Monthly Rent Report
South Shore Rent Report — August 2024
Asking rents in ZIP 60649, Chicago, from 15 listings.
Median 1BR rent in South Shore was $1,063 in August 2024, up 3.9% (+$40) from July 2024 and up 28.0% year-over-year. The middle half of 1BR listings asked between $1,056 and $1,069. That puts South Shore $476 below the Chicago citywide 1BR median of $1,538. The month's figures are based on 15 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,000 | +$125 (+14.3%) | −$1,200 (-54.5%) | $1,000 – $1,000 | 1 |
| Studio | $1,125 | +$250 (+28.6%) | −$1,075 (-48.9%) | $1,063 – $1,188 | 2 |
| 1BR | $1,063 | +$40 (+3.9%) | +$233 (+28.0%) | $1,056 – $1,069 | 2 |
| 1BR | $1,300 | +$278 (+27.1%) | +$470 (+56.6%) | $1,300 – $1,300 | 1 |
| 2BR | $1,200 | +$5 (+0.4%) | −$135 (-10.1%) | $1,200 – $1,200 | 1 |
| 3BR | $2,133 | +$533 (+33.3%) | +$233 (+12.3%) | $2,133 – $2,133 | 1 |
| 4BR | $1,700 | −$433 (-20.3%) | −$924 (-35.2%) | $1,700 – $1,700 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
South Shore vs. Chicago — August 2024
| Bedrooms | South Shore Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,000 | $1,190 | −$190 (-16.0%) |
| Studio | $1,125 | $1,190 | −$65 (-5.5%) |
| 1BR | $1,063 | $1,538 | −$475 (-30.9%) |
| 1BR | $1,300 | $1,538 | −$238 (-15.5%) |
| 2BR | $1,200 | $1,823 | −$622 (-34.2%) |
| 3BR | $2,133 | $2,300 | −$167 (-7.3%) |
| 4BR | $1,700 | $2,995 | −$1,295 (-43.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2024.