Monthly Rent Report
South Shore Rent Report — July 2024
Asking rents in ZIP 60649, Chicago, from 302 listings.
Median 1BR rent in South Shore was $1,023 in July 2024, down 4.9% (−$52) from June 2024 and down 0.2% year-over-year. The middle half of 1BR listings asked between $990 and $1,061. That puts South Shore $538 below the Chicago citywide 1BR median of $1,560. The month's figures are based on 302 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $875 | −$125 (-12.5%) | −$10 (-1.1%) | $725 – $969 | 47 |
| Studio | $900 | −$100 (-10.0%) | +$15 (+1.7%) | $900 – $900 | 2 |
| 1BR | $1,023 | −$52 (-4.9%) | −$2 (-0.2%) | $990 – $1,061 | 4 |
| 1BR | $1,095 | +$20 (+1.9%) | +$70 (+6.8%) | $888 – $1,250 | 111 |
| 2BR | $1,195 | −$455 (-27.6%) | −$162 (-12.0%) | $1,095 – $1,273 | 3 |
| 2BR | $1,300 | −$350 (-21.2%) | −$57 (-4.2%) | $1,048 – $1,475 | 123 |
| 3BR | $2,700 | +$801 (+42.2%) | +$1,200 (+80.0%) | $2,700 – $2,700 | 3 |
| 3BR | $1,600 | −$299 (-15.7%) | +$100 (+6.7%) | $1,600 – $1,600 | 1 |
| 4BR | $1,675 | −$258 (-13.3%) | +$75 (+4.7%) | $1,525 – $1,788 | 6 |
| 4BR | $2,133 | +$200 (+10.3%) | +$533 (+33.3%) | $2,133 – $2,133 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
South Shore vs. Chicago — July 2024
| Bedrooms | South Shore Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $875 | $1,218 | −$343 (-28.2%) |
| Studio | $900 | $1,218 | −$318 (-26.1%) |
| 1BR | $1,023 | $1,560 | −$537 (-34.5%) |
| 1BR | $1,095 | $1,560 | −$465 (-29.8%) |
| 2BR | $1,195 | $1,805 | −$610 (-33.8%) |
| 2BR | $1,300 | $1,805 | −$505 (-28.0%) |
| 3BR | $2,700 | $2,363 | +$338 (+14.3%) |
| 3BR | $1,600 | $2,363 | −$762 (-32.3%) |
| 4BR | $1,675 | $2,789 | −$1,114 (-39.9%) |
| 4BR | $2,133 | $2,789 | −$656 (-23.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2024.