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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
Great for
Apartment Amenities
| Central Air | Fireplace |
| Hardwood Floor | High Ceilings |
| Natural Gas |
Appliances
| Dishwasher | In-Unit Laundry |
Building
| Fitness Center |
Grounds
| Assigned Parking | Garage Parking |
| Storage |
Other
| Four Rooms |
One-time.
One-time. Refundable.
Assigned Parking
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Property Status: Active Bright and spacious loft in the Historic Landmark Lofts building at 1516 S. This unit features 11-foot ceilings, a fireplace, and new LVT flooring in the living area. A wall of windows spans the length of the unit, offering west-facing sunset views. Additional features include in-unit washer and dryer and ample closet space. Building amenities include a fitness room and additional storage. One indoor garage parking space is included. Cable and internet are included in the monthly HOA. Convenient South Loop location near public transportation, grocery stores, and neighborhood amenities. Office Phone: (773) 770-8001 Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
How 1516 S Wabash Ave Apt 708, Chicago, IL 60605, USA compares to other nearby properties.
Positives
Considerations
| Neighborhood | South Loop |
|---|---|
| Zip code | 60605 |
| Type | House for rent |
1-bedroom apartments at 1516 South Wabash Avenue #508 cost about 13% less than the average rent price for 1-bedroom apartments in Chicago.
| Month | Median Rent |
|---|---|
| December 2023 | $2,143 |
| January 2024 | $2,165 |
| February 2024 | $2,174 |
| March 2024 | $2,319 |
| April 2024 | $2,180 |
| May 2024 | $2,248 |
| June 2024 | $2,337 |
| July 2024 | $2,354 |
| August 2024 | $2,210 |
| September 2024 | $2,235 |
| October 2024 | $2,200 |
| November 2024 | $2,118 |
| 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 |
| Month | Median Rent |
|---|---|
| December 2023 | $2,332 |
| January 2024 | $2,292 |
| February 2024 | $2,236 |
| March 2024 | $2,212 |
| April 2024 | $2,271 |
| May 2024 | $2,359 |
| June 2024 | $2,326 |
| July 2024 | $2,294 |
| August 2024 | $2,297 |
| September 2024 | $2,252 |
| October 2024 | $2,272 |
| November 2024 | $2,280 |
| December 2024 | $2,207 |
| January 2025 | $2,194 |
| February 2025 | $2,212 |
| March 2025 | $2,236 |
| April 2025 | $2,288 |
| May 2025 | $2,380 |
| June 2025 | $2,364 |
| July 2025 | $2,507 |
| August 2025 | $2,429 |
| September 2025 | $2,383 |
| October 2025 | $2,321 |
| November 2025 | $2,200 |
| December 2025 | $2,250 |
Can I afford to live at 1516 South Wabash Avenue #508?
Bedrooms
1 bedroomRent-to-income ratio
30%
$78,000/yr
| Bath | |||||
|---|---|---|---|---|---|
| 7 months ago | $2,400 | 2 bed | 1 bath | ||
| 1 year ago | $1,950 | 1 bed | 1 bath | ||
| 1 year ago | $2,150 | 1 bed | 1 bath | ||
| 1 year ago | $2,250 | 1 bed | 1 bath | ||
| 2 years ago | $2,675 | 2 bed | 1.5 bath | ||
| 2 years ago | $2,800 | 2 bed | 1.5 bath | ||
| 2 years ago | $1,995 | 1 bed | 1 bath | ||
| 2 years ago | $2,800 | 2 bed | 1.5 bath | ||
| 2 years ago | $2,500 | 1 bed | 1 bath |
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Occupied
2 Beds
1.5 Baths
$2,800
Walk-In Closets • On-Site Laundry • High Ceilings • Air Conditioning • Balcony
Occupied
Room
1 Bath
$1,100
Dishwasher • Hardwood Floor • Deck • In-Unit Laundry • High Ceilings • Air Conditioning
Occupied
1 Bed
1 Bath
$1,500
Dishwasher • Hardwood Floor • In-Unit Laundry • On-Site Laundry • Carpet • High Ceilings
Occupied
1 Bed
1 Bath
$1,550
Fireplace • Hardwood Floor • On-Site Laundry
Occupied
1 Bed
1 Bath
$1,550
Fireplace • Hardwood Floor • On-Site Laundry
Occupied
1 Bed
1 Bath
$1,650
Dishwasher • Hardwood Floor • In-Unit Laundry • On-Site Laundry • Carpet • Air Conditioning
Occupied
1 Bed
1 Bath
$1,700
Dishwasher • Hardwood Floor • In-Unit Laundry • Carpet • Air Conditioning • Assigned Parking
Occupied
1 Bed
1 Bath
$1,800
Dishwasher • Fireplace • In-Unit Laundry
Occupied
1 Bed
1 Bath
$1,850
Dishwasher • Hardwood Floor • In-Unit Laundry • Carpet • Air Conditioning • Fireplace
Occupied
1 Bed
1.5 Baths
$1,850
Hardwood Floor • On-Site Laundry • Carpet • Air Conditioning • Fireplace • Balcony
Occupied
1 Bed
1.5 Baths
$1,900
Hardwood Floor • On-Site Laundry • Carpet • Air Conditioning • Fireplace • Balcony
Occupied
1 Bed
1 Bath
$1,995
Dishwasher • Hardwood Floor • Deck • On-Site Laundry • In-Unit Laundry • High Ceilings
Occupied
1 Bed
1 Bath
$2,000
Dishwasher • Ceiling Fan • Hardwood Floor • In-Unit Laundry • Walk-In Closets • Carpet
Occupied
1 Bed
1 Bath
$2,150
Hardwood Floor • In-Unit Laundry • On-Site Laundry • Air Conditioning • Assigned Parking • Fireplace
Occupied
1 Bed
1 Bath
$2,250
Dishwasher • Hardwood Floor • In-Unit Laundry • On-Site Laundry • Air Conditioning • Fitness Center
Occupied
1 Bed
1.5 Baths
$2,400
Dishwasher • Fireplace • In-Unit Laundry
Occupied
2 Beds
1 Bath
$1,995
In-Unit Laundry • Balcony
Occupied
2 Beds
1.5 Baths
$2,200
Dishwasher • Hardwood Floor • In-Unit Laundry • High Ceilings • Air Conditioning • Fireplace
Occupied
2 Beds
1.5 Baths
$2,200
Dishwasher • Ceiling Fan • Hardwood Floor • In-Unit Laundry • On-Site Laundry • Carpet
Occupied
2 Beds
2 Baths
$2,275
Dishwasher • Hardwood Floor • In-Unit Laundry • Carpet • High Ceilings • Air Conditioning
Occupied
2 Beds
1 Bath
$2,300
Dishwasher • Hardwood Floor • In-Unit Laundry • Walk-In Closets • On-Site Laundry • Air Conditioning
Occupied
2 Beds
2 Baths
$2,300
Balcony
Occupied
2 Beds
1.5 Baths
$2,400
Dishwasher • Hardwood Floor • In-Unit Laundry • On-Site Laundry • Air Conditioning • Fireplace
Occupied
2 Beds
2 Baths
$2,400
Occupied
2 Beds
2 Baths
$2,400
Dishwasher • Hardwood Floor • In-Unit Laundry • Air Conditioning • Fireplace • Balcony
Occupied
2 Beds
2 Baths
$2,500
Air Conditioning • Hardwood Floor • Walk-In Closets • Balcony
Occupied
2 Beds
2 Baths
$2,600
Dishwasher • Hardwood Floor • In-Unit Laundry • On-Site Laundry • Carpet • Air Conditioning
Occupied
2 Beds
2 Baths
$2,650
Dishwasher • Ceiling Fan • Deck • In-Unit Laundry • Air Conditioning • Assigned Parking
Occupied
2 Beds
2 Baths
$2,800
Dishwasher • Hardwood Floor • In-Unit Laundry • On-Site Laundry • Air Conditioning • Fireplace
Occupied
2 Beds
2 Baths
$3,000
Dishwasher • Ceiling Fan • Hardwood Floor • In-Unit Laundry • On-Site Laundry • Air Conditioning
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