Monthly Rent Report
Uptown Rent Report — July 2023
Asking rents in ZIP 60640, Chicago, from 644 listings.
Median 1BR rent in Uptown was $2,332 in July 2023, up 50.5% (+$782) from June 2023 and up 138.0% year-over-year. The middle half of 1BR listings asked between $1,547 and $2,501. That puts Uptown $882 above the Chicago citywide 1BR median of $1,450. The month's figures are based on 644 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,250 | −$45 (-3.5%) | +$200 (+19.0%) | $1,075 – $1,568 | 231 |
| Studio | $1,633 | +$338 (+26.1%) | +$583 (+55.5%) | $1,295 – $1,772 | 17 |
| 1BR | $2,332 | +$782 (+50.5%) | +$1,352 (+138.0%) | $1,547 – $2,501 | 17 |
| 1BR | $1,750 | +$200 (+12.9%) | +$770 (+78.6%) | $1,533 – $2,292 | 204 |
| 2BR | $2,295 | −$400 (-14.8%) | $0 (0.0%) | $2,135 – $2,345 | 3 |
| 2BR | $2,263 | −$432 (-16.0%) | −$32 (-1.4%) | $1,796 – $2,795 | 134 |
| 3BR | $3,654 | +$507 (+16.1%) | +$1,004 (+37.9%) | $3,425 – $3,884 | 2 |
| 3BR | $2,800 | −$347 (-11.0%) | +$150 (+5.7%) | $2,500 – $3,200 | 33 |
| 4BR | $3,550 | −$50 (-1.4%) | +$200 (+6.0%) | $3,550 – $3,550 | 1 |
| 4BR | $4,310 | +$710 (+19.7%) | +$960 (+28.7%) | $3,405 – $5,215 | 2 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Uptown vs. Chicago — July 2023
| Bedrooms | Uptown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,250 | $1,200 | +$50 (+4.2%) |
| Studio | $1,633 | $1,200 | +$433 (+36.1%) |
| 1BR | $2,332 | $1,450 | +$882 (+60.8%) |
| 1BR | $1,750 | $1,450 | +$300 (+20.7%) |
| 2BR | $2,295 | $1,795 | +$500 (+27.9%) |
| 2BR | $2,263 | $1,795 | +$468 (+26.0%) |
| 3BR | $3,654 | $2,273 | +$1,382 (+60.8%) |
| 3BR | $2,800 | $2,273 | +$528 (+23.2%) |
| 4BR | $3,550 | $2,709 | +$842 (+31.1%) |
| 4BR | $4,310 | $2,709 | +$1,602 (+59.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2023.