Updated 14 Hours Ago
Highlights
Pet Friendly
Location
1123 S Michigan Ave, Chicago, IL 60605, USA|Loop
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Property Overview
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
- Central heat
Great for
Social life
Pet owners
Wellness
Amenities for 1123 S Michigan Ave, Loop
Apartment Amenities
| Air Conditioning | Central Heat |
| Dryer | Forced Air |
| Hardwood Floor |
Appliances
| Dishwasher | In-Unit Laundry |
Building
| Cats OK | Controlled Building |
| Dogs OK | EV Charging |
| Fitness Center | Onsite Laundry |
| Roof Deck | Security Cameras |
Grounds
| Garage Parking | Swimming Pool |
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 1123 S Michigan Ave
Sweet deal!
This listing is 22% below the median price for 1 bedroom apartments in Loop.
Property Id: 9V4UTXG6 This South Loop one-bedroom apartment offers a comfortable layout with a balance of privacy and open living space, along with a spacious bedroom that provides plenty of room to unwind. Select units include a kitchen island and a kitchen open to the living area, enhancing functionality and flow. Wood flooring in the living area (in renovated units) and central heating and air conditioning round out the interior features. Select renovated one-bedroom apartments also include in-unit laundry, and card-operated laundry facilities are available on-site as well for added convenience. The South Loop location places residents close to Grant Park, the Field Museum, and the lakefront. Building amenities include an outdoor pool and sundeck with cabanas and firepits, a fully equipped fitness center, a resident party room, and a wine cellar. A 24-hour door staff supports this smoke-free community. Cats and dogs are welcome, with a dedicated dog run and warming deck available. On-site parking is available for an additional charge. Pricing is net effective of promotion.
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 1123 S Michigan Ave, Chicago, IL 60605, USA compares to other nearby properties.
Positives
- Less expensive
- Studio units are cheaper than other similar listings nearby
- Elementary school nearby
- There is an elementary school 0.2 miles away
- Central heat
- Climate controlled environment
- Images Available
- There are at least 10 photos of this property
- 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
1-bedroom apartments at 1123 S Michigan Ave cost about 22% less than the average rent price for 1-bedroom apartments in Chicago.
Median rents as of Nov 7 2026.
Loop
Chicago
| Month | Median Rent |
|---|---|
| November 2024 | $2,074 |
| December 2024 | $1,961 |
| January 2025 | $1,932 |
| February 2025 | $1,991 |
| March 2025 | $2,036 |
| April 2025 | $2,050 |
| May 2025 | $2,040 |
| June 2025 | $2,012 |
| July 2025 | $2,172 |
| August 2025 | $2,064 |
| September 2025 | $1,986 |
| October 2025 | $1,940 |
| November 2025 | $1,952 |
| December 2025 | $1,950 |
| January 2026 | $1,997 |
| February 2026 | $2,041 |
| March 2026 | $2,232 |
| April 2026 | $2,219 |
| May 2026 | $2,257 |
| June 2026 | $2,198 |
| July 2026 | $2,192 |
| August 2026 | $2,189 |
| September 2026 | $2,195 |
| October 2026 | $2,304 |
| November 2026 | $2,320 |
| Month | Median Rent |
|---|---|
| November 2024 | $2,449 |
| December 2024 | $2,355 |
| January 2025 | $2,381 |
| February 2025 | $2,427 |
| March 2025 | $2,485 |
| April 2025 | $2,549 |
| May 2025 | $2,602 |
| June 2025 | $2,640 |
| July 2025 | $2,725 |
| August 2025 | $2,630 |
| September 2025 | $2,564 |
| October 2025 | $2,575 |
| November 2025 | $2,449 |
| December 2025 | $2,499 |
| January 2026 | $2,504 |
| February 2026 | $2,535 |
| March 2026 | $2,652 |
| April 2026 | $2,678 |
| May 2026 | $2,745 |
| June 2026 | $2,722 |
| July 2026 | $2,705 |
| August 2026 | $2,656 |
| September 2026 | $2,661 |
| October 2026 | $2,668 |
| November 2026 | $2,678 |
Affordability calculator
Can I afford to live at 1123 S Michigan Ave?
Bedrooms
1 bedroomRent-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
$84,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $84,000 annually to afford this 1-bedroom monthly rent price of $2,100.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| 1 year ago | $2,780 | Studio | 1 bath |
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+
Neighborhood
Loop | Chicago, IL
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
Exceptional variety of groceries within a few minutes' walk
Shopping
9/10
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
Other units at this address
1123 S Michigan Ave, Chicago, IL
1123 S Michigan Ave Chicago, IL
Occupied
Studio, 1 Bath
Studio
1 Bath
$1,900
Dishwasher • Fitness Center • In-Unit Laundry • Hardwood Floor • Carpet • On-Site Laundry
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