Monthly Rent Report
South Shore Rent Report — June 2023
Asking rents in ZIP 60649, Chicago, from 549 listings.
Median 1BR rent in South Shore was $965 in June 2023, up 1.6% (+$15) from May 2023 and up 30.4% year-over-year. The middle half of 1BR listings asked between $854 and $1,100. That puts South Shore $435 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 549 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $825 | −$25 (-2.9%) | +$75 (+10.0%) | $825 – $825 | 1 |
| Studio | $900 | +$50 (+5.9%) | +$150 (+20.0%) | $800 – $950 | 47 |
| 1BR | $965 | +$15 (+1.6%) | +$225 (+30.4%) | $854 – $1,100 | 146 |
| 1BR | $1,100 | +$150 (+15.8%) | +$360 (+48.6%) | $1,013 – $1,100 | 3 |
| 2BR | $995 | −$755 (-43.1%) | −$105 (-9.5%) | $855 – $1,175 | 3 |
| 2BR | $1,250 | −$500 (-28.6%) | +$150 (+13.6%) | $1,100 – $1,397 | 238 |
| 3BR | $1,500 | +$3 (+0.2%) | −$50 (-3.2%) | $1,400 – $1,650 | 92 |
| 3BR | $1,195 | −$302 (-20.2%) | −$355 (-22.9%) | $1,195 – $1,195 | 1 |
| 4BR | $1,600 | −$240 (-13.0%) | +$105 (+7.0%) | $1,576 – $1,825 | 14 |
| 4BR | $2,372 | +$532 (+28.9%) | +$877 (+58.7%) | $2,372 – $2,372 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
South Shore vs. Chicago — June 2023
| Bedrooms | South Shore Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $825 | $1,243 | −$417 (-33.6%) |
| Studio | $900 | $1,243 | −$342 (-27.6%) |
| 1BR | $965 | $1,400 | −$435 (-31.1%) |
| 1BR | $1,100 | $1,400 | −$300 (-21.4%) |
| 2BR | $995 | $1,700 | −$705 (-41.5%) |
| 2BR | $1,250 | $1,700 | −$450 (-26.5%) |
| 3BR | $1,500 | $2,275 | −$775 (-34.1%) |
| 3BR | $1,195 | $2,275 | −$1,080 (-47.5%) |
| 4BR | $1,600 | $2,500 | −$900 (-36.0%) |
| 4BR | $2,372 | $2,500 | −$128 (-5.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2023.