Monthly Rent Report
Austin Rent Report — November 2022
Asking rents in ZIP 60644, Chicago, from 74 listings.
Median 1BR rent in Austin was $765 in November 2022, down 1.3% (−$10) from October 2022 and down 14.5% year-over-year. The middle half of 1BR listings asked between $765 and $765. That puts Austin $635 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 74 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2022 | Vs. November 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $660 | −$165 (-20.0%) | +$10 (+1.5%) | $660 – $660 | 1 |
| Studio | $775 | −$50 (-6.1%) | +$125 (+19.2%) | $765 – $870 | 13 |
| 1BR | $765 | −$10 (-1.3%) | −$130 (-14.5%) | $765 – $765 | 1 |
| 1BR | $950 | +$175 (+22.6%) | +$55 (+6.1%) | $925 – $1,030 | 23 |
| 2BR | $1,113 | −$237 (-17.6%) | +$63 (+6.0%) | $995 – $1,200 | 16 |
| 2BR | $1,175 | −$175 (-13.0%) | +$125 (+11.9%) | $1,175 – $1,175 | 1 |
| 3BR | $1,245 | −$255 (-17.0%) | −$180 (-12.6%) | $1,245 – $1,245 | 1 |
| 3BR | $1,550 | +$50 (+3.3%) | +$125 (+8.8%) | $1,500 – $1,600 | 4 |
| 4BR | $1,500 | −$445 (-22.9%) | $0 (0.0%) | $1,500 – $1,500 | 11 |
| 4BR | $1,650 | −$295 (-15.2%) | +$150 (+10.0%) | $1,650 – $1,650 | 1 |
Median, P25, and P75 are asking rents from listings posted in November 2022. Changes compare against the nearest prior month with data.
Austin vs. Chicago — November 2022
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $660 | $1,120 | −$460 (-41.1%) |
| Studio | $775 | $1,120 | −$345 (-30.8%) |
| 1BR | $765 | $1,400 | −$635 (-45.4%) |
| 1BR | $950 | $1,400 | −$450 (-32.1%) |
| 2BR | $1,113 | $1,700 | −$587 (-34.6%) |
| 2BR | $1,175 | $1,700 | −$525 (-30.9%) |
| 3BR | $1,245 | $2,100 | −$855 (-40.7%) |
| 3BR | $1,550 | $2,100 | −$550 (-26.2%) |
| 4BR | $1,500 | $2,500 | −$1,000 (-40.0%) |
| 4BR | $1,650 | $2,500 | −$850 (-34.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2022.