Monthly Rent Report
Austin Rent Report — December 2023
Asking rents in ZIP 60644, Chicago, from 120 listings.
Median 1BR rent in Austin was $1,050 in December 2023, up 4.5% (+$45) from November 2023 and up 5.8% year-over-year. The middle half of 1BR listings asked between $1,050 and $1,050. That puts Austin $405 below the Chicago citywide 1BR median of $1,455. The month's figures are based on 120 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $750 | +$65 (+9.5%) | $0 (0.0%) | $750 – $750 | 1 |
| Studio | $830 | +$145 (+21.2%) | +$80 (+10.7%) | $795 – $865 | 37 |
| 1BR | $1,050 | +$45 (+4.5%) | +$58 (+5.8%) | $1,050 – $1,050 | 5 |
| 1BR | $950 | −$55 (-5.5%) | −$42 (-4.3%) | $950 – $950 | 1 |
| 2BR | $1,350 | +$368 (+37.4%) | +$325 (+31.7%) | $1,350 – $1,350 | 7 |
| 2BR | $1,200 | +$218 (+22.1%) | +$175 (+17.1%) | $1,150 – $1,250 | 2 |
| 3BR | $1,825 | +$275 (+17.7%) | +$233 (+14.6%) | $1,638 – $2,013 | 2 |
| 3BR | $1,495 | −$55 (-3.5%) | −$97 (-6.1%) | $1,210 – $1,679 | 34 |
| 4BR | $1,775 | −$25 (-1.4%) | +$114 (+6.9%) | $1,595 – $2,250 | 17 |
| 4BR | $2,000 | +$200 (+11.1%) | +$339 (+20.4%) | $2,000 – $2,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Austin vs. Chicago — December 2023
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $750 | $1,218 | −$467 (-38.4%) |
| Studio | $830 | $1,218 | −$387 (-31.8%) |
| 1BR | $1,050 | $1,455 | −$405 (-27.8%) |
| 1BR | $950 | $1,455 | −$505 (-34.7%) |
| 2BR | $1,350 | $1,800 | −$450 (-25.0%) |
| 2BR | $1,200 | $1,800 | −$600 (-33.3%) |
| 3BR | $1,825 | $2,472 | −$647 (-26.2%) |
| 3BR | $1,495 | $2,472 | −$977 (-39.5%) |
| 4BR | $1,775 | $2,630 | −$855 (-32.5%) |
| 4BR | $2,000 | $2,630 | −$630 (-24.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2023.