Monthly Rent Report
Austin Rent Report — September 2023
Asking rents in ZIP 60644, Chicago, from 37 listings.
Median 1BR rent in Austin was $1,015 in September 2023, up 26.9% (+$215) from August 2023 and up 26.9% year-over-year. The middle half of 1BR listings asked between $950 and $1,250. That puts Austin $435 below the Chicago citywide 1BR median of $1,450. The month's figures are based on 37 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $725 | +$28 (+3.9%) | −$162 (-18.3%) | $650 – $871 | 12 |
| 1BR | $1,015 | +$215 (+26.9%) | +$215 (+26.9%) | $950 – $1,250 | 5 |
| 1BR | $950 | +$150 (+18.8%) | +$150 (+18.8%) | $950 – $950 | 1 |
| 2BR | $1,025 | −$325 (-24.1%) | −$575 (-35.9%) | $988 – $1,063 | 2 |
| 2BR | $1,400 | +$50 (+3.7%) | −$200 (-12.5%) | $1,288 – $1,400 | 10 |
| 3BR | $1,300 | −$95 (-6.8%) | −$225 (-14.8%) | $1,300 – $1,300 | 1 |
| 3BR | $1,350 | −$45 (-3.2%) | −$175 (-11.5%) | $1,350 – $1,350 | 6 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Austin vs. Chicago — September 2023
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $725 | $1,238 | −$512 (-41.4%) |
| 1BR | $1,015 | $1,450 | −$435 (-30.0%) |
| 1BR | $950 | $1,450 | −$500 (-34.5%) |
| 2BR | $1,025 | $1,738 | −$712 (-41.0%) |
| 2BR | $1,400 | $1,738 | −$337 (-19.4%) |
| 3BR | $1,300 | $2,327 | −$1,027 (-44.1%) |
| 3BR | $1,350 | $2,327 | −$977 (-42.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2023.