Monthly Rent Report
River North Rent Report — September 2023
Asking rents in ZIP 60654, Chicago, from 141 listings.
Median 1BR rent in River North was $2,738 in September 2023, down 7.8% (−$231) from August 2023 and up 9.5% year-over-year. The middle half of 1BR listings asked between $2,494 and $2,950. That puts River North $1,288 above the Chicago citywide 1BR median of $1,450. The month's figures are based on 141 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,224 | −$128 (-5.5%) | +$36 (+1.6%) | $2,153 – $2,398 | 7 |
| Studio | $1,954 | −$398 (-16.9%) | −$234 (-10.7%) | $1,870 – $2,084 | 16 |
| 1BR | $2,738 | −$231 (-7.8%) | +$238 (+9.5%) | $2,494 – $2,950 | 72 |
| 1BR | $2,972 | +$3 (+0.1%) | +$472 (+18.9%) | $2,848 – $3,180 | 6 |
| 2BR | $3,750 | −$512 (-12.0%) | +$750 (+25.0%) | $3,353 – $4,679 | 31 |
| 2BR | $3,595 | −$667 (-15.6%) | +$595 (+19.8%) | $3,200 – $3,595 | 5 |
| 3BR | $7,500 | +$677 (+9.9%) | +$2,391 (+46.8%) | $6,888 – $7,500 | 3 |
| 3BR | $5,500 | −$1,323 (-19.4%) | +$391 (+7.7%) | $5,500 – $5,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
River North vs. Chicago — September 2023
| Bedrooms | River North Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,224 | $1,238 | +$987 (+79.7%) |
| Studio | $1,954 | $1,238 | +$717 (+57.9%) |
| 1BR | $2,738 | $1,450 | +$1,288 (+88.8%) |
| 1BR | $2,972 | $1,450 | +$1,522 (+104.9%) |
| 2BR | $3,750 | $1,738 | +$2,013 (+115.8%) |
| 2BR | $3,595 | $1,738 | +$1,858 (+106.9%) |
| 3BR | $7,500 | $2,327 | +$5,173 (+222.3%) |
| 3BR | $5,500 | $2,327 | +$3,173 (+136.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2023.