Monthly Rent Report
South Shore Rent Report — January 2023
Asking rents in ZIP 60649, Chicago, from 441 listings.
Median 1BR rent in South Shore was $995 in January 2023, up 4.7% (+$45) from December 2022 and unchanged year-over-year. The middle half of 1BR listings asked between $950 and $1,300. That puts South Shore $355 below the Chicago citywide 1BR median of $1,350. The month's figures are based on 441 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2022 | Vs. January 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $850 | $0 (0.0%) | +$50 (+6.3%) | $850 – $850 | 1 |
| Studio | $850 | $0 (0.0%) | +$50 (+6.3%) | $825 – $965 | 34 |
| 1BR | $995 | +$45 (+4.7%) | $0 (0.0%) | $950 – $1,300 | 127 |
| 1BR | $985 | +$35 (+3.7%) | −$10 (-1.0%) | $938 – $1,006 | 4 |
| 2BR | $1,200 | $0 (0.0%) | −$50 (-4.0%) | $1,100 – $1,335 | 170 |
| 2BR | $1,050 | −$150 (-12.5%) | −$200 (-16.0%) | $1,050 – $1,050 | 1 |
| 3BR | $1,450 | −$115 (-7.3%) | −$170 (-10.5%) | $1,400 – $1,575 | 85 |
| 3BR | $1,395 | −$170 (-10.9%) | −$225 (-13.9%) | $1,395 – $1,395 | 1 |
| 4BR | $1,900 | +$345 (+22.2%) | +$405 (+27.1%) | $1,475 – $1,900 | 13 |
| 4BR | $1,475 | −$80 (-5.1%) | −$20 (-1.3%) | $1,475 – $1,475 | 1 |
Median, P25, and P75 are asking rents from listings posted in January 2023. Changes compare against the nearest prior month with data.
South Shore vs. Chicago — January 2023
| Bedrooms | South Shore Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $850 | $1,061 | −$211 (-19.9%) |
| Studio | $850 | $1,061 | −$211 (-19.9%) |
| 1BR | $995 | $1,350 | −$355 (-26.3%) |
| 1BR | $985 | $1,350 | −$365 (-27.0%) |
| 2BR | $1,200 | $1,698 | −$497 (-29.3%) |
| 2BR | $1,050 | $1,698 | −$647 (-38.1%) |
| 3BR | $1,450 | $2,123 | −$672 (-31.7%) |
| 3BR | $1,395 | $2,123 | −$727 (-34.3%) |
| 4BR | $1,900 | $2,417 | −$516 (-21.4%) |
| 4BR | $1,475 | $2,417 | −$941 (-39.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2023.