Monthly Rent Report
Austin Rent Report — March 2022
Asking rents in ZIP 60644, Chicago, from 9 listings.
Median 1BR rent in Austin was $900 in March 2022, down 10.4% (−$105) from February 2022 and up 0.6% year-over-year. The middle half of 1BR listings asked between $900 and $900. That puts Austin $330 below the Chicago citywide 1BR median of $1,230. The month's figures are based on 9 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2022 | Vs. March 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $600 | −$35 (-5.5%) | −$7 (-1.2%) | $600 – $600 | 1 |
| 1BR | $900 | −$105 (-10.4%) | +$5 (+0.6%) | $900 – $900 | 2 |
| 2BR | $1,000 | −$300 (-23.1%) | −$100 (-9.1%) | $1,000 – $1,000 | 1 |
| 2BR | $1,300 | $0 (0.0%) | +$200 (+18.2%) | $1,300 – $1,300 | 1 |
| 3BR | $1,350 | −$311 (-18.7%) | +$285 (+26.8%) | $1,350 – $1,350 | 1 |
| 3BR | $1,500 | −$161 (-9.7%) | +$435 (+40.8%) | $1,500 – $1,500 | 1 |
| 4BR | $1,650 | — | +$150 (+10.0%) | $1,650 – $1,650 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2022. Changes compare against the nearest prior month with data.
Austin vs. Chicago — March 2022
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $600 | $950 | −$350 (-36.8%) |
| 1BR | $900 | $1,230 | −$330 (-26.8%) |
| 2BR | $1,000 | $1,473 | −$472 (-32.1%) |
| 2BR | $1,300 | $1,473 | −$172 (-11.7%) |
| 3BR | $1,350 | $1,950 | −$600 (-30.8%) |
| 3BR | $1,500 | $1,950 | −$450 (-23.1%) |
| 4BR | $1,650 | $2,300 | −$650 (-28.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2022.