Monthly Rent Report
Old Town Rent Report — July 2023
Asking rents in ZIP 60610, Chicago, from 436 listings.
Median 1BR rent in Old Town was $2,050 in July 2023, down 27.2% (−$765) from June 2023 and down 23.3% year-over-year. The middle half of 1BR listings asked between $1,995 and $2,152. That puts Old Town $600 above the Chicago citywide 1BR median of $1,450. The month's figures are based on 436 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,445 | −$374 (-20.6%) | −$882 (-37.9%) | $1,395 – $1,645 | 6 |
| Studio | $1,885 | +$66 (+3.6%) | −$442 (-19.0%) | $1,532 – $2,270 | 101 |
| 1BR | $2,050 | −$765 (-27.2%) | −$623 (-23.3%) | $1,995 – $2,152 | 9 |
| 1BR | $2,835 | +$20 (+0.7%) | +$162 (+6.0%) | $2,445 – $3,187 | 167 |
| 2BR | $4,114 | −$69 (-1.6%) | −$748 (-15.4%) | $3,170 – $4,849 | 101 |
| 2BR | $4,625 | +$442 (+10.6%) | −$237 (-4.9%) | $3,348 – $4,650 | 7 |
| 3BR | $5,500 | −$250 (-4.3%) | −$947 (-14.7%) | $5,500 – $5,936 | 3 |
| 3BR | $7,400 | +$1,650 (+28.7%) | +$953 (+14.8%) | $5,504 – $10,160 | 27 |
| 4BR | $4,495 | +$95 (+2.2%) | +$495 (+12.4%) | $4,495 – $4,495 | 1 |
| 4BR | $6,500 | +$2,100 (+47.7%) | +$2,500 (+62.5%) | $4,400 – $10,641 | 14 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Old Town vs. Chicago — July 2023
| Bedrooms | Old Town Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,445 | $1,200 | +$245 (+20.4%) |
| Studio | $1,885 | $1,200 | +$685 (+57.1%) |
| 1BR | $2,050 | $1,450 | +$600 (+41.4%) |
| 1BR | $2,835 | $1,450 | +$1,385 (+95.5%) |
| 2BR | $4,114 | $1,795 | +$2,319 (+129.2%) |
| 2BR | $4,625 | $1,795 | +$2,830 (+157.7%) |
| 3BR | $5,500 | $2,273 | +$3,228 (+142.0%) |
| 3BR | $7,400 | $2,273 | +$5,128 (+225.6%) |
| 4BR | $4,495 | $2,709 | +$1,787 (+66.0%) |
| 4BR | $6,500 | $2,709 | +$3,792 (+140.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2023.