Monthly Rent Report
Austin Rent Report — February 2024
Asking rents in ZIP 60644, Chicago, from 346 listings.
Median 1BR rent in Austin was $890 in February 2024, down 16.4% (−$175) from January 2024 and down 6.3% year-over-year. The middle half of 1BR listings asked between $890 and $890. That puts Austin $610 below the Chicago citywide 1BR median of $1,500. The month's figures are based on 346 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $800 | −$100 (-11.1%) | +$100 (+14.3%) | $750 – $830 | 38 |
| Studio | $850 | −$50 (-5.6%) | +$150 (+21.4%) | $850 – $850 | 1 |
| 1BR | $890 | −$175 (-16.4%) | −$60 (-6.3%) | $890 – $890 | 1 |
| 1BR | $1,040 | −$25 (-2.3%) | +$90 (+9.5%) | $980 – $1,100 | 91 |
| 2BR | $1,250 | −$150 (-10.7%) | +$150 (+13.6%) | $1,200 – $1,250 | 5 |
| 2BR | $1,220 | −$180 (-12.9%) | +$120 (+10.9%) | $1,100 – $1,400 | 89 |
| 3BR | $1,650 | +$250 (+17.9%) | +$350 (+26.9%) | $1,650 – $1,650 | 1 |
| 3BR | $1,550 | +$150 (+10.7%) | +$250 (+19.2%) | $1,295 – $1,700 | 99 |
| 4BR | $1,500 | −$812 (-35.1%) | −$50 (-3.2%) | $1,500 – $1,500 | 2 |
| 4BR | $1,679 | −$633 (-27.4%) | +$129 (+8.3%) | $1,550 – $1,900 | 12 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Austin vs. Chicago — February 2024
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $800 | $1,211 | −$411 (-34.0%) |
| Studio | $850 | $1,211 | −$361 (-29.8%) |
| 1BR | $890 | $1,500 | −$610 (-40.7%) |
| 1BR | $1,040 | $1,500 | −$460 (-30.7%) |
| 2BR | $1,250 | $1,813 | −$562 (-31.0%) |
| 2BR | $1,220 | $1,813 | −$592 (-32.7%) |
| 3BR | $1,650 | $2,300 | −$650 (-28.3%) |
| 3BR | $1,550 | $2,300 | −$750 (-32.6%) |
| 4BR | $1,500 | $2,792 | −$1,291 (-46.3%) |
| 4BR | $1,679 | $2,792 | −$1,112 (-39.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2024.