What is the average rent in Austin?

As of July 2026, the median asking rent in Austin is $1,550 per month, based on 14 leased listings. By size, the median is $1,438 for a 2 bedroom.

Is Austin more expensive than Chicago overall?

Austin's median asking rent is 39% below the Chicago citywide median of $2,539.

Over the last 90 days, rentals in Austin leased in an average of 24 days, with 30 active listings on the market right now.

Chicago, IL · July 2026 · median asking rents from leased listings

Data through August 2026 · Last updated September 10, 2026 · Next release: early October 2026

Asking rentEffective rent (after concessions)Concession spread

2 bedroom

$1,438

— YoY · as of June 2026

Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Figures suppressed below 10 listings/month. Methodology

Data through August 2026 · Last updated September 10, 2026 · Next release: early October 2026

What is the average rent in Austin?: As of July 2026, the median asking rent in Austin is $1,550 per month, based on 14 leased listings. By size, the median is $1,438 for a 2 bedroom.
Is Austin more expensive than Chicago overall?: Austin's median asking rent is 39% below the Chicago citywide median of $2,539.
How quickly do rentals lease in Austin?: Over the last 90 days, rentals in Austin leased in an average of 24 days, with 30 active listings on the market right now.

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