Monthly Rent Report
Austin Rent Report — April 2023
Asking rents in ZIP 60644, Chicago, from 355 listings.
Median 1BR rent in Austin was $975 in April 2023, up 2.6% (+$25) from March 2023 and up 8.9% year-over-year. The middle half of 1BR listings asked between $905 and $1,055. That puts Austin $450 below the Chicago citywide 1BR median of $1,425. The month's figures are based on 355 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $750 | +$5 (+0.7%) | −$130 (-14.8%) | $750 – $750 | 1 |
| Studio | $750 | +$5 (+0.7%) | −$130 (-14.8%) | $690 – $825 | 27 |
| 1BR | $975 | +$25 (+2.6%) | +$80 (+8.9%) | $905 – $1,055 | 85 |
| 1BR | $963 | +$13 (+1.3%) | +$68 (+7.5%) | $950 – $975 | 4 |
| 2BR | $1,130 | $0 (0.0%) | +$85 (+8.1%) | $1,074 – $1,264 | 100 |
| 2BR | $1,275 | +$145 (+12.8%) | +$230 (+22.0%) | $1,263 – $1,288 | 2 |
| 3BR | $1,405 | −$57 (-3.9%) | +$55 (+4.1%) | $1,405 – $1,405 | 1 |
| 3BR | $1,525 | +$63 (+4.3%) | +$175 (+13.0%) | $1,295 – $1,600 | 88 |
| 4BR | $1,695 | +$320 (+23.3%) | +$20 (+1.2%) | $1,625 – $1,850 | 32 |
| 4BR | $1,520 | +$145 (+10.5%) | −$155 (-9.3%) | $1,520 – $1,520 | 1 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Austin vs. Chicago — April 2023
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $750 | $1,195 | −$445 (-37.2%) |
| Studio | $750 | $1,195 | −$445 (-37.2%) |
| 1BR | $975 | $1,425 | −$450 (-31.6%) |
| 1BR | $963 | $1,425 | −$462 (-32.5%) |
| 2BR | $1,130 | $1,725 | −$595 (-34.5%) |
| 2BR | $1,275 | $1,725 | −$450 (-26.1%) |
| 3BR | $1,405 | $2,300 | −$895 (-38.9%) |
| 3BR | $1,525 | $2,300 | −$775 (-33.7%) |
| 4BR | $1,695 | $2,597 | −$902 (-34.7%) |
| 4BR | $1,520 | $2,597 | −$1,077 (-41.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2023.