Monthly Rent Report
Austin Rent Report — October 2023
Asking rents in ZIP 60644, Chicago, from 60 listings.
Median 1BR rent in Austin was $950 in October 2023, flat versus September 2023 and down 5.0% year-over-year. The middle half of 1BR listings asked between $950 and $950. That puts Austin $525 below the Chicago citywide 1BR median of $1,475. The month's figures are based on 60 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $825 | +$100 (+13.8%) | $0 (0.0%) | $825 – $825 | 2 |
| Studio | $650 | −$75 (-10.3%) | −$175 (-21.2%) | $650 – $695 | 7 |
| 1BR | $950 | $0 (0.0%) | −$50 (-5.0%) | $950 – $950 | 1 |
| 1BR | $999 | +$49 (+5.2%) | −$1 (-0.1%) | $800 – $1,198 | 8 |
| 2BR | $1,350 | −$50 (-3.6%) | +$243 (+21.9%) | $1,350 – $1,350 | 1 |
| 2BR | $1,500 | +$100 (+7.1%) | +$393 (+35.4%) | $1,500 – $1,500 | 2 |
| 3BR | $1,400 | +$50 (+3.7%) | +$50 (+3.7%) | $1,400 – $1,400 | 1 |
| 3BR | $1,800 | +$450 (+33.3%) | +$450 (+33.3%) | $1,800 – $1,800 | 3 |
| 4BR | $2,162 | — | +$217 (+11.2%) | $1,800 – $2,524 | 4 |
| 4BR | $1,800 | — | −$145 (-7.5%) | $1,800 – $1,800 | 6 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Austin vs. Chicago — October 2023
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $825 | $1,200 | −$375 (-31.3%) |
| Studio | $650 | $1,200 | −$550 (-45.8%) |
| 1BR | $950 | $1,475 | −$525 (-35.6%) |
| 1BR | $999 | $1,475 | −$476 (-32.3%) |
| 2BR | $1,350 | $1,800 | −$450 (-25.0%) |
| 2BR | $1,500 | $1,800 | −$300 (-16.7%) |
| 3BR | $1,400 | $2,450 | −$1,050 (-42.9%) |
| 3BR | $1,800 | $2,450 | −$650 (-26.5%) |
| 4BR | $2,162 | $2,575 | −$413 (-16.0%) |
| 4BR | $1,800 | $2,575 | −$775 (-30.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2023.