Monthly Rent Report
Austin Rent Report — January 2023
Asking rents in ZIP 60644, Chicago, from 222 listings.
Median 1BR rent in Austin was $995 in January 2023, up 0.3% (+$3) from December 2022 and unchanged year-over-year. The middle half of 1BR listings asked between $900 and $1,100. That puts Austin $355 below the Chicago citywide 1BR median of $1,350. The month's figures are based on 222 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2022 | Vs. January 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $830 | +$80 (+10.7%) | −$365 (-30.5%) | $790 – $845 | 14 |
| Studio | $665 | −$85 (-11.3%) | −$530 (-44.4%) | $665 – $665 | 1 |
| 1BR | $995 | +$3 (+0.3%) | $0 (0.0%) | $900 – $1,100 | 46 |
| 1BR | $875 | −$117 (-11.8%) | −$120 (-12.1%) | $875 – $875 | 1 |
| 2BR | $1,003 | −$22 (-2.2%) | −$352 (-26.0%) | $999 – $1,006 | 2 |
| 2BR | $1,148 | +$123 (+12.0%) | −$207 (-15.3%) | $1,100 – $1,205 | 66 |
| 3BR | $1,500 | +$450 (+42.9%) | −$200 (-11.8%) | $1,500 – $1,500 | 1 |
| 3BR | $1,395 | +$345 (+32.9%) | −$305 (-17.9%) | $1,295 – $1,538 | 75 |
| 4BR | $1,250 | −$411 (-24.7%) | −$411 (-24.7%) | $1,250 – $1,250 | 1 |
| 4BR | $1,650 | −$11 (-0.7%) | −$11 (-0.7%) | $1,550 – $1,850 | 15 |
Median, P25, and P75 are asking rents from listings posted in January 2023. Changes compare against the nearest prior month with data.
Austin vs. Chicago — January 2023
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $830 | $1,061 | −$231 (-21.8%) |
| Studio | $665 | $1,061 | −$396 (-37.3%) |
| 1BR | $995 | $1,350 | −$355 (-26.3%) |
| 1BR | $875 | $1,350 | −$475 (-35.2%) |
| 2BR | $1,003 | $1,698 | −$695 (-40.9%) |
| 2BR | $1,148 | $1,698 | −$550 (-32.4%) |
| 3BR | $1,500 | $2,123 | −$622 (-29.3%) |
| 3BR | $1,395 | $2,123 | −$727 (-34.3%) |
| 4BR | $1,250 | $2,417 | −$1,166 (-48.3%) |
| 4BR | $1,650 | $2,417 | −$766 (-31.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2023.