Monthly Rent Report
Clearing Rent Report — August 2023
Asking rents in ZIP 60638, Chicago, from 66 listings.
Median 1BR rent in Clearing was $1,100 in August 2023, up 16.4% (+$155) from July 2023 and up 15.8% year-over-year. The middle half of 1BR listings asked between $1,100 and $1,100. That puts Clearing $420 below the Chicago citywide 1BR median of $1,520. The month's figures are based on 66 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,100 | +$155 (+16.4%) | +$150 (+15.8%) | $1,100 – $1,100 | 1 |
| 1BR | $995 | +$50 (+5.3%) | +$45 (+4.7%) | $995 – $995 | 5 |
| 2BR | $1,275 | $0 (0.0%) | +$25 (+2.0%) | $1,275 – $1,275 | 1 |
| 2BR | $1,300 | +$25 (+2.0%) | +$50 (+4.0%) | $1,300 – $1,300 | 1 |
| 3BR | $1,500 | −$645 (-30.1%) | −$750 (-33.3%) | $1,500 – $1,500 | 1 |
| 3BR | $2,145 | $0 (0.0%) | −$105 (-4.7%) | $1,915 – $2,234 | 14 |
| 4BR | $2,015 | +$15 (+0.8%) | +$15 (+0.8%) | $1,945 – $2,015 | 33 |
| 4BR | $2,000 | $0 (0.0%) | $0 (0.0%) | $1,945 – $2,011 | 10 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Clearing vs. Chicago — August 2023
| Bedrooms | Clearing Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,100 | $1,520 | −$420 (-27.6%) |
| 1BR | $995 | $1,520 | −$525 (-34.5%) |
| 2BR | $1,275 | $1,808 | −$532 (-29.5%) |
| 2BR | $1,300 | $1,808 | −$507 (-28.1%) |
| 3BR | $1,500 | $2,395 | −$895 (-37.4%) |
| 3BR | $2,145 | $2,395 | −$250 (-10.4%) |
| 4BR | $2,015 | $2,692 | −$677 (-25.1%) |
| 4BR | $2,000 | $2,692 | −$692 (-25.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.