Monthly Rent Report
Austin Rent Report — July 2023
Asking rents in ZIP 60644, Chicago, from 84 listings.
Median 1BR rent in Austin was $1,125 in July 2023, up 18.4% (+$175) from June 2023 and up 12.5% year-over-year. The middle half of 1BR listings asked between $1,113 and $1,138. That puts Austin $325 below the Chicago citywide 1BR median of $1,450. The month's figures are based on 84 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $675 | $0 (0.0%) | −$45 (-6.3%) | $675 – $675 | 1 |
| Studio | $835 | +$160 (+23.7%) | +$115 (+16.0%) | $810 – $845 | 5 |
| 1BR | $1,125 | +$175 (+18.4%) | +$125 (+12.5%) | $1,113 – $1,138 | 2 |
| 1BR | $955 | +$5 (+0.5%) | −$45 (-4.5%) | $919 – $1,150 | 24 |
| 2BR | $1,050 | −$50 (-4.5%) | +$90 (+9.4%) | $1,050 – $1,050 | 1 |
| 2BR | $1,100 | $0 (0.0%) | +$140 (+14.6%) | $1,100 – $1,100 | 1 |
| 3BR | $1,350 | −$575 (-29.9%) | −$197 (-12.8%) | $1,350 – $1,350 | 1 |
| 3BR | $1,395 | −$530 (-27.5%) | −$152 (-9.9%) | $1,303 – $1,481 | 30 |
| 4BR | $1,661 | +$11 (+0.7%) | +$66 (+4.1%) | $1,600 – $1,800 | 7 |
| 4BR | $2,000 | +$350 (+21.2%) | +$405 (+25.4%) | $2,000 – $2,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Austin vs. Chicago — July 2023
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $675 | $1,200 | −$525 (-43.8%) |
| Studio | $835 | $1,200 | −$365 (-30.4%) |
| 1BR | $1,125 | $1,450 | −$325 (-22.4%) |
| 1BR | $955 | $1,450 | −$495 (-34.1%) |
| 2BR | $1,050 | $1,795 | −$745 (-41.5%) |
| 2BR | $1,100 | $1,795 | −$695 (-38.7%) |
| 3BR | $1,350 | $2,273 | −$922 (-40.6%) |
| 3BR | $1,395 | $2,273 | −$877 (-38.6%) |
| 4BR | $1,661 | $2,709 | −$1,047 (-38.7%) |
| 4BR | $2,000 | $2,709 | −$708 (-26.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2023.