Monthly Rent Report
Old Town Rent Report — August 2023
Asking rents in ZIP 60610, Chicago, from 256 listings.
Median 1BR rent in Old Town was $2,195 in August 2023, up 7.1% (+$145) from July 2023 and down 20.1% year-over-year. The middle half of 1BR listings asked between $2,158 and $2,533. That puts Old Town $675 above the Chicago citywide 1BR median of $1,520. The month's figures are based on 256 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,912 | +$467 (+32.3%) | +$617 (+47.6%) | $1,375 – $2,218 | 69 |
| Studio | $1,774 | +$329 (+22.7%) | +$479 (+36.9%) | $1,659 – $1,888 | 2 |
| 1BR | $2,195 | +$145 (+7.1%) | −$551 (-20.1%) | $2,158 – $2,533 | 3 |
| 1BR | $2,745 | +$695 (+33.9%) | −$1 (-0.1%) | $2,309 – $3,120 | 148 |
| 2BR | $3,995 | −$119 (-2.9%) | −$733 (-15.5%) | $3,823 – $4,168 | 2 |
| 2BR | $3,875 | −$239 (-5.8%) | −$853 (-18.1%) | $3,875 – $3,875 | 1 |
| 3BR | $6,990 | −$410 (-5.5%) | −$1,265 (-15.3%) | $5,775 – $8,540 | 23 |
| 3BR | $5,999 | −$1,401 (-18.9%) | −$2,256 (-27.3%) | $5,998 – $5,999 | 2 |
| 4BR | $14,925 | +$8,425 (+129.6%) | +$926 (+6.6%) | $14,888 – $14,963 | 2 |
| 4BR | $13,269 | +$6,769 (+104.1%) | −$730 (-5.2%) | $13,269 – $13,269 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Old Town vs. Chicago — August 2023
| Bedrooms | Old Town Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,912 | $1,250 | +$662 (+53.0%) |
| Studio | $1,774 | $1,250 | +$524 (+41.9%) |
| 1BR | $2,195 | $1,520 | +$675 (+44.4%) |
| 1BR | $2,745 | $1,520 | +$1,225 (+80.6%) |
| 2BR | $3,995 | $1,808 | +$2,188 (+121.0%) |
| 2BR | $3,875 | $1,808 | +$2,068 (+114.4%) |
| 3BR | $6,990 | $2,395 | +$4,595 (+191.9%) |
| 3BR | $5,999 | $2,395 | +$3,604 (+150.5%) |
| 4BR | $14,925 | $2,692 | +$12,233 (+454.4%) |
| 4BR | $13,269 | $2,692 | +$10,577 (+392.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.