Monthly Rent Report
Austin Rent Report — November 2024
Asking rents in ZIP 60644, Chicago, from 40 listings.
Median 1BR rent in Austin was $1,200 in November 2024, up 4.3% (+$50) from October 2024 and up 26.3% year-over-year. The middle half of 1BR listings asked between $1,138 and $1,263. That puts Austin $375 below the Chicago citywide 1BR median of $1,575. The month's figures are based on 40 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2024 | Vs. November 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,010 | +$85 (+9.2%) | +$220 (+27.8%) | $826 – $1,318 | 4 |
| 1BR | $1,200 | +$50 (+4.3%) | +$250 (+26.3%) | $1,138 – $1,263 | 2 |
| 1BR | $1,150 | $0 (0.0%) | +$200 (+21.1%) | $1,150 – $1,150 | 6 |
| 2BR | $1,038 | −$27 (-2.6%) | +$55 (+5.6%) | $1,006 – $1,069 | 2 |
| 2BR | $1,325 | +$260 (+24.4%) | +$343 (+34.9%) | $1,063 – $1,438 | 6 |
| 3BR | $1,700 | −$200 (-10.5%) | +$400 (+30.8%) | $1,650 – $1,700 | 8 |
| 3BR | $1,600 | −$300 (-15.8%) | +$300 (+23.1%) | $1,600 – $1,600 | 1 |
| 4BR | $1,800 | +$600 (+50.0%) | $0 (0.0%) | $1,800 – $1,800 | 2 |
| 4BR | $1,800 | +$600 (+50.0%) | $0 (0.0%) | $1,800 – $1,975 | 7 |
Median, P25, and P75 are asking rents from listings posted in November 2024. Changes compare against the nearest prior month with data.
Austin vs. Chicago — November 2024
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,010 | $1,292 | −$282 (-21.8%) |
| 1BR | $1,200 | $1,575 | −$375 (-23.8%) |
| 1BR | $1,150 | $1,575 | −$425 (-27.0%) |
| 2BR | $1,038 | $1,945 | −$907 (-46.7%) |
| 2BR | $1,325 | $1,945 | −$620 (-31.9%) |
| 3BR | $1,700 | $2,200 | −$500 (-22.7%) |
| 3BR | $1,600 | $2,200 | −$600 (-27.3%) |
| 4BR | $1,800 | $2,990 | −$1,190 (-39.8%) |
| 4BR | $1,800 | $2,990 | −$1,190 (-39.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2024.