Monthly Rent Report
Austin Rent Report — December 2024
Asking rents in ZIP 60644, Chicago, from 59 listings.
Median 1BR rent in Austin was $950 in December 2024, down 20.8% (−$250) from November 2024 and unchanged year-over-year. The middle half of 1BR listings asked between $950 and $973. That puts Austin $700 below the Chicago citywide 1BR median of $1,650. The month's figures are based on 59 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2024 | Vs. December 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $725 | −$285 (-28.2%) | −$25 (-3.3%) | $725 – $725 | 1 |
| Studio | $763 | −$247 (-24.5%) | +$13 (+1.7%) | $744 – $781 | 2 |
| 1BR | $950 | −$250 (-20.8%) | $0 (0.0%) | $950 – $973 | 3 |
| 1BR | $960 | −$240 (-20.0%) | +$10 (+1.1%) | $960 – $960 | 8 |
| 2BR | $1,400 | +$363 (+34.9%) | +$200 (+16.7%) | $1,150 – $1,860 | 17 |
| 2BR | $1,100 | +$63 (+6.0%) | −$100 (-8.3%) | $1,100 – $1,100 | 1 |
| 3BR | $2,250 | +$550 (+32.4%) | +$755 (+50.5%) | $2,250 – $2,250 | 1 |
| 3BR | $1,700 | $0 (0.0%) | +$205 (+13.7%) | $1,600 – $2,137 | 6 |
| 4BR | $2,500 | +$700 (+38.9%) | +$500 (+25.0%) | $2,225 – $2,900 | 15 |
| 4BR | $2,500 | +$700 (+38.9%) | +$500 (+25.0%) | $2,500 – $2,700 | 3 |
Median, P25, and P75 are asking rents from listings posted in December 2024. Changes compare against the nearest prior month with data.
Austin vs. Chicago — December 2024
| Bedrooms | Austin Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $725 | $1,385 | −$660 (-47.7%) |
| Studio | $763 | $1,385 | −$622 (-44.9%) |
| 1BR | $950 | $1,650 | −$700 (-42.4%) |
| 1BR | $960 | $1,650 | −$690 (-41.8%) |
| 2BR | $1,400 | $1,953 | −$552 (-28.3%) |
| 2BR | $1,100 | $1,953 | −$852 (-43.7%) |
| 3BR | $2,250 | $2,395 | −$145 (-6.1%) |
| 3BR | $1,700 | $2,395 | −$695 (-29.0%) |
| 4BR | $2,500 | $2,850 | −$350 (-12.3%) |
| 4BR | $2,500 | $2,850 | −$350 (-12.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2024.