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modified
5+ Days Ago

Highlights

  • Pet Friendly
  • Stainless steel appliances
  • Laundry facility
  • Outdoor pool
  • Granite countertops
  • Carpet
  • On-site parking

Location

1123 S Michigan Ave, Chicago, IL 60605, USA|Loop

Property Overview

Featuring stainless steel appliances and granite countertops, this property offers attractive modern amenities alongside an outdoor pool and on-site laundry facility. It excels in social life with its proximity to diverse restaurants and community spaces, while also being pet-friendly with multiple dog parks and grooming services nearby. Additionally, on-site fitness options and access to numerous parks support an active lifestyle, enhancing its appeal as a well-rounded living space.

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

  • Less expensive
  • Elementary school nearby
  • Images Available

Great for

  • Social life
  • Pet owners
  • Wellness

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$2,009–$2,375

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N/A

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N/A

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$1,895–$2,795

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Rent trends in Loop

studio apartments at 1123 S Michigan Ave cost about 15% less than the average rent price for studio apartments in Chicago.

Median rents as of May 2 2026.
Loop
Chicago
A table of studio rental data trends in Chicago
MonthMedian Rent
May 2024$1,755
June 2024$1,764
July 2024$1,931
August 2024$1,691
September 2024$1,682
October 2024$1,630
November 2024$1,568
December 2024$1,501
January 2025$1,483
February 2025$1,495
March 2025$1,520
April 2025$1,512
May 2025$1,502
June 2025$1,531
July 2025$1,580
August 2025$1,516
September 2025$1,473
October 2025$1,495
November 2025$1,520
December 2025$1,495
January 2026$1,496
February 2026$1,516
March 2026$1,657
April 2026$1,637
May 2026$1,665
A table of studio rental data trends in Loop
MonthMedian Rent
May 2024$1,998
June 2024$2,079
July 2024$2,594
August 2024$2,463
September 2024$2,515
October 2024$2,341
November 2024$2,238
December 2024$1,938
January 2025$1,954
February 2025$1,989
March 2025$2,042
April 2025$2,107
May 2025$2,162
June 2025$2,195
July 2025$2,212
August 2025$2,210
September 2025$2,216
October 2025$2,186
November 2025$2,145
December 2025$2,234
January 2026$2,224
February 2026$2,217
March 2026$2,236
April 2026$2,248
May 2026$2,241

Rent history

The increase or decrease in monthly rent compared to the previous listing price.
Check out the past listing prices for monthly rent at 1123 S Michigan Ave, Chicago, IL.
1 year ago$2,780
1 year ago$1,828

Schools near 1123 S Michigan Ave

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+
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Neighborhood

Loop | Chicago, IL

NEIGHBORHOOD VIBE
Lively and energetic
You’ll be in the heart of the action in this bustling and vibrant area with plenty of shopping, nightlife, and culture.

Getting around Chicago near 1123 S Michigan Ave

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 1123 S Michigan Ave, Chicago

Groceries

10/10
At least one supermarket within a 5-minute walk

Shopping

10/10
Exceptional variety of shops within a few minutes’ walk

Cafes

9/10
Exceptional variety of cafés within a few minutes’ walk

Restaurants

9/10
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

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