Monthly Rent Report
South Shore Rent Report — November 2024
Asking rents in ZIP 60649, Chicago, from 48 listings.
Median 1BR rent in South Shore was $1,250 in November 2024, down 2.9% (−$37) from October 2024 and up 31.6% year-over-year. The middle half of 1BR listings asked between $1,100 and $1,250. That puts South Shore $325 below the Chicago citywide 1BR median of $1,575. The month's figures are based on 48 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2024 | Vs. November 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $775 | +$65 (+9.2%) | −$325 (-29.5%) | $763 – $788 | 2 |
| Studio | $895 | +$185 (+26.1%) | −$205 (-18.6%) | $895 – $895 | 1 |
| 1BR | $1,250 | −$37 (-2.9%) | +$300 (+31.6%) | $1,100 – $1,250 | 10 |
| 1BR | $1,095 | −$192 (-15.0%) | +$145 (+15.3%) | $1,025 – $1,150 | 5 |
| 2BR | $1,500 | +$281 (+23.1%) | +$600 (+66.7%) | $1,288 – $1,708 | 8 |
| 2BR | $1,300 | +$81 (+6.6%) | +$400 (+44.4%) | $1,075 – $1,525 | 10 |
| 3BR | $1,500 | +$250 (+20.0%) | $0 (0.0%) | $1,500 – $1,500 | 1 |
| 3BR | $1,800 | +$550 (+44.0%) | +$300 (+20.0%) | $1,500 – $1,800 | 9 |
| 4BR | $1,650 | −$350 (-17.5%) | −$200 (-10.8%) | $1,650 – $1,650 | 1 |
Median, P25, and P75 are asking rents from listings posted in November 2024. Changes compare against the nearest prior month with data.
South Shore vs. Chicago — November 2024
| Bedrooms | South Shore Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $775 | $1,292 | −$517 (-40.0%) |
| Studio | $895 | $1,292 | −$397 (-30.7%) |
| 1BR | $1,250 | $1,575 | −$325 (-20.6%) |
| 1BR | $1,095 | $1,575 | −$480 (-30.5%) |
| 2BR | $1,500 | $1,945 | −$445 (-22.9%) |
| 2BR | $1,300 | $1,945 | −$645 (-33.2%) |
| 3BR | $1,500 | $2,200 | −$700 (-31.8%) |
| 3BR | $1,800 | $2,200 | −$400 (-18.2%) |
| 4BR | $1,650 | $2,990 | −$1,340 (-44.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2024.