Monthly Rent Report
South Shore Rent Report — May 2024
Asking rents in ZIP 60649, Chicago, from 685 listings.
Median 1BR rent in South Shore was $1,073 in May 2024, down 2.1% (−$22) from April 2024 and up 12.9% year-over-year. The middle half of 1BR listings asked between $994 and $1,095. That puts South Shore $430 below the Chicago citywide 1BR median of $1,503. The month's figures are based on 685 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $850 | −$150 (-15.0%) | $0 (0.0%) | $765 – $1,027 | 105 |
| Studio | $925 | −$75 (-7.5%) | +$75 (+8.8%) | $925 – $925 | 1 |
| 1BR | $1,073 | −$22 (-2.1%) | +$123 (+12.9%) | $994 – $1,095 | 6 |
| 1BR | $1,050 | −$45 (-4.1%) | +$100 (+10.5%) | $950 – $1,300 | 202 |
| 2BR | $1,250 | +$15 (+1.2%) | −$500 (-28.6%) | $1,100 – $1,400 | 335 |
| 2BR | $1,250 | +$15 (+1.2%) | −$500 (-28.6%) | $1,250 – $1,250 | 1 |
| 3BR | $1,325 | −$360 (-21.4%) | −$172 (-11.5%) | $1,325 – $1,325 | 1 |
| 3BR | $1,150 | −$535 (-31.8%) | −$347 (-23.2%) | $1,150 – $1,150 | 1 |
| 4BR | $1,850 | +$500 (+37.0%) | +$10 (+0.5%) | $1,600 – $1,933 | 25 |
| 4BR | $1,867 | +$517 (+38.3%) | +$27 (+1.4%) | $1,833 – $1,900 | 2 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
South Shore vs. Chicago — May 2024
| Bedrooms | South Shore Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $850 | $1,196 | −$346 (-28.9%) |
| Studio | $925 | $1,196 | −$271 (-22.7%) |
| 1BR | $1,073 | $1,503 | −$430 (-28.6%) |
| 1BR | $1,050 | $1,503 | −$452 (-30.1%) |
| 2BR | $1,250 | $1,825 | −$575 (-31.5%) |
| 2BR | $1,250 | $1,825 | −$575 (-31.5%) |
| 3BR | $1,325 | $2,236 | −$911 (-40.7%) |
| 3BR | $1,150 | $2,236 | −$1,086 (-48.6%) |
| 4BR | $1,850 | $2,725 | −$875 (-32.1%) |
| 4BR | $1,867 | $2,725 | −$858 (-31.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.