Monthly Rent Report
Uptown Rent Report — May 2024
Asking rents in ZIP 60640, Chicago, from 1,076 listings.
Median 1BR rent in Uptown was $1,400 in May 2024, down 36.2% (−$795) from April 2024 and down 22.1% year-over-year. The middle half of 1BR listings asked between $1,400 and $1,688. That puts Uptown $103 below the Chicago citywide 1BR median of $1,503. The month's figures are based on 1,076 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,400 | −$32 (-2.3%) | +$178 (+14.5%) | $1,400 – $1,450 | 5 |
| Studio | $1,529 | +$97 (+6.7%) | +$307 (+25.1%) | $1,250 – $1,750 | 817 |
| 1BR | $1,400 | −$795 (-36.2%) | −$398 (-22.1%) | $1,400 – $1,688 | 7 |
| 1BR | $1,500 | −$695 (-31.7%) | −$298 (-16.6%) | $1,375 – $1,595 | 14 |
| 2BR | $4,000 | +$1,550 (+63.3%) | +$1,900 (+90.5%) | $4,000 – $4,000 | 4 |
| 2BR | $2,395 | −$55 (-2.2%) | +$295 (+14.0%) | $2,000 – $2,825 | 5 |
| 3BR | $3,429 | −$66 (-1.9%) | +$929 (+37.2%) | $2,800 – $5,053 | 203 |
| 3BR | $3,250 | −$245 (-7.0%) | +$750 (+30.0%) | $3,250 – $3,250 | 1 |
| 4BR | $4,400 | −$350 (-7.4%) | +$900 (+25.7%) | $4,050 – $5,250 | 19 |
| 4BR | $4,200 | −$550 (-11.6%) | +$700 (+20.0%) | $4,200 – $4,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Uptown vs. Chicago — May 2024
| Bedrooms | Uptown Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,400 | $1,196 | +$204 (+17.1%) |
| Studio | $1,529 | $1,196 | +$333 (+27.8%) |
| 1BR | $1,400 | $1,503 | −$102 (-6.8%) |
| 1BR | $1,500 | $1,503 | −$2 (-0.2%) |
| 2BR | $4,000 | $1,825 | +$2,175 (+119.2%) |
| 2BR | $2,395 | $1,825 | +$570 (+31.2%) |
| 3BR | $3,429 | $2,236 | +$1,193 (+53.4%) |
| 3BR | $3,250 | $2,236 | +$1,014 (+45.3%) |
| 4BR | $4,400 | $2,725 | +$1,675 (+61.5%) |
| 4BR | $4,200 | $2,725 | +$1,475 (+54.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.