How Much Could it Cost to Live in Downtown Chicago

best apartments in chicago

If you’re a prospective renter in downtown Chicago, rest assured that the Windy City offers a wide selection of luxury rental properties to accommodate varying preferences and budgets.

Discover a few of our favorite downtown Chicago apartments that may fall within your price range.

What $2,000 Could Get You in Chicago

Panorama – 918 West School Street – Floor plans include studio, one-, two-, and three-bedroom apartments with panoramic views of the city. The studios and one-bedroom apartments are right in the price range under $2,000. With a location within walking distance to Wrigley Field, residents are within walking distance of a variety of great dining and shops including Hutch American Bistro, Kanela Breakfast Club, Target, and Whole Foods.

River City – 800 S Wells – The one bedroom apartment is the perfect find for under $2,000. River City is located in South Loop on the Chicago River. Apartments at River City feature unique sculptural tile flooring throughout, and custom designed closets with melamine shelving, glossy white and maple wood-looking cabinetry, quartz countertops, sculptural tile backsplash, tub and shower combinations, single basin sinks, and balconies/terraces on select units.

The Paragon Chicago– 1326 S Michigan- For less than $2,000 a month, you could be living in a brand new building in the heart of South Loop. This 47-story contemporary building offers stunning convertibles and studios with this price range and complete with wood-grain laminate flooring, quartz countertops, Whirlpool stainless steel appliances, closet organizer systems, and washer and dryer in unit. 

The Field’s Lofts– 4000 W Diversey Ave- These authentic loft apartments once boasted the warehouse for the Chicago-born department store Marshall Field’s. They now offer gorgeous convertibles and one-bedrooms below $2,000. Along with a rich history, and top-notch finishes, this urban building puts you in the middle of Logan Square, one of Chicago’s trendiest neighborhoods.

What $2,500 Could Get You in Chicago

The Jax – 1220 West Jackson – Located in West Loop, The Jax one bedroom apartment can be found for below $2,500. Units feature modern premium cabinetry, quartz countertops, tiled backsplashes, microwaves, dishwashers, and stainless steel appliances with gas ranges, premium flooring, washer/dryer in unit. Plus, some units feature outdoor terraces or patios and walk-in, spacious closets.

Chestnut Tower– 121 W Chestnut St- Although situated in downtown Chicago and minutes away from the Loop, this Gold Coast apartment offers a peaceful neighborhood experience for residents. Find a studio or one-bedroom with spacious floor plans, open kitchens, and incredible views.

NEXT– 347 W Chestnut St- A couple of minutes down the street, you’ll find these full-amenity River North apartments. Browse the convertibles, studios, and one-bedrooms, complete with stainless steel appliances, plank flooring throughout, spacious closets, in-unit washer and dryer, and oversized windows with views of Lake Michigan and the city.

K2 Apartments– 365 N Halsted St- Find a one-bedroom in Fulton Market, one of Chicago’s hottest downtown neighborhoods. This luxury high rise building puts you in the middle of public transportation, excellent nightlife, and grocery shopping. Residents also have access to impressive amenities, including an innovative fitness center with a steam room, a basketball court, and a business center.

What $3,000 Could Get You in Chicago

Mila Loop– 201 N Garland Ct- For the true downtown Chicago experience, consider these luxury apartments at the northeast corner of the Loop. With one-bedrooms and lofts under $3,000 and two-bedrooms just above this price point, find a unit that is right for you and your budget. Each apartment boasts floor-to-ceiling windows, 1GB fiber for cable and internet, in-unit washer/dryer, gourmet kitchens with stainless steel appliances, quartz counters, and high gloss cabinetry. 

Marlowe- 199 W Huron St- This brand new boutique building in River North offers renters incredible studios and one-bedrooms for under $3,000. Each unit is designer-inspired, featuring Herringbone tile, quartz countertops, premium flooring, and floor-to-ceiling windows with breathtaking city views. 

Two Old Town Park– 202 W Hill St- If you’re looking for more of the neighborhood charm, but the convenience of downtown Chicago, check out a one-bedroom within this stunning 39-story Old Town building, complete with all the bells-and-whistles. Residents also have access to spectacular amenities, including a multi-sport court, equipped fitness center with yoga and spin spaces, and an outdoor oasis with a heated pool, hot tub, lounges, and daybeds.

If you still have questions regarding these downtown Chicago properties or you’d like to schedule an in-person viewing, connect with one of our experienced brokers today!

Contact Luxury Living Chicago Realty 

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