Monthly Rent Report
Austin Rent Report — August 2022
Asking rents in ZIP 60644, Chicago, from 79 listings.
Median 1BR rent in Austin was $1,025 in August 2022, up 2.5% (+$25) from July 2022 and up 24.2% year-over-year. The middle half of 1BR listings asked between $993 and $1,073. That puts Austin $270 below the Chicago citywide 1BR median of $1,295. The month's figures are based on 79 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2022 | Vs. August 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $875 | +$155 (+21.5%) | +$215 (+32.6%) | $875 – $875 | 1 |
| Studio | $895 | +$175 (+24.3%) | +$235 (+35.6%) | $860 – $993 | 10 |
| 1BR | $1,025 | +$25 (+2.5%) | +$200 (+24.2%) | $993 – $1,073 | 20 |
| 1BR | $900 | −$100 (-10.0%) | +$75 (+9.1%) | $900 – $900 | 1 |
| 2BR | $1,575 | +$225 (+16.7%) | +$463 (+41.6%) | $1,575 – $1,575 | 1 |
| 2BR | $1,195 | −$155 (-11.5%) | +$83 (+7.4%) | $1,195 – $1,195 | 1 |
| 3BR | $1,500 | −$47 (-3.1%) | +$150 (+11.1%) | $1,389 – $1,700 | 22 |
| 3BR | $1,250 | −$297 (-19.2%) | −$100 (-7.4%) | $1,250 – $1,250 | 1 |
| 4BR | $1,635 | −$15 (-0.9%) | +$135 (+9.0%) | $1,635 – $1,635 | 1 |
| 4BR | $1,635 | −$15 (-0.9%) | +$135 (+9.0%) | $1,635 – $1,635 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2022. Changes compare against the nearest prior month with data.
Austin vs. Chicago — August 2022
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $875 | $1,095 | −$220 (-20.1%) |
| Studio | $895 | $1,095 | −$200 (-18.3%) |
| 1BR | $1,025 | $1,295 | −$270 (-20.8%) |
| 1BR | $900 | $1,295 | −$395 (-30.5%) |
| 2BR | $1,575 | $1,795 | −$220 (-12.3%) |
| 2BR | $1,195 | $1,795 | −$600 (-33.4%) |
| 3BR | $1,500 | $2,250 | −$750 (-33.3%) |
| 3BR | $1,250 | $2,250 | −$1,000 (-44.4%) |
| 4BR | $1,635 | $2,455 | −$820 (-33.4%) |
| 4BR | $1,635 | $2,455 | −$820 (-33.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2022.