Monthly Rent Report
Austin Rent Report — March 2024
Asking rents in ZIP 60644, Chicago, from 247 listings.
Median 1BR rent in Austin was $1,050 in March 2024, up 18.0% (+$160) from February 2024 and up 10.5% year-over-year. The middle half of 1BR listings asked between $1,050 and $1,050. That puts Austin $455 below the Chicago citywide 1BR median of $1,505. The month's figures are based on 247 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $810 | +$10 (+1.3%) | +$65 (+8.7%) | $725 – $815 | 19 |
| Studio | $800 | $0 (0.0%) | +$55 (+7.4%) | $800 – $800 | 1 |
| 1BR | $1,050 | +$160 (+18.0%) | +$100 (+10.5%) | $1,050 – $1,050 | 1 |
| 1BR | $1,035 | +$145 (+16.3%) | +$85 (+8.9%) | $970 – $1,080 | 65 |
| 2BR | $1,200 | −$20 (-1.6%) | −$100 (-7.7%) | $1,070 – $1,350 | 59 |
| 2BR | $1,390 | +$170 (+13.9%) | +$90 (+6.9%) | $1,390 – $1,390 | 1 |
| 3BR | $1,550 | $0 (0.0%) | −$100 (-6.1%) | $1,550 – $1,550 | 1 |
| 3BR | $1,395 | −$155 (-10.0%) | −$255 (-15.5%) | $1,295 – $1,500 | 73 |
| 4BR | $1,200 | −$479 (-28.5%) | −$150 (-11.1%) | $1,200 – $1,200 | 2 |
| 4BR | $2,400 | +$721 (+42.9%) | +$1,050 (+77.8%) | $2,238 – $2,524 | 8 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Austin vs. Chicago — March 2024
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $810 | $1,225 | −$415 (-33.9%) |
| Studio | $800 | $1,225 | −$425 (-34.7%) |
| 1BR | $1,050 | $1,505 | −$454 (-30.2%) |
| 1BR | $1,035 | $1,505 | −$469 (-31.2%) |
| 2BR | $1,200 | $1,900 | −$700 (-36.8%) |
| 2BR | $1,390 | $1,900 | −$510 (-26.8%) |
| 3BR | $1,550 | $2,250 | −$700 (-31.1%) |
| 3BR | $1,395 | $2,250 | −$855 (-38.0%) |
| 4BR | $1,200 | $2,650 | −$1,450 (-54.7%) |
| 4BR | $2,400 | $2,650 | −$250 (-9.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2024.