Monthly Rent Report
Austin Rent Report — May 2021
Asking rents in ZIP 60644, Chicago, from 72 listings.
Median 1BR rent in Austin was $588 in May 2021, down 36.5% (−$337) from April 2021. The middle half of 1BR listings asked between $544 and $631. That puts Austin $660 below the Chicago citywide 1BR median of $1,248. The month's figures are based on 72 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2021 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $698 | +$8 (+1.1%) | — | $670 – $736 | 6 |
| Studio | $698 | +$8 (+1.1%) | — | $670 – $736 | 6 |
| 1BR | $588 | −$337 (-36.5%) | — | $544 – $631 | 2 |
| 1BR | $890 | −$35 (-3.8%) | — | $865 – $925 | 24 |
| 2BR | $1,025 | +$60 (+6.2%) | — | $1,005 – $1,100 | 19 |
| 2BR | $1,125 | +$160 (+16.6%) | — | $820 – $1,125 | 5 |
| 3BR | $1,400 | +$150 (+12.0%) | — | $1,400 – $1,400 | 1 |
| 3BR | $1,225 | −$25 (-2.0%) | — | $1,205 – $1,225 | 6 |
| 4BR | $1,500 | $0 (0.0%) | — | $1,500 – $1,500 | 3 |
Median, P25, and P75 are asking rents from listings posted in May 2021. Changes compare against the nearest prior month with data.
Austin vs. Chicago — May 2021
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $698 | $995 | −$297 (-29.9%) |
| Studio | $698 | $995 | −$297 (-29.9%) |
| 1BR | $588 | $1,248 | −$660 (-52.9%) |
| 1BR | $890 | $1,248 | −$357 (-28.7%) |
| 2BR | $1,025 | $1,521 | −$496 (-32.6%) |
| 2BR | $1,125 | $1,521 | −$396 (-26.0%) |
| 3BR | $1,400 | $1,950 | −$550 (-28.2%) |
| 3BR | $1,225 | $1,950 | −$725 (-37.2%) |
| 4BR | $1,500 | $2,245 | −$745 (-33.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2021.