Monthly Rent Report
Clearing Rent Report — December 2023
Asking rents in ZIP 60638, Chicago, from 120 listings.
Median 1BR rent in Clearing was $1,095 in December 2023, down 0.5% (−$5) from November 2023 and up 4.3% year-over-year. The middle half of 1BR listings asked between $1,095 and $1,095. That puts Clearing $360 below the Chicago citywide 1BR median of $1,455. The month's figures are based on 120 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,095 | −$5 (-0.5%) | +$45 (+4.3%) | $1,095 – $1,095 | 1 |
| 1BR | $1,300 | +$200 (+18.2%) | +$250 (+23.8%) | $1,300 – $1,300 | 1 |
| 2BR | $2,500 | +$1,100 (+78.6%) | +$1,025 (+69.5%) | $2,075 – $2,500 | 3 |
| 2BR | $1,300 | −$100 (-7.1%) | −$175 (-11.9%) | $1,300 – $1,300 | 1 |
| 3BR | $2,500 | $0 (0.0%) | +$550 (+28.2%) | $2,500 – $2,500 | 1 |
| 3BR | $2,145 | −$355 (-14.2%) | +$195 (+10.0%) | $1,935 – $2,245 | 110 |
| 4BR | $3,200 | +$1,185 (+58.8%) | +$1,200 (+60.0%) | $3,200 – $3,200 | 2 |
| 4BR | $3,200 | +$1,185 (+58.8%) | +$1,200 (+60.0%) | $3,200 – $3,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Clearing vs. Chicago — December 2023
| Bedrooms | Clearing Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,095 | $1,455 | −$360 (-24.7%) |
| 1BR | $1,300 | $1,455 | −$155 (-10.7%) |
| 2BR | $2,500 | $1,800 | +$700 (+38.9%) |
| 2BR | $1,300 | $1,800 | −$500 (-27.8%) |
| 3BR | $2,500 | $2,472 | +$28 (+1.1%) |
| 3BR | $2,145 | $2,472 | −$327 (-13.2%) |
| 4BR | $3,200 | $2,630 | +$570 (+21.7%) |
| 4BR | $3,200 | $2,630 | +$570 (+21.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2023.