Downtown rental listings fall again (plus what $1,800 will rent today)

Homes listed for rent in downtown Chicago, 2011

The number of downtown condos, townhomes, and single-families listed for rent through the MLS is down yet again. The 976 homes listed this morning is the lowest we’ve seen since we started keeping track in November 2009. Since the turn of the new year, inventory has dropped almost 12%. (The chart above shows our listing counts from the first week of January 2011 to present.)

The median price among the 173 listings posted in the past seven days is $1,800. Three units are listed at exactly that price:

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