Monthly Rent Report
South Shore Rent Report — April 2023
Asking rents in ZIP 60649, Chicago, from 955 listings.
Median 1BR rent in South Shore was $950 in April 2023, down 2.6% (−$25) from March 2023 and up 7.3% year-over-year. The middle half of 1BR listings asked between $881 and $1,050. That puts South Shore $475 below the Chicago citywide 1BR median of $1,425. The month's figures are based on 955 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $860 | −$62 (-6.8%) | −$15 (-1.7%) | $843 – $878 | 2 |
| Studio | $825 | −$97 (-10.6%) | −$50 (-5.7%) | $780 – $900 | 90 |
| 1BR | $950 | −$25 (-2.6%) | +$65 (+7.3%) | $881 – $1,050 | 238 |
| 1BR | $1,050 | +$75 (+7.7%) | +$165 (+18.6%) | $942 – $1,125 | 3 |
| 2BR | $1,232 | +$87 (+7.6%) | −$151 (-11.0%) | $1,100 – $1,335 | 400 |
| 2BR | $1,150 | +$5 (+0.4%) | −$233 (-16.9%) | $1,148 – $1,243 | 3 |
| 3BR | $1,600 | +$150 (+10.3%) | $0 (0.0%) | $1,600 – $1,600 | 1 |
| 3BR | $1,475 | +$25 (+1.7%) | −$125 (-7.8%) | $1,250 – $1,600 | 184 |
| 4BR | $1,576 | −$24 (-1.5%) | +$226 (+16.7%) | $1,550 – $1,600 | 13 |
| 4BR | $1,576 | −$24 (-1.5%) | +$226 (+16.7%) | $1,550 – $1,600 | 13 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
South Shore vs. Chicago — April 2023
| Bedrooms | South Shore Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $860 | $1,195 | −$335 (-28.0%) |
| Studio | $825 | $1,195 | −$370 (-31.0%) |
| 1BR | $950 | $1,425 | −$475 (-33.3%) |
| 1BR | $1,050 | $1,425 | −$375 (-26.3%) |
| 2BR | $1,232 | $1,725 | −$493 (-28.6%) |
| 2BR | $1,150 | $1,725 | −$575 (-33.3%) |
| 3BR | $1,600 | $2,300 | −$700 (-30.4%) |
| 3BR | $1,475 | $2,300 | −$825 (-35.9%) |
| 4BR | $1,576 | $2,597 | −$1,021 (-39.3%) |
| 4BR | $1,576 | $2,597 | −$1,021 (-39.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2023.