Monthly Rent Report
River North Rent Report — June 2023
Asking rents in ZIP 60654, Chicago, from 975 listings.
Median 1BR rent in River North was $2,850 in June 2023, up 1.8% (+$50) from May 2023 and up 1.8% year-over-year. The middle half of 1BR listings asked between $2,552 and $3,198. That puts River North $1,450 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 975 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,257 | +$141 (+6.6%) | +$120 (+5.6%) | $2,142 – $2,343 | 7 |
| Studio | $2,188 | +$72 (+3.4%) | +$51 (+2.4%) | $2,000 – $2,381 | 159 |
| 1BR | $2,850 | +$50 (+1.8%) | +$50 (+1.8%) | $2,552 – $3,198 | 455 |
| 1BR | $3,142 | +$342 (+12.2%) | +$342 (+12.2%) | $2,400 – $3,262 | 7 |
| 2BR | $3,956 | −$43 (-1.1%) | +$256 (+6.9%) | $3,800 – $4,448 | 10 |
| 2BR | $4,216 | +$217 (+5.4%) | +$516 (+13.9%) | $3,650 – $4,691 | 254 |
| 3BR | $6,315 | −$858 (-12.0%) | +$1,753 (+38.4%) | $5,407 – $8,729 | 74 |
| 3BR | $6,500 | −$673 (-9.4%) | +$1,938 (+42.5%) | $6,500 – $6,500 | 1 |
| 4BR | $4,600 | −$200 (-4.2%) | — | $4,600 – $4,600 | 4 |
| 4BR | $4,600 | −$200 (-4.2%) | — | $4,600 – $4,600 | 4 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
River North vs. Chicago — June 2023
| Bedrooms | River North Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,257 | $1,243 | +$1,015 (+81.6%) |
| Studio | $2,188 | $1,243 | +$946 (+76.1%) |
| 1BR | $2,850 | $1,400 | +$1,450 (+103.6%) |
| 1BR | $3,142 | $1,400 | +$1,742 (+124.4%) |
| 2BR | $3,956 | $1,700 | +$2,256 (+132.7%) |
| 2BR | $4,216 | $1,700 | +$2,516 (+148.0%) |
| 3BR | $6,315 | $2,275 | +$4,040 (+177.6%) |
| 3BR | $6,500 | $2,275 | +$4,225 (+185.7%) |
| 4BR | $4,600 | $2,500 | +$2,100 (+84.0%) |
| 4BR | $4,600 | $2,500 | +$2,100 (+84.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2023.