Monthly Rent Report
River North Rent Report — February 2024
Asking rents in ZIP 60654, Chicago, from 1,769 listings.
Median 1BR rent in River North was $2,991 in February 2024, down 2.0% (−$62) from January 2024 and down 4.2% year-over-year. The middle half of 1BR listings asked between $2,882 and $3,146. That puts River North $1,491 above the Chicago citywide 1BR median of $1,500. The month's figures are based on 1,769 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,277 | +$222 (+10.8%) | +$28 (+1.2%) | $2,142 – $2,377 | 4 |
| Studio | $2,107 | +$52 (+2.5%) | −$142 (-6.3%) | $1,955 – $2,340 | 345 |
| 1BR | $2,991 | −$62 (-2.0%) | −$132 (-4.2%) | $2,882 – $3,146 | 8 |
| 1BR | $2,850 | −$203 (-6.6%) | −$273 (-8.7%) | $2,542 – $3,482 | 827 |
| 2BR | $3,921 | +$139 (+3.7%) | −$100 (-2.5%) | $3,661 – $4,182 | 2 |
| 2BR | $3,972 | +$190 (+5.0%) | −$49 (-1.2%) | $3,483 – $5,089 | 470 |
| 3BR | $6,455 | −$757 (-10.5%) | −$45 (-0.7%) | $5,123 – $9,600 | 101 |
| 3BR | $7,600 | +$388 (+5.4%) | +$1,100 (+16.9%) | $7,600 – $7,600 | 1 |
| 4BR | $6,221 | +$1,471 (+31.0%) | — | $6,221 – $6,221 | 5 |
| 4BR | $6,221 | +$1,471 (+31.0%) | — | $6,221 – $6,221 | 6 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
River North vs. Chicago — February 2024
| Bedrooms | River North Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,277 | $1,211 | +$1,066 (+88.0%) |
| Studio | $2,107 | $1,211 | +$896 (+74.0%) |
| 1BR | $2,991 | $1,500 | +$1,491 (+99.4%) |
| 1BR | $2,850 | $1,500 | +$1,350 (+90.0%) |
| 2BR | $3,921 | $1,813 | +$2,109 (+116.3%) |
| 2BR | $3,972 | $1,813 | +$2,160 (+119.1%) |
| 3BR | $6,455 | $2,300 | +$4,155 (+180.7%) |
| 3BR | $7,600 | $2,300 | +$5,300 (+230.4%) |
| 4BR | $6,221 | $2,792 | +$3,430 (+122.9%) |
| 4BR | $6,221 | $2,792 | +$3,430 (+122.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2024.