Monthly Rent Report
Austin Rent Report — January 2024
Asking rents in ZIP 60644, Chicago, from 161 listings.
Median 1BR rent in Austin was $1,065 in January 2024, up 1.4% (+$15) from December 2023 and up 7.0% year-over-year. The middle half of 1BR listings asked between $1,012 and $1,200. That puts Austin $452 below the Chicago citywide 1BR median of $1,517. The month's figures are based on 161 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $900 | +$70 (+8.4%) | +$235 (+35.3%) | $840 – $900 | 9 |
| Studio | $900 | +$70 (+8.4%) | +$235 (+35.3%) | $870 – $900 | 7 |
| 1BR | $1,065 | +$15 (+1.4%) | +$70 (+7.0%) | $1,012 – $1,200 | 30 |
| 1BR | $950 | −$100 (-9.5%) | −$45 (-4.5%) | $950 – $950 | 1 |
| 2BR | $1,250 | −$100 (-7.4%) | +$103 (+8.9%) | $1,175 – $1,325 | 2 |
| 2BR | $1,400 | +$50 (+3.7%) | +$253 (+22.0%) | $1,350 – $1,500 | 58 |
| 3BR | $1,400 | −$95 (-6.4%) | −$100 (-6.7%) | $1,400 – $1,400 | 1 |
| 3BR | $1,600 | +$105 (+7.0%) | +$100 (+6.7%) | $1,395 – $1,795 | 48 |
| 4BR | $1,800 | −$200 (-10.0%) | +$150 (+9.1%) | $1,800 – $1,800 | 1 |
| 4BR | $2,312 | +$312 (+15.6%) | +$662 (+40.1%) | $2,206 – $2,418 | 2 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Austin vs. Chicago — January 2024
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $900 | $1,225 | −$325 (-26.5%) |
| Studio | $900 | $1,225 | −$325 (-26.5%) |
| 1BR | $1,065 | $1,517 | −$452 (-29.8%) |
| 1BR | $950 | $1,517 | −$567 (-37.4%) |
| 2BR | $1,250 | $1,800 | −$550 (-30.6%) |
| 2BR | $1,400 | $1,800 | −$400 (-22.2%) |
| 3BR | $1,400 | $2,300 | −$900 (-39.1%) |
| 3BR | $1,600 | $2,300 | −$700 (-30.4%) |
| 4BR | $1,800 | $2,792 | −$991 (-35.5%) |
| 4BR | $2,312 | $2,792 | −$479 (-17.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2024.