Monthly Rent Report
Clearing Rent Report — July 2023
Asking rents in ZIP 60638, Chicago, from 103 listings.
Median 1BR rent in Clearing was $945 in July 2023, down 10.0% (−$105) from June 2023 and down 16.0% year-over-year. The middle half of 1BR listings asked between $920 and $970. That puts Clearing $505 below the Chicago citywide 1BR median of $1,450. The month's figures are based on 103 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $975 | $0 (0.0%) | — | $975 – $975 | 1 |
| Studio | $975 | $0 (0.0%) | — | $975 – $975 | 1 |
| 1BR | $945 | −$105 (-10.0%) | −$180 (-16.0%) | $920 – $970 | 2 |
| 1BR | $1,095 | +$45 (+4.3%) | −$30 (-2.7%) | $1,095 – $1,095 | 1 |
| 2BR | $1,275 | −$225 (-15.0%) | −$25 (-1.9%) | $1,275 – $1,275 | 1 |
| 2BR | $1,400 | −$100 (-6.7%) | +$100 (+7.7%) | $1,325 – $1,508 | 7 |
| 3BR | $1,600 | −$545 (-25.4%) | −$545 (-25.4%) | $1,600 – $2,500 | 6 |
| 3BR | $2,145 | $0 (0.0%) | $0 (0.0%) | $1,915 – $2,211 | 24 |
| 4BR | $2,000 | $0 (0.0%) | $0 (0.0%) | $1,945 – $2,015 | 22 |
| 4BR | $2,000 | $0 (0.0%) | $0 (0.0%) | $1,945 – $2,015 | 35 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Clearing vs. Chicago — July 2023
| Bedrooms | Clearing Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $975 | $1,200 | −$225 (-18.8%) |
| Studio | $975 | $1,200 | −$225 (-18.8%) |
| 1BR | $945 | $1,450 | −$505 (-34.8%) |
| 1BR | $1,095 | $1,450 | −$355 (-24.5%) |
| 2BR | $1,275 | $1,795 | −$520 (-29.0%) |
| 2BR | $1,400 | $1,795 | −$395 (-22.0%) |
| 3BR | $1,600 | $2,273 | −$672 (-29.6%) |
| 3BR | $2,145 | $2,273 | −$127 (-5.6%) |
| 4BR | $2,000 | $2,709 | −$708 (-26.2%) |
| 4BR | $2,000 | $2,709 | −$708 (-26.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2023.