Monthly Rent Report
River North Rent Report — June 2024
Asking rents in ZIP 60654, Chicago, from 4,815 listings.
Median 1BR rent in River North was $2,808 in June 2024, down 2.1% (−$61) from May 2024 and down 10.6% year-over-year. The middle half of 1BR listings asked between $2,558 and $3,294. That puts River North $1,309 above the Chicago citywide 1BR median of $1,499. The month's figures are based on 4,815 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,173 | −$67 (-3.0%) | −$84 (-3.7%) | $1,730 – $2,485 | 6 |
| Studio | $2,313 | +$73 (+3.3%) | +$56 (+2.5%) | $2,120 – $2,437 | 1,132 |
| 1BR | $2,808 | −$61 (-2.1%) | −$334 (-10.6%) | $2,558 – $3,294 | 2,326 |
| 1BR | $3,377 | +$508 (+17.7%) | +$235 (+7.5%) | $3,205 – $3,544 | 3 |
| 2BR | $4,000 | +$11 (+0.3%) | +$44 (+1.1%) | $3,750 – $4,534 | 3 |
| 2BR | $4,156 | +$167 (+4.2%) | +$200 (+5.1%) | $3,706 – $4,994 | 1,099 |
| 3BR | $5,500 | +$1,900 (+52.8%) | −$1,000 (-15.4%) | $5,500 – $5,500 | 1 |
| 3BR | $7,818 | +$4,218 (+117.2%) | +$1,318 (+20.3%) | $5,860 – $10,132 | 231 |
| 4BR | $3,238 | −$1,560 (-32.5%) | −$1,362 (-29.6%) | $1,695 – $4,600 | 6 |
| 4BR | $3,470 | −$1,328 (-27.7%) | −$1,130 (-24.6%) | $1,815 – $4,613 | 8 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
River North vs. Chicago — June 2024
| Bedrooms | River North Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,173 | $1,149 | +$1,024 (+89.1%) |
| Studio | $2,313 | $1,149 | +$1,164 (+101.3%) |
| 1BR | $2,808 | $1,499 | +$1,309 (+87.4%) |
| 1BR | $3,377 | $1,499 | +$1,878 (+125.3%) |
| 2BR | $4,000 | $1,899 | +$2,101 (+110.7%) |
| 2BR | $4,156 | $1,899 | +$2,257 (+118.9%) |
| 3BR | $5,500 | $2,395 | +$3,105 (+129.6%) |
| 3BR | $7,818 | $2,395 | +$5,423 (+226.4%) |
| 4BR | $3,238 | $2,698 | +$540 (+20.0%) |
| 4BR | $3,470 | $2,698 | +$772 (+28.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2024.