Monthly Rent Report
Clearing Rent Report — May 2023
Asking rents in ZIP 60638, Chicago, from 132 listings.
Median 1BR rent in Clearing was $1,100 in May 2023, up 16.4% (+$155) from April 2023 and down 8.3% year-over-year. The middle half of 1BR listings asked between $923 and $1,125. That puts Clearing $300 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 132 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $763 | −$12 (-1.6%) | — | $756 – $769 | 2 |
| Studio | $775 | $0 (0.0%) | — | $763 – $1,363 | 3 |
| 1BR | $1,100 | +$155 (+16.4%) | −$100 (-8.3%) | $923 – $1,125 | 7 |
| 1BR | $975 | +$30 (+3.2%) | −$225 (-18.8%) | $913 – $1,038 | 2 |
| 2BR | $1,300 | −$300 (-18.8%) | −$97 (-7.0%) | $1,300 – $1,300 | 1 |
| 2BR | $1,325 | −$275 (-17.2%) | −$72 (-5.2%) | $1,300 – $1,475 | 10 |
| 3BR | $2,200 | +$55 (+2.6%) | +$600 (+37.5%) | $1,800 – $2,450 | 3 |
| 3BR | $2,200 | +$55 (+2.6%) | +$600 (+37.5%) | $1,915 – $2,211 | 60 |
| 4BR | $2,000 | $0 (0.0%) | −$550 (-21.6%) | $1,945 – $2,015 | 40 |
| 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 May 2023. Changes compare against the nearest prior month with data.
Clearing vs. Chicago — May 2023
| Bedrooms | Clearing Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $763 | $1,200 | −$437 (-36.5%) |
| Studio | $775 | $1,200 | −$425 (-35.4%) |
| 1BR | $1,100 | $1,400 | −$300 (-21.4%) |
| 1BR | $975 | $1,400 | −$425 (-30.4%) |
| 2BR | $1,300 | $1,698 | −$397 (-23.4%) |
| 2BR | $1,325 | $1,698 | −$372 (-21.9%) |
| 3BR | $2,200 | $2,300 | −$100 (-4.3%) |
| 3BR | $2,200 | $2,300 | −$100 (-4.3%) |
| 4BR | $2,000 | $2,548 | −$547 (-21.5%) |
| 4BR | $1,650 | $2,548 | −$897 (-35.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.