Monthly Rent Report
South Shore Rent Report — April 2024
Asking rents in ZIP 60649, Chicago, from 588 listings.
Median 1BR rent in South Shore was $1,050 in April 2024, down 8.7% (−$100) from March 2024 and unchanged year-over-year. The middle half of 1BR listings asked between $1,050 and $1,050. That puts South Shore $450 below the Chicago citywide 1BR median of $1,500. The month's figures are based on 588 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,000 | −$200 (-16.7%) | +$175 (+21.2%) | $1,000 – $1,000 | 1 |
| Studio | $853 | −$347 (-29.0%) | +$28 (+3.3%) | $774 – $963 | 48 |
| 1BR | $1,050 | −$100 (-8.7%) | $0 (0.0%) | $1,050 – $1,050 | 1 |
| 1BR | $1,095 | −$55 (-4.8%) | +$45 (+4.3%) | $1,073 – $1,293 | 3 |
| 2BR | $1,235 | +$3 (+0.2%) | +$85 (+7.4%) | $1,115 – $1,355 | 2 |
| 2BR | $1,250 | +$18 (+1.5%) | +$100 (+8.7%) | $1,100 – $1,473 | 296 |
| 3BR | $1,685 | +$85 (+5.3%) | +$210 (+14.2%) | $1,685 – $1,685 | 1 |
| 3BR | $1,550 | −$50 (-3.1%) | +$75 (+5.1%) | $1,395 – $1,800 | 213 |
| 4BR | $1,350 | −$200 (-12.9%) | −$226 (-14.3%) | $1,350 – $1,350 | 1 |
| 4BR | $1,900 | +$350 (+22.6%) | +$324 (+20.6%) | $1,780 – $1,933 | 16 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
South Shore vs. Chicago — April 2024
| Bedrooms | South Shore Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,000 | $1,222 | −$222 (-18.2%) |
| Studio | $853 | $1,222 | −$369 (-30.2%) |
| 1BR | $1,050 | $1,500 | −$450 (-30.0%) |
| 1BR | $1,095 | $1,500 | −$405 (-27.0%) |
| 2BR | $1,235 | $1,850 | −$615 (-33.2%) |
| 2BR | $1,250 | $1,850 | −$600 (-32.4%) |
| 3BR | $1,685 | $2,300 | −$615 (-26.7%) |
| 3BR | $1,550 | $2,300 | −$750 (-32.6%) |
| 4BR | $1,350 | $2,800 | −$1,450 (-51.8%) |
| 4BR | $1,900 | $2,800 | −$900 (-32.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2024.