Monthly Rent Report
Clearing Rent Report — June 2023
Asking rents in ZIP 60638, Chicago, from 245 listings.
Median 1BR rent in Clearing was $998 in June 2023, down 9.3% (−$102) from May 2023 and down 5.0% year-over-year. The middle half of 1BR listings asked between $936 and $1,100. That puts Clearing $403 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 245 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $975 | +$200 (+25.8%) | +$135 (+16.1%) | $969 – $975 | 4 |
| Studio | $975 | +$200 (+25.8%) | +$135 (+16.1%) | $969 – $975 | 4 |
| 1BR | $998 | −$102 (-9.3%) | −$52 (-5.0%) | $936 – $1,100 | 16 |
| 1BR | $1,050 | −$50 (-4.5%) | $0 (0.0%) | $963 – $1,138 | 6 |
| 2BR | $1,100 | −$200 (-15.4%) | −$400 (-26.7%) | $1,100 – $1,100 | 1 |
| 2BR | $1,500 | +$200 (+15.4%) | $0 (0.0%) | $1,481 – $1,590 | 18 |
| 3BR | $2,145 | −$55 (-2.5%) | +$645 (+43.0%) | $1,915 – $2,200 | 69 |
| 3BR | $2,145 | −$55 (-2.5%) | +$645 (+43.0%) | $1,915 – $2,200 | 69 |
| 4BR | $1,650 | −$350 (-17.5%) | −$450 (-21.4%) | $1,650 – $1,650 | 1 |
| 4BR | $2,000 | $0 (0.0%) | −$100 (-4.8%) | $1,945 – $2,015 | 53 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Clearing vs. Chicago — June 2023
| Bedrooms | Clearing Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $975 | $1,243 | −$267 (-21.5%) |
| Studio | $975 | $1,243 | −$267 (-21.5%) |
| 1BR | $998 | $1,400 | −$402 (-28.7%) |
| 1BR | $1,050 | $1,400 | −$350 (-25.0%) |
| 2BR | $1,100 | $1,700 | −$600 (-35.3%) |
| 2BR | $1,500 | $1,700 | −$200 (-11.8%) |
| 3BR | $2,145 | $2,275 | −$130 (-5.7%) |
| 3BR | $2,145 | $2,275 | −$130 (-5.7%) |
| 4BR | $1,650 | $2,500 | −$850 (-34.0%) |
| 4BR | $2,000 | $2,500 | −$500 (-20.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2023.