Monthly Rent Report
Austin Rent Report — November 2023
Asking rents in ZIP 60644, Chicago, from 198 listings.
Median 1BR rent in Austin was $1,005 in November 2023, up 5.8% (+$55) from October 2023 and up 31.4% year-over-year. The middle half of 1BR listings asked between $950 and $1,070. That puts Austin $499 below the Chicago citywide 1BR median of $1,504. The month's figures are based on 198 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $790 | +$140 (+21.5%) | +$15 (+1.9%) | $701 – $834 | 46 |
| Studio | $685 | +$35 (+5.4%) | −$90 (-11.6%) | $685 – $685 | 1 |
| 1BR | $1,005 | +$55 (+5.8%) | +$240 (+31.4%) | $950 – $1,070 | 107 |
| 1BR | $950 | $0 (0.0%) | +$185 (+24.2%) | $950 – $950 | 1 |
| 2BR | $1,600 | +$100 (+6.7%) | +$488 (+43.8%) | $1,500 – $1,600 | 9 |
| 2BR | $983 | −$517 (-34.5%) | −$130 (-11.7%) | $969 – $996 | 2 |
| 3BR | $1,300 | −$100 (-7.1%) | −$250 (-16.1%) | $1,300 – $1,300 | 1 |
| 3BR | $1,550 | +$150 (+10.7%) | $0 (0.0%) | $1,500 – $1,600 | 4 |
| 4BR | $1,800 | −$362 (-16.7%) | +$300 (+20.0%) | $1,675 – $2,400 | 15 |
| 4BR | $1,800 | −$362 (-16.7%) | +$300 (+20.0%) | $1,800 – $1,800 | 3 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Austin vs. Chicago — November 2023
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $790 | $1,160 | −$370 (-31.9%) |
| Studio | $685 | $1,160 | −$475 (-40.9%) |
| 1BR | $1,005 | $1,504 | −$498 (-33.2%) |
| 1BR | $950 | $1,504 | −$553 (-36.8%) |
| 2BR | $1,600 | $1,800 | −$200 (-11.1%) |
| 2BR | $983 | $1,800 | −$817 (-45.4%) |
| 3BR | $1,300 | $2,298 | −$997 (-43.4%) |
| 3BR | $1,550 | $2,298 | −$747 (-32.5%) |
| 4BR | $1,800 | $2,750 | −$950 (-34.5%) |
| 4BR | $1,800 | $2,750 | −$950 (-34.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2023.