Monthly Rent Report
O'Hare Rent Report — May 2023
Asking rents in ZIP 60656, Chicago, from 182 listings.
Median 1BR rent in O'Hare was $1,405 in May 2023, down 13.5% (−$220) from April 2023 and up 8.1% year-over-year. The middle half of 1BR listings asked between $1,353 and $1,435. That puts O'Hare in line with the Chicago citywide 1BR median of $1,400. The month's figures are based on 182 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,295 | −$240 (-15.6%) | +$98 (+8.1%) | $1,195 – $1,318 | 11 |
| Studio | $1,295 | −$240 (-15.6%) | +$98 (+8.1%) | $1,213 – $1,358 | 20 |
| 1BR | $1,405 | −$220 (-13.5%) | +$105 (+8.1%) | $1,353 – $1,435 | 19 |
| 1BR | $1,390 | −$235 (-14.5%) | +$90 (+6.9%) | $1,350 – $1,435 | 39 |
| 2BR | $2,025 | −$285 (-12.3%) | +$225 (+12.5%) | $1,688 – $2,363 | 2 |
| 2BR | $1,893 | −$417 (-18.1%) | +$93 (+5.1%) | $1,295 – $2,089 | 48 |
| 3BR | $2,360 | $0 (0.0%) | +$560 (+31.1%) | $2,360 – $2,360 | 21 |
| 3BR | $2,405 | +$45 (+1.9%) | +$605 (+33.6%) | $2,295 – $2,496 | 4 |
| 4BR | $2,647 | $0 (0.0%) | +$97 (+3.8%) | $2,647 – $2,647 | 15 |
| 4BR | $2,647 | $0 (0.0%) | +$97 (+3.8%) | $2,647 – $2,946 | 3 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
O'Hare vs. Chicago — May 2023
| Bedrooms | O'Hare Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,295 | $1,200 | +$95 (+7.9%) |
| Studio | $1,295 | $1,200 | +$95 (+7.9%) |
| 1BR | $1,405 | $1,400 | +$5 (+0.4%) |
| 1BR | $1,390 | $1,400 | −$10 (-0.7%) |
| 2BR | $2,025 | $1,698 | +$328 (+19.3%) |
| 2BR | $1,893 | $1,698 | +$195 (+11.5%) |
| 3BR | $2,360 | $2,300 | +$60 (+2.6%) |
| 3BR | $2,405 | $2,300 | +$105 (+4.6%) |
| 4BR | $2,647 | $2,548 | +$100 (+3.9%) |
| 4BR | $2,647 | $2,548 | +$100 (+3.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.