Monthly Rent Report
South Shore Rent Report — January 2024
Asking rents in ZIP 60649, Chicago, from 272 listings.
Median 1BR rent in South Shore was $1,050 in January 2024, up 2.7% (+$28) from December 2023 and up 6.6% year-over-year. The middle half of 1BR listings asked between $900 and $1,200. That puts South Shore $467 below the Chicago citywide 1BR median of $1,517. The month's figures are based on 272 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $815 | −$1,685 (-67.4%) | −$35 (-4.1%) | $750 – $900 | 13 |
| Studio | $1,000 | −$1,500 (-60.0%) | +$150 (+17.6%) | $1,000 – $1,000 | 3 |
| 1BR | $1,050 | +$28 (+2.7%) | +$65 (+6.6%) | $900 – $1,200 | 73 |
| 1BR | $1,038 | +$15 (+1.5%) | +$53 (+5.3%) | $1,003 – $1,050 | 6 |
| 2BR | $1,300 | −$50 (-3.7%) | +$250 (+23.8%) | $1,200 – $1,500 | 96 |
| 2BR | $1,250 | −$100 (-7.4%) | +$200 (+19.0%) | $1,250 – $1,250 | 2 |
| 3BR | $1,661 | +$163 (+10.8%) | +$266 (+19.1%) | $1,450 – $1,813 | 59 |
| 3BR | $1,475 | −$23 (-1.6%) | +$80 (+5.7%) | $1,475 – $1,475 | 1 |
| 4BR | $1,350 | −$250 (-15.6%) | −$125 (-8.5%) | $1,350 – $1,350 | 1 |
| 4BR | $1,850 | +$250 (+15.6%) | +$375 (+25.4%) | $1,763 – $1,850 | 12 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
South Shore vs. Chicago — January 2024
| Bedrooms | South Shore Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $815 | $1,225 | −$410 (-33.5%) |
| Studio | $1,000 | $1,225 | −$225 (-18.4%) |
| 1BR | $1,050 | $1,517 | −$467 (-30.8%) |
| 1BR | $1,038 | $1,517 | −$479 (-31.6%) |
| 2BR | $1,300 | $1,800 | −$500 (-27.8%) |
| 2BR | $1,250 | $1,800 | −$550 (-30.6%) |
| 3BR | $1,661 | $2,300 | −$639 (-27.8%) |
| 3BR | $1,475 | $2,300 | −$825 (-35.9%) |
| 4BR | $1,350 | $2,792 | −$1,441 (-51.6%) |
| 4BR | $1,850 | $2,792 | −$941 (-33.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2024.