Monthly Rent Report
Woodlawn Rent Report — May 2023
Asking rents in ZIP 60637, Chicago, from 672 listings.
Median 1BR rent in Woodlawn was $1,130 in May 2023, up 25.6% (+$230) from April 2023 and down 12.7% year-over-year. The middle half of 1BR listings asked between $1,070 and $1,190. That puts Woodlawn $270 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 672 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $740 | −$260 (-26.0%) | −$110 (-12.9%) | $740 – $740 | 1 |
| Studio | $1,250 | +$250 (+25.0%) | +$400 (+47.1%) | $950 – $1,491 | 43 |
| 1BR | $1,130 | +$230 (+25.6%) | −$165 (-12.7%) | $1,070 – $1,190 | 2 |
| 1BR | $1,363 | +$463 (+51.4%) | +$68 (+5.2%) | $955 – $1,750 | 108 |
| 2BR | $1,346 | +$31 (+2.4%) | −$46 (-3.3%) | $1,200 – $1,513 | 195 |
| 2BR | $1,000 | −$315 (-24.0%) | −$392 (-28.2%) | $1,000 – $1,000 | 1 |
| 3BR | $1,750 | +$50 (+2.9%) | +$125 (+7.7%) | $1,500 – $2,200 | 237 |
| 3BR | $1,875 | +$175 (+10.3%) | +$250 (+15.4%) | $1,875 – $1,875 | 1 |
| 4BR | $2,300 | +$214 (+10.3%) | −$820 (-26.3%) | $2,300 – $2,300 | 1 |
| 4BR | $2,000 | −$86 (-4.1%) | −$1,120 (-35.9%) | $1,575 – $2,813 | 71 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Woodlawn vs. Chicago — May 2023
| Bedrooms | Woodlawn Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $740 | $1,200 | −$460 (-38.3%) |
| Studio | $1,250 | $1,200 | +$50 (+4.2%) |
| 1BR | $1,130 | $1,400 | −$270 (-19.3%) |
| 1BR | $1,363 | $1,400 | −$37 (-2.7%) |
| 2BR | $1,346 | $1,698 | −$351 (-20.7%) |
| 2BR | $1,000 | $1,698 | −$697 (-41.1%) |
| 3BR | $1,750 | $2,300 | −$550 (-23.9%) |
| 3BR | $1,875 | $2,300 | −$425 (-18.5%) |
| 4BR | $2,300 | $2,548 | −$247 (-9.7%) |
| 4BR | $2,000 | $2,548 | −$547 (-21.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.