Monthly Rent Report
Austin Rent Report — February 2023
Asking rents in ZIP 60644, Chicago, from 316 listings.
Median 1BR rent in Austin was $950 in February 2023, down 4.5% (−$45) from January 2023 and down 5.5% year-over-year. The middle half of 1BR listings asked between $900 and $998. That puts Austin $450 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 316 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $700 | +$35 (+5.3%) | +$65 (+10.2%) | $698 – $700 | 4 |
| Studio | $780 | +$115 (+17.3%) | +$145 (+22.8%) | $750 – $825 | 29 |
| 1BR | $950 | −$45 (-4.5%) | −$55 (-5.5%) | $900 – $998 | 87 |
| 1BR | $950 | −$45 (-4.5%) | −$55 (-5.5%) | $775 – $1,025 | 3 |
| 2BR | $1,100 | −$47 (-4.1%) | −$200 (-15.4%) | $1,025 – $1,100 | 3 |
| 2BR | $1,100 | −$47 (-4.1%) | −$200 (-15.4%) | $995 – $1,200 | 79 |
| 3BR | $1,200 | −$195 (-14.0%) | −$461 (-27.8%) | $1,200 – $1,200 | 1 |
| 3BR | $1,300 | −$95 (-6.8%) | −$361 (-21.7%) | $1,295 – $1,550 | 91 |
| 4BR | $1,695 | +$45 (+2.7%) | — | $1,586 – $1,921 | 14 |
| 4BR | $1,550 | −$100 (-6.1%) | — | $1,550 – $1,945 | 5 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Austin vs. Chicago — February 2023
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $700 | $1,149 | −$449 (-39.1%) |
| Studio | $780 | $1,149 | −$369 (-32.1%) |
| 1BR | $950 | $1,400 | −$450 (-32.1%) |
| 1BR | $950 | $1,400 | −$450 (-32.1%) |
| 2BR | $1,100 | $1,695 | −$595 (-35.1%) |
| 2BR | $1,100 | $1,695 | −$595 (-35.1%) |
| 3BR | $1,200 | $2,188 | −$987 (-45.1%) |
| 3BR | $1,300 | $2,188 | −$887 (-40.6%) |
| 4BR | $1,695 | $2,393 | −$697 (-29.2%) |
| 4BR | $1,550 | $2,393 | −$842 (-35.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2023.