River North is one of Chicago’s most desirable neighborhoods which is why the average rent in River North compared to Chicago apartment prices in general is higher. Set just north of Chicago’s Loop, River North puts residents in the heart of the city. Studios, galleries, restaurants, shopping, nightclubs, bars and you name it — it’s all here in this swanky district. That’s why it’s probably no surprise to learn that the rent in River North is on the higher side.
How much can you expect to spend if you find an apartment in this neighborhood? What’s the River North average rent, and how does that compare to other areas? If you’re thinking about finding a place to rent in River North, Chicago, here’s what you’ll want to know about costs.
Like any neighborhood, River North has different prices depending on apartment size, building type, street location, etc. That said, there are some ballpark numbers that can give you a good idea of costs. For a two-bedroom apartment in this part of the city, for example, the average rent is around $3,100 to $3,200. This decreases to a little over $2,000 for a one-bedroom apartment or $1,550 for a studio, but it also raises to an average of more than $4,000 for a three-bedroom.
One bedrooms in River North typically rent for around $2800-3000 and two-bedroom rent averages around $4000 in River North. Compared to most other nearby Chicago neighborhoods — including Near North Side, Gold Coast, Old Town, Lincoln Park, East Village, West Loop and South Loop — River North tends to be more expensive. The average rent for a two-bedroom in Wicker Park, for example, tends to range around $2,800 and, in the Loop, more like $3200.
Here’s a table of average rent prices in River North, Chicago, ranging from studio apartments to four-bedroom units:
| Apartment Type | Average Rent (Monthly) |
|---|---|
| Studio | $2,100 – $2,700 |
| 1 Bedroom | $2,600 – $3,500 |
| 2 Bedrooms | $3,800 – $5,500 |
| 3 Bedrooms | $5,500 – $7,500 |
| 4 Bedrooms | $7,000 – $10,000+ |
These prices can fluctuate based on amenities, location within the neighborhood, and the specific building. River North is known for luxury apartments, so these rates reflect high-end living.
If you’re ready to find your home, explore our current listings for luxury apartment rentals in River North!
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