Monthly Rent Report
Uptown Rent Report — May 2023
Asking rents in ZIP 60640, Chicago, from 1,492 listings.
Median 1BR rent in Uptown was $1,750 in May 2023, up 1.4% (+$25) from April 2023 and up 32.3% year-over-year. The middle half of 1BR listings asked between $1,493 and $2,201. That puts Uptown $350 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 1,492 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,223 | −$52 (-4.1%) | +$73 (+6.3%) | $1,170 – $1,275 | 10 |
| Studio | $1,326 | +$51 (+4.0%) | +$176 (+15.3%) | $1,102 – $1,887 | 432 |
| 1BR | $1,750 | +$25 (+1.4%) | +$428 (+32.3%) | $1,493 – $2,201 | 576 |
| 1BR | $1,798 | +$73 (+4.2%) | +$476 (+36.0%) | $1,500 – $2,501 | 17 |
| 2BR | $2,100 | −$272 (-11.5%) | −$400 (-16.0%) | $1,775 – $2,695 | 344 |
| 2BR | $3,993 | +$1,621 (+68.3%) | +$1,493 (+59.7%) | $3,993 – $3,993 | 1 |
| 3BR | $2,843 | −$757 (-21.0%) | +$143 (+5.3%) | $2,469 – $3,323 | 91 |
| 3BR | $2,500 | −$1,100 (-30.6%) | −$200 (-7.4%) | $2,500 – $2,601 | 3 |
| 4BR | $4,000 | −$600 (-13.0%) | +$1,563 (+64.1%) | $2,695 – $5,750 | 17 |
| 4BR | $3,500 | −$1,100 (-23.9%) | +$1,063 (+43.6%) | $3,500 – $3,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Uptown vs. Chicago — May 2023
| Bedrooms | Uptown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,223 | $1,200 | +$23 (+1.9%) |
| Studio | $1,326 | $1,200 | +$126 (+10.5%) |
| 1BR | $1,750 | $1,400 | +$350 (+25.0%) |
| 1BR | $1,798 | $1,400 | +$398 (+28.4%) |
| 2BR | $2,100 | $1,698 | +$403 (+23.7%) |
| 2BR | $3,993 | $1,698 | +$2,296 (+135.2%) |
| 3BR | $2,843 | $2,300 | +$543 (+23.6%) |
| 3BR | $2,500 | $2,300 | +$200 (+8.7%) |
| 4BR | $4,000 | $2,548 | +$1,453 (+57.0%) |
| 4BR | $3,500 | $2,548 | +$953 (+37.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.