Monthly Rent Report
South Shore Rent Report — February 2024
Asking rents in ZIP 60649, Chicago, from 871 listings.
Median 1BR rent in South Shore was $950 in February 2024, down 9.5% (−$100) from January 2024 and down 4.5% year-over-year. The middle half of 1BR listings asked between $895 and $995. That puts South Shore $550 below the Chicago citywide 1BR median of $1,500. The month's figures are based on 871 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $840 | +$25 (+3.1%) | +$40 (+5.0%) | $795 – $950 | 69 |
| Studio | $850 | +$35 (+4.3%) | +$50 (+6.3%) | $850 – $850 | 1 |
| 1BR | $950 | −$100 (-9.5%) | −$45 (-4.5%) | $895 – $995 | 5 |
| 1BR | $1,000 | −$50 (-4.8%) | +$5 (+0.5%) | $865 – $1,125 | 229 |
| 2BR | $1,263 | −$37 (-2.9%) | +$63 (+5.2%) | $1,256 – $1,269 | 2 |
| 2BR | $1,234 | −$66 (-5.1%) | +$34 (+2.8%) | $1,050 – $1,350 | 328 |
| 3BR | $1,500 | +$25 (+1.7%) | $0 (0.0%) | $1,355 – $1,679 | 174 |
| 3BR | $1,295 | −$180 (-12.2%) | −$205 (-13.7%) | $1,295 – $1,295 | 1 |
| 4BR | $1,850 | +$500 (+37.0%) | +$450 (+32.1%) | $1,800 – $1,933 | 13 |
| 4BR | $1,850 | +$500 (+37.0%) | +$450 (+32.1%) | $1,650 – $1,889 | 37 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
South Shore vs. Chicago — February 2024
| Bedrooms | South Shore Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $840 | $1,211 | −$371 (-30.7%) |
| Studio | $850 | $1,211 | −$361 (-29.8%) |
| 1BR | $950 | $1,500 | −$550 (-36.7%) |
| 1BR | $1,000 | $1,500 | −$500 (-33.3%) |
| 2BR | $1,263 | $1,813 | −$550 (-30.3%) |
| 2BR | $1,234 | $1,813 | −$578 (-31.9%) |
| 3BR | $1,500 | $2,300 | −$800 (-34.8%) |
| 3BR | $1,295 | $2,300 | −$1,005 (-43.7%) |
| 4BR | $1,850 | $2,792 | −$941 (-33.7%) |
| 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 February 2024.