Average Rent in River North, Chicago, IL

Current Versus Historical River North, Chicago, IL Rents

River North rentals average $0 for a studio rental to $5,075 for a 3-bedroom rental. The median price of all currently available listings is $3,225, or roughly $3 per square feet.

For the apartment units and housing in May 2024, median rents have risen over the last year. Studio rentals prices have increased by $104 (5.20%) year-over-year from $2,003 to $2,108. 1-bedroom rentals prices have increased by $163 (6.47%) year-over-year from $2,513 to $2,676. 2-bedroom rentals prices have increased by $683 (19.16%) year-over-year from $3,567 to $4,250. 3-bedroom rentals prices have increased by $1,205 (20.86%) year-over-year from $5,777 to $6,982. 4-bedroom rentals prices have increased by $23,138 (428.48%) year-over-year from $5,400 to $28,538. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 4.14% this month. 1-bedroom rents have gone up by 4.59% this month. 2-bedroom rents have gone up by 10.63% this month. 3-bedroom rents have gone up by 0.66% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$3.14	$2,676	$2,513 (6.47%)	$2,258 (18.53%)
2 BR	$3.35	$4,250	$3,567 (19.16%)	$3,297 (28.92%)
3 BR	$2.60	$6,982	$5,777 (20.86%)	$4,881 (43.06%)

Historical Rents in River North, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near River North

There are a total of 6 cities nearby River North. The average rent in River North is currently $2,226 per month. A total of 6 cities nearby have an average rent lower than that. Our records show that Chicago, IL, with an average rent of $2,096, is the most affordable city nearby. In contrast, the most expensive city near River North, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,790 per month.

Let's compare River North, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 31.10% more expensive. Two bedrooms in River North, Chicago, IL are about 37.36% more expensive. Finally, rent for three bedrooms are about 45.65% more expensive. Want more information? Check out the top 6 cities near River North, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,300	$1,745	$2,350	$2,096
Evanston, IL	$1,043	$1,700	$2,150	$2,145
Schaumburg, IL	N/A	$1,995	$2,350	$2,195
Wheaton, IL	N/A	$1,923	$2,310	$2,257
Aurora, IL	N/A	$1,300	$2,050	$2,325
Naperville, IL	N/A	$1,650	$2,200	$2,790

Top Neighborhoods Near River North

There are a total of 15 neighborhoods in or near River North. Some of these neighborhoods include Edgewater, Rogers Park, and Albany Park. We've included all of these top 15 neighborhoods in or near River North, Chicago, IL in the following chart.

The average rent for these 15 neighborhoods in or near River North, Chicago, IL is currently around $1,988 per month. A total of 15 neighborhoods have a lower average rent. Out of all the neighborhoods in or near River North, Edgewater has the most affordable average rent at $1,550 per month. Whereas, at $3,000 average rent per month, Near North Side is the most expensive neighborhood in or near River North. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Edgewater, Chicago, IL	$1,132	$1,550	$2,150	$1,550
Rogers Park, Chicago, IL	$1,150	$1,400	$1,850	$1,600
Albany Park, Chicago, IL	$1,045	$1,420	$1,863	$1,650
West Rogers Park, Chicago, IL	$1,200	$1,350	$1,800	$1,673
Uptown, Chicago, IL	$1,150	$1,625	$2,600	$1,695
Ravenswood, Chicago, IL	$1,220	$1,623	$2,623	$1,783
Logan Square, Chicago, IL	$1,250	$1,798	$2,000	$1,950
Humboldt Park, Chicago, IL	$2,100	$1,450	$1,825	$1,988
Lakeview, Chicago, IL	$1,463	$1,927	$2,595	$2,100
Lincoln Park, Chicago, IL	$1,450	$1,875	$3,050	$2,200
Hyde Park, Chicago, IL	$1,275	$1,650	$1,875	$2,299
DePaul, Chicago, IL	$1,670	$2,295	$2,400	$2,395
The Loop, Chicago, IL	$1,825	$2,500	$3,200	$2,700
South Loop, Chicago, IL	N/A	$2,248	$3,000	$2,900
Near North Side, Chicago, IL	$1,775	$2,400	$3,604	$3,000

Top Counties Near River North

There are a total of 15 counties located by River North, Chicago, IL. Some of these counties include Chicago, IL, Schaumburg, IL, and Evanston, IL. The average rent for rentals in these counties is $2,172. That's roughly around $2 per sqft. A total of 6 counties have a lower average rent. The county that is the most affordable is Chicago, IL. It's average rent per month is $2,096. Vice versa, with an average rent of $2,500, Naperville, IL is the most expensive county by River North, Chicago, IL.

In comparison, rent for one bedroom listings in River North, Chicago, IL is 28.66% more expensive than other counties nearby. Finally, rent for two bedrooms in River North, Chicago, IL is 37.60% more expensive than other counties nearby. We've listed the top 6 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,300	$1,745	$2,350	$2,096
Schaumburg, IL	N/A	$1,995	$2,350	$2,138
Evanston, IL	$1,043	$1,700	$2,150	$2,145
Downers Grove, IL	N/A	$1,822	$2,218	$2,198
Milton, IL	N/A	$1,900	$2,275	$2,257
Naperville, IL	N/A	$1,663	$2,198	$2,500

Top Zipcodes Near River North

There are a total of 21 zipcodes in or near River North, Chicago, IL. The average rent for all of these zipcodes is $2,095. A total of 20 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60641, Chicago, IL at $1,500 per month. In comparison, the zipcode with the most expensive average rent of $3,500 per month is 60611, Chicago, IL.

Studios in these zipcodes have an average rent of $1,250. That's at least $3 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near River North, Chicago, IL is $1,850 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,475 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in River North, Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60610, Chicago, IL	$1,763	$2,300	$3,500	$2,760
60611, Chicago, IL	$1,835	$2,500	$3,717	$3,500
60642, Chicago, IL	$1,929	$2,300	$2,800	$2,556
60607, Chicago, IL	$1,594	$2,415	$3,275	$3,095
60605, Chicago, IL	N/A	$2,300	$3,014	$2,782
60614, Chicago, IL	$1,630	$2,200	$2,958	$2,395
60622, Chicago, IL	$1,890	$2,100	$2,493	$2,500
60647, Chicago, IL	$1,250	$1,850	$2,150	$2,050
60657, Chicago, IL	$1,475	$1,934	$2,650	$2,095
60608, Chicago, IL	N/A	$1,538	$1,850	$2,000

Frequently Asked Questions - River North Average Rents

What is the average rent price in River North, Chicago, IL?

The average monthly rental price for River North, Chicago, IL apartments for rent is approximately $3,225. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do River North, Chicago, IL rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in River North, Chicago, IL.

How much is a studio apartment in River North, Chicago, IL?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 1 studio apartment listings currently available for rent in River North.

How much is a one bedroom apartment in River North, Chicago, IL?

The average monthly rental price for one bedroom apartments is $2,500 and an average price per square feet of $3.14. There are a total of 12 one bedroom apartment listings currently available for rent in River North.

How much is a two bedroom apartment in River North, Chicago, IL?

The average monthly rental price for two bedroom apartments is $3,600 and an average price per square feet of $3.35. There are a total of 13 two bedroom apartment listings currently available for rent in River North.

How have rent prices in River North, Chicago, IL changed this year?

Rent prices for rentals in River North, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.05%, one bedroom rental prices have changed by 0.06%, two bedroom rental prices have changed by 0.19%, and three bedroom rental prices have changed by 0.21% year-over-year.

What is a reasonable rent price in River North, Chicago, IL?

A reasonable rent price in River North, Chicago, IL is around $2,580/month. You can search for these reasonably priced rental listings on RentHop.