Monthly Rent Report
River North Rent Report — October 2023
Asking rents in ZIP 60654, Chicago, from 69 listings.
Median 1BR rent in River North was $2,500 in October 2023, down 8.7% (−$237) from September 2023 and down 15.0% year-over-year. The middle half of 1BR listings asked between $2,500 and $2,500. That puts River North $1,025 above the Chicago citywide 1BR median of $1,475. The month's figures are based on 69 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,268 | +$44 (+2.0%) | −$308 (-12.0%) | $2,105 – $2,339 | 6 |
| Studio | $2,052 | −$172 (-7.8%) | −$524 (-20.4%) | $1,875 – $2,176 | 14 |
| 1BR | $2,500 | −$237 (-8.7%) | −$440 (-15.0%) | $2,500 – $2,500 | 1 |
| 1BR | $2,739 | +$2 (+0.1%) | −$201 (-6.8%) | $2,548 – $2,954 | 11 |
| 2BR | $3,485 | −$110 (-3.1%) | −$644 (-15.6%) | $3,106 – $4,296 | 10 |
| 2BR | $3,495 | −$100 (-2.8%) | −$634 (-15.4%) | $3,445 – $3,495 | 4 |
| 3BR | $6,062 | +$562 (+10.2%) | +$1,312 (+27.6%) | $4,637 – $6,250 | 18 |
| 3BR | $5,445 | −$55 (-1.0%) | +$695 (+14.6%) | $5,445 – $5,445 | 1 |
| 4BR | $8,500 | — | — | $8,153 – $9,375 | 4 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
River North vs. Chicago — October 2023
| Bedrooms | River North Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,268 | $1,200 | +$1,068 (+89.0%) |
| Studio | $2,052 | $1,200 | +$852 (+71.0%) |
| 1BR | $2,500 | $1,475 | +$1,025 (+69.5%) |
| 1BR | $2,739 | $1,475 | +$1,264 (+85.7%) |
| 2BR | $3,485 | $1,800 | +$1,685 (+93.6%) |
| 2BR | $3,495 | $1,800 | +$1,695 (+94.2%) |
| 3BR | $6,062 | $2,450 | +$3,612 (+147.4%) |
| 3BR | $5,445 | $2,450 | +$2,995 (+122.2%) |
| 4BR | $8,500 | $2,575 | +$5,925 (+230.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2023.