Monthly Rent Report
Pilsen Rent Report — May 2023
Asking rents in ZIP 60608, Chicago, from 514 listings.
Median 1BR rent in Pilsen was $1,500 in May 2023, flat versus April 2023 and down 4.8% year-over-year. The middle half of 1BR listings asked between $1,340 and $1,750. That puts Pilsen $100 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 514 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,250 | +$50 (+4.2%) | +$250 (+25.0%) | $1,250 – $1,250 | 1 |
| Studio | $1,250 | +$50 (+4.2%) | +$250 (+25.0%) | $1,250 – $1,250 | 5 |
| 1BR | $1,500 | $0 (0.0%) | −$75 (-4.8%) | $1,340 – $1,750 | 71 |
| 1BR | $1,575 | +$75 (+5.0%) | $0 (0.0%) | $1,575 – $1,575 | 1 |
| 2BR | $1,695 | +$45 (+2.7%) | +$195 (+13.0%) | $1,450 – $2,100 | 235 |
| 2BR | $1,700 | +$50 (+3.0%) | +$200 (+13.3%) | $1,700 – $1,700 | 2 |
| 3BR | $2,300 | −$395 (-14.7%) | +$150 (+7.0%) | $1,913 – $2,695 | 162 |
| 3BR | $2,175 | −$520 (-19.3%) | +$25 (+1.2%) | $2,138 – $2,213 | 2 |
| 4BR | $2,850 | −$50 (-1.7%) | +$850 (+42.5%) | $2,313 – $3,000 | 26 |
| 4BR | $1,850 | −$1,050 (-36.2%) | −$150 (-7.5%) | $1,850 – $1,850 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Pilsen vs. Chicago — May 2023
| Bedrooms | Pilsen Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,250 | $1,200 | +$50 (+4.2%) |
| Studio | $1,250 | $1,200 | +$50 (+4.2%) |
| 1BR | $1,500 | $1,400 | +$100 (+7.1%) |
| 1BR | $1,575 | $1,400 | +$175 (+12.5%) |
| 2BR | $1,695 | $1,698 | −$2 (-0.1%) |
| 2BR | $1,700 | $1,698 | +$3 (+0.1%) |
| 3BR | $2,300 | $2,300 | $0 (0.0%) |
| 3BR | $2,175 | $2,300 | −$125 (-5.4%) |
| 4BR | $2,850 | $2,548 | +$303 (+11.9%) |
| 4BR | $1,850 | $2,548 | −$697 (-27.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.