Monthly Rent Report
Portage Park Rent Report — May 2023
Asking rents in ZIP 60634, Chicago, from 159 listings.
Median 1BR rent in Portage Park was $1,200 in May 2023, down 4.0% (−$50) from April 2023 and down 7.7% year-over-year. The middle half of 1BR listings asked between $1,150 and $1,250. That puts Portage Park $200 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 159 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,750 | $0 (0.0%) | +$750 (+75.0%) | $1,750 – $1,750 | 1 |
| Studio | $1,550 | −$200 (-11.4%) | +$550 (+55.0%) | $1,250 – $1,750 | 12 |
| 1BR | $1,200 | −$50 (-4.0%) | −$100 (-7.7%) | $1,150 – $1,250 | 25 |
| 1BR | $1,250 | $0 (0.0%) | −$50 (-3.8%) | $1,250 – $1,250 | 1 |
| 2BR | $1,995 | +$670 (+50.6%) | +$800 (+66.9%) | $1,550 – $2,200 | 31 |
| 2BR | $1,500 | +$175 (+13.2%) | +$305 (+25.5%) | $1,500 – $1,500 | 1 |
| 3BR | $1,685 | −$710 (-29.6%) | −$515 (-23.4%) | $1,685 – $1,685 | 1 |
| 3BR | $2,395 | $0 (0.0%) | +$195 (+8.9%) | $2,158 – $2,395 | 51 |
| 4BR | $3,300 | +$706 (+27.2%) | +$845 (+34.4%) | $3,300 – $3,300 | 4 |
| 4BR | $2,695 | +$101 (+3.9%) | +$240 (+9.8%) | $2,594 – $2,695 | 13 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Portage Park vs. Chicago — May 2023
| Bedrooms | Portage Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,750 | $1,200 | +$550 (+45.8%) |
| Studio | $1,550 | $1,200 | +$350 (+29.2%) |
| 1BR | $1,200 | $1,400 | −$200 (-14.3%) |
| 1BR | $1,250 | $1,400 | −$150 (-10.7%) |
| 2BR | $1,995 | $1,698 | +$298 (+17.5%) |
| 2BR | $1,500 | $1,698 | −$197 (-11.6%) |
| 3BR | $1,685 | $2,300 | −$615 (-26.7%) |
| 3BR | $2,395 | $2,300 | +$95 (+4.1%) |
| 4BR | $3,300 | $2,548 | +$753 (+29.5%) |
| 4BR | $2,695 | $2,548 | +$148 (+5.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.