Monthly Rent Report
South Shore Rent Report — March 2024
Asking rents in ZIP 60649, Chicago, from 382 listings.
Median 1BR rent in South Shore was $1,050 in March 2024, up 10.5% (+$100) from February 2024 and up 7.7% year-over-year. The middle half of 1BR listings asked between $1,050 and $1,050. That puts South Shore $455 below the Chicago citywide 1BR median of $1,505. The month's figures are based on 382 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,200 | +$360 (+42.9%) | +$278 (+30.1%) | $1,150 – $1,200 | 7 |
| Studio | $835 | −$5 (-0.6%) | −$87 (-9.5%) | $788 – $950 | 50 |
| 1BR | $1,050 | +$100 (+10.5%) | +$75 (+7.7%) | $1,050 – $1,050 | 7 |
| 1BR | $1,150 | +$200 (+21.1%) | +$175 (+17.9%) | $1,020 – $1,300 | 14 |
| 2BR | $1,350 | +$116 (+9.4%) | +$205 (+17.9%) | $1,350 – $1,350 | 1 |
| 2BR | $1,232 | −$2 (-0.2%) | +$87 (+7.6%) | $1,000 – $1,475 | 198 |
| 3BR | $1,600 | +$100 (+6.7%) | +$150 (+10.3%) | $1,450 – $1,800 | 87 |
| 3BR | $1,350 | −$150 (-10.0%) | −$100 (-6.9%) | $1,350 – $1,350 | 6 |
| 4BR | $1,700 | −$150 (-8.1%) | $0 (0.0%) | $1,350 – $2,172 | 5 |
| 4BR | $1,550 | −$300 (-16.2%) | −$150 (-8.8%) | $1,550 – $1,550 | 2 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
South Shore vs. Chicago — March 2024
| Bedrooms | South Shore Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,200 | $1,225 | −$25 (-2.0%) |
| Studio | $835 | $1,225 | −$390 (-31.8%) |
| 1BR | $1,050 | $1,505 | −$454 (-30.2%) |
| 1BR | $1,150 | $1,505 | −$354 (-23.6%) |
| 2BR | $1,350 | $1,900 | −$550 (-28.9%) |
| 2BR | $1,232 | $1,900 | −$668 (-35.2%) |
| 3BR | $1,600 | $2,250 | −$650 (-28.9%) |
| 3BR | $1,350 | $2,250 | −$900 (-40.0%) |
| 4BR | $1,700 | $2,650 | −$950 (-35.8%) |
| 4BR | $1,550 | $2,650 | −$1,100 (-41.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2024.