Monthly Rent Report
Austin Rent Report — May 2022
Asking rents in ZIP 60644, Chicago, from 23 listings.
Median 1BR rent in Austin was $903 in May 2022, down 33.1% (−$447) from April 2022 and up 53.6% year-over-year. The middle half of 1BR listings asked between $899 and $906. That puts Austin $395 below the Chicago citywide 1BR median of $1,298. The month's figures are based on 23 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2022 | Vs. May 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $660 | −$220 (-25.0%) | −$37 (-5.4%) | $660 – $660 | 1 |
| 1BR | $903 | −$447 (-33.1%) | +$315 (+53.6%) | $899 – $906 | 2 |
| 2BR | $1,200 | +$155 (+14.8%) | +$175 (+17.1%) | $1,200 – $1,238 | 6 |
| 2BR | $950 | −$95 (-9.1%) | −$75 (-7.3%) | $900 – $1,063 | 3 |
| 3BR | $1,600 | +$250 (+18.5%) | +$375 (+30.6%) | $1,600 – $1,600 | 1 |
| 3BR | $1,400 | +$50 (+3.7%) | +$175 (+14.3%) | $1,400 – $1,400 | 1 |
| 4BR | $1,675 | $0 (0.0%) | +$175 (+11.7%) | $1,675 – $1,675 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2022. Changes compare against the nearest prior month with data.
Austin vs. Chicago — May 2022
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $660 | $1,050 | −$390 (-37.1%) |
| 1BR | $903 | $1,298 | −$395 (-30.4%) |
| 2BR | $1,200 | $1,599 | −$399 (-24.9%) |
| 2BR | $950 | $1,599 | −$649 (-40.6%) |
| 3BR | $1,600 | $2,100 | −$500 (-23.8%) |
| 3BR | $1,400 | $2,100 | −$700 (-33.3%) |
| 4BR | $1,675 | $2,600 | −$925 (-35.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2022.