Monthly Rent Report
Clearing Rent Report — October 2023
Asking rents in ZIP 60638, Chicago, from 123 listings.
Median 1BR rent in Clearing was $1,300 in October 2023, up 30.7% (+$305) from September 2023 and up 18.7% year-over-year. The middle half of 1BR listings asked between $1,300 and $1,300. That puts Clearing $175 below the Chicago citywide 1BR median of $1,475. The month's figures are based on 123 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,300 | +$305 (+30.7%) | +$205 (+18.7%) | $1,300 – $1,300 | 5 |
| 1BR | $1,095 | +$100 (+10.1%) | $0 (0.0%) | $1,095 – $1,095 | 1 |
| 2BR | $1,450 | +$50 (+3.6%) | −$50 (-3.3%) | $1,335 – $1,704 | 28 |
| 2BR | $1,350 | −$50 (-3.6%) | −$150 (-10.0%) | $1,300 – $1,438 | 6 |
| 3BR | $2,000 | −$1,300 (-39.4%) | −$145 (-6.8%) | $1,800 – $2,500 | 5 |
| 3BR | $2,700 | −$600 (-18.2%) | +$555 (+25.9%) | $2,363 – $2,750 | 3 |
| 4BR | $2,000 | +$20 (+1.0%) | $0 (0.0%) | $1,945 – $2,015 | 71 |
| 4BR | $2,200 | +$220 (+11.1%) | +$200 (+10.0%) | $2,200 – $2,200 | 2 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Clearing vs. Chicago — October 2023
| Bedrooms | Clearing Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,300 | $1,475 | −$175 (-11.9%) |
| 1BR | $1,095 | $1,475 | −$380 (-25.8%) |
| 2BR | $1,450 | $1,800 | −$350 (-19.4%) |
| 2BR | $1,350 | $1,800 | −$450 (-25.0%) |
| 3BR | $2,000 | $2,450 | −$450 (-18.4%) |
| 3BR | $2,700 | $2,450 | +$250 (+10.2%) |
| 4BR | $2,000 | $2,575 | −$575 (-22.3%) |
| 4BR | $2,200 | $2,575 | −$375 (-14.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2023.