Monthly Rent Report
River North Rent Report — January 2024
Asking rents in ZIP 60654, Chicago, from 466 listings.
Median 1BR rent in River North was $2,943 in January 2024, up 9.0% (+$243) from December 2023 and down 3.2% year-over-year. The middle half of 1BR listings asked between $2,639 and $3,237. That puts River North $1,426 above the Chicago citywide 1BR median of $1,517. The month's figures are based on 466 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,055 | −$253 (-11.0%) | −$16 (-0.8%) | $1,919 – $2,341 | 131 |
| Studio | $2,119 | −$189 (-8.2%) | +$47 (+2.3%) | $1,967 – $2,255 | 4 |
| 1BR | $2,943 | +$243 (+9.0%) | −$97 (-3.2%) | $2,639 – $3,237 | 7 |
| 1BR | $3,053 | +$353 (+13.1%) | +$13 (+0.4%) | $2,548 – $3,879 | 267 |
| 2BR | $4,913 | +$913 (+22.8%) | +$1,462 (+42.4%) | $4,913 – $4,913 | 3 |
| 2BR | $3,782 | −$218 (-5.5%) | +$331 (+9.6%) | $3,687 – $3,836 | 4 |
| 3BR | $4,774 | −$1,226 (-20.4%) | −$201 (-4.0%) | $4,774 – $4,774 | 1 |
| 3BR | $7,212 | +$1,212 (+20.2%) | +$2,237 (+45.0%) | $4,995 – $10,419 | 41 |
| 4BR | $4,750 | −$1,471 (-23.6%) | +$800 (+20.3%) | $4,750 – $5,340 | 4 |
| 4BR | $4,750 | −$1,471 (-23.6%) | +$800 (+20.3%) | $4,750 – $5,930 | 3 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
River North vs. Chicago — January 2024
| Bedrooms | River North Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,055 | $1,225 | +$830 (+67.8%) |
| Studio | $2,119 | $1,225 | +$894 (+72.9%) |
| 1BR | $2,943 | $1,517 | +$1,426 (+94.0%) |
| 1BR | $3,053 | $1,517 | +$1,536 (+101.3%) |
| 2BR | $4,913 | $1,800 | +$3,113 (+172.9%) |
| 2BR | $3,782 | $1,800 | +$1,982 (+110.1%) |
| 3BR | $4,774 | $2,300 | +$2,474 (+107.6%) |
| 3BR | $7,212 | $2,300 | +$4,912 (+213.6%) |
| 4BR | $4,750 | $2,792 | +$1,959 (+70.2%) |
| 4BR | $4,750 | $2,792 | +$1,959 (+70.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2024.