Monthly Rent Report
South Shore Rent Report — October 2024
Asking rents in ZIP 60649, Chicago, from 90 listings.
Median 1BR rent in South Shore was $1,288 in October 2024, down 11.2% (−$162) from September 2024 and down 1.0% year-over-year. The middle half of 1BR listings asked between $1,200 and $1,458. That puts South Shore $149 below the Chicago citywide 1BR median of $1,437. The month's figures are based on 90 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,300 | −$386 (-22.9%) | +$475 (+57.6%) | $1,088 – $1,325 | 3 |
| Studio | $710 | −$976 (-57.9%) | −$115 (-13.9%) | $710 – $1,200 | 12 |
| 1BR | $1,288 | −$162 (-11.2%) | −$12 (-1.0%) | $1,200 – $1,458 | 10 |
| 1BR | $1,075 | −$375 (-25.9%) | −$225 (-17.3%) | $1,050 – $1,085 | 7 |
| 2BR | $1,219 | +$119 (+10.8%) | −$15 (-1.2%) | $913 – $1,599 | 22 |
| 2BR | $1,500 | +$400 (+36.4%) | +$266 (+21.6%) | $1,331 – $1,640 | 6 |
| 3BR | $1,800 | $0 (0.0%) | +$105 (+6.2%) | $1,550 – $1,800 | 27 |
| 3BR | $1,250 | −$550 (-30.6%) | −$445 (-26.3%) | $1,250 – $1,250 | 1 |
| 4BR | $2,000 | +$750 (+60.0%) | +$300 (+17.6%) | $2,000 – $2,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
South Shore vs. Chicago — October 2024
| Bedrooms | South Shore Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,300 | $1,298 | +$3 (+0.2%) |
| Studio | $710 | $1,298 | −$587 (-45.3%) |
| 1BR | $1,288 | $1,437 | −$149 (-10.4%) |
| 1BR | $1,075 | $1,437 | −$361 (-25.2%) |
| 2BR | $1,219 | $1,770 | −$550 (-31.1%) |
| 2BR | $1,500 | $1,770 | −$269 (-15.2%) |
| 3BR | $1,800 | $2,305 | −$505 (-21.9%) |
| 3BR | $1,250 | $2,305 | −$1,055 (-45.8%) |
| 4BR | $2,000 | $2,995 | −$995 (-33.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2024.