Monthly Rent Report
Old Town Rent Report — March 2023
Asking rents in ZIP 60610, Chicago, from 1,269 listings.
Median 1BR rent in Old Town was $2,479 in March 2023, down 0.6% (−$14) from February 2023 and down 12.2% year-over-year. The middle half of 1BR listings asked between $2,150 and $2,836. That puts Old Town $1,083 above the Chicago citywide 1BR median of $1,396. The month's figures are based on 1,269 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,295 | −$505 (-28.1%) | −$507 (-28.2%) | $1,295 – $1,325 | 5 |
| Studio | $1,662 | −$138 (-7.7%) | −$140 (-7.8%) | $1,325 – $2,028 | 287 |
| 1BR | $2,479 | −$14 (-0.6%) | −$344 (-12.2%) | $2,150 – $2,836 | 493 |
| 1BR | $2,123 | −$370 (-14.9%) | −$701 (-24.8%) | $2,006 – $2,265 | 4 |
| 2BR | $2,260 | −$1,760 (-43.8%) | −$2,986 (-56.9%) | $2,159 – $2,751 | 4 |
| 2BR | $3,549 | −$471 (-11.7%) | −$1,697 (-32.4%) | $3,000 – $4,355 | 353 |
| 3BR | $5,536 | −$1,146 (-17.2%) | −$281 (-4.8%) | $4,500 – $7,992 | 93 |
| 3BR | $7,550 | +$868 (+13.0%) | +$1,733 (+29.8%) | $7,425 – $7,675 | 2 |
| 4BR | $9,000 | −$1,900 (-17.4%) | −$4,858 (-35.1%) | $5,500 – $13,270 | 25 |
| 4BR | $3,600 | −$7,300 (-67.0%) | −$10,258 (-74.0%) | $3,600 – $3,600 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Old Town vs. Chicago — March 2023
| Bedrooms | Old Town Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,295 | $1,204 | +$91 (+7.6%) |
| Studio | $1,662 | $1,204 | +$458 (+38.1%) |
| 1BR | $2,479 | $1,396 | +$1,083 (+77.5%) |
| 1BR | $2,123 | $1,396 | +$726 (+52.0%) |
| 2BR | $2,260 | $1,698 | +$563 (+33.1%) |
| 2BR | $3,549 | $1,698 | +$1,852 (+109.1%) |
| 3BR | $5,536 | $2,200 | +$3,336 (+151.6%) |
| 3BR | $7,550 | $2,200 | +$5,350 (+243.2%) |
| 4BR | $9,000 | $2,444 | +$6,556 (+268.2%) |
| 4BR | $3,600 | $2,444 | +$1,156 (+47.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2023.