Monthly Rent Report
Austin Rent Report — September 2024
Asking rents in ZIP 60644, Chicago, from 21 listings.
Median 1BR rent in Austin was $980 in September 2024, up 9.8% (+$88) from August 2024 and up 3.2% year-over-year. The middle half of 1BR listings asked between $980 and $980. That puts Austin $515 below the Chicago citywide 1BR median of $1,495. The month's figures are based on 21 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2024 | Vs. September 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $750 | −$5 (-0.7%) | +$25 (+3.4%) | $750 – $750 | 1 |
| 1BR | $980 | +$88 (+9.8%) | +$30 (+3.2%) | $980 – $980 | 2 |
| 1BR | $990 | +$98 (+10.9%) | +$40 (+4.2%) | $990 – $990 | 1 |
| 2BR | $1,005 | −$70 (-6.5%) | −$20 (-2.0%) | $978 – $1,033 | 2 |
| 3BR | $1,900 | +$200 (+11.8%) | +$600 (+46.2%) | $1,900 – $1,900 | 5 |
| 3BR | $1,450 | −$250 (-14.7%) | +$150 (+11.5%) | $1,450 – $1,450 | 3 |
| 4BR | $2,000 | +$800 (+66.7%) | — | $1,688 – $2,131 | 4 |
Median, P25, and P75 are asking rents from listings posted in September 2024. Changes compare against the nearest prior month with data.
Austin vs. Chicago — September 2024
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $750 | $1,195 | −$445 (-37.2%) |
| 1BR | $980 | $1,495 | −$515 (-34.4%) |
| 1BR | $990 | $1,495 | −$505 (-33.8%) |
| 2BR | $1,005 | $1,843 | −$837 (-45.5%) |
| 3BR | $1,900 | $2,350 | −$450 (-19.1%) |
| 3BR | $1,450 | $2,350 | −$900 (-38.3%) |
| 4BR | $2,000 | $2,750 | −$750 (-27.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2024.