Monthly Rent Report
South Shore Rent Report — November 2022
Asking rents in ZIP 60649, Chicago, from 147 listings.
Median 1BR rent in South Shore was $975 in November 2022, down 18.8% (−$225) from October 2022 and up 0.5% year-over-year. The middle half of 1BR listings asked between $950 and $995. That puts South Shore $425 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 147 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2022 | Vs. November 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $850 | +$75 (+9.7%) | +$100 (+13.3%) | $750 – $850 | 28 |
| Studio | $925 | +$150 (+19.4%) | +$175 (+23.3%) | $925 – $925 | 1 |
| 1BR | $975 | −$225 (-18.8%) | +$5 (+0.5%) | $950 – $995 | 20 |
| 1BR | $938 | −$262 (-21.9%) | −$32 (-3.4%) | $913 – $961 | 4 |
| 2BR | $1,397 | +$250 (+21.7%) | +$225 (+19.1%) | $1,225 – $1,400 | 57 |
| 2BR | $1,150 | +$3 (+0.2%) | −$22 (-1.9%) | $1,150 – $1,150 | 1 |
| 3BR | $1,525 | +$75 (+5.2%) | +$225 (+17.3%) | $1,425 – $1,625 | 4 |
| 3BR | $1,449 | −$1 (-0.1%) | +$149 (+11.4%) | $1,400 – $1,500 | 18 |
| 4BR | $1,675 | −$125 (-6.9%) | +$75 (+4.7%) | $1,675 – $1,675 | 1 |
| 4BR | $1,650 | −$150 (-8.3%) | +$50 (+3.1%) | $1,575 – $1,700 | 8 |
Median, P25, and P75 are asking rents from listings posted in November 2022. Changes compare against the nearest prior month with data.
South Shore vs. Chicago — November 2022
| Bedrooms | South Shore Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $850 | $1,120 | −$270 (-24.1%) |
| Studio | $925 | $1,120 | −$195 (-17.4%) |
| 1BR | $975 | $1,400 | −$425 (-30.4%) |
| 1BR | $938 | $1,400 | −$462 (-33.0%) |
| 2BR | $1,397 | $1,700 | −$303 (-17.8%) |
| 2BR | $1,150 | $1,700 | −$550 (-32.4%) |
| 3BR | $1,525 | $2,100 | −$575 (-27.4%) |
| 3BR | $1,449 | $2,100 | −$651 (-31.0%) |
| 4BR | $1,675 | $2,500 | −$825 (-33.0%) |
| 4BR | $1,650 | $2,500 | −$850 (-34.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2022.