Monthly Rent Report
South Shore Rent Report — November 2023
Asking rents in ZIP 60649, Chicago, from 102 listings.
Median 1BR rent in South Shore was $950 in November 2023, down 26.9% (−$350) from October 2023 and up 1.3% year-over-year. The middle half of 1BR listings asked between $950 and $1,335. That puts South Shore $554 below the Chicago citywide 1BR median of $1,504. The month's figures are based on 102 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,463 | +$638 (+77.3%) | +$538 (+58.1%) | $1,094 – $1,831 | 2 |
| Studio | $1,100 | +$275 (+33.3%) | +$175 (+18.9%) | $1,100 – $1,100 | 2 |
| 1BR | $950 | −$350 (-26.9%) | +$13 (+1.3%) | $950 – $1,335 | 17 |
| 1BR | $1,279 | −$21 (-1.7%) | +$341 (+36.4%) | $1,164 – $1,393 | 2 |
| 2BR | $1,475 | +$140 (+10.5%) | +$325 (+28.3%) | $1,175 – $1,679 | 49 |
| 2BR | $900 | −$435 (-32.6%) | −$250 (-21.7%) | $900 – $900 | 1 |
| 3BR | $1,550 | −$350 (-18.4%) | +$102 (+7.0%) | $1,500 – $1,550 | 8 |
| 3BR | $1,500 | −$400 (-21.1%) | +$52 (+3.6%) | $1,413 – $1,500 | 3 |
| 4BR | $1,700 | $0 (0.0%) | +$50 (+3.0%) | $1,700 – $1,700 | 1 |
| 4BR | $1,850 | +$150 (+8.8%) | +$200 (+12.1%) | $1,850 – $1,850 | 6 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
South Shore vs. Chicago — November 2023
| Bedrooms | South Shore Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,463 | $1,160 | +$303 (+26.1%) |
| Studio | $1,100 | $1,160 | −$60 (-5.2%) |
| 1BR | $950 | $1,504 | −$553 (-36.8%) |
| 1BR | $1,279 | $1,504 | −$225 (-15.0%) |
| 2BR | $1,475 | $1,800 | −$325 (-18.1%) |
| 2BR | $900 | $1,800 | −$900 (-50.0%) |
| 3BR | $1,550 | $2,298 | −$747 (-32.5%) |
| 3BR | $1,500 | $2,298 | −$797 (-34.7%) |
| 4BR | $1,700 | $2,750 | −$1,050 (-38.2%) |
| 4BR | $1,850 | $2,750 | −$900 (-32.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2023.