Monthly Rent Report
Austin Rent Report — June 2022
Asking rents in ZIP 60644, Chicago, from 19 listings.
Median 1BR rent in Austin was $923 in June 2022, up 2.2% (+$20) from May 2022 and up 27.2% year-over-year. The middle half of 1BR listings asked between $895 and $1,013. That puts Austin $328 below the Chicago citywide 1BR median of $1,250. The month's figures are based on 19 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2022 | Vs. June 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $825 | +$165 (+25.0%) | +$325 (+65.0%) | $825 – $825 | 1 |
| Studio | $675 | +$15 (+2.3%) | +$175 (+35.0%) | $675 – $675 | 1 |
| 1BR | $923 | +$20 (+2.2%) | +$198 (+27.2%) | $895 – $1,013 | 4 |
| 2BR | $1,275 | +$325 (+34.2%) | +$75 (+6.3%) | $1,275 – $1,275 | 1 |
| 2BR | $895 | −$55 (-5.8%) | −$305 (-25.4%) | $895 – $895 | 1 |
| 3BR | $1,350 | −$50 (-3.6%) | +$400 (+42.1%) | $1,350 – $1,350 | 1 |
| 3BR | $1,053 | −$347 (-24.8%) | +$103 (+10.8%) | $1,049 – $1,056 | 2 |
| 4BR | $1,695 | +$20 (+1.2%) | +$295 (+21.1%) | $1,695 – $1,695 | 5 |
| 4BR | $1,695 | +$20 (+1.2%) | +$295 (+21.1%) | $1,695 – $1,695 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2022. Changes compare against the nearest prior month with data.
Austin vs. Chicago — June 2022
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $825 | $990 | −$165 (-16.7%) |
| Studio | $675 | $990 | −$315 (-31.8%) |
| 1BR | $923 | $1,250 | −$327 (-26.2%) |
| 2BR | $1,275 | $1,570 | −$295 (-18.8%) |
| 2BR | $895 | $1,570 | −$675 (-43.0%) |
| 3BR | $1,350 | $1,995 | −$645 (-32.3%) |
| 3BR | $1,053 | $1,995 | −$942 (-47.2%) |
| 4BR | $1,695 | $2,496 | −$801 (-32.1%) |
| 4BR | $1,695 | $2,496 | −$801 (-32.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2022.