Monthly Rent Report
South Shore Rent Report — December 2023
Asking rents in ZIP 60649, Chicago, from 100 listings.
Median 1BR rent in South Shore was $1,023 in December 2023, down 20.0% (−$256) from November 2023 and up 6.8% year-over-year. The middle half of 1BR listings asked between $959 and $1,075. That puts South Shore $433 below the Chicago citywide 1BR median of $1,455. The month's figures are based on 100 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,500 | +$1,038 (+70.9%) | +$1,650 (+194.1%) | $2,500 – $2,500 | 1 |
| Studio | $950 | −$512 (-35.0%) | +$100 (+11.8%) | $950 – $950 | 8 |
| 1BR | $1,023 | −$256 (-20.0%) | +$65 (+6.8%) | $959 – $1,075 | 4 |
| 1BR | $985 | −$293 (-23.0%) | +$28 (+2.9%) | $959 – $1,150 | 18 |
| 2BR | $1,482 | +$7 (+0.5%) | +$382 (+34.7%) | $1,366 – $1,598 | 2 |
| 2BR | $1,350 | −$125 (-8.5%) | +$250 (+22.7%) | $1,215 – $1,475 | 14 |
| 3BR | $1,650 | +$150 (+10.0%) | +$85 (+5.4%) | $1,650 – $1,650 | 1 |
| 3BR | $1,499 | −$1 (-0.1%) | −$66 (-4.2%) | $1,461 – $1,675 | 38 |
| 4BR | $2,212 | +$362 (+19.6%) | +$657 (+42.3%) | $1,688 – $2,718 | 4 |
| 4BR | $1,600 | −$250 (-13.5%) | +$45 (+2.9%) | $1,285 – $1,650 | 7 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
South Shore vs. Chicago — December 2023
| Bedrooms | South Shore Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,500 | $1,218 | +$1,283 (+105.3%) |
| Studio | $950 | $1,218 | −$267 (-22.0%) |
| 1BR | $1,023 | $1,455 | −$432 (-29.7%) |
| 1BR | $985 | $1,455 | −$470 (-32.3%) |
| 2BR | $1,482 | $1,800 | −$318 (-17.7%) |
| 2BR | $1,350 | $1,800 | −$450 (-25.0%) |
| 3BR | $1,650 | $2,472 | −$822 (-33.3%) |
| 3BR | $1,499 | $2,472 | −$973 (-39.4%) |
| 4BR | $2,212 | $2,630 | −$418 (-15.9%) |
| 4BR | $1,600 | $2,630 | −$1,030 (-39.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2023.