Monthly Rent Report
South Shore Rent Report — October 2023
Asking rents in ZIP 60649, Chicago, from 59 listings.
Median 1BR rent in South Shore was $1,050 in October 2023, down 4.5% (−$50) from September 2023 and up 10.5% year-over-year. The middle half of 1BR listings asked between $988 and $1,050. That puts South Shore $425 below the Chicago citywide 1BR median of $1,475. The month's figures are based on 59 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $865 | −$85 (-8.9%) | +$90 (+11.6%) | $865 – $865 | 1 |
| Studio | $825 | −$125 (-13.2%) | +$50 (+6.5%) | $770 – $929 | 14 |
| 1BR | $1,050 | −$50 (-4.5%) | +$100 (+10.5%) | $988 – $1,050 | 7 |
| 1BR | $1,300 | +$200 (+18.2%) | +$350 (+36.8%) | $1,300 – $1,300 | 1 |
| 2BR | $1,335 | +$140 (+11.7%) | +$85 (+6.8%) | $1,335 – $1,335 | 1 |
| 2BR | $1,234 | +$39 (+3.3%) | −$16 (-1.3%) | $1,150 – $1,250 | 19 |
| 3BR | $1,900 | +$513 (+36.9%) | +$450 (+31.0%) | $1,900 – $1,900 | 3 |
| 3BR | $1,695 | +$308 (+22.2%) | +$245 (+16.9%) | $1,695 – $1,695 | 2 |
| 4BR | $1,650 | −$492 (-23.0%) | −$150 (-8.3%) | $1,650 – $1,650 | 4 |
| 4BR | $1,700 | −$442 (-20.6%) | −$100 (-5.6%) | $1,700 – $1,700 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
South Shore vs. Chicago — October 2023
| Bedrooms | South Shore Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $865 | $1,200 | −$335 (-27.9%) |
| Studio | $825 | $1,200 | −$375 (-31.3%) |
| 1BR | $1,050 | $1,475 | −$425 (-28.8%) |
| 1BR | $1,300 | $1,475 | −$175 (-11.9%) |
| 2BR | $1,335 | $1,800 | −$465 (-25.8%) |
| 2BR | $1,234 | $1,800 | −$566 (-31.4%) |
| 3BR | $1,900 | $2,450 | −$550 (-22.4%) |
| 3BR | $1,695 | $2,450 | −$755 (-30.8%) |
| 4BR | $1,650 | $2,575 | −$925 (-35.9%) |
| 4BR | $1,700 | $2,575 | −$875 (-34.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2023.