Monthly Rent Report
South Shore Rent Report — September 2023
Asking rents in ZIP 60649, Chicago, from 53 listings.
Median 1BR rent in South Shore was $1,100 in September 2023, up 32.5% (+$270) from August 2023 and up 17.6% year-over-year. The middle half of 1BR listings asked between $1,000 and $1,335. That puts South Shore $350 below the Chicago citywide 1BR median of $1,450. The month's figures are based on 53 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $950 | −$750 (-44.1%) | +$183 (+23.9%) | $950 – $950 | 1 |
| Studio | $900 | −$800 (-47.1%) | +$133 (+17.3%) | $754 – $969 | 12 |
| 1BR | $1,100 | +$270 (+32.5%) | +$165 (+17.6%) | $1,000 – $1,335 | 13 |
| 1BR | $973 | +$143 (+17.2%) | +$38 (+4.0%) | $961 – $984 | 2 |
| 2BR | $1,100 | −$95 (-7.9%) | +$50 (+4.8%) | $1,100 – $1,335 | 11 |
| 2BR | $1,195 | $0 (0.0%) | +$145 (+13.8%) | $1,195 – $1,195 | 2 |
| 3BR | $1,388 | −$412 (-22.9%) | +$163 (+13.3%) | $1,319 – $1,456 | 2 |
| 3BR | $1,700 | −$100 (-5.6%) | +$475 (+38.8%) | $1,700 – $1,700 | 1 |
| 4BR | $1,600 | −$400 (-20.0%) | −$200 (-11.1%) | $1,600 – $1,600 | 8 |
| 4BR | $2,142 | +$142 (+7.1%) | +$342 (+19.0%) | $2,142 – $2,142 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
South Shore vs. Chicago — September 2023
| Bedrooms | South Shore Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $950 | $1,238 | −$287 (-23.2%) |
| Studio | $900 | $1,238 | −$337 (-27.3%) |
| 1BR | $1,100 | $1,450 | −$350 (-24.1%) |
| 1BR | $973 | $1,450 | −$477 (-32.9%) |
| 2BR | $1,100 | $1,738 | −$637 (-36.7%) |
| 2BR | $1,195 | $1,738 | −$542 (-31.2%) |
| 3BR | $1,388 | $2,327 | −$939 (-40.4%) |
| 3BR | $1,700 | $2,327 | −$627 (-26.9%) |
| 4BR | $1,600 | $2,783 | −$1,183 (-42.5%) |
| 4BR | $2,142 | $2,783 | −$641 (-23.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2023.