Monthly Rent Report
Austin Rent Report — June 2024
Asking rents in ZIP 60644, Chicago, from 358 listings.
Median 1BR rent in Austin was $1,050 in June 2024, up 10.5% (+$100) from May 2024 and up 10.5% year-over-year. The middle half of 1BR listings asked between $1,050 and $1,050. That puts Austin $449 below the Chicago citywide 1BR median of $1,499. The month's figures are based on 358 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $775 | +$13 (+1.6%) | +$25 (+3.3%) | $775 – $775 | 1 |
| Studio | $820 | +$58 (+7.5%) | +$70 (+9.3%) | $745 – $820 | 9 |
| 1BR | $1,050 | +$100 (+10.5%) | +$100 (+10.5%) | $1,050 – $1,050 | 1 |
| 1BR | $970 | +$20 (+2.1%) | +$20 (+2.1%) | $925 – $1,075 | 78 |
| 2BR | $1,223 | −$77 (-6.0%) | +$123 (+11.1%) | $1,159 – $1,286 | 2 |
| 2BR | $1,350 | +$50 (+3.8%) | +$250 (+22.7%) | $1,155 – $1,600 | 101 |
| 3BR | $1,315 | −$80 (-5.7%) | −$610 (-31.7%) | $1,245 – $1,483 | 3 |
| 3BR | $1,395 | $0 (0.0%) | −$530 (-27.5%) | $1,295 – $1,750 | 141 |
| 4BR | $1,500 | −$700 (-31.8%) | −$150 (-9.1%) | $1,500 – $1,500 | 1 |
| 4BR | $1,750 | −$450 (-20.5%) | +$100 (+6.1%) | $1,563 – $1,788 | 6 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
Austin vs. Chicago — June 2024
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $775 | $1,149 | −$374 (-32.6%) |
| Studio | $820 | $1,149 | −$329 (-28.6%) |
| 1BR | $1,050 | $1,499 | −$449 (-29.9%) |
| 1BR | $970 | $1,499 | −$529 (-35.3%) |
| 2BR | $1,223 | $1,899 | −$676 (-35.6%) |
| 2BR | $1,350 | $1,899 | −$549 (-28.9%) |
| 3BR | $1,315 | $2,395 | −$1,080 (-45.1%) |
| 3BR | $1,395 | $2,395 | −$1,000 (-41.8%) |
| 4BR | $1,500 | $2,698 | −$1,197 (-44.4%) |
| 4BR | $1,750 | $2,698 | −$947 (-35.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2024.