Monthly Rent Report
Clearing Rent Report — April 2023
Asking rents in ZIP 60638, Chicago, from 172 listings.
Median 1BR rent in Clearing was $945 in April 2023, down 48.9% (−$905) from March 2023 and down 5.5% year-over-year. The middle half of 1BR listings asked between $884 and $1,065. That puts Clearing $480 below the Chicago citywide 1BR median of $1,425. The month's figures are based on 172 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $775 | +$25 (+3.3%) | — | $750 – $975 | 11 |
| Studio | $775 | +$25 (+3.3%) | — | $750 – $975 | 10 |
| 1BR | $945 | −$905 (-48.9%) | −$55 (-5.5%) | $884 – $1,065 | 8 |
| 1BR | $945 | −$905 (-48.9%) | −$55 (-5.5%) | $884 – $1,065 | 8 |
| 2BR | $1,600 | +$200 (+14.3%) | $0 (0.0%) | $1,600 – $1,600 | 1 |
| 2BR | $1,500 | +$100 (+7.1%) | −$100 (-6.3%) | $1,325 – $1,525 | 15 |
| 3BR | $1,800 | −$372 (-17.1%) | −$200 (-10.0%) | $1,800 – $1,800 | 1 |
| 3BR | $2,145 | −$27 (-1.3%) | +$145 (+7.2%) | $1,915 – $2,200 | 81 |
| 4BR | $2,000 | $0 (0.0%) | −$550 (-21.6%) | $2,000 – $2,000 | 26 |
| 4BR | $1,650 | −$350 (-17.5%) | −$900 (-35.3%) | $1,650 – $1,650 | 1 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Clearing vs. Chicago — April 2023
| Bedrooms | Clearing Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $775 | $1,195 | −$420 (-35.1%) |
| Studio | $775 | $1,195 | −$420 (-35.1%) |
| 1BR | $945 | $1,425 | −$480 (-33.7%) |
| 1BR | $945 | $1,425 | −$480 (-33.7%) |
| 2BR | $1,600 | $1,725 | −$125 (-7.2%) |
| 2BR | $1,500 | $1,725 | −$225 (-13.0%) |
| 3BR | $1,800 | $2,300 | −$500 (-21.7%) |
| 3BR | $2,145 | $2,300 | −$155 (-6.7%) |
| 4BR | $2,000 | $2,597 | −$597 (-23.0%) |
| 4BR | $1,650 | $2,597 | −$947 (-36.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2023.