Monthly Rent Report
South Shore Rent Report — March 2023
Asking rents in ZIP 60649, Chicago, from 940 listings.
Median 1BR rent in South Shore was $1,035 in March 2023, up 11.9% (+$110) from February 2023 and up 8.9% year-over-year. The middle half of 1BR listings asked between $1,028 and $1,043. That puts South Shore $361 below the Chicago citywide 1BR median of $1,396. The month's figures are based on 940 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $850 | $0 (0.0%) | +$50 (+6.3%) | $795 – $928 | 67 |
| Studio | $923 | +$73 (+8.5%) | +$123 (+15.3%) | $909 – $936 | 2 |
| 1BR | $1,035 | +$110 (+11.9%) | +$85 (+8.9%) | $1,028 – $1,043 | 2 |
| 1BR | $975 | +$50 (+5.4%) | +$25 (+2.6%) | $900 – $1,174 | 296 |
| 2BR | $1,248 | +$48 (+4.0%) | +$148 (+13.5%) | $1,100 – $1,335 | 385 |
| 2BR | $1,145 | −$55 (-4.6%) | +$45 (+4.1%) | $1,050 – $1,240 | 2 |
| 3BR | $1,260 | −$240 (-16.0%) | −$401 (-24.1%) | $1,200 – $1,530 | 6 |
| 3BR | $1,450 | −$50 (-3.3%) | −$211 (-12.7%) | $1,350 – $1,550 | 148 |
| 4BR | $1,600 | −$200 (-11.1%) | +$200 (+14.3%) | $1,550 – $1,750 | 27 |
| 4BR | $1,700 | −$100 (-5.6%) | +$300 (+21.4%) | $1,700 – $1,700 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
South Shore vs. Chicago — March 2023
| Bedrooms | South Shore Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $850 | $1,204 | −$354 (-29.4%) |
| Studio | $923 | $1,204 | −$281 (-23.4%) |
| 1BR | $1,035 | $1,396 | −$361 (-25.9%) |
| 1BR | $975 | $1,396 | −$421 (-30.2%) |
| 2BR | $1,248 | $1,698 | −$449 (-26.5%) |
| 2BR | $1,145 | $1,698 | −$552 (-32.5%) |
| 3BR | $1,260 | $2,200 | −$940 (-42.7%) |
| 3BR | $1,450 | $2,200 | −$750 (-34.1%) |
| 4BR | $1,600 | $2,444 | −$844 (-34.5%) |
| 4BR | $1,700 | $2,444 | −$744 (-30.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2023.