Monthly Rent Report
Uptown Rent Report — August 2023
Asking rents in ZIP 60640, Chicago, from 199 listings.
Median 1BR rent in Uptown was $1,848 in August 2023, down 20.8% (−$484) from July 2023 and up 15.5% year-over-year. The middle half of 1BR listings asked between $1,584 and $2,213. That puts Uptown $328 above the Chicago citywide 1BR median of $1,520. The month's figures are based on 199 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,398 | −$235 (-14.4%) | +$303 (+27.7%) | $1,090 – $1,655 | 10 |
| Studio | $1,275 | −$358 (-21.9%) | +$180 (+16.4%) | $1,275 – $1,436 | 12 |
| 1BR | $1,848 | −$484 (-20.8%) | +$248 (+15.5%) | $1,584 – $2,213 | 132 |
| 1BR | $1,916 | −$416 (-17.9%) | +$316 (+19.7%) | $1,367 – $2,378 | 14 |
| 2BR | $2,400 | +$138 (+6.1%) | +$440 (+22.4%) | $2,125 – $3,068 | 3 |
| 2BR | $1,850 | −$412 (-18.2%) | −$110 (-5.6%) | $1,850 – $2,000 | 3 |
| 3BR | $2,873 | +$73 (+2.6%) | −$227 (-7.3%) | $2,503 – $3,463 | 16 |
| 3BR | $2,650 | −$150 (-5.4%) | −$450 (-14.5%) | $2,650 – $2,650 | 1 |
| 4BR | $4,285 | +$735 (+20.7%) | +$985 (+29.8%) | $3,368 – $5,203 | 2 |
| 4BR | $5,160 | +$1,610 (+45.4%) | +$1,860 (+56.4%) | $2,888 – $6,120 | 6 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Uptown vs. Chicago — August 2023
| Bedrooms | Uptown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,398 | $1,250 | +$148 (+11.8%) |
| Studio | $1,275 | $1,250 | +$25 (+2.0%) |
| 1BR | $1,848 | $1,520 | +$328 (+21.6%) |
| 1BR | $1,916 | $1,520 | +$396 (+26.0%) |
| 2BR | $2,400 | $1,808 | +$593 (+32.8%) |
| 2BR | $1,850 | $1,808 | +$43 (+2.4%) |
| 3BR | $2,873 | $2,395 | +$478 (+19.9%) |
| 3BR | $2,650 | $2,395 | +$255 (+10.6%) |
| 4BR | $4,285 | $2,692 | +$1,593 (+59.2%) |
| 4BR | $5,160 | $2,692 | +$2,468 (+91.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.