River North, Chicago, Cook County, IL Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in River North is $3,349, a 5.03% increase compared to the previous year, when the average rent was $3,188.
Studio Apartments at $2,366 offer the most budget-friendly option with 517 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 764 square feet for $3,114, balancing privacy and affordability.
Two-beedroom units at $4,515 offer 1,148 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,612 sq ft) for $6,597, suitable for larger households.
Average rent in River North, Chicago, Cook County, IL
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $3,349 | 821 sq. ft. |
| Studio | $2,366 | 517 sq. ft. |
| 1 Bed | $3,114 | 764 sq. ft. |
| 2 Beds | $4,515 | 1,148 sq. ft. |
| 3 Beds | $6,597 | 1,612 sq. ft. |
River North, Chicago, Cook County, IL rent trends
Rental prices in River North, Chicago, Cook County, IL have increased by 5.03% over the past year. The average rent moved from $3,188 to $3,349.
What's the typical rent budget in River North, Chicago, Cook County, IL?
The largest share of rentals in River North, Chicago, Cook County, IL (56%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in River North, Chicago, Cook County, IL?
10,462 or 66% of the households in River North, Chicago, Cook County, IL are renter-occupied while 5,493 or 34% are owner-occupied.
Most affordable neighborhoods in River North?
Austin $1,046/month
Jackson Park Highlands $1,105/month
Washington Park $1,227/month
All of these neighborhoods fall below the city wide average of $2,461/month.Most expensive neighborhoods in River North?
River North $3,349/month
Wrightwood $3,530/month
Sheffield $3,749/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Chicago, IL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Sheffield | $3,749 |
| Wrightwood | $3,530 |
| River North | $3,349 |
| Downtown Chicago | $3,329 |
| Greektown | $3,315 |
| Fulton Market | $3,289 |
| Streeterville | $3,258 |
| Old Town Triangle | $3,105 |
| Bucktown | $3,074 |
| Near East Side Chicago | $3,038 |
| River West | $3,028 |
| Near West Side | $3,018 |
| Goose Island | $2,977 |
| Old Town Chicago | $2,975 |
| Wicker Park | $2,964 |
| Chicago Loop | $2,947 |
| Fulton River District | $2,916 |
| East Village | $2,846 |
| Near North Side Chicago | $2,845 |
| Humboldt Park | $2,825 |
| South Loop | $2,792 |
| Tri-Taylor | $2,667 |
| Printer's Row | $2,531 |
| Gold Coast | $2,526 |
| Cabrini - Green | $2,519 |
| Lincoln Park | $2,338 |
| Logan Square | $2,280 |
| West Loop | $2,267 |
| Little Italy | $2,230 |
| Lakeview | $2,165 |
| Ravenswood | $2,081 |
| Palmer Square | $2,042 |
| East Hyde Park | $2,003 |
| Clarendon Park | $1,970 |
| Andersonville | $1,949 |
| Kenwood | $1,886 |
| Stateway Gardens | $1,869 |
| Hyde Park | $1,815 |
| Park West | $1,801 |
| Uptown Chicago | $1,801 |
| Buena Park | $1,737 |
| Oakland | $1,690 |
| Woodlawn | $1,638 |
| Margate Park | $1,614 |
| Bronzeville | $1,608 |
| Bryn Mawr Historic District | $1,569 |
| West Rogers Park | $1,536 |
| North Kenwood | $1,535 |
| Rogers Park | $1,516 |
| East Garfield Park | $1,481 |
| Edgewater Beach | $1,457 |
| Englewood | $1,428 |
| Sheridan Park | $1,369 |
| Jefferson Park | $1,345 |
| Edgewater | $1,322 |
| South Shore | $1,305 |
| Budlong Woods | $1,277 |
| Washington Park | $1,227 |
| Jackson Park Highlands | $1,105 |
| Austin | $1,046 |
Chicago | Rent Comparison by Neighborhood
Rent in River North is 72% higher than in Andersonville
River North rent is the same as Chicago average
Andersonville rent is 42% lower than Chicago average
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all River North apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.