (+36.5%) | $3,478 – $3,483 | 2 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
O'Hare vs. Chicago — March 2023
| Bedrooms | O'Hare Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,575 | $1,204 | +$371 (+30.8%) |
| Studio | $1,575 | $1,204 | +$371 (+30.8%) |
| 1BR | $1,715 | $1,396 | +$319 (+22.8%) |
| 1BR | $1,705 | $1,396 | +$309 (+22.1%) |
| 2BR | $1,300 | $1,698 | −$397 (-23.4%) |
| 2BR | $2,195 | $1,698 | +$498 (+29.3%) |
| 3BR | $2,100 | $2,200 | −$100 (-4.5%) |
| 3BR | $2,200 | $2,200 | $0 (0.0%) |
| 4BR | $3,475 | $2,444 | +$1,031 (+42.2%) |
| 4BR | $3,480 | $2,444 | +$1,036 (+42.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2023.