Monthly Rent Report
Clearing Rent Report — May 2024
Asking rents in ZIP 60638, Chicago, from 260 listings.
Median 1BR rent in Clearing was $1,095 in May 2024, down 2.4% (−$27) from April 2024 and up 12.3% year-over-year. The middle half of 1BR listings asked between $1,095 and $1,194. That puts Clearing $408 below the Chicago citywide 1BR median of $1,503. The month's figures are based on 260 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,025 | $0 (0.0%) | +$250 (+32.3%) | $1,025 – $1,025 | 6 |
| Studio | $1,025 | $0 (0.0%) | +$250 (+32.3%) | $1,025 – $1,025 | 6 |
| 1BR | $1,095 | −$27 (-2.4%) | +$120 (+12.3%) | $1,095 – $1,194 | 30 |
| 1BR | $1,050 | −$72 (-6.5%) | +$75 (+7.7%) | $1,050 – $1,050 | 1 |
| 2BR | $1,475 | −$25 (-1.7%) | +$150 (+11.3%) | $1,363 – $1,700 | 34 |
| 2BR | $1,850 | +$350 (+23.3%) | +$525 (+39.6%) | $1,850 – $1,850 | 1 |
| 3BR | $2,145 | $0 (0.0%) | −$55 (-2.5%) | $1,915 – $2,245 | 96 |
| 3BR | $1,795 | −$350 (-16.3%) | −$405 (-18.4%) | $1,795 – $1,795 | 1 |
| 4BR | $2,430 | +$430 (+21.5%) | +$780 (+47.3%) | $2,430 – $2,430 | 2 |
| 4BR | $2,000 | $0 (0.0%) | +$350 (+21.2%) | $1,945 – $2,015 | 68 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Clearing vs. Chicago — May 2024
| Bedrooms | Clearing Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,025 | $1,196 | −$171 (-14.3%) |
| Studio | $1,025 | $1,196 | −$171 (-14.3%) |
| 1BR | $1,095 | $1,503 | −$407 (-27.1%) |
| 1BR | $1,050 | $1,503 | −$452 (-30.1%) |
| 2BR | $1,475 | $1,825 | −$350 (-19.2%) |
| 2BR | $1,850 | $1,825 | +$25 (+1.4%) |
| 3BR | $2,145 | $2,236 | −$91 (-4.1%) |
| 3BR | $1,795 | $2,236 | −$441 (-19.7%) |
| 4BR | $2,430 | $2,725 | −$295 (-10.8%) |
| 4BR | $2,000 | $2,725 | −$725 (-26.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.