Monthly Rent Report
Austin Rent Report — July 2024
Asking rents in ZIP 60644, Chicago, from 135 listings.
Median 1BR rent in Austin was $1,150 in July 2024, up 9.5% (+$100) from June 2024 and up 2.2% year-over-year. The middle half of 1BR listings asked between $1,150 and $1,150. That puts Austin $410 below the Chicago citywide 1BR median of $1,560. The month's figures are based on 135 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $883 | +$108 (+13.9%) | +$48 (+5.7%) | $861 – $893 | 8 |
| Studio | $725 | −$50 (-6.5%) | −$110 (-13.2%) | $725 – $725 | 1 |
| 1BR | $1,150 | +$100 (+9.5%) | +$25 (+2.2%) | $1,150 – $1,150 | 1 |
| 1BR | $1,050 | $0 (0.0%) | −$75 (-6.7%) | $944 – $1,055 | 28 |
| 2BR | $1,163 | −$187 (-13.9%) | +$113 (+10.7%) | $1,100 – $1,296 | 34 |
| 2BR | $1,250 | −$100 (-7.4%) | +$200 (+19.0%) | $1,250 – $1,250 | 1 |
| 3BR | $1,330 | −$65 (-4.7%) | −$20 (-1.5%) | $1,295 – $1,395 | 56 |
| 3BR | $1,700 | +$305 (+21.9%) | +$350 (+25.9%) | $1,700 – $1,700 | 2 |
| 4BR | $1,200 | −$300 (-20.0%) | −$800 (-40.0%) | $1,200 – $1,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Austin vs. Chicago — July 2024
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $883 | $1,218 | −$336 (-27.6%) |
| Studio | $725 | $1,218 | −$493 (-40.5%) |
| 1BR | $1,150 | $1,560 | −$410 (-26.3%) |
| 1BR | $1,050 | $1,560 | −$510 (-32.7%) |
| 2BR | $1,163 | $1,805 | −$642 (-35.6%) |
| 2BR | $1,250 | $1,805 | −$555 (-30.7%) |
| 3BR | $1,330 | $2,363 | −$1,032 (-43.7%) |
| 3BR | $1,700 | $2,363 | −$662 (-28.0%) |
| 4BR | $1,200 | $2,789 | −$1,589 (-57.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2024.