Monthly Rent Report
River North Rent Report — November 2023
Asking rents in ZIP 60654, Chicago, from 1,355 listings.
Median 1BR rent in River North was $2,641 in November 2023, up 5.6% (+$141) from October 2023 and up 15.3% year-over-year. The middle half of 1BR listings asked between $2,400 and $3,028. That puts River North $1,138 above the Chicago citywide 1BR median of $1,504. The month's figures are based on 1,355 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,024 | −$243 (-10.7%) | −$183 (-8.3%) | $1,919 – $2,264 | 323 |
| Studio | $2,017 | −$251 (-11.1%) | −$190 (-8.6%) | $1,995 – $2,037 | 4 |
| 1BR | $2,641 | +$141 (+5.6%) | +$351 (+15.3%) | $2,400 – $3,028 | 879 |
| 1BR | $2,944 | +$444 (+17.8%) | +$654 (+28.6%) | $2,797 – $3,180 | 8 |
| 2BR | $3,871 | +$386 (+11.1%) | +$899 (+30.2%) | $3,200 – $4,081 | 9 |
| 2BR | $3,000 | −$485 (-13.9%) | +$28 (+0.9%) | $3,000 – $3,000 | 1 |
| 3BR | $5,995 | −$66 (-1.1%) | +$345 (+6.1%) | $5,995 – $5,995 | 1 |
| 3BR | $5,730 | −$331 (-5.5%) | +$80 (+1.4%) | $4,750 – $7,975 | 117 |
| 4BR | $6,221 | −$2,279 (-26.8%) | −$8,779 (-58.5%) | $5,032 – $6,618 | 10 |
| 4BR | $6,094 | −$2,406 (-28.3%) | −$8,906 (-59.4%) | $6,094 – $6,094 | 2 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
River North vs. Chicago — November 2023
| Bedrooms | River North Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,024 | $1,160 | +$864 (+74.5%) |
| Studio | $2,017 | $1,160 | +$857 (+73.8%) |
| 1BR | $2,641 | $1,504 | +$1,138 (+75.7%) |
| 1BR | $2,944 | $1,504 | +$1,441 (+95.8%) |
| 2BR | $3,871 | $1,800 | +$2,071 (+115.1%) |
| 2BR | $3,000 | $1,800 | +$1,200 (+66.7%) |
| 3BR | $5,995 | $2,298 | +$3,698 (+160.9%) |
| 3BR | $5,730 | $2,298 | +$3,433 (+149.4%) |
| 4BR | $6,221 | $2,750 | +$3,471 (+126.2%) |
| 4BR | $6,094 | $2,750 | +$3,344 (+121.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2023.