Monthly Rent Report
South Shore Rent Report — July 2023
Asking rents in ZIP 60649, Chicago, from 281 listings.
Median 1BR rent in South Shore was $840 in July 2023, down 23.6% (−$260) from June 2023 and down 25.2% year-over-year. The middle half of 1BR listings asked between $840 and $840. That puts South Shore $610 below the Chicago citywide 1BR median of $1,450. The month's figures are based on 281 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $850 | +$25 (+3.0%) | +$75 (+9.7%) | $759 – $950 | 22 |
| Studio | $885 | +$60 (+7.3%) | +$110 (+14.2%) | $885 – $885 | 1 |
| 1BR | $840 | −$260 (-23.6%) | −$282 (-25.2%) | $840 – $840 | 1 |
| 1BR | $1,025 | −$75 (-6.8%) | −$97 (-8.7%) | $900 – $1,275 | 76 |
| 2BR | $1,200 | +$205 (+20.6%) | $0 (0.0%) | $1,075 – $1,335 | 124 |
| 2BR | $1,358 | +$363 (+36.4%) | +$158 (+13.1%) | $1,299 – $1,416 | 2 |
| 3BR | $1,355 | +$160 (+13.4%) | −$195 (-12.6%) | $1,355 – $1,355 | 1 |
| 3BR | $1,500 | +$305 (+25.5%) | −$50 (-3.2%) | $1,400 – $1,600 | 41 |
| 4BR | $1,600 | −$772 (-32.5%) | +$3 (+0.2%) | $1,550 – $1,850 | 9 |
| 4BR | $1,600 | −$772 (-32.5%) | +$3 (+0.2%) | $1,600 – $1,600 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
South Shore vs. Chicago — July 2023
| Bedrooms | South Shore Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $850 | $1,200 | −$350 (-29.2%) |
| Studio | $885 | $1,200 | −$315 (-26.3%) |
| 1BR | $840 | $1,450 | −$610 (-42.1%) |
| 1BR | $1,025 | $1,450 | −$425 (-29.3%) |
| 2BR | $1,200 | $1,795 | −$595 (-33.1%) |
| 2BR | $1,358 | $1,795 | −$437 (-24.4%) |
| 3BR | $1,355 | $2,273 | −$917 (-40.4%) |
| 3BR | $1,500 | $2,273 | −$772 (-34.0%) |
| 4BR | $1,600 | $2,709 | −$1,108 (-40.9%) |
| 4BR | $1,600 | $2,709 | −$1,108 (-40.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2023.