Average Rent in Austin, Chicago, IL

Current Versus Historical Austin, Chicago, IL Rents

Austin rentals average $0 for a studio rental to $2,952 for a 4-bedroom rental. The median price of all currently available listings is $1,350, or roughly $1 per square feet.

For the apartment units and housing in April 2024, median rents have risen over the last year. Studio rentals prices have decreased by $171 (-18.65%) year-over-year from $916 to $745. 1-bedroom rentals prices have increased by $58 (6.23%) year-over-year from $937 to $995. 2-bedroom rentals prices have increased by $33 (2.74%) year-over-year from $1,217 to $1,250. 3-bedroom rentals prices have increased by $26 (1.81%) year-over-year from $1,424 to $1,450. 4-bedroom rentals prices have increased by $910 (45.73%) year-over-year from $1,990 to $2,900. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 5.20% this month. 1-bedroom rents have gone down by 0.75% this month. 2-bedroom rents have gone up by 2.81% this month. 3-bedroom rents have gone down by 12.96% this month. 4-bedroom rents have gone up by 35.94% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$1.42	$995	$937 (6.23%)	$844 (17.87%)
2 BR	$1.57	$1,250	$1,217 (2.74%)	$978 (27.77%)
3 BR	$1.55	$1,450	$1,424 (1.81%)	$1,300 (11.54%)
4+ BR	$1.32	$2,900	$1,990 (45.73%)	$1,658 (74.87%)

Historical Rents in Austin, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Austin

There are a total of 6 cities nearby Austin. The average rent in Austin is currently $2,225 per month. Our records show that Evanston, IL, with an average rent of $1,955, is the most affordable city nearby. In contrast, the most expensive city near Austin, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,850 per month.

Let's compare Austin, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 91.11% more affordable. Two bedrooms in Austin, Chicago, IL are about 69.81% more affordable. Finally, rent for three bedrooms are about 52.68% more affordable. Want more information? Check out the top 6 cities near Austin, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Evanston, IL	$1,185	$1,650	$2,150	$1,955
Chicago, IL	$1,350	$1,790	$2,300	$2,035
Schaumburg, IL	N/A	$1,995	$2,350	$2,100
Wheaton, IL	N/A	$1,965	$2,350	$2,350
Aurora, IL	N/A	$1,300	$2,000	$2,373
Naperville, IL	N/A	$1,650	$2,200	$2,850

Top Neighborhoods Near Austin

There are a total of 13 neighborhoods in or near Austin. Some of these neighborhoods include Edgewater, Uptown, and Rogers Park. We've included all of these top 13 neighborhoods in or near Austin, Chicago, IL in the following chart.

The average rent for these 13 neighborhoods in or near Austin, Chicago, IL is currently around $1,850 per month. Meaning, only thirteen neighborhoods have a higher average rent than $1,850. Interestingly, the neighborhoods' average rent is higher than Austin's average rent, which is only $1,350. Out of all the neighborhoods in or near Austin, Edgewater has the most affordable average rent at $1,550 per month. Whereas, at $2,809 average rent per month, South Loop is the most expensive neighborhood in or near Austin. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Edgewater, Chicago, IL	$1,120	$1,550	$2,200	$1,550
Uptown, Chicago, IL	$1,100	$1,600	$2,595	$1,600
Rogers Park, Chicago, IL	$1,125	$1,375	$1,850	$1,600
Ravenswood, Chicago, IL	$1,210	$1,595	$2,650	$1,648
West Rogers Park, Chicago, IL	$1,200	$1,350	$1,800	$1,698
Albany Park, Chicago, IL	$1,048	$1,420	$1,925	$1,800
Lincoln Park, Chicago, IL	$1,390	$1,875	$2,795	$1,850
Logan Square, Chicago, IL	$1,250	$1,795	$2,000	$1,895
Lakeview, Chicago, IL	$1,345	$1,895	$2,590	$2,095
Hyde Park, Chicago, IL	$1,250	$1,695	$1,899	$2,325
DePaul, Chicago, IL	$1,665	$2,290	$2,400	$2,395
Near North Side, Chicago, IL	$1,855	$2,399	$3,500	$2,569
South Loop, Chicago, IL	$1,575	$2,248	$3,000	$2,809

Top Counties Near Austin

There are a total of 13 counties located by Austin, Chicago, IL. Some of these counties include Evanston, IL, Chicago, IL, and Schaumburg, IL. The average rent for rentals in these counties is $2,141. That's roughly around $2 per sqft. The county that is the most affordable is Evanston, IL. It's average rent per month is $1,955. Vice versa, with an average rent of $2,700, Naperville, IL is the most expensive county by Austin, Chicago, IL.

In comparison, rent for one bedroom listings in Austin, Chicago, IL is 101.00% more affordable than other counties nearby. Finally, rent for two bedrooms in Austin, Chicago, IL is 69.81% more affordable than other counties nearby. We've listed the top 6 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Evanston, IL	$1,185	$1,650	$2,150	$1,955
Chicago, IL	$1,350	$1,790	$2,300	$2,035
Schaumburg, IL	N/A	$1,995	$2,350	$2,093
Downers Grove, IL	N/A	$1,828	$2,200	$2,188
Milton, IL	N/A	$1,965	$2,320	$2,350
Naperville, IL	N/A	$1,663	$2,200	$2,700

Top Zipcodes Near Austin

There are a total of 20 zipcodes in or near Austin, Chicago, IL. The average rent for all of these zipcodes is $2,030.

The following chart includes the top 10 zipcodes in Austin, Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60641, Chicago, IL	$1,050	$1,300	$1,725	$1,550
60647, Chicago, IL	$1,250	$1,845	$2,123	$2,000
60622, Chicago, IL	$1,893	$2,100	$2,438	$2,438
60618, Chicago, IL	$1,300	$1,488	$1,920	$1,950
60642, Chicago, IL	$1,929	$2,300	$2,850	$2,700
60608, Chicago, IL	N/A	$1,375	$1,850	$2,013
60614, Chicago, IL	$1,660	$2,295	$2,873	$2,390
60654, Chicago, IL	$1,945	$2,500	$3,500	$2,500
60625, Chicago, IL	$1,100	$1,495	$2,100	$1,650
60657, Chicago, IL	$1,345	$1,900	$2,625	$2,077

Frequently Asked Questions - Austin Average Rents

What is the average rent price in Austin, Chicago, IL?

The average monthly rental price for Austin, Chicago, IL apartments for rent is approximately $1,350. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Austin, Chicago, IL rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Austin, Chicago, IL.

How much is a studio apartment in Austin, Chicago, IL?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 1 studio apartment listings currently available for rent in Austin.

How much is a one bedroom apartment in Austin, Chicago, IL?

The average monthly rental price for one bedroom apartments is $900 and an average price per square feet of $1.42. There are a total of 4 one bedroom apartment listings currently available for rent in Austin.

How much is a two bedroom apartment in Austin, Chicago, IL?

The average monthly rental price for two bedroom apartments is $1,325 and an average price per square feet of $1.57. There are a total of 6 two bedroom apartment listings currently available for rent in Austin.

How have rent prices in Austin, Chicago, IL changed this year?

Rent prices for rentals in Austin, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by -0.19%, one bedroom rental prices have changed by 0.06%, two bedroom rental prices have changed by 0.03%, and three bedroom rental prices have changed by 0.02% year-over-year.

What is a reasonable rent price in Austin, Chicago, IL?

A reasonable rent price in Austin, Chicago, IL is around $1,080/month. You can search for these reasonably priced rental listings on RentHop.