10 Hours Ago
Highlights
Pet Friendly
Location
1197 S Michigan Ave, Chicago, IL 60605, USA|Loop
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Amenities for 1197 S Michigan Ave, Loop
Apartment Amenities
| Carpet | Concrete |
| Forced Air | Freezer |
| Hardwood Floor |
Appliances
| Dishwasher | Microwave |
| Range/Oven | Refrigerator |
Tech
| Cable Ready |
Building
| Business Center | Cats OK |
| Dogs OK | Fitness Center |
| Onsite Laundry |
Grounds
| Garage Parking |
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 |
|---|
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About 1197 S Michigan Ave
Sweet deal!
This listing is 18% below the median price for studio apartments in Loop.
Property Id: 1390609 Some of the amenities include a fitness center, on site maintenance, a business center, dry cleaners, a 24 hour door person, party room. South Loop location! Trader Joes, Target, Jewel and Whole Foods are all down the street, not to mention the museums, shops, restaurants and bars that are right outside your doorsteps. The Roosevelt train stop as well as the Michigan bus are walking distance. Walk to Columbia College or drive down to University of Chicago in Hyde Park. Parking is available for an additional cost but there is outdoor neighborhood permit parking is also an option just a few blocks away. Call to schedule a showing!!! Disclaimer: 12 month lease term unless otherwise noted. Pricing, availability and specials are subject to change at any time without notice. Information above is believed to be accurate; however is subject to errors and omissions. Photos may be of model unit. Actual available apartment may vary.
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 1197 S Michigan Ave compares to other nearby properties.
Considerations
- Grow a garden indoors
- A balcony, backyard, or shared outdoor space isn't available
Address details
| Neighborhood | Loop |
|---|---|
| Zip code | 60605 |
| Type | Apartment for rent |
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Rent trends in Loop
studio apartments at 1197 S Michigan Ave cost about 18% less than the average rent price for studio apartments in Chicago.
Median rents as of Jan 31 2026.
Loop
Chicago
| Month | Median Rent |
|---|---|
| February 2024 | $1,627 |
| March 2024 | $1,926 |
| April 2024 | $1,745 |
| May 2024 | $1,751 |
| 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 |
| Month | Median Rent |
|---|---|
| February 2024 | $1,928 |
| March 2024 | $2,511 |
| April 2024 | $2,200 |
| May 2024 | $1,987 |
| 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 |
Affordability calculator
Can I afford to live at 1197 S Michigan Ave?
Bedrooms
StudioRent-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
$74,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $74,000 annually to afford this studio monthly rent price of $1,850.
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.| 1 year ago | $1,600 |
Schools near 1197 S Michigan Ave
South Loop Elementary School
1212 s plymouth ct
chicago, IL, 60605
PK, K-8Public
B+
Ruben Salazar Bilingual Center
160 w wendell st
chicago, IL, 60610
PK, K-8Public
C+
Skinner North Elementary School
640 w scott st
chicago, IL, 60610
K-8Public
A-
Thomas Early Childhood Center
3625 s hoyne ave
chicago, IL, 60609
PKPublic
Kellman Corporate Community Elementary School
3030 w arthington st
chicago, IL, 60612
PK, K-8Public
C-
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Internet available near 1197 S Michigan Ave
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 1197 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 1197 S Michigan Ave, Chicago
Groceries
9/10
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 15-minute walk
High schools
7/10
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
Wide variety of bars within a few minutes' walk
Explore the area around 1197 S Michigan Ave
Sky Grocer
1259 S Michigan Ave
Trader Joe's
1147 S Wabash Ave
Lakeview Market Inc
1118 S Michigan Ave
Jewel-Osco
1224 S Wabash Ave
Alfa Foods
1300 S Wabash Ave
A'neie's Accents & Accessories
1237 S Michigan Ave
H&M
150 W Roosevelt Rd
LOFT Stores
150 W Roosevelt Rd
Target
1154 S Clark St
Melt DeSigns Inc
47 W Polk St
Dunkin'
1231 S Wabash Ave
Stan's Donuts
26 E Roosevelt Rd
Dunkin'
22 E Roosevelt Rd
Overflow Coffee Bar
1312 S Wabash Ave
Bridgeport Coffee House
150 W Roosevelt Rd
AO Hawaiian Hideout
1315 S Wabash Ave
Square One
1400 S Michigan Ave
Victory Tap
1416 S Michigan Ave
Insta Bar
1400 S Lake Shore Dr
Honey Berry Pancakes & Cafe
901 S State St
Molly's Cupcake
1150 S Wabash Ave
Sweet Bean
1152 S Wabash Ave
Tea Pot Brew Bakery
1802 S Wabash Ave
TNS Pop Shop
GNC
1228 S Canal St
Daniel Webster Park
Mary Richardson Jones Park
Coliseum Park
Dearborn Park
Cotton Tail Park
Subway
1212 S Michigan Ave
Nepal House
1301 S Michigan Ave
Jimmy John's
1250 S Michigan Ave
Burger Bar Chicago
1150 S Michigan Ave
Charred Wing Bar
1150 S Michigan Ave
Roosevelt / Michigan / Indiana
Roosevelt, Inner Lake Shore / Michigan Express
Michigan / Roosevelt
Cottage Grove, Cottage Grove Express, King Drive, Bronzeville / Union Station
Michigan / Roosevelt
Bronzeville / Union Station, Cottage Grove Express, 16th / 18th, Cottage Grove, King Drive
Michigan / 13th Street
Roosevelt, Cottage Grove, King Drive, Bronzeville / Union Station
Roosevelt / Michigan
Inner Lake Shore / Michigan Express, Roosevelt
Museum Campus / 11th St.
South Shore Line, South Shore Line
Museum Campus/11th St.
Metra Electric
18th St.
Metra Electric
Van Buren St.
South Shore Line, South Shore Line, Metra Electric
LaSalle Street
Rock Island
Roosevelt
Green Line, Orange Line, Orange Line, Green Line
Roosevelt
Red Line, Red Line
Harrison
Red Line, Red Line
Harold Washington Library
Purple Line, Brown Line, Orange Line, Pink Line
Lasalle
Blue Line, Blue Line
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