River North Apartments
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River North Apartments
Market Overview

The River North apartment market is one of the larger rental markets surrounding Downtown Chicago and offers renters a variety of rental options for residents looking to live in a desirable neighborhood with great amenities.

Those looking for a rental in River North have the option of renting a condo unit from an individual owner or renting a unit in a larged managed apartment building. There are over 100+ condo buildings and 35+ apartment buildings in River North for renters to choose from representing almost 25,000 total units. Given the large number of available options, our clients appreciate that we can help them narrow their search based on their specific criteria.

Renting A Condo In River North

When renting a condo from an individual owner, here are some things that renters should take into consideration:

  • Condos often tend to be priced slightly lower than similar sized units in large apartment buildings.
  • Terms of a lease can sometimes be more negotiable with an individual condo owner compared to large apartment buildings with set policies.
  • Building paperwork can take longer to process, and new residents sometimes have to attend building orientations with management or members of the board of directors.
  • Maintenance issues (depending on the nature of the issue) may have to be handled with the condo owner versus submitting a maintenance request directly to the management office. A responsive and communicative condo owner can be key to getting maintenance issues resolved quickly.
Renting In A Managed Apartment Building

With 35+ managed apartment buildings in River North, tenants should take into consideration some of the following things:

  • With many new rental buildings opening in the last few years, building amenities are a key selling point and differentiator - so expect luxurious amenities such as fitness rooms, spas, complimentary coffee, resident lounges, fire pits and even basketball courts in some rental apartment buildings in River North.
  • In many of the newer buildings, unit sizes have become smaller with 1 bedrooms in the 600-700 square feet range while some condo alternatives can offer 800-900 square feet at similar price points. The difference is similar for 2-bedroom apartments in River North as well.
  • Many buildings offer "look-and-lease" specials offering to waive application fees if an apartment is applied for within 24 hours of viewing. So if you can make a decision quickly, there can be some savings during the apartment search process.
  • With many newer buildings and high competition, many buildings will offer rent concessions such as 1-month free. While this can lower the rent for the initial term of the lease, residents need to be prepared for a substantial rent hike after the initial year of the lease.
Featured River North Rental Buildings

Exhibit at Superior

River North Park

The Hudson


Hubbard Place

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