Monthly Rent Report
River North Rent Report — July 2024
Asking rents in ZIP 60654, Chicago, from 1,011 listings.
Median 1BR rent in River North was $3,255 in July 2024, up 15.9% (+$447) from June 2024 and down 0.3% year-over-year. The middle half of 1BR listings asked between $2,978 and $3,338. That puts River North $1,695 above the Chicago citywide 1BR median of $1,560. The month's figures are based on 1,011 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,106 | −$67 (-3.1%) | −$145 (-6.5%) | $2,069 – $2,251 | 13 |
| Studio | $2,151 | −$22 (-1.0%) | −$100 (-4.5%) | $2,035 – $2,273 | 504 |
| 1BR | $3,255 | +$447 (+15.9%) | −$11 (-0.3%) | $2,978 – $3,338 | 3 |
| 1BR | $2,400 | −$408 (-14.5%) | −$866 (-26.5%) | $2,400 – $2,400 | 2 |
| 2BR | $4,075 | −$81 (-1.9%) | −$224 (-5.2%) | $3,699 – $4,758 | 401 |
| 2BR | $4,363 | +$207 (+5.0%) | +$64 (+1.5%) | $4,341 – $4,699 | 5 |
| 3BR | $7,200 | −$618 (-7.9%) | +$2,200 (+44.0%) | $5,654 – $9,195 | 77 |
| 3BR | $5,450 | −$2,368 (-30.3%) | +$450 (+9.0%) | $5,450 – $5,450 | 2 |
| 4BR | $1,635 | −$1,602 (-49.5%) | −$2,965 (-64.5%) | $1,585 – $1,755 | 3 |
| 4BR | $4,650 | +$1,413 (+43.6%) | +$50 (+1.1%) | $4,650 – $4,650 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
River North vs. Chicago — July 2024
| Bedrooms | River North Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,106 | $1,218 | +$888 (+72.9%) |
| Studio | $2,151 | $1,218 | +$933 (+76.6%) |
| 1BR | $3,255 | $1,560 | +$1,695 (+108.7%) |
| 1BR | $2,400 | $1,560 | +$840 (+53.8%) |
| 2BR | $4,075 | $1,805 | +$2,270 (+125.8%) |
| 2BR | $4,363 | $1,805 | +$2,558 (+141.7%) |
| 3BR | $7,200 | $2,363 | +$4,838 (+204.8%) |
| 3BR | $5,450 | $2,363 | +$3,088 (+130.7%) |
| 4BR | $1,635 | $2,789 | −$1,154 (-41.4%) |
| 4BR | $4,650 | $2,789 | +$1,861 (+66.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2024.