Monthly Rent Report
Clearing Rent Report — August 2024
Asking rents in ZIP 60638, Chicago, from 18 listings.
Median 1BR rent in Clearing was $1,275 in August 2024, up 15.9% (+$175) from July 2024 and up 15.9% year-over-year. The middle half of 1BR listings asked between $1,275 and $1,275. That puts Clearing $263 below the Chicago citywide 1BR median of $1,538. The month's figures are based on 18 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,025 | $0 (0.0%) | — | $931 – $1,025 | 6 |
| 1BR | $1,275 | +$175 (+15.9%) | +$175 (+15.9%) | $1,275 – $1,275 | 1 |
| 2BR | $1,700 | +$125 (+7.9%) | +$425 (+33.3%) | $1,400 – $1,700 | 7 |
| 3BR | $2,495 | −$340 (-12.0%) | +$995 (+66.3%) | $2,495 – $2,495 | 1 |
| 4BR | $2,900 | +$885 (+43.9%) | +$885 (+43.9%) | $2,900 – $2,900 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Clearing vs. Chicago — August 2024
| Bedrooms | Clearing Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,025 | $1,190 | −$165 (-13.9%) |
| 1BR | $1,275 | $1,538 | −$263 (-17.1%) |
| 2BR | $1,700 | $1,823 | −$122 (-6.7%) |
| 3BR | $2,495 | $2,300 | +$195 (+8.5%) |
| 4BR | $2,900 | $2,995 | −$95 (-3.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2024.