Updated 2 Days Ago
Highlights
Pet Friendly
- Smoke-free building
- Stainless steel appliances
- Laundry facility
- Granite countertops
- Carpet
- On-site parking
Location
1116 S Michigan Ave #8, Chicago, IL 60605, USA|Loop
Tour 1116 S Michigan Ave #8
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Property Overview
1116 S Michigan Ave #8 offers a convenient South Loop location with strong access to downtown, transit, and nearby city amenities. It stands out for its urban setting, practical living appeal, and features that support an active, connected lifestyle.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Central heat- Images Available
- Laundry available on site
Great for
Pet owners
Social life
Wellness
Amenities for 1116 S Michigan Ave #8, Loop
Apartment Amenities
| Air Conditioning | Carpet |
| Central Heat | Dryer |
| Freezer | Hardwood Floor |
Appliances
| Dishwasher | In-Unit Laundry |
| Microwave | Range/Oven |
| Refrigerator |
Tech
| Cable Ready | Wired For Internet |
Building
| Cats OK | Controlled Building |
| Dogs OK | Fitness Center |
| Onsite Laundry | Roof Deck |
Grounds
| Garage Parking | Swimming Pool |
Neighborhood
| Near Parks |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
About 1116 S Michigan Ave #8
Property Id: 2954578 Happy to help on this one or any others! This beauty is sitting just steps away from Grant Park, You are also just minutes away from the Shedd Aquarium, the Adler Planetarium, the Field Museum, and the Art Institute. This South Loop high-rise features an exquisite outdoor pool and sundeck, with cabanas, TVs, grills and firepits, all to enjoy the amazing Chicago summer. Tenants will also enjoy an on-site gym, dry cleaners, wine cellar, and 24-hour door staff. This building is 100% smoke-free. This unit includes stunning views of the city or lake, and each includes central heat and air conditioning. Most of these have been renovated with hardwood style flooring in the entry and kitchen, stainless steel appliances and granite countertops. All renovated units include an in-unit washer and dryer except for studios. Cozy modified units offer carpet, white kitchens, and a laundry facility. Parking is available on-site at an additional charge. Cats and dogs are accepted throughout and there is a 24-hour dog run and warming deck for your dog (dog breed restrictions apply, but there is no weight limit).
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 1116 S Michigan Ave #8 compares to other nearby properties.
Positives
- Central heat
- Climate controlled environment
- Images Available
- There are at least 10 photos of this property
- Laundry available on site
- Washers and dryers are available in-building
- Roof deck
- Public roof space available
Address details
| Neighborhood | Loop |
|---|---|
| Zip code | 60605 |
| Type | Apartment for rent |
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Rent trends in Loop
2-bedroom apartments at 1116 S Michigan Ave #8 cost about 8% less than the average rent price for 2-bedroom apartments in Chicago.
Median rents as of Oct 17 2026.
Loop
Chicago
| Month | Median Rent |
|---|---|
| November 2024 | $2,621 |
| December 2024 | $2,508 |
| January 2025 | $2,470 |
| February 2025 | $2,498 |
| March 2025 | $2,508 |
| April 2025 | $2,495 |
| May 2025 | $2,498 |
| June 2025 | $2,498 |
| July 2025 | $2,550 |
| August 2025 | $2,491 |
| September 2025 | $2,419 |
| October 2025 | $2,402 |
| November 2025 | $2,428 |
| December 2025 | $2,348 |
| January 2026 | $2,436 |
| February 2026 | $2,425 |
| March 2026 | $2,537 |
| April 2026 | $2,503 |
| May 2026 | $2,574 |
| June 2026 | $2,595 |
| July 2026 | $2,536 |
| August 2026 | $2,512 |
| September 2026 | $2,518 |
| October 2026 | $2,661 |
| Month | Median Rent |
|---|---|
| November 2024 | $3,700 |
| December 2024 | $3,218 |
| January 2025 | $3,327 |
| February 2025 | $3,409 |
| March 2025 | $3,444 |
| April 2025 | $3,502 |
| May 2025 | $3,636 |
| June 2025 | $3,712 |
| July 2025 | $3,848 |
| August 2025 | $3,753 |
| September 2025 | $3,711 |
| October 2025 | $3,620 |
| November 2025 | $3,516 |
| December 2025 | $3,555 |
| January 2026 | $3,639 |
| February 2026 | $3,599 |
| March 2026 | $3,746 |
| April 2026 | $3,926 |
| May 2026 | $3,950 |
| June 2026 | $3,903 |
| July 2026 | $3,885 |
| August 2026 | $3,889 |
| September 2026 | $3,801 |
| October 2026 | $3,854 |
Affordability calculator
Can I afford to live at 1116 S Michigan Ave #8?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$142,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $142,000 annually to afford this 2-bedrooms monthly rent price of $3,550.
For more information on rent affordability, visit our rent calculator.
Schools near 1116 S Michigan Ave #8
South Loop Elementary School
1212 s plymouth ct
chicago, IL, 60605
PK, K-8Public
B+
Bridgeport Child Development Center
3053 s normal ave
chicago, IL, 60616
PKPublic
Ruben Salazar Bilingual Center
160 w wendell st
chicago, IL, 60610
PK, K-8Public
C+
Chicago Commons Guadalupano Family Center
1814 s paulina ave
chicago, IL, 60608
PKPublic
Rudolph Elementary Learning Center
1628 w washington blvd
chicago, IL, 60612
PK, K-7Public
C+
Neighborhood
Loop | Chicago, IL
Getting around Chicago near 1116 S Michigan Ave #8
Walking
10/10
No car? No problem. Everything you need is within a few blocks.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
9/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.
Transit
10/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 1116 S Michigan Ave #8, Chicago
Groceries
10/10
Exceptional variety of groceries within a few minutes' walk
Shopping
10/10
Exceptional variety of shops within a few minutes’ walk
Cafes
10/10
Exceptional variety of cafés within a few minutes’ walk
Restaurants
10/10
Exceptional variety of restaurants within a few minutes’ walk
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Parks
10/10
Exceptionally large amount of park space within a few minutes’ walk
Nightlife
9/10
Exceptional variety of bars right within a few minutes’ walk
Explore the area around 1116 S Michigan Ave #8
Lakeview Market Inc
1118 S Michigan Ave
Trader Joe's
1147 S Wabash Ave
Sky Grocer
1259 S Michigan Ave
Jewel-Osco
1224 S Wabash Ave
Alfa Foods
1300 S Wabash Ave
The Dapper Club
1132 S Wabash Ave
A'neie's Accents & Accessories
1237 S Michigan Ave
H&M
150 W Roosevelt Rd
Advance Uniform Inc
33 E 13th St
Target
1154 S Clark St
Tea Percent
1101 S Wabash Ave
Dunkin'
1231 S Wabash Ave
Stan's Donuts
26 E Roosevelt Rd
Dunkin'
22 E Roosevelt Rd
Bridgeport Coffee House
150 W Roosevelt Rd
Honey Berry Pancakes & Cafe
901 S State St
AO Hawaiian Hideout
1315 S Wabash Ave
Kitty O'Sheas
720 S Michigan Ave
Victory Tap
1416 S Michigan Ave
Buddy Guy's Legends
700 S Wabash Ave
Sweet Bean
1152 S Wabash Ave
Molly's Cupcake
1150 S Wabash Ave
Mr Poppa Gourmet Popcorn
800 S Wells St
Murray's Cheese
1615 S Clark St
Tea Pot Brew Bakery
1802 S Wabash Ave
Garden
Garden
The Garden
Garden
Grant Bark Park
Burger Bar Chicago
1150 S Michigan Ave
Charred Wing Bar
1150 S Michigan Ave
Yolk-South Loop
1120 S Michigan Ave
Subway
1212 S Michigan Ave
Mei's
1108 S Michigan Ave
Michigan / Roosevelt
Cottage Grove, King Drive, 16th / 18th, Cottage Grove Express, Bronzeville / Union Station
Roosevelt / Michigan
Roosevelt, Inner Lake Shore / Michigan Express, Museum Campus
Roosevelt / Michigan / Indiana
Roosevelt, Inner Lake Shore / Michigan Express, Museum Campus
Michigan / Roosevelt
Cottage Grove, King Drive, Cottage Grove Express, Bronzeville / Union Station
Michigan / 11th Street
Cottage Grove, King Drive, Cottage Grove Express, Bronzeville / Union Station
Museum Campus / 11th St.
Lakeshore Corridor, Monon Corridor
Museum Campus / 11th St.
Metra Electric
Van Buren St.
Metra Electric
Van Buren St.
Lakeshore Corridor, Monon Corridor
Lasalle Street
Rock Island
Roosevelt
Red Line, Orange Line, Green Line
Harrison
Red Line
Harold Washington Library-State / Van Buren
Brown Line, Orange Line, Pink Line, Purple Line
LaSalle
Blue Line
Jackson (Red)
Red Line
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