Monthly Rent Report
O'Hare Rent Report — October 2023
Asking rents in ZIP 60656, Chicago, from 50 listings.
Median 1BR rent in O'Hare was $1,350 in October 2023, up 3.8% (+$50) from September 2023 and down 14.8% year-over-year. The middle half of 1BR listings asked between $1,350 and $1,350. That puts O'Hare $125 below the Chicago citywide 1BR median of $1,475. The month's figures are based on 50 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,150 | −$290 (-20.1%) | +$150 (+15.0%) | $1,150 – $1,150 | 3 |
| Studio | $1,455 | +$15 (+1.0%) | +$455 (+45.5%) | $1,358 – $1,501 | 12 |
| 1BR | $1,350 | +$50 (+3.8%) | −$235 (-14.8%) | $1,350 – $1,350 | 1 |
| 1BR | $1,595 | +$295 (+22.7%) | +$10 (+0.6%) | $1,595 – $1,595 | 5 |
| 2BR | $2,200 | +$905 (+69.9%) | +$550 (+33.3%) | $2,063 – $2,338 | 4 |
| 2BR | $1,800 | +$505 (+39.0%) | +$150 (+9.1%) | $1,800 – $1,800 | 1 |
| 3BR | $2,400 | +$600 (+33.3%) | +$40 (+1.7%) | $2,325 – $2,550 | 3 |
| 3BR | $2,250 | +$450 (+25.0%) | −$110 (-4.7%) | $2,250 – $2,250 | 2 |
| 4BR | $2,560 | $0 (0.0%) | +$10 (+0.4%) | $2,560 – $2,560 | 19 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
O'Hare vs. Chicago — October 2023
| Bedrooms | O'Hare Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,150 | $1,200 | −$50 (-4.2%) |
| Studio | $1,455 | $1,200 | +$255 (+21.3%) |
| 1BR | $1,350 | $1,475 | −$125 (-8.5%) |
| 1BR | $1,595 | $1,475 | +$120 (+8.1%) |
| 2BR | $2,200 | $1,800 | +$400 (+22.2%) |
| 2BR | $1,800 | $1,800 | $0 (0.0%) |
| 3BR | $2,400 | $2,450 | −$50 (-2.0%) |
| 3BR | $2,250 | $2,450 | −$200 (-8.2%) |
| 4BR | $2,560 | $2,575 | −$15 (-0.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2023.