Monthly Rent Report
South Shore Rent Report — February 2023
Asking rents in ZIP 60649, Chicago, from 1,022 listings.
Median 1BR rent in South Shore was $925 in February 2023, down 7.0% (−$70) from January 2023 and up 12.1% year-over-year. The middle half of 1BR listings asked between $925 and $925. That puts South Shore $475 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 1,022 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $800 | −$50 (-5.9%) | +$150 (+23.1%) | $800 – $800 | 1 |
| Studio | $850 | $0 (0.0%) | +$200 (+30.8%) | $775 – $883 | 52 |
| 1BR | $925 | −$70 (-7.0%) | +$100 (+12.1%) | $925 – $925 | 1 |
| 1BR | $995 | $0 (0.0%) | +$170 (+20.6%) | $940 – $1,100 | 214 |
| 2BR | $1,200 | +$150 (+14.3%) | −$150 (-11.1%) | $1,100 – $1,343 | 471 |
| 2BR | $1,200 | +$150 (+14.3%) | −$150 (-11.1%) | $1,200 – $1,200 | 1 |
| 3BR | $1,500 | +$50 (+3.4%) | +$108 (+7.8%) | $1,350 – $1,600 | 229 |
| 3BR | $1,600 | +$150 (+10.3%) | +$208 (+14.9%) | $1,600 – $1,600 | 2 |
| 4BR | $1,400 | −$500 (-26.3%) | −$95 (-6.4%) | $1,400 – $1,400 | 1 |
| 4BR | $1,800 | −$100 (-5.3%) | +$305 (+20.4%) | $1,600 – $1,933 | 44 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
South Shore vs. Chicago — February 2023
| Bedrooms | South Shore Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $800 | $1,149 | −$349 (-30.4%) |
| Studio | $850 | $1,149 | −$299 (-26.0%) |
| 1BR | $925 | $1,400 | −$475 (-33.9%) |
| 1BR | $995 | $1,400 | −$405 (-28.9%) |
| 2BR | $1,200 | $1,695 | −$495 (-29.2%) |
| 2BR | $1,200 | $1,695 | −$495 (-29.2%) |
| 3BR | $1,500 | $2,188 | −$687 (-31.4%) |
| 3BR | $1,600 | $2,188 | −$587 (-26.9%) |
| 4BR | $1,400 | $2,393 | −$992 (-41.5%) |
| 4BR | $1,800 | $2,393 | −$592 (-24.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2023.