Monthly Rent Report
River North Rent Report — April 2023
Asking rents in ZIP 60654, Chicago, from 1,694 listings.
Median 1BR rent in River North was $2,946 in April 2023, up 7.7% (+$212) from March 2023 and up 4.3% year-over-year. The middle half of 1BR listings asked between $2,209 and $2,996. That puts River North $1,521 above the Chicago citywide 1BR median of $1,425. The month's figures are based on 1,694 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,308 | −$52 (-2.2%) | −$63 (-2.7%) | $2,175 – $2,335 | 4 |
| Studio | $2,150 | −$210 (-8.9%) | −$221 (-9.3%) | $1,925 – $2,391 | 319 |
| 1BR | $2,946 | +$212 (+7.7%) | +$121 (+4.3%) | $2,209 – $2,996 | 5 |
| 1BR | $2,750 | +$16 (+0.6%) | −$75 (-2.7%) | $2,480 – $3,140 | 803 |
| 2BR | $4,004 | +$154 (+4.0%) | +$504 (+14.4%) | $3,600 – $4,650 | 476 |
| 2BR | $3,369 | −$481 (-12.5%) | −$131 (-3.7%) | $3,288 – $3,623 | 7 |
| 3BR | $6,457 | +$712 (+12.4%) | −$2,013 (-23.8%) | $5,573 – $9,621 | 79 |
| 3BR | $7,374 | +$1,629 (+28.4%) | −$1,096 (-12.9%) | $7,374 – $7,374 | 1 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
River North vs. Chicago — April 2023
| Bedrooms | River North Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,308 | $1,195 | +$1,113 (+93.1%) |
| Studio | $2,150 | $1,195 | +$955 (+79.9%) |
| 1BR | $2,946 | $1,425 | +$1,521 (+106.7%) |
| 1BR | $2,750 | $1,425 | +$1,325 (+93.0%) |
| 2BR | $4,004 | $1,725 | +$2,279 (+132.1%) |
| 2BR | $3,369 | $1,725 | +$1,644 (+95.3%) |
| 3BR | $6,457 | $2,300 | +$4,157 (+180.7%) |
| 3BR | $7,374 | $2,300 | +$5,074 (+220.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2023.