Monthly Rent Report
Clearing Rent Report — January 2024
Asking rents in ZIP 60638, Chicago, from 80 listings.
Median 1BR rent in Clearing was $1,200 in January 2024, up 9.6% (+$105) from December 2023 and up 20.0% year-over-year. The middle half of 1BR listings asked between $1,100 and $1,288. That puts Clearing $317 below the Chicago citywide 1BR median of $1,517. The month's figures are based on 80 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,200 | +$105 (+9.6%) | +$200 (+20.0%) | $1,100 – $1,288 | 11 |
| 1BR | $1,050 | −$45 (-4.1%) | +$50 (+5.0%) | $1,050 – $1,050 | 1 |
| 2BR | $1,400 | +$100 (+7.7%) | +$100 (+7.7%) | $1,375 – $1,500 | 15 |
| 2BR | $2,200 | +$900 (+69.2%) | +$900 (+69.2%) | $2,200 – $2,200 | 1 |
| 3BR | $2,200 | +$55 (+2.6%) | +$800 (+57.1%) | $1,915 – $2,245 | 33 |
| 3BR | $2,400 | +$255 (+11.9%) | +$1,000 (+71.4%) | $2,400 – $2,400 | 1 |
| 4BR | $2,000 | −$1,200 (-37.5%) | −$600 (-23.1%) | $1,959 – $2,011 | 14 |
| 4BR | $2,500 | −$700 (-21.9%) | −$100 (-3.8%) | $2,500 – $2,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Clearing vs. Chicago — January 2024
| Bedrooms | Clearing Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,200 | $1,517 | −$317 (-20.9%) |
| 1BR | $1,050 | $1,517 | −$467 (-30.8%) |
| 2BR | $1,400 | $1,800 | −$400 (-22.2%) |
| 2BR | $2,200 | $1,800 | +$400 (+22.2%) |
| 3BR | $2,200 | $2,300 | −$100 (-4.3%) |
| 3BR | $2,400 | $2,300 | +$100 (+4.3%) |
| 4BR | $2,000 | $2,792 | −$791 (-28.4%) |
| 4BR | $2,500 | $2,792 | −$291 (-10.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2024.