Monthly Rent Report
Pilsen Rent Report — March 2023
Asking rents in ZIP 60608, Chicago, from 624 listings.
Median 1BR rent in Pilsen was $1,375 in March 2023, down 11.3% (−$175) from February 2023 and up 7.8% year-over-year. The middle half of 1BR listings asked between $1,375 and $1,375. That puts Pilsen in line with the Chicago citywide 1BR median of $1,396. The month's figures are based on 624 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,150 | −$150 (-11.5%) | +$200 (+21.1%) | $1,150 – $1,150 | 1 |
| Studio | $1,200 | −$100 (-7.7%) | +$250 (+26.3%) | $1,150 – $1,250 | 11 |
| 1BR | $1,375 | −$175 (-11.3%) | +$100 (+7.8%) | $1,375 – $1,375 | 1 |
| 1BR | $1,395 | −$155 (-10.0%) | +$120 (+9.4%) | $1,200 – $1,500 | 137 |
| 2BR | $1,700 | +$100 (+6.3%) | +$700 (+70.0%) | $1,495 – $1,900 | 268 |
| 2BR | $1,550 | −$50 (-3.1%) | +$550 (+55.0%) | $1,550 – $1,650 | 5 |
| 3BR | $2,795 | +$395 (+16.5%) | +$495 (+21.5%) | $2,795 – $2,795 | 1 |
| 3BR | $2,495 | +$95 (+4.0%) | +$195 (+8.5%) | $1,900 – $3,095 | 165 |
| 4BR | $1,795 | −$600 (-25.1%) | $0 (0.0%) | $1,795 – $1,795 | 1 |
| 4BR | $2,500 | +$105 (+4.4%) | +$705 (+39.3%) | $2,113 – $2,995 | 27 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Pilsen vs. Chicago — March 2023
| Bedrooms | Pilsen Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,150 | $1,204 | −$54 (-4.5%) |
| Studio | $1,200 | $1,204 | −$4 (-0.3%) |
| 1BR | $1,375 | $1,396 | −$21 (-1.5%) |
| 1BR | $1,395 | $1,396 | −$1 (-0.1%) |
| 2BR | $1,700 | $1,698 | +$3 (+0.1%) |
| 2BR | $1,550 | $1,698 | −$147 (-8.7%) |
| 3BR | $2,795 | $2,200 | +$595 (+27.0%) |
| 3BR | $2,495 | $2,200 | +$295 (+13.4%) |
| 4BR | $1,795 | $2,444 | −$649 (-26.6%) |
| 4BR | $2,500 | $2,444 | +$56 (+2.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2023.