Average Rent in River North, Chicago, IL

Current Versus Historical River North, Chicago, IL Rents

River North rentals average $1,960 for a studio rental to $4,800 for a 3-bedroom rental. The median price of all currently available listings is $2,500, or roughly $3 per square feet.

For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $38 (1.88%) year-over-year from $2,008 to $2,046. 1-bedroom rentals prices have decreased by $5 (-0.20%) year-over-year from $2,505 to $2,500. 2-bedroom rentals prices have decreased by $129 (-3.50%) year-over-year from $3,679 to $3,550. 3-bedroom rentals prices have decreased by $1,442 (-23.20%) year-over-year from $6,216 to $4,774. 4-bedroom rentals prices have increased by $16,563 (138.31%) year-over-year from $11,975 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 5.18% this month. 1-bedroom rents have gone up by 0.74% this month. 2-bedroom rents have gone down by 0.70% this month. 3-bedroom rents have gone down by 32.94% this month. 4-bedroom rents have gone down by 0.50% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.60	$2,046	$2,008 (1.88%)	$1,698 (20.47%)
1 BR	$3.15	$2,500	$2,505 (-0.20%)	$2,185 (14.40%)
2 BR	$3.10	$3,550	$3,679 (-3.50%)	$3,165 (12.16%)
3 BR	$2.70	$4,774	$6,216 (-23.20%)	$4,786 (-0.26%)

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 $2,210 per month. A total of 5 cities nearby have an average rent lower than that. Our records show that Evanston, IL, with an average rent of $1,955, 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 $2,825 per month.

Let's compare River North, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 30.58% more expensive. Two bedrooms in River North, Chicago, IL are about 36.17% more expensive. Finally, rent for three bedrooms are about 44.02% 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
Evanston, IL	$1,185	$1,595	$2,150	$1,955
Chicago, IL	$1,350	$1,790	$2,300	$2,030
Schaumburg, IL	N/A	$1,995	$2,350	$2,100
Wheaton, IL	N/A	$1,960	$2,320	$2,320
Aurora, IL	N/A	$1,300	$1,963	$2,395
Naperville, IL	N/A	$1,650	$2,200	$2,825

Top Neighborhoods Near River North

There are a total of 13 neighborhoods in or near River North. Some of these neighborhoods include Edgewater, Uptown, and Rogers Park. We've included all of these top 13 neighborhoods in or near River North, Chicago, IL in the following chart.

The average rent for these 13 neighborhoods in or near River North, Chicago, IL is currently around $1,863 per month. A total of 11 neighborhoods have a lower average rent. Meaning, only two neighborhoods have a higher average rent than $1,863. Out of all the neighborhoods in or near River North, Edgewater has the most affordable average rent at $1,550 per month. Whereas, at $2,800 average rent per month, South Loop 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	$1,120	$1,550	$2,200	$1,550
Uptown, Chicago, IL	$1,100	$1,600	$2,595	$1,600
Rogers Park, Chicago, IL	$1,150	$1,350	$1,850	$1,600
Ravenswood, Chicago, IL	$1,210	$1,595	$2,775	$1,640
West Rogers Park, Chicago, IL	$1,200	$1,350	$1,800	$1,698
Albany Park, Chicago, IL	$1,048	$1,420	$1,900	$1,775
Lincoln Park, Chicago, IL	$1,390	$1,925	$2,795	$1,863
Logan Square, Chicago, IL	$1,250	$1,795	$2,050	$1,906
Lakeview, Chicago, IL	$1,343	$1,895	$2,590	$2,092
Hyde Park, Chicago, IL	$1,250	$1,698	$1,887	$2,198
DePaul, Chicago, IL	$1,665	$2,290	$2,400	$2,395
Near North Side, Chicago, IL	$1,860	$2,399	$3,500	$2,569
South Loop, Chicago, IL	$1,700	$2,200	$3,000	$2,800

Top Counties Near River North

There are a total of 13 counties located by River North, Chicago, IL. Some of these counties include Evanston, IL, Chicago, IL, and Schaumburg, IL. The average rent for rentals in these counties is $2,142. That's roughly around $2 per sqft. A total of 5 counties have a lower average rent. The county that is the most affordable is Evanston, IL. It's average rent per month is $1,955. Vice versa, with an average rent of $2,700, 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 26.98% more expensive than other counties nearby. Finally, rent for two bedrooms in River North, Chicago, IL is 36.17% more expensive than other counties nearby. We've listed the top 6 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Evanston, IL	$1,185	$1,595	$2,150	$1,955
Chicago, IL	$1,350	$1,790	$2,300	$2,030
Schaumburg, IL	N/A	$1,995	$2,350	$2,095
Downers Grove, IL	N/A	$1,828	$2,200	$2,188
Milton, IL	N/A	$1,960	$2,320	$2,320
Naperville, IL	N/A	$1,663	$2,175	$2,700

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 $2,075. A total of 17 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60660, Chicago, IL at $1,550 per month. In comparison, the zipcode with the most expensive average rent of $3,148 per month is 60607, Chicago, IL.

Studios in these zipcodes have an average rent of $1,275. 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 $1,848 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,438 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
60654, Chicago, IL	$1,945	$2,500	$3,525	$2,500
60610, Chicago, IL	$1,860	$2,300	$3,450	$2,658
60611, Chicago, IL	$1,800	$2,305	$3,650	$2,725
60642, Chicago, IL	$1,929	$2,225	$2,850	$2,700
60607, Chicago, IL	$1,700	$2,400	$3,275	$3,148
60614, Chicago, IL	$1,663	$2,295	$2,862	$2,300
60622, Chicago, IL	$1,893	$2,100	$2,438	$2,438
60647, Chicago, IL	$1,250	$1,848	$2,150	$2,048
60657, Chicago, IL	$1,345	$1,900	$2,600	$2,077
60608, Chicago, IL	N/A	$1,375	$1,850	$2,075

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 $2,500. 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 $1,960 and an average price per square feet of $3.60. There are a total of 22 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 $2,478 and an average price per square feet of $3.15. There are a total of 26 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 $3,525 and an average price per square feet of $3.10. There are a total of 18 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 0.02%, one bedroom rental prices have changed by 0.00%, two bedroom rental prices have changed by -0.03%, and three bedroom rental prices have changed by -0.23% 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 $2,000/month. You can search for these reasonably priced rental listings on RentHop.