Monthly Rent Report
Austin Rent Report — October 2024
Asking rents in ZIP 60644, Chicago, from 28 listings.
Median 1BR rent in Austin was $1,150 in October 2024, up 16.2% (+$160) from September 2024 and up 15.1% year-over-year. The middle half of 1BR listings asked between $1,150 and $1,150. That puts Austin $287 below the Chicago citywide 1BR median of $1,437. The month's figures are based on 28 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $925 | +$175 (+23.3%) | +$100 (+12.1%) | $925 – $925 | 1 |
| 1BR | $1,150 | +$160 (+16.2%) | +$151 (+15.1%) | $1,150 – $1,150 | 1 |
| 1BR | $1,000 | +$10 (+1.0%) | +$1 (+0.1%) | $900 – $1,050 | 11 |
| 2BR | $3,550 | +$2,545 (+253.2%) | +$2,050 (+136.7%) | $3,550 – $3,550 | 1 |
| 2BR | $1,065 | +$60 (+6.0%) | −$435 (-29.0%) | $1,028 – $1,075 | 7 |
| 3BR | $2,249 | +$799 (+55.1%) | +$849 (+60.6%) | $2,249 – $2,249 | 1 |
| 3BR | $1,900 | +$450 (+31.0%) | +$500 (+35.7%) | $1,750 – $1,900 | 3 |
| 4BR | $1,200 | −$800 (-40.0%) | −$600 (-33.3%) | $1,200 – $1,200 | 2 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Austin vs. Chicago — October 2024
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $925 | $1,298 | −$372 (-28.7%) |
| 1BR | $1,150 | $1,437 | −$286 (-19.9%) |
| 1BR | $1,000 | $1,437 | −$436 (-30.4%) |
| 2BR | $3,550 | $1,770 | +$1,781 (+100.6%) |
| 2BR | $1,065 | $1,770 | −$704 (-39.8%) |
| 3BR | $2,249 | $2,305 | −$56 (-2.4%) |
| 3BR | $1,900 | $2,305 | −$405 (-17.6%) |
| 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 October 2024.