Monthly Rent Report
Old Town Rent Report — May 2023
Asking rents in ZIP 60610, Chicago, from 1,172 listings.
Median 1BR rent in Old Town was $2,495 in May 2023, flat versus April 2023 and down 22.4% year-over-year. The middle half of 1BR listings asked between $2,495 and $2,495. That puts Old Town $1,095 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 1,172 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,325 | −$300 (-18.5%) | −$931 (-41.3%) | $1,310 – $1,909 | 3 |
| Studio | $1,864 | +$239 (+14.7%) | −$392 (-17.4%) | $1,395 – $2,181 | 300 |
| 1BR | $2,495 | $0 (0.0%) | −$720 (-22.4%) | $2,495 – $2,495 | 1 |
| 1BR | $2,517 | +$22 (+0.9%) | −$698 (-21.7%) | $2,107 – $3,038 | 467 |
| 2BR | $4,029 | +$429 (+11.9%) | −$939 (-18.9%) | $3,434 – $4,795 | 284 |
| 2BR | $3,450 | −$150 (-4.2%) | −$1,518 (-30.6%) | $3,275 – $3,625 | 2 |
| 3BR | $7,150 | +$1,900 (+36.2%) | +$463 (+6.9%) | $6,175 – $9,307 | 3 |
| 3BR | $5,550 | +$300 (+5.7%) | −$1,137 (-17.0%) | $4,495 – $7,263 | 78 |
| 4BR | $6,000 | +$3,050 (+103.4%) | −$8,032 (-57.2%) | $4,400 – $11,600 | 29 |
| 4BR | $4,400 | +$1,450 (+49.2%) | −$9,632 (-68.6%) | $4,400 – $4,400 | 3 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Old Town vs. Chicago — May 2023
| Bedrooms | Old Town Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,325 | $1,200 | +$125 (+10.4%) |
| Studio | $1,864 | $1,200 | +$664 (+55.3%) |
| 1BR | $2,495 | $1,400 | +$1,095 (+78.2%) |
| 1BR | $2,517 | $1,400 | +$1,117 (+79.8%) |
| 2BR | $4,029 | $1,698 | +$2,332 (+137.3%) |
| 2BR | $3,450 | $1,698 | +$1,753 (+103.2%) |
| 3BR | $7,150 | $2,300 | +$4,850 (+210.9%) |
| 3BR | $5,550 | $2,300 | +$3,250 (+141.3%) |
| 4BR | $6,000 | $2,548 | +$3,453 (+135.5%) |
| 4BR | $4,400 | $2,548 | +$1,853 (+72.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.