Monthly Rent Report
O'Hare Rent Report — April 2023
Asking rents in ZIP 60656, Chicago, from 287 listings.
Median 1BR rent in O'Hare was $1,625 in April 2023, down 5.2% (−$90) from March 2023 and up 47.7% year-over-year. The middle half of 1BR listings asked between $1,540 and $1,680. That puts O'Hare $200 above the Chicago citywide 1BR median of $1,425. The month's figures are based on 287 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,535 | −$40 (-2.5%) | — | $1,368 – $1,605 | 31 |
| Studio | $1,535 | −$40 (-2.5%) | — | $1,368 – $1,605 | 31 |
| 1BR | $1,625 | −$90 (-5.2%) | +$525 (+47.7%) | $1,540 – $1,680 | 57 |
| 1BR | $1,625 | −$90 (-5.2%) | +$525 (+47.7%) | $1,540 – $1,680 | 57 |
| 2BR | $1,700 | +$400 (+30.8%) | +$400 (+30.8%) | $1,700 – $1,700 | 1 |
| 2BR | $2,310 | +$1,010 (+77.7%) | +$1,010 (+77.7%) | $1,510 – $2,465 | 35 |
| 3BR | $2,360 | +$260 (+12.4%) | +$560 (+31.1%) | $2,330 – $2,360 | 31 |
| 3BR | $2,360 | +$260 (+12.4%) | +$560 (+31.1%) | $2,300 – $2,360 | 32 |
| 4BR | $2,647 | −$828 (-23.8%) | +$97 (+3.8%) | $2,647 – $2,647 | 6 |
| 4BR | $2,647 | −$828 (-23.8%) | +$97 (+3.8%) | $2,647 – $2,647 | 6 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
O'Hare vs. Chicago — April 2023
| Bedrooms | O'Hare Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,535 | $1,195 | +$340 (+28.5%) |
| Studio | $1,535 | $1,195 | +$340 (+28.5%) |
| 1BR | $1,625 | $1,425 | +$200 (+14.0%) |
| 1BR | $1,625 | $1,425 | +$200 (+14.0%) |
| 2BR | $1,700 | $1,725 | −$25 (-1.4%) |
| 2BR | $2,310 | $1,725 | +$585 (+33.9%) |
| 3BR | $2,360 | $2,300 | +$60 (+2.6%) |
| 3BR | $2,360 | $2,300 | +$60 (+2.6%) |
| 4BR | $2,647 | $2,597 | +$50 (+1.9%) |
| 4BR | $2,647 | $2,597 | +$50 (+1.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2023.