Monthly Rent Report
Wicker Park Rent Report — May 2023
Asking rents in ZIP 60622, Chicago, from 547 listings.
Median 1BR rent in Wicker Park was $2,195 in May 2023, up 12.9% (+$251) from April 2023 and up 15.8% year-over-year. The middle half of 1BR listings asked between $1,785 and $2,235. That puts Wicker Park $795 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 547 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,350 | −$745 (-35.6%) | +$55 (+4.2%) | $1,350 – $1,350 | 1 |
| Studio | $1,250 | −$845 (-40.3%) | −$45 (-3.5%) | $1,150 – $2,095 | 17 |
| 1BR | $2,195 | +$251 (+12.9%) | +$300 (+15.8%) | $1,785 – $2,235 | 3 |
| 1BR | $1,887 | −$57 (-2.9%) | −$8 (-0.4%) | $1,700 – $2,306 | 120 |
| 2BR | $2,450 | +$250 (+11.4%) | +$475 (+24.1%) | $2,400 – $3,189 | 9 |
| 2BR | $2,100 | −$100 (-4.5%) | +$125 (+6.3%) | $1,768 – $2,600 | 335 |
| 3BR | $3,600 | +$600 (+20.0%) | +$913 (+34.0%) | $2,775 – $3,800 | 5 |
| 3BR | $3,100 | +$100 (+3.3%) | +$413 (+15.3%) | $3,100 – $3,100 | 1 |
| 4BR | $3,750 | +$150 (+4.2%) | −$250 (-6.3%) | $3,499 – $4,750 | 51 |
| 4BR | $2,495 | −$1,105 (-30.7%) | −$1,505 (-37.6%) | $2,495 – $2,495 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Wicker Park vs. Chicago — May 2023
| Bedrooms | Wicker Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,350 | $1,200 | +$150 (+12.5%) |
| Studio | $1,250 | $1,200 | +$50 (+4.2%) |
| 1BR | $2,195 | $1,400 | +$795 (+56.8%) |
| 1BR | $1,887 | $1,400 | +$487 (+34.8%) |
| 2BR | $2,450 | $1,698 | +$753 (+44.3%) |
| 2BR | $2,100 | $1,698 | +$403 (+23.7%) |
| 3BR | $3,600 | $2,300 | +$1,300 (+56.5%) |
| 3BR | $3,100 | $2,300 | +$800 (+34.8%) |
| 4BR | $3,750 | $2,548 | +$1,203 (+47.2%) |
| 4BR | $2,495 | $2,548 | −$52 (-2.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.