Monthly Rent Report
River North Rent Report — April 2024
Asking rents in ZIP 60654, Chicago, from 1,618 listings.
Median 1BR rent in River North was $2,968 in April 2024, up 2.9% (+$85) from March 2024 and up 7.9% year-over-year. The middle half of 1BR listings asked between $2,886 and $3,140. That puts River North $1,468 above the Chicago citywide 1BR median of $1,500. The month's figures are based on 1,618 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,320 | +$145 (+6.6%) | +$12 (+0.5%) | $2,116 – $2,468 | 347 |
| Studio | $2,325 | +$149 (+6.8%) | +$17 (+0.7%) | $2,202 – $2,516 | 8 |
| 1BR | $2,968 | +$85 (+2.9%) | +$218 (+7.9%) | $2,886 – $3,140 | 7 |
| 1BR | $2,856 | −$27 (-0.9%) | +$106 (+3.9%) | $2,578 – $3,598 | 802 |
| 2BR | $4,565 | +$877 (+23.8%) | +$1,196 (+35.5%) | $3,747 – $5,756 | 364 |
| 2BR | $4,061 | +$373 (+10.1%) | +$692 (+20.5%) | $3,956 – $4,167 | 2 |
| 3BR | $6,166 | +$916 (+17.4%) | −$1,208 (-16.4%) | $6,166 – $6,166 | 1 |
| 3BR | $6,510 | +$1,260 (+24.0%) | −$864 (-11.7%) | $5,000 – $10,132 | 75 |
| 4BR | $6,059 | −$162 (-2.6%) | — | $5,200 – $6,059 | 5 |
| 4BR | $5,200 | −$1,021 (-16.4%) | — | $5,200 – $6,059 | 7 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
River North vs. Chicago — April 2024
| Bedrooms | River North Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,320 | $1,222 | +$1,098 (+89.9%) |
| Studio | $2,325 | $1,222 | +$1,103 (+90.2%) |
| 1BR | $2,968 | $1,500 | +$1,468 (+97.9%) |
| 1BR | $2,856 | $1,500 | +$1,356 (+90.4%) |
| 2BR | $4,565 | $1,850 | +$2,715 (+146.7%) |
| 2BR | $4,061 | $1,850 | +$2,211 (+119.5%) |
| 3BR | $6,166 | $2,300 | +$3,866 (+168.1%) |
| 3BR | $6,510 | $2,300 | +$4,210 (+183.0%) |
| 4BR | $6,059 | $2,800 | +$3,259 (+116.4%) |
| 4BR | $5,200 | $2,800 | +$2,400 (+85.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2024.