Monthly Rent Report
River North Rent Report — July 2023
Asking rents in ZIP 60654, Chicago, from 354 listings.
Median 1BR rent in River North was $2,950 in July 2023, down 6.1% (−$192) from June 2023 and up 5.4% year-over-year. The middle half of 1BR listings asked between $2,685 and $3,273. That puts River North $1,500 above the Chicago citywide 1BR median of $1,450. The month's figures are based on 354 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,252 | +$64 (+2.9%) | +$242 (+12.0%) | $2,111 – $2,448 | 58 |
| Studio | $2,333 | +$145 (+6.6%) | +$323 (+16.1%) | $2,136 – $2,404 | 12 |
| 1BR | $2,950 | −$192 (-6.1%) | +$151 (+5.4%) | $2,685 – $3,273 | 159 |
| 1BR | $3,266 | +$124 (+3.9%) | +$467 (+16.7%) | $3,026 – $3,672 | 8 |
| 2BR | $4,096 | −$120 (-2.8%) | −$238 (-5.5%) | $3,923 – $4,295 | 3 |
| 2BR | $4,300 | +$84 (+2.0%) | −$35 (-0.8%) | $3,588 – $4,758 | 88 |
| 3BR | $5,000 | −$1,315 (-20.8%) | −$5,000 (-50.0%) | $5,000 – $5,000 | 1 |
| 3BR | $6,751 | +$436 (+6.9%) | −$3,249 (-32.5%) | $5,562 – $9,791 | 22 |
| 4BR | $4,600 | $0 (0.0%) | — | $4,600 – $4,600 | 1 |
| 4BR | $4,600 | $0 (0.0%) | — | $4,600 – $4,600 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
River North vs. Chicago — July 2023
| Bedrooms | River North Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,252 | $1,200 | +$1,052 (+87.6%) |
| Studio | $2,333 | $1,200 | +$1,133 (+94.4%) |
| 1BR | $2,950 | $1,450 | +$1,500 (+103.4%) |
| 1BR | $3,266 | $1,450 | +$1,816 (+125.2%) |
| 2BR | $4,096 | $1,795 | +$2,301 (+128.2%) |
| 2BR | $4,300 | $1,795 | +$2,505 (+139.5%) |
| 3BR | $5,000 | $2,273 | +$2,728 (+120.0%) |
| 3BR | $6,751 | $2,273 | +$4,478 (+197.1%) |
| 4BR | $4,600 | $2,709 | +$1,892 (+69.8%) |
| 4BR | $4,600 | $2,709 | +$1,892 (+69.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2023.