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Zillow: Rents Unexpectedly High in Lincoln Park


Rents are up again in Lincoln Park, outpacing the tony Gold Coast and Streeterville, according to a new Zillow report. Lincoln Park residents are facing the highest median rents in the city, and that rent has increased over 90% in the last five years. Rent in the North Side's lakefront community went up 8% in the past year alone, with residents paying about $2,567 a month on average, DNAInfo reports. Meanwhile, rents in Streeterville, the Gold Coast, and the Loop were on the decline last year. Market watchers have noted that Lincoln Park has less housing inventory and newer developments than some other popular neighborhoods, making it particularly competitive for renters. [DNAinfo]