Monthly Rent Report
Uptown Rent Report — February 2024
Asking rents in ZIP 60640, Chicago, from 1,310 listings.
Median 1BR rent in Uptown was $1,641 in February 2024, up 1.9% (+$31) from January 2024 and up 17.2% year-over-year. The middle half of 1BR listings asked between $1,519 and $1,908. That puts Uptown $141 above the Chicago citywide 1BR median of $1,500. The month's figures are based on 1,310 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,350 | −$233 (-14.7%) | +$200 (+17.4%) | $1,350 – $1,350 | 3 |
| Studio | $1,290 | −$293 (-18.5%) | +$140 (+12.2%) | $1,095 – $1,633 | 485 |
| 1BR | $1,641 | +$31 (+1.9%) | +$241 (+17.2%) | $1,519 – $1,908 | 10 |
| 1BR | $1,750 | +$140 (+8.7%) | +$350 (+25.0%) | $1,575 – $2,128 | 638 |
| 2BR | $1,650 | −$1,545 (-48.4%) | −$600 (-26.7%) | $1,650 – $1,650 | 1 |
| 2BR | $2,250 | −$945 (-29.6%) | $0 (0.0%) | $1,950 – $2,295 | 5 |
| 3BR | $2,900 | $0 (0.0%) | −$1,006 (-25.8%) | $2,900 – $2,900 | 1 |
| 3BR | $3,150 | +$250 (+8.6%) | −$756 (-19.4%) | $2,700 – $3,650 | 143 |
| 4BR | $3,700 | +$350 (+10.4%) | +$500 (+15.6%) | $3,250 – $6,599 | 15 |
| 4BR | $3,250 | −$100 (-3.0%) | +$50 (+1.6%) | $3,250 – $3,250 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Uptown vs. Chicago — February 2024
| Bedrooms | Uptown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,350 | $1,211 | +$139 (+11.5%) |
| Studio | $1,290 | $1,211 | +$79 (+6.5%) |
| 1BR | $1,641 | $1,500 | +$141 (+9.4%) |
| 1BR | $1,750 | $1,500 | +$250 (+16.7%) |
| 2BR | $1,650 | $1,813 | −$162 (-9.0%) |
| 2BR | $2,250 | $1,813 | +$438 (+24.1%) |
| 3BR | $2,900 | $2,300 | +$600 (+26.1%) |
| 3BR | $3,150 | $2,300 | +$850 (+37.0%) |
| 4BR | $3,700 | $2,792 | +$909 (+32.5%) |
| 4BR | $3,250 | $2,792 | +$459 (+16.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2024.