Monthly Rent Report
Austin Rent Report — September 2022
Asking rents in ZIP 60644, Chicago, from 78 listings.
Median 1BR rent in Austin was $800 in September 2022, down 22.0% (−$225) from August 2022 and up 3.2% year-over-year. The middle half of 1BR listings asked between $800 and $800. That puts Austin $500 below the Chicago citywide 1BR median of $1,300. The month's figures are based on 78 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2022 | Vs. September 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $650 | −$245 (-27.4%) | +$75 (+13.0%) | $650 – $650 | 2 |
| Studio | $888 | −$7 (-0.8%) | +$313 (+54.3%) | $875 – $901 | 4 |
| 1BR | $800 | −$225 (-22.0%) | +$25 (+3.2%) | $800 – $800 | 1 |
| 1BR | $950 | −$75 (-7.3%) | +$175 (+22.6%) | $905 – $1,030 | 25 |
| 2BR | $1,200 | −$375 (-23.8%) | +$300 (+33.3%) | $1,200 – $1,200 | 1 |
| 2BR | $1,600 | +$25 (+1.6%) | +$700 (+77.8%) | $1,400 – $1,638 | 3 |
| 3BR | $1,500 | +$250 (+20.0%) | +$145 (+10.7%) | $1,385 – $1,550 | 19 |
| 3BR | $1,525 | +$275 (+22.0%) | +$170 (+12.5%) | $1,513 – $1,538 | 2 |
| 4BR | $1,661 | +$26 (+1.6%) | +$211 (+14.6%) | $1,661 – $1,661 | 5 |
| 4BR | $1,575 | −$60 (-3.7%) | +$125 (+8.6%) | $1,575 – $1,575 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2022. Changes compare against the nearest prior month with data.
Austin vs. Chicago — September 2022
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $650 | $1,050 | −$400 (-38.1%) |
| Studio | $888 | $1,050 | −$162 (-15.5%) |
| 1BR | $800 | $1,300 | −$500 (-38.5%) |
| 1BR | $950 | $1,300 | −$350 (-26.9%) |
| 2BR | $1,200 | $1,550 | −$350 (-22.6%) |
| 2BR | $1,600 | $1,550 | +$50 (+3.2%) |
| 3BR | $1,500 | $2,099 | −$599 (-28.5%) |
| 3BR | $1,525 | $2,099 | −$574 (-27.3%) |
| 4BR | $1,661 | $2,420 | −$759 (-31.4%) |
| 4BR | $1,575 | $2,420 | −$845 (-34.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2022.