Monthly Rent Report
Austin Rent Report — July 2022
Asking rents in ZIP 60644, Chicago, from 106 listings.
Median 1BR rent in Austin was $1,000 in July 2022, up 8.4% (+$78) from June 2022 and up 11.1% year-over-year. The middle half of 1BR listings asked between $800 and $1,000. That puts Austin $225 below the Chicago citywide 1BR median of $1,225. The month's figures are based on 106 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2022 | Vs. July 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $720 | +$45 (+6.7%) | +$115 (+19.0%) | $720 – $720 | 1 |
| Studio | $875 | +$200 (+29.6%) | +$270 (+44.6%) | $844 – $875 | 4 |
| 1BR | $1,000 | +$78 (+8.4%) | +$100 (+11.1%) | $800 – $1,000 | 17 |
| 1BR | $973 | +$50 (+5.4%) | +$73 (+8.1%) | $961 – $984 | 2 |
| 2BR | $1,350 | +$455 (+50.8%) | +$150 (+12.5%) | $1,350 – $1,450 | 37 |
| 2BR | $960 | +$65 (+7.3%) | −$240 (-20.0%) | $960 – $960 | 1 |
| 3BR | $1,348 | −$2 (-0.2%) | +$398 (+41.8%) | $1,271 – $1,424 | 2 |
| 3BR | $1,548 | +$198 (+14.6%) | +$598 (+62.9%) | $1,285 – $1,595 | 18 |
| 4BR | $1,650 | −$45 (-2.7%) | +$250 (+17.9%) | $1,595 – $1,765 | 7 |
| 4BR | $1,595 | −$100 (-5.9%) | +$195 (+13.9%) | $1,595 – $1,595 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2022. Changes compare against the nearest prior month with data.
Austin vs. Chicago — July 2022
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $720 | $1,104 | −$384 (-34.8%) |
| Studio | $875 | $1,104 | −$229 (-20.7%) |
| 1BR | $1,000 | $1,225 | −$225 (-18.4%) |
| 1BR | $973 | $1,225 | −$252 (-20.6%) |
| 2BR | $1,350 | $1,695 | −$345 (-20.4%) |
| 2BR | $960 | $1,695 | −$735 (-43.4%) |
| 3BR | $1,348 | $2,200 | −$852 (-38.8%) |
| 3BR | $1,548 | $2,200 | −$652 (-29.7%) |
| 4BR | $1,650 | $2,500 | −$850 (-34.0%) |
| 4BR | $1,595 | $2,500 | −$905 (-36.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2022.