Monthly Rent Report
Woodlawn Rent Report — August 2023
Asking rents in ZIP 60637, Chicago, from 82 listings.
Median 1BR rent in Woodlawn was $1,750 in August 2023, up 20.7% (+$300) from July 2023 and up 17.1% year-over-year. The middle half of 1BR listings asked between $1,022 and $2,198. That puts Woodlawn $230 above the Chicago citywide 1BR median of $1,520. The month's figures are based on 82 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,350 | +$575 (+74.2%) | +$725 (+116.0%) | $1,350 – $1,350 | 1 |
| Studio | $888 | +$113 (+14.5%) | +$263 (+42.0%) | $744 – $1,321 | 8 |
| 1BR | $1,750 | +$300 (+20.7%) | +$255 (+17.1%) | $1,022 – $2,198 | 27 |
| 1BR | $835 | −$615 (-42.4%) | −$660 (-44.1%) | $835 – $835 | 1 |
| 2BR | $1,125 | −$170 (-13.1%) | −$1,075 (-48.9%) | $1,125 – $1,125 | 1 |
| 2BR | $950 | −$345 (-26.6%) | −$1,250 (-56.8%) | $950 – $1,963 | 14 |
| 3BR | $2,275 | +$614 (+37.0%) | +$625 (+37.9%) | $1,325 – $2,275 | 19 |
| 3BR | $2,000 | +$339 (+20.4%) | +$350 (+21.2%) | $1,800 – $2,200 | 2 |
| 4BR | $1,503 | −$427 (-22.1%) | −$492 (-24.7%) | $1,503 – $1,503 | 1 |
| 4BR | $2,350 | +$420 (+21.8%) | +$355 (+17.8%) | $2,350 – $2,350 | 3 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Woodlawn vs. Chicago — August 2023
| Bedrooms | Woodlawn Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,350 | $1,250 | +$100 (+8.0%) |
| Studio | $888 | $1,250 | −$362 (-29.0%) |
| 1BR | $1,750 | $1,520 | +$230 (+15.1%) |
| 1BR | $835 | $1,520 | −$685 (-45.1%) |
| 2BR | $1,125 | $1,808 | −$682 (-37.8%) |
| 2BR | $950 | $1,808 | −$857 (-47.4%) |
| 3BR | $2,275 | $2,395 | −$120 (-5.0%) |
| 3BR | $2,000 | $2,395 | −$395 (-16.5%) |
| 4BR | $1,503 | $2,692 | −$1,189 (-44.2%) |
| 4BR | $2,350 | $2,692 | −$342 (-12.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.