Monthly Rent Report
Old Town Rent Report — May 2024
Asking rents in ZIP 60610, Chicago, from 3,706 listings.
Median 1BR rent in Old Town was $2,613 in May 2024, down 4.0% (−$107) from April 2024 and up 4.7% year-over-year. The middle half of 1BR listings asked between $2,563 and $2,675. That puts Old Town $1,110 above the Chicago citywide 1BR median of $1,503. The month's figures are based on 3,706 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,087 | +$348 (+20.0%) | +$223 (+12.0%) | $1,725 – $2,420 | 964 |
| Studio | $1,900 | +$161 (+9.2%) | +$36 (+1.9%) | $1,900 – $1,900 | 2 |
| 1BR | $2,613 | −$107 (-4.0%) | +$118 (+4.7%) | $2,563 – $2,675 | 12 |
| 1BR | $2,736 | +$16 (+0.6%) | +$241 (+9.6%) | $2,295 – $3,128 | 1,500 |
| 2BR | $3,350 | −$224 (-6.3%) | −$100 (-2.9%) | $3,350 – $3,350 | 2 |
| 2BR | $4,316 | +$742 (+20.7%) | +$866 (+25.1%) | $3,334 – $4,700 | 889 |
| 3BR | $6,084 | +$519 (+9.3%) | −$1,066 (-14.9%) | $5,105 – $7,870 | 296 |
| 3BR | $5,150 | −$415 (-7.5%) | −$2,000 (-28.0%) | $4,434 – $5,931 | 3 |
| 4BR | $6,500 | +$2,005 (+44.6%) | +$2,100 (+47.7%) | $4,900 – $8,850 | 27 |
| 4BR | $4,400 | −$95 (-2.1%) | $0 (0.0%) | $4,400 – $4,400 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Old Town vs. Chicago — May 2024
| Bedrooms | Old Town Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,087 | $1,196 | +$891 (+74.5%) |
| Studio | $1,900 | $1,196 | +$704 (+58.9%) |
| 1BR | $2,613 | $1,503 | +$1,110 (+73.9%) |
| 1BR | $2,736 | $1,503 | +$1,233 (+82.1%) |
| 2BR | $3,350 | $1,825 | +$1,525 (+83.6%) |
| 2BR | $4,316 | $1,825 | +$2,491 (+136.5%) |
| 3BR | $6,084 | $2,236 | +$3,848 (+172.1%) |
| 3BR | $5,150 | $2,236 | +$2,914 (+130.3%) |
| 4BR | $6,500 | $2,725 | +$3,775 (+138.5%) |
| 4BR | $4,400 | $2,725 | +$1,675 (+61.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.