Monthly Rent Report
Uptown Rent Report — February 2023
Asking rents in ZIP 60640, Chicago, from 1,228 listings.
Median 1BR rent in Uptown was $1,595 in February 2023, down 4.4% (−$74) from January 2023 and up 14.3% year-over-year. The middle half of 1BR listings asked between $1,400 and $1,914. That puts Uptown $195 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 1,228 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,250 | +$130 (+11.6%) | +$450 (+56.3%) | $1,053 – $1,820 | 282 |
| Studio | $1,150 | +$30 (+2.7%) | +$350 (+43.8%) | $1,095 – $1,275 | 5 |
| 1BR | $1,595 | −$74 (-4.4%) | +$200 (+14.3%) | $1,400 – $1,914 | 429 |
| 1BR | $1,400 | −$269 (-16.1%) | +$5 (+0.4%) | $1,175 – $1,676 | 13 |
| 2BR | $2,000 | −$100 (-4.8%) | +$400 (+25.0%) | $1,725 – $2,511 | 391 |
| 2BR | $2,250 | +$150 (+7.1%) | +$650 (+40.6%) | $2,000 – $3,259 | 8 |
| 3BR | $2,625 | +$25 (+1.0%) | −$75 (-2.8%) | $1,965 – $3,200 | 91 |
| 3BR | $3,906 | +$1,306 (+50.2%) | +$1,206 (+44.7%) | $3,153 – $4,659 | 2 |
| 4BR | $4,760 | −$990 (-17.2%) | +$2,260 (+90.4%) | $3,250 – $6,120 | 6 |
| 4BR | $3,200 | −$2,550 (-44.3%) | +$700 (+28.0%) | $3,200 – $3,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Uptown vs. Chicago — February 2023
| Bedrooms | Uptown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,250 | $1,149 | +$101 (+8.8%) |
| Studio | $1,150 | $1,149 | +$1 (+0.1%) |
| 1BR | $1,595 | $1,400 | +$195 (+13.9%) |
| 1BR | $1,400 | $1,400 | $0 (0.0%) |
| 2BR | $2,000 | $1,695 | +$305 (+18.0%) |
| 2BR | $2,250 | $1,695 | +$555 (+32.7%) |
| 3BR | $2,625 | $2,188 | +$438 (+20.0%) |
| 3BR | $3,906 | $2,188 | +$1,719 (+78.6%) |
| 4BR | $4,760 | $2,393 | +$2,368 (+99.0%) |
| 4BR | $3,200 | $2,393 | +$808 (+33.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2023.