Monthly Rent Report
Clearing Rent Report — February 2024
Asking rents in ZIP 60638, Chicago, from 153 listings.
Median 1BR rent in Clearing was $1,050 in February 2024, flat versus January 2024 and up 5.0% year-over-year. The middle half of 1BR listings asked between $1,050 and $1,050. That puts Clearing $450 below the Chicago citywide 1BR median of $1,500. The month's figures are based on 153 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,050 | $0 (0.0%) | +$50 (+5.0%) | $1,050 – $1,050 | 2 |
| 1BR | $1,175 | +$125 (+11.9%) | +$175 (+17.5%) | $1,050 – $1,288 | 23 |
| 2BR | $1,400 | −$800 (-36.4%) | −$100 (-6.7%) | $1,350 – $1,475 | 22 |
| 2BR | $1,300 | −$900 (-40.9%) | −$200 (-13.3%) | $1,300 – $1,300 | 1 |
| 3BR | $2,400 | +$200 (+9.1%) | +$255 (+11.9%) | $2,400 – $2,400 | 1 |
| 3BR | $2,200 | $0 (0.0%) | +$55 (+2.6%) | $1,915 – $2,245 | 66 |
| 4BR | $2,000 | −$500 (-20.0%) | $0 (0.0%) | $1,945 – $2,015 | 35 |
| 4BR | $2,600 | +$100 (+4.0%) | +$600 (+30.0%) | $2,600 – $2,600 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Clearing vs. Chicago — February 2024
| Bedrooms | Clearing Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,050 | $1,500 | −$450 (-30.0%) |
| 1BR | $1,175 | $1,500 | −$325 (-21.7%) |
| 2BR | $1,400 | $1,813 | −$412 (-22.8%) |
| 2BR | $1,300 | $1,813 | −$512 (-28.3%) |
| 3BR | $2,400 | $2,300 | +$100 (+4.3%) |
| 3BR | $2,200 | $2,300 | −$100 (-4.3%) |
| 4BR | $2,000 | $2,792 | −$791 (-28.4%) |
| 4BR | $2,600 | $2,792 | −$191 (-6.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2024.