Monthly Rent Report
South Shore Rent Report — June 2024
Asking rents in ZIP 60649, Chicago, from 396 listings.
Median 1BR rent in South Shore was $1,000 in June 2024, down 6.8% (−$72) from May 2024 and down 9.1% year-over-year. The middle half of 1BR listings asked between $1,000 and $1,000. That puts South Shore $499 below the Chicago citywide 1BR median of $1,499. The month's figures are based on 396 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,000 | +$75 (+8.1%) | +$100 (+11.1%) | $950 – $1,000 | 3 |
| Studio | $900 | −$25 (-2.7%) | $0 (0.0%) | $730 – $1,000 | 128 |
| 1BR | $1,000 | −$72 (-6.8%) | −$100 (-9.1%) | $1,000 – $1,000 | 5 |
| 1BR | $1,075 | +$3 (+0.2%) | −$25 (-2.3%) | $1,063 – $1,291 | 3 |
| 2BR | $1,195 | −$55 (-4.4%) | −$55 (-4.4%) | $1,095 – $1,290 | 3 |
| 2BR | $1,650 | +$400 (+32.0%) | +$400 (+32.0%) | $1,650 – $1,650 | 1 |
| 3BR | $1,650 | +$500 (+43.5%) | +$150 (+10.0%) | $1,450 – $1,900 | 206 |
| 3BR | $1,899 | +$749 (+65.1%) | +$399 (+26.6%) | $1,899 – $1,899 | 1 |
| 4BR | $1,750 | −$116 (-6.2%) | −$622 (-26.2%) | $1,650 – $1,888 | 34 |
| 4BR | $1,933 | +$67 (+3.6%) | −$439 (-18.5%) | $1,908 – $2,396 | 6 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
South Shore vs. Chicago — June 2024
| Bedrooms | South Shore Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,000 | $1,149 | −$149 (-13.0%) |
| Studio | $900 | $1,149 | −$249 (-21.7%) |
| 1BR | $1,000 | $1,499 | −$499 (-33.3%) |
| 1BR | $1,075 | $1,499 | −$424 (-28.3%) |
| 2BR | $1,195 | $1,899 | −$704 (-37.1%) |
| 2BR | $1,650 | $1,899 | −$249 (-13.1%) |
| 3BR | $1,650 | $2,395 | −$745 (-31.1%) |
| 3BR | $1,899 | $2,395 | −$496 (-20.7%) |
| 4BR | $1,750 | $2,698 | −$947 (-35.1%) |
| 4BR | $1,933 | $2,698 | −$764 (-28.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2024.