Monthly Rent Report
River North Rent Report — August 2024
Asking rents in ZIP 60654, Chicago, from 18 listings.
Median 1BR rent in River North was $2,809 in August 2024, up 17.1% (+$409) from July 2024 and down 4.2% year-over-year. The middle half of 1BR listings asked between $2,447 and $3,147. That puts River North $1,271 above the Chicago citywide 1BR median of $1,538. The month's figures are based on 18 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,315 | +$164 (+7.6%) | −$37 (-1.6%) | $1,997 – $2,611 | 6 |
| 1BR | $2,809 | +$409 (+17.1%) | −$122 (-4.2%) | $2,447 – $3,147 | 4 |
| 2BR | $3,600 | −$763 (-17.5%) | −$662 (-15.5%) | $3,600 – $3,600 | 1 |
| 3BR | $5,928 | −$1,272 (-17.7%) | −$2,311 (-28.0%) | $5,564 – $6,292 | 2 |
| 4BR | $1,705 | −$2,945 (-63.3%) | −$14,795 (-89.7%) | $1,535 – $4,031 | 4 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
River North vs. Chicago — August 2024
| Bedrooms | River North Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,315 | $1,190 | +$1,125 (+94.5%) |
| 1BR | $2,809 | $1,538 | +$1,271 (+82.7%) |
| 2BR | $3,600 | $1,823 | +$1,778 (+97.5%) |
| 3BR | $5,928 | $2,300 | +$3,628 (+157.7%) |
| 4BR | $1,705 | $2,995 | −$1,290 (-43.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2024.