Monthly Rent Report
Austin Rent Report — October 2022
Asking rents in ZIP 60644, Chicago, from 93 listings.
Median 1BR rent in Austin was $775 in October 2022, down 3.1% (−$25) from September 2022 and down 18.4% year-over-year. The middle half of 1BR listings asked between $775 and $775. That puts Austin $543 below the Chicago citywide 1BR median of $1,318. The month's figures are based on 93 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2022 | Vs. October 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $825 | +$175 (+26.9%) | +$200 (+32.0%) | $825 – $825 | 1 |
| Studio | $825 | +$175 (+26.9%) | +$200 (+32.0%) | $825 – $825 | 3 |
| 1BR | $775 | −$25 (-3.1%) | −$175 (-18.4%) | $775 – $775 | 1 |
| 1BR | $1,000 | +$200 (+25.0%) | +$50 (+5.3%) | $1,000 – $1,000 | 2 |
| 2BR | $1,108 | −$92 (-7.7%) | +$223 (+25.1%) | $1,011 – $1,204 | 2 |
| 2BR | $1,350 | +$150 (+12.5%) | +$465 (+52.5%) | $1,050 – $1,350 | 17 |
| 3BR | $1,500 | $0 (0.0%) | +$300 (+25.0%) | $1,500 – $1,600 | 19 |
| 3BR | $1,350 | −$150 (-10.0%) | +$150 (+12.5%) | $1,350 – $1,350 | 1 |
| 4BR | $1,945 | +$284 (+17.1%) | +$920 (+89.8%) | $1,945 – $1,945 | 8 |
| 4BR | $1,945 | +$284 (+17.1%) | +$920 (+89.8%) | $1,945 – $1,945 | 2 |
Median, P25, and P75 are asking rents from listings posted in October 2022. Changes compare against the nearest prior month with data.
Austin vs. Chicago — October 2022
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $825 | $1,050 | −$225 (-21.4%) |
| Studio | $825 | $1,050 | −$225 (-21.4%) |
| 1BR | $775 | $1,318 | −$542 (-41.2%) |
| 1BR | $1,000 | $1,318 | −$317 (-24.1%) |
| 2BR | $1,108 | $1,700 | −$592 (-34.9%) |
| 2BR | $1,350 | $1,700 | −$350 (-20.6%) |
| 3BR | $1,500 | $2,190 | −$690 (-31.5%) |
| 3BR | $1,350 | $2,190 | −$840 (-38.4%) |
| 4BR | $1,945 | $2,478 | −$532 (-21.5%) |
| 4BR | $1,945 | $2,478 | −$532 (-21.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2022.