Monthly Rent Report
O'Hare Rent Report — August 2023
Asking rents in ZIP 60656, Chicago, from 78 listings.
Median 1BR rent in O'Hare was $1,560 in August 2023, up 9.5% (+$135) from July 2023 and up 13.2% year-over-year. The middle half of 1BR listings asked between $1,438 and $1,629. That puts O'Hare $40 above the Chicago citywide 1BR median of $1,520. The month's figures are based on 78 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,305 | +$43 (+3.4%) | −$40 (-3.0%) | $1,250 – $1,340 | 17 |
| Studio | $1,335 | +$73 (+5.7%) | −$10 (-0.7%) | $1,275 – $1,348 | 11 |
| 1BR | $1,560 | +$135 (+9.5%) | +$183 (+13.2%) | $1,438 – $1,629 | 22 |
| 1BR | $1,540 | +$115 (+8.1%) | +$163 (+11.8%) | $1,504 – $1,574 | 8 |
| 2BR | $1,715 | +$35 (+2.1%) | +$340 (+24.7%) | $1,295 – $1,788 | 10 |
| 2BR | $2,100 | +$420 (+25.0%) | +$725 (+52.7%) | $2,100 – $2,100 | 1 |
| 3BR | $2,100 | −$260 (-11.0%) | −$55 (-2.6%) | $2,100 – $2,100 | 1 |
| 3BR | $2,360 | $0 (0.0%) | +$205 (+9.5%) | $2,360 – $2,800 | 3 |
| 4BR | $2,645 | −$2 (-0.1%) | +$95 (+3.7%) | $2,645 – $2,645 | 4 |
| 4BR | $2,560 | −$87 (-3.3%) | +$10 (+0.4%) | $2,560 – $2,560 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
O'Hare vs. Chicago — August 2023
| Bedrooms | O'Hare Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,305 | $1,250 | +$55 (+4.4%) |
| Studio | $1,335 | $1,250 | +$85 (+6.8%) |
| 1BR | $1,560 | $1,520 | +$40 (+2.6%) |
| 1BR | $1,540 | $1,520 | +$20 (+1.3%) |
| 2BR | $1,715 | $1,808 | −$92 (-5.1%) |
| 2BR | $2,100 | $1,808 | +$293 (+16.2%) |
| 3BR | $2,100 | $2,395 | −$295 (-12.3%) |
| 3BR | $2,360 | $2,395 | −$35 (-1.5%) |
| 4BR | $2,645 | $2,692 | −$47 (-1.7%) |
| 4BR | $2,560 | $2,692 | −$132 (-4.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.