Monthly Rent Report
South Shore Rent Report — May 2022
Asking rents in ZIP 60649, Chicago, from 27 listings.
Median 1BR rent in South Shore was $873 in May 2022, flat versus April 2022 and down 4.1% year-over-year. The middle half of 1BR listings asked between $850 and $936. That puts South Shore $425 below the Chicago citywide 1BR median of $1,298. The month's figures are based on 27 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2022 | Vs. May 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $700 | −$175 (-20.0%) | −$135 (-16.2%) | $700 – $700 | 1 |
| Studio | $966 | +$91 (+10.3%) | +$131 (+15.6%) | $878 – $1,036 | 4 |
| 1BR | $873 | $0 (0.0%) | −$37 (-4.1%) | $850 – $936 | 6 |
| 1BR | $975 | +$103 (+11.7%) | +$65 (+7.1%) | $975 – $975 | 1 |
| 2BR | $1,200 | −$183 (-13.3%) | +$150 (+14.3%) | $1,200 – $1,200 | 1 |
| 2BR | $1,200 | −$183 (-13.3%) | +$150 (+14.3%) | $1,098 – $1,200 | 7 |
| 3BR | $1,325 | −$275 (-17.2%) | +$75 (+6.0%) | $1,238 – $1,413 | 2 |
| 3BR | $1,497 | −$103 (-6.5%) | +$247 (+19.7%) | $1,445 – $1,548 | 2 |
| 4BR | $1,100 | −$250 (-18.5%) | −$195 (-15.1%) | $1,100 – $1,100 | 1 |
| 4BR | $1,967 | +$617 (+45.7%) | +$672 (+51.9%) | $1,950 – $1,983 | 2 |
Median, P25, and P75 are asking rents from listings posted in May 2022. Changes compare against the nearest prior month with data.
South Shore vs. Chicago — May 2022
| Bedrooms | South Shore Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $700 | $1,050 | −$350 (-33.3%) |
| Studio | $966 | $1,050 | −$84 (-8.0%) |
| 1BR | $873 | $1,298 | −$425 (-32.8%) |
| 1BR | $975 | $1,298 | −$322 (-24.9%) |
| 2BR | $1,200 | $1,599 | −$399 (-24.9%) |
| 2BR | $1,200 | $1,599 | −$399 (-24.9%) |
| 3BR | $1,325 | $2,100 | −$775 (-36.9%) |
| 3BR | $1,497 | $2,100 | −$603 (-28.7%) |
| 4BR | $1,100 | $2,600 | −$1,500 (-57.7%) |
| 4BR | $1,967 | $2,600 | −$633 (-24.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2022.