Monthly Rent Report
Austin Rent Report — March 2023
Asking rents in ZIP 60644, Chicago, from 318 listings.
Median 1BR rent in Austin was $950 in March 2023, flat versus February 2023 and up 5.6% year-over-year. The middle half of 1BR listings asked between $950 and $950. That puts Austin $446 below the Chicago citywide 1BR median of $1,396. The month's figures are based on 318 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $745 | −$35 (-4.5%) | +$145 (+24.2%) | $658 – $798 | 28 |
| Studio | $660 | −$120 (-15.4%) | +$60 (+10.0%) | $660 – $660 | 2 |
| 1BR | $950 | $0 (0.0%) | +$50 (+5.6%) | $950 – $950 | 1 |
| 1BR | $925 | −$25 (-2.6%) | +$25 (+2.8%) | $863 – $1,035 | 71 |
| 2BR | $1,300 | +$200 (+18.2%) | +$300 (+30.0%) | $1,200 – $1,325 | 3 |
| 2BR | $1,130 | +$30 (+2.7%) | +$130 (+13.0%) | $995 – $1,250 | 89 |
| 3BR | $1,650 | +$450 (+37.5%) | +$300 (+22.2%) | $1,650 – $1,650 | 1 |
| 3BR | $1,463 | +$263 (+21.9%) | +$113 (+8.3%) | $1,295 – $1,650 | 104 |
| 4BR | $1,375 | −$175 (-11.3%) | −$275 (-16.7%) | $1,350 – $1,500 | 8 |
| 4BR | $1,350 | −$200 (-12.9%) | −$300 (-18.2%) | $1,350 – $1,500 | 11 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Austin vs. Chicago — March 2023
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $745 | $1,204 | −$459 (-38.1%) |
| Studio | $660 | $1,204 | −$544 (-45.2%) |
| 1BR | $950 | $1,396 | −$446 (-32.0%) |
| 1BR | $925 | $1,396 | −$471 (-33.8%) |
| 2BR | $1,300 | $1,698 | −$397 (-23.4%) |
| 2BR | $1,130 | $1,698 | −$567 (-33.4%) |
| 3BR | $1,650 | $2,200 | −$550 (-25.0%) |
| 3BR | $1,463 | $2,200 | −$737 (-33.5%) |
| 4BR | $1,375 | $2,444 | −$1,069 (-43.7%) |
| 4BR | $1,350 | $2,444 | −$1,094 (-44.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2023.