Monthly Rent Report
River North Rent Report — August 2023
Asking rents in ZIP 60654, Chicago, from 229 listings.
Median 1BR rent in River North was $2,932 in August 2023, down 0.6% (−$18) from July 2023 and up 18.4% year-over-year. The middle half of 1BR listings asked between $2,839 and $3,078. That puts River North $1,412 above the Chicago citywide 1BR median of $1,520. The month's figures are based on 229 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,414 | +$163 (+7.2%) | +$322 (+15.4%) | $2,414 – $2,414 | 10 |
| Studio | $2,353 | +$101 (+4.5%) | +$261 (+12.5%) | $2,129 – $2,468 | 10 |
| 1BR | $2,932 | −$18 (-0.6%) | +$457 (+18.4%) | $2,839 – $3,078 | 6 |
| 1BR | $2,969 | +$19 (+0.6%) | +$494 (+20.0%) | $2,663 – $3,369 | 115 |
| 2BR | $5,010 | +$711 (+16.5%) | +$1,029 (+25.8%) | $4,514 – $5,507 | 2 |
| 2BR | $4,262 | −$37 (-0.9%) | +$281 (+7.0%) | $3,695 – $5,295 | 65 |
| 3BR | $6,824 | +$1,824 (+36.5%) | +$581 (+9.3%) | $5,687 – $9,616 | 16 |
| 3BR | $8,239 | +$3,239 (+64.8%) | +$1,996 (+32.0%) | $8,239 – $8,239 | 1 |
| 4BR | $16,500 | +$11,900 (+258.7%) | — | $16,500 – $16,500 | 1 |
| 4BR | $16,500 | +$11,900 (+258.7%) | — | $16,500 – $16,500 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
River North vs. Chicago — August 2023
| Bedrooms | River North Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,414 | $1,250 | +$1,164 (+93.1%) |
| Studio | $2,353 | $1,250 | +$1,103 (+88.2%) |
| 1BR | $2,932 | $1,520 | +$1,412 (+92.9%) |
| 1BR | $2,969 | $1,520 | +$1,449 (+95.3%) |
| 2BR | $5,010 | $1,808 | +$3,203 (+177.2%) |
| 2BR | $4,262 | $1,808 | +$2,455 (+135.8%) |
| 3BR | $6,824 | $2,395 | +$4,429 (+184.9%) |
| 3BR | $8,239 | $2,395 | +$5,844 (+244.0%) |
| 4BR | $16,500 | $2,692 | +$13,808 (+512.9%) |
| 4BR | $16,500 | $2,692 | +$13,808 (+512.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.