Monthly Rent Report
Austin Rent Report — August 2021
Asking rents in ZIP 60644, Chicago, from 65 listings.
Median 1BR rent in Austin was $863 in August 2021, down 4.1% (−$37) from July 2021. The middle half of 1BR listings asked between $826 and $925. That puts Austin $335 below the Chicago citywide 1BR median of $1,198. The month's figures are based on 65 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2021 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $706 | +$101 (+16.6%) | — | $685 – $753 | 10 |
| Studio | $660 | +$55 (+9.1%) | — | $618 – $660 | 3 |
| 1BR | $863 | −$37 (-4.1%) | — | $826 – $925 | 25 |
| 1BR | $825 | −$75 (-8.3%) | — | $788 – $863 | 2 |
| 2BR | $1,050 | $0 (0.0%) | — | $1,050 – $1,050 | 1 |
| 2BR | $1,113 | +$63 (+6.0%) | — | $1,106 – $1,119 | 2 |
| 3BR | $1,308 | +$358 (+37.6%) | — | $1,240 – $1,569 | 12 |
| 3BR | $1,350 | +$400 (+42.1%) | — | $1,350 – $1,350 | 1 |
| 4BR | $1,500 | +$100 (+7.1%) | — | $1,344 – $1,670 | 7 |
| 4BR | $1,500 | +$100 (+7.1%) | — | $1,500 – $1,500 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2021. Changes compare against the nearest prior month with data.
Austin vs. Chicago — August 2021
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $706 | $1,050 | −$344 (-32.8%) |
| Studio | $660 | $1,050 | −$390 (-37.1%) |
| 1BR | $863 | $1,198 | −$334 (-27.9%) |
| 1BR | $825 | $1,198 | −$372 (-31.1%) |
| 2BR | $1,050 | $1,498 | −$447 (-29.9%) |
| 2BR | $1,113 | $1,498 | −$385 (-25.7%) |
| 3BR | $1,308 | $2,000 | −$692 (-34.6%) |
| 3BR | $1,350 | $2,000 | −$650 (-32.5%) |
| 4BR | $1,500 | $2,395 | −$895 (-37.4%) |
| 4BR | $1,500 | $2,395 | −$895 (-37.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2021.