Monthly Rent Report
South Shore Rent Report — August 2022
Asking rents in ZIP 60649, Chicago, from 157 listings.
Median 1BR rent in South Shore was $1,123 in August 2022, flat versus July 2022 and up 36.1% year-over-year. The middle half of 1BR listings asked between $938 and $1,250. That puts South Shore $173 below the Chicago citywide 1BR median of $1,295. The month's figures are based on 157 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2022 | Vs. August 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,000 | +$225 (+29.0%) | +$230 (+29.9%) | $975 – $1,025 | 2 |
| Studio | $700 | −$75 (-9.7%) | −$70 (-9.1%) | $700 – $805 | 15 |
| 1BR | $1,123 | $0 (0.0%) | +$298 (+36.1%) | $938 – $1,250 | 8 |
| 1BR | $995 | −$127 (-11.4%) | +$170 (+20.6%) | $925 – $1,125 | 75 |
| 2BR | $1,295 | +$218 (+20.2%) | +$95 (+7.9%) | $1,264 – $1,325 | 2 |
| 2BR | $1,355 | +$278 (+25.8%) | +$155 (+12.9%) | $1,295 – $1,376 | 3 |
| 3BR | $1,661 | +$111 (+7.2%) | +$211 (+14.6%) | $1,661 – $1,661 | 1 |
| 3BR | $1,350 | −$200 (-12.9%) | −$100 (-6.9%) | $1,250 – $1,650 | 46 |
| 4BR | $1,974 | +$374 (+23.4%) | +$499 (+33.8%) | $1,974 – $1,974 | 1 |
| 4BR | $1,500 | −$100 (-6.3%) | +$25 (+1.7%) | $1,500 – $1,650 | 4 |
Median, P25, and P75 are asking rents from listings posted in August 2022. Changes compare against the nearest prior month with data.
South Shore vs. Chicago — August 2022
| Bedrooms | South Shore Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,000 | $1,095 | −$95 (-8.7%) |
| Studio | $700 | $1,095 | −$395 (-36.1%) |
| 1BR | $1,123 | $1,295 | −$172 (-13.3%) |
| 1BR | $995 | $1,295 | −$300 (-23.2%) |
| 2BR | $1,295 | $1,795 | −$500 (-27.9%) |
| 2BR | $1,355 | $1,795 | −$440 (-24.5%) |
| 3BR | $1,661 | $2,250 | −$589 (-26.2%) |
| 3BR | $1,350 | $2,250 | −$900 (-40.0%) |
| 4BR | $1,974 | $2,455 | −$481 (-19.6%) |
| 4BR | $1,500 | $2,455 | −$955 (-38.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2022.