Monthly Rent Report
River North Rent Report — May 2024
Asking rents in ZIP 60654, Chicago, from 3,253 listings.
Median 1BR rent in River North was $2,869 in May 2024, down 3.3% (−$99) from April 2024 and up 2.5% year-over-year. The middle half of 1BR listings asked between $2,575 and $3,575. That puts River North $1,367 above the Chicago citywide 1BR median of $1,503. The month's figures are based on 3,253 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,324 | +$4 (+0.2%) | +$78 (+3.5%) | $2,070 – $2,439 | 7 |
| Studio | $2,240 | −$80 (-3.4%) | −$6 (-0.3%) | $2,089 – $2,425 | 731 |
| 1BR | $2,869 | −$99 (-3.3%) | +$69 (+2.5%) | $2,575 – $3,575 | 1,621 |
| 1BR | $3,052 | +$84 (+2.8%) | +$252 (+9.0%) | $2,992 – $3,152 | 5 |
| 2BR | $4,401 | +$340 (+8.4%) | +$402 (+10.1%) | $3,783 – $5,385 | 732 |
| 2BR | $3,990 | −$71 (-1.8%) | −$9 (-0.2%) | $3,688 – $4,201 | 6 |
| 3BR | $8,402 | +$1,892 (+29.1%) | +$2,053 (+32.3%) | $5,990 – $10,148 | 143 |
| 3BR | $3,600 | −$2,910 (-44.7%) | −$2,749 (-43.3%) | $3,600 – $5,550 | 3 |
| 4BR | $4,798 | −$1,261 (-20.8%) | −$2 (-0.1%) | $4,699 – $4,896 | 2 |
| 4BR | $4,995 | −$1,064 (-17.6%) | +$195 (+4.1%) | $4,988 – $5,527 | 3 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
River North vs. Chicago — May 2024
| Bedrooms | River North Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,324 | $1,196 | +$1,128 (+94.3%) |
| Studio | $2,240 | $1,196 | +$1,044 (+87.3%) |
| 1BR | $2,869 | $1,503 | +$1,367 (+90.9%) |
| 1BR | $3,052 | $1,503 | +$1,550 (+103.1%) |
| 2BR | $4,401 | $1,825 | +$2,576 (+141.2%) |
| 2BR | $3,990 | $1,825 | +$2,165 (+118.6%) |
| 3BR | $8,402 | $2,236 | +$6,166 (+275.8%) |
| 3BR | $3,600 | $2,236 | +$1,364 (+61.0%) |
| 4BR | $4,798 | $2,725 | +$2,073 (+76.1%) |
| 4BR | $4,995 | $2,725 | +$2,270 (+83.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.