Monthly Rent Report
River North Rent Report — December 2023
Asking rents in ZIP 60654, Chicago, from 48 listings.
Median 1BR rent in River North was $2,700 in December 2023, down 8.3% (−$244) from November 2023 and down 4.8% year-over-year. The middle half of 1BR listings asked between $2,700 and $2,700. That puts River North $1,245 above the Chicago citywide 1BR median of $1,455. The month's figures are based on 48 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,879 | −$138 (-6.8%) | −$161 (-7.9%) | $1,821 – $1,983 | 4 |
| Studio | $2,308 | +$292 (+14.5%) | +$268 (+13.1%) | $2,076 – $2,462 | 5 |
| 1BR | $2,700 | −$244 (-8.3%) | −$137 (-4.8%) | $2,700 – $2,700 | 1 |
| 1BR | $3,306 | +$362 (+12.3%) | +$469 (+16.5%) | $2,979 – $3,405 | 11 |
| 2BR | $4,000 | +$129 (+3.3%) | +$550 (+15.9%) | $3,950 – $4,135 | 3 |
| 2BR | $3,576 | −$295 (-7.6%) | +$126 (+3.6%) | $3,487 – $3,670 | 4 |
| 3BR | $4,500 | −$1,230 (-21.5%) | −$490 (-9.8%) | $4,500 – $4,500 | 1 |
| 3BR | $6,000 | +$270 (+4.7%) | +$1,010 (+20.2%) | $6,000 – $6,000 | 1 |
| 4BR | $6,221 | $0 (0.0%) | +$1,471 (+31.0%) | $5,032 – $6,750 | 14 |
| 4BR | $6,602 | +$381 (+6.1%) | +$1,852 (+39.0%) | $5,740 – $9,083 | 4 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
River North vs. Chicago — December 2023
| Bedrooms | River North Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,879 | $1,218 | +$661 (+54.3%) |
| Studio | $2,308 | $1,218 | +$1,091 (+89.6%) |
| 1BR | $2,700 | $1,455 | +$1,245 (+85.6%) |
| 1BR | $3,306 | $1,455 | +$1,851 (+127.2%) |
| 2BR | $4,000 | $1,800 | +$2,200 (+122.2%) |
| 2BR | $3,576 | $1,800 | +$1,776 (+98.6%) |
| 3BR | $4,500 | $2,472 | +$2,028 (+82.0%) |
| 3BR | $6,000 | $2,472 | +$3,528 (+142.7%) |
| 4BR | $6,221 | $2,630 | +$3,591 (+136.5%) |
| 4BR | $6,602 | $2,630 | +$3,972 (+151.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2023.