What is the average rent in Austin?

As of August 2026, the median asking rent in Austin is $1,500 per month, based on 11 leased listings. By size, the median is $1,400 for a 2 bedroom.

Is Austin more expensive than Chicago overall?

Austin's median asking rent is 40% below the Chicago citywide median of $2,500.

Over the last 90 days, rentals in Austin leased in an average of 22 days, with 25 active listings on the market right now.

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

Data through September 2026 · Last updated October 7, 2026 · Next release: early November 2026

Asking rentEffective rent (after concessions)Concession spread

2 bedroom

$1,400

— YoY · as of June 2026

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

Data through September 2026 · Last updated October 7, 2026 · Next release: early November 2026

What is the average rent in Austin?: As of August 2026, the median asking rent in Austin is $1,500 per month, based on 11 leased listings. By size, the median is $1,400 for a 2 bedroom.
Is Austin more expensive than Chicago overall?: Austin's median asking rent is 40% below the Chicago citywide median of $2,500.
How quickly do rentals lease in Austin?: Over the last 90 days, rentals in Austin leased in an average of 22 days, with 25 active listings on the market right now.

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