Monthly Rent Report
River North Rent Report — March 2024
Asking rents in ZIP 60654, Chicago, from 2,410 listings.
Median 1BR rent in River North was $3,224 in March 2024, up 13.1% (+$374) from February 2024 and up 29.0% year-over-year. The middle half of 1BR listings asked between $3,095 and $3,357. That puts River North $1,720 above the Chicago citywide 1BR median of $1,505. The month's figures are based on 2,410 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,176 | +$69 (+3.3%) | −$184 (-7.8%) | $2,098 – $2,341 | 8 |
| Studio | $2,282 | +$175 (+8.3%) | −$78 (-3.3%) | $2,048 – $2,403 | 546 |
| 1BR | $3,224 | +$374 (+13.1%) | +$724 (+29.0%) | $3,095 – $3,357 | 4 |
| 1BR | $2,883 | +$33 (+1.2%) | +$383 (+15.3%) | $2,551 – $3,575 | 1,226 |
| 2BR | $3,688 | −$233 (-5.9%) | +$88 (+2.4%) | $3,428 – $3,948 | 2 |
| 2BR | $4,759 | +$838 (+21.4%) | +$1,159 (+32.2%) | $3,796 – $5,775 | 534 |
| 3BR | $5,250 | −$1,205 (-18.7%) | −$495 (-8.6%) | $5,250 – $5,250 | 1 |
| 3BR | $9,600 | +$3,145 (+48.7%) | +$3,855 (+67.1%) | $5,975 – $10,554 | 83 |
| 4BR | $6,140 | −$81 (-1.3%) | — | $6,100 – $6,181 | 2 |
| 4BR | $6,221 | $0 (0.0%) | — | $5,853 – $6,221 | 4 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
River North vs. Chicago — March 2024
| Bedrooms | River North Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,176 | $1,225 | +$951 (+77.6%) |
| Studio | $2,282 | $1,225 | +$1,057 (+86.3%) |
| 1BR | $3,224 | $1,505 | +$1,720 (+114.3%) |
| 1BR | $2,883 | $1,505 | +$1,379 (+91.6%) |
| 2BR | $3,688 | $1,900 | +$1,788 (+94.1%) |
| 2BR | $4,759 | $1,900 | +$2,859 (+150.5%) |
| 3BR | $5,250 | $2,250 | +$3,000 (+133.3%) |
| 3BR | $9,600 | $2,250 | +$7,350 (+326.7%) |
| 4BR | $6,140 | $2,650 | +$3,490 (+131.7%) |
| 4BR | $6,221 | $2,650 | +$3,571 (+134.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2024.