Monthly Rent Report
South Shore Rent Report — December 2022
Asking rents in ZIP 60649, Chicago, from 272 listings.
Median 1BR rent in South Shore was $950 in December 2022, down 2.6% (−$25) from November 2022 and up 5.6% year-over-year. The middle half of 1BR listings asked between $950 and $950. That puts South Shore $395 below the Chicago citywide 1BR median of $1,345. The month's figures are based on 272 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2022 | Vs. December 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $850 | $0 (0.0%) | +$35 (+4.3%) | $850 – $850 | 1 |
| Studio | $850 | $0 (0.0%) | +$35 (+4.3%) | $841 – $867 | 26 |
| 1BR | $950 | −$25 (-2.6%) | +$50 (+5.6%) | $950 – $950 | 5 |
| 1BR | $958 | −$17 (-1.8%) | +$58 (+6.4%) | $900 – $1,100 | 80 |
| 2BR | $1,200 | −$197 (-14.1%) | +$4 (+0.3%) | $1,100 – $1,250 | 86 |
| 2BR | $1,100 | −$297 (-21.3%) | −$96 (-8.0%) | $1,000 – $1,100 | 5 |
| 3BR | $1,500 | +$52 (+3.6%) | −$120 (-7.4%) | $1,500 – $1,500 | 1 |
| 3BR | $1,565 | +$117 (+8.0%) | −$55 (-3.4%) | $1,350 – $1,700 | 62 |
| 4BR | $1,800 | +$150 (+9.1%) | +$200 (+12.5%) | $1,800 – $1,800 | 2 |
| 4BR | $1,555 | −$95 (-5.8%) | −$45 (-2.8%) | $1,298 – $1,813 | 4 |
Median, P25, and P75 are asking rents from listings posted in December 2022. Changes compare against the nearest prior month with data.
South Shore vs. Chicago — December 2022
| Bedrooms | South Shore Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $850 | $1,050 | −$200 (-19.0%) |
| Studio | $850 | $1,050 | −$200 (-19.0%) |
| 1BR | $950 | $1,345 | −$395 (-29.4%) |
| 1BR | $958 | $1,345 | −$387 (-28.8%) |
| 2BR | $1,200 | $1,675 | −$475 (-28.4%) |
| 2BR | $1,100 | $1,675 | −$575 (-34.3%) |
| 3BR | $1,500 | $2,181 | −$681 (-31.2%) |
| 3BR | $1,565 | $2,181 | −$616 (-28.3%) |
| 4BR | $1,800 | $2,589 | −$789 (-30.5%) |
| 4BR | $1,555 | $2,589 | −$1,034 (-39.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2022.