Monthly Rent Report
Austin Rent Report — June 2023
Asking rents in ZIP 60644, Chicago, from 277 listings.
Median 1BR rent in Austin was $950 in June 2023, down 4.5% (−$45) from May 2023 and up 3.0% year-over-year. The middle half of 1BR listings asked between $950 and $950. That puts Austin $450 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 277 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $675 | −$75 (-10.0%) | $0 (0.0%) | $675 – $675 | 1 |
| Studio | $750 | $0 (0.0%) | +$75 (+11.1%) | $691 – $835 | 14 |
| 1BR | $950 | −$45 (-4.5%) | +$28 (+3.0%) | $950 – $950 | 1 |
| 1BR | $950 | −$45 (-4.5%) | +$28 (+3.0%) | $900 – $1,020 | 49 |
| 2BR | $1,100 | $0 (0.0%) | −$175 (-13.7%) | $1,100 – $1,100 | 3 |
| 2BR | $1,165 | +$65 (+5.9%) | −$110 (-8.6%) | $1,090 – $1,350 | 89 |
| 3BR | $1,395 | $0 (0.0%) | +$343 (+32.5%) | $1,295 – $1,524 | 95 |
| 3BR | $1,925 | +$530 (+38.0%) | +$873 (+82.9%) | $1,788 – $2,063 | 2 |
| 4BR | $1,673 | −$5 (-0.3%) | −$22 (-1.3%) | $1,650 – $2,050 | 12 |
| 4BR | $1,650 | −$28 (-1.7%) | −$45 (-2.7%) | $1,650 – $1,650 | 3 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Austin vs. Chicago — June 2023
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $675 | $1,243 | −$567 (-45.7%) |
| Studio | $750 | $1,243 | −$492 (-39.6%) |
| 1BR | $950 | $1,400 | −$450 (-32.1%) |
| 1BR | $950 | $1,400 | −$450 (-32.1%) |
| 2BR | $1,100 | $1,700 | −$600 (-35.3%) |
| 2BR | $1,165 | $1,700 | −$535 (-31.5%) |
| 3BR | $1,395 | $2,275 | −$880 (-38.7%) |
| 3BR | $1,925 | $2,275 | −$350 (-15.4%) |
| 4BR | $1,673 | $2,500 | −$827 (-33.1%) |
| 4BR | $1,650 | $2,500 | −$850 (-34.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2023.