Monthly Rent Report
Austin Rent Report — December 2022
Asking rents in ZIP 60644, Chicago, from 95 listings.
Median 1BR rent in Austin was $993 in December 2022, up 4.5% (+$43) from November 2022 and up 10.3% year-over-year. The middle half of 1BR listings asked between $800 and $1,020. That puts Austin $353 below the Chicago citywide 1BR median of $1,345. The month's figures are based on 95 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2022 | Vs. December 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $750 | −$25 (-3.2%) | −$30 (-3.8%) | $750 – $750 | 1 |
| Studio | $875 | +$100 (+12.9%) | +$95 (+12.2%) | $865 – $883 | 7 |
| 1BR | $993 | +$43 (+4.5%) | +$93 (+10.3%) | $800 – $1,020 | 28 |
| 1BR | $1,025 | +$75 (+7.9%) | +$125 (+13.9%) | $988 – $1,063 | 2 |
| 2BR | $1,295 | +$120 (+10.2%) | +$375 (+40.8%) | $1,210 – $1,350 | 17 |
| 2BR | $1,025 | −$150 (-12.8%) | +$105 (+11.4%) | $988 – $1,063 | 2 |
| 3BR | $1,050 | −$500 (-32.3%) | −$200 (-16.0%) | $1,050 – $1,050 | 1 |
| 3BR | $1,593 | +$43 (+2.7%) | +$343 (+27.4%) | $1,400 – $1,700 | 26 |
| 4BR | $1,661 | +$161 (+10.7%) | +$261 (+18.6%) | $1,661 – $1,661 | 1 |
| 4BR | $1,661 | +$161 (+10.7%) | +$261 (+18.6%) | $1,608 – $1,670 | 8 |
Median, P25, and P75 are asking rents from listings posted in December 2022. Changes compare against the nearest prior month with data.
Austin vs. Chicago — December 2022
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $750 | $1,050 | −$300 (-28.6%) |
| Studio | $875 | $1,050 | −$175 (-16.7%) |
| 1BR | $993 | $1,345 | −$352 (-26.2%) |
| 1BR | $1,025 | $1,345 | −$320 (-23.8%) |
| 2BR | $1,295 | $1,675 | −$380 (-22.7%) |
| 2BR | $1,025 | $1,675 | −$650 (-38.8%) |
| 3BR | $1,050 | $2,181 | −$1,131 (-51.9%) |
| 3BR | $1,593 | $2,181 | −$589 (-27.0%) |
| 4BR | $1,661 | $2,589 | −$928 (-35.8%) |
| 4BR | $1,661 | $2,589 | −$928 (-35.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2022.