Apartments for Rent in River North, Chicago, IL

River North, Chicago apartment availability

River North's rental market offers a very strong selection of listings, with an average of 173 rentals available each month in 2024. The majority of rentals are 1-bedroom apartments, followed by 2-bedroom and studio apartments. Many of these apartments offer desirable amenities, including in-unit laundry, which is available in nearly 60% of rentals. Additionally, over 55% of apartments in River North are pet-friendly, making this neighborhood a great option for renters with pets. With its diverse range of rentals and amenities, River North is a popular choice for those looking for a convenient and comfortable place to live in Chicago.

River North, Chicago rental market trends

River North's rental market experienced a slight decline in 2024, with average monthly rents decreasing by 2.85% to $3,059. 1-bedrooms saw a modest 0.48% increase, averaging $2,744 per month, while 2-bedrooms rose by 2.86% to $4,066. Studios also saw a slight increase of 2.51% to $2,121. However, 3-bedrooms experienced a 6.34% decline, averaging $6,854.

The summer months tend to see the highest demand and prices in River North, with July typically being the most expensive month. Rents in July are 24.19% higher compared to December, the month with the lowest average rent. If you're looking for a new apartment, December may be a good time to find a deal, but be aware that the selection might be limited. On the other hand, if you're looking to rent during the peak season, be prepared for higher prices and more competition.

Why River North, Chicago is a great place to live

River North is a top choice for renters prioritizing fitness and social living. According to 2024 data, apartments in this neighborhood often feature amenities like onsite pools, spas, and gym equipment, making it easy to maintain an active lifestyle. Additionally, many buildings incorporate health and wellness events, further supporting residents' fitness goals. River North's vibrant social scene is also a major draw, with a variety of restaurants, mixed-use developments, and convenient transit options, making it simple to get out and connect with friends or explore the city. With its emphasis on both physical and social well-being, River North is an ideal neighborhood for those seeking a balanced lifestyle.