Monthly Rent Report
Austin Rent Report — April 2024
Asking rents in ZIP 60644, Chicago, from 347 listings.
Median 1BR rent in Austin was $1,010 in April 2024, down 3.8% (−$40) from March 2024 and up 4.9% year-over-year. The middle half of 1BR listings asked between $930 and $1,211. That puts Austin $490 below the Chicago citywide 1BR median of $1,500. The month's figures are based on 347 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $740 | −$60 (-7.5%) | −$10 (-1.3%) | $740 – $740 | 1 |
| Studio | $800 | $0 (0.0%) | +$50 (+6.7%) | $650 – $870 | 23 |
| 1BR | $1,010 | −$40 (-3.8%) | +$48 (+4.9%) | $930 – $1,211 | 62 |
| 1BR | $1,060 | +$10 (+1.0%) | +$98 (+10.1%) | $948 – $1,105 | 71 |
| 2BR | $1,400 | +$200 (+16.7%) | +$125 (+9.8%) | $1,205 – $1,500 | 87 |
| 2BR | $1,150 | −$50 (-4.2%) | −$125 (-9.8%) | $1,150 – $1,150 | 1 |
| 3BR | $1,500 | −$50 (-3.2%) | +$95 (+6.8%) | $1,298 – $1,800 | 82 |
| 3BR | $1,180 | −$370 (-23.9%) | −$225 (-16.0%) | $1,180 – $1,180 | 1 |
| 4BR | $2,200 | +$1,000 (+83.3%) | +$680 (+44.7%) | $1,800 – $2,500 | 9 |
| 4BR | $1,500 | +$300 (+25.0%) | −$20 (-1.3%) | $1,500 – $1,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Austin vs. Chicago — April 2024
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $740 | $1,222 | −$482 (-39.4%) |
| Studio | $800 | $1,222 | −$422 (-34.5%) |
| 1BR | $1,010 | $1,500 | −$490 (-32.7%) |
| 1BR | $1,060 | $1,500 | −$440 (-29.3%) |
| 2BR | $1,400 | $1,850 | −$450 (-24.3%) |
| 2BR | $1,150 | $1,850 | −$700 (-37.8%) |
| 3BR | $1,500 | $2,300 | −$800 (-34.8%) |
| 3BR | $1,180 | $2,300 | −$1,120 (-48.7%) |
| 4BR | $2,200 | $2,800 | −$600 (-21.4%) |
| 4BR | $1,500 | $2,800 | −$1,300 (-46.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2024.