Monthly Rent Report
Austin Rent Report — August 2024
Asking rents in ZIP 60644, Chicago, from 10 listings.
Median 1BR rent in Austin was $893 in August 2024, down 15.0% (−$157) from July 2024 and up 11.6% year-over-year. The middle half of 1BR listings asked between $883 and $913. That puts Austin $646 below the Chicago citywide 1BR median of $1,538. The month's figures are based on 10 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $755 | +$30 (+4.1%) | +$55 (+7.9%) | $755 – $755 | 1 |
| 1BR | $893 | −$157 (-15.0%) | +$93 (+11.6%) | $883 – $913 | 4 |
| 2BR | $1,075 | −$87 (-7.5%) | −$25 (-2.3%) | $1,075 – $1,075 | 1 |
| 3BR | $1,750 | +$420 (+31.6%) | +$355 (+25.4%) | $1,750 – $1,750 | 1 |
| 3BR | $1,700 | +$370 (+27.8%) | +$305 (+21.9%) | $1,700 – $1,700 | 1 |
| 4BR | $1,200 | $0 (0.0%) | −$600 (-33.3%) | $1,200 – $1,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Austin vs. Chicago — August 2024
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $755 | $1,190 | −$435 (-36.6%) |
| 1BR | $893 | $1,538 | −$645 (-42.0%) |
| 2BR | $1,075 | $1,823 | −$747 (-41.0%) |
| 3BR | $1,750 | $2,300 | −$550 (-23.9%) |
| 3BR | $1,700 | $2,300 | −$600 (-26.1%) |
| 4BR | $1,200 | $2,995 | −$1,795 (-59.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2024.