Zumper

1550 W Monroe St
1550 W Monroe St, Chicago, IL 60607, USA

Apartment for rent
Pet friendly
Monthly rent
$2,495–$5,250
Beds1–3
Baths1–3
Sqft–
modified
Listed 1 Hour Ago

Property Overview

Located in Chicago’s West Loop, 1550 W Monroe St combines strong nearby school options with convenient access to everyday services, including a grocery store within a short drive. On-site amenities such as a private conference room, fitness center, and resident lounge support wellness and offer appealing spaces for work, exercise, and relaxation. Ample natural light, outdoor areas including patios or balconies, and proximity to multiple dog parks and walkable transit-friendly surroundings further enhance livability, and the extensive photo set helps renters quickly understand the property’s offerings.

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
  • Extra Storage
  • Images available

Great for

  • Pet owners
  • Wellness
  • Social life

Highlights

  • Pet Friendly

Units

1550 W Monroe St Chicago, IL

New Listing

1-1

Our team has verified this company

1 Bed

1 Bath

$2,495

Listed on 08/04/2026
Listed by Dorothy Moody
Disclaimer: Our brokerage provides tenant introductions and representation to renters as part of the leasing process. We do not charge or collect any fees from tenants and do not handle lease transactions directly. Compensation is received from landlords or property management companies for brokerage services upon successful lease execution. Hotspot Apartment Rentals LLC Illinois Licensed Real Estate Brokerage (#481.011892), Designated Managing Broker: Dorothy Moody (#471.006436), Virtual Office License Number 495.000153. Office of Record (mailing address only): One North Franklin Street, Suite 1200 Chicago IL 60606, Phone: (312) 782-8404 This website constitutes the virtual office of Hotspot Apartment Rentals LLC as authorized by the Illinois Department of Financial and Professional Regulation (IDFPR) under 225 ILCS 454/5-45(d). Disclaimer: PRICING COULD BE NET EFFECTIVE OF SPECIALS, please ask if there is one. Photos may not be of exact unit available and may be of va

New Listing

3-3

Our team has verified this company

3 Beds

3 Baths

$5,250

Listed on 08/04/2026
Listed by Dorothy Moody
Disclaimer: Our brokerage provides tenant introductions and representation to renters as part of the leasing process. We do not charge or collect any fees from tenants and do not handle lease transactions directly. Compensation is received from landlords or property management companies for brokerage services upon successful lease execution. Hotspot Apartment Rentals LLC Illinois Licensed Real Estate Brokerage (#481.011892), Designated Managing Broker: Dorothy Moody (#471.006436), Virtual Office License Number 495.000153. Office of Record (mailing address only): One North Franklin Street, Suite 1200 Chicago IL 60606, Phone: (312) 782-8404 This website constitutes the virtual office of Hotspot Apartment Rentals LLC as authorized by the Illinois Department of Financial and Professional Regulation (IDFPR) under 225 ILCS 454/5-45(d). Disclaimer: PRICING COULD BE NET EFFECTIVE OF SPECIALS, please ask if there is one. Photos may not be of exact unit available and may be of va

Amenities for 1550 W Monroe St

Some units at this address have these amenities. View unit details for more information.

Building
  • Dogs Ok
  • Cats Ok
  • On-Site Laundry
  • Business Center
  • Outdoor Space
  • Package Service
  • Roof Deck
  • Controlled Access
  • Residents Lounge
  • Fitness Center
  • Elevator
Unit Amenities
  • On-Site Laundry
  • Dishwasher
  • Balcony
  • Fitness Center
  • In-Unit Laundry
  • Hardwood Floor
  • High Ceilings
  • Central Heat
  • Microwave
  • Air Conditioning

Policies at 1550 W Monroe St

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?

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About 1550 W Monroe St

HomeApartments in ChicagoNear West Side 1550 W Monroe St #3-3, Chicago, IL 60607, USA

Interested in leasing 1550 W Monroe St, Chicago, IL 60607, USA? Currently, 1550 W Monroe St, Chicago, IL 60607, USA is available to rent or lease. It is a 3-bedroom apartment with 3 bathrooms. Below, you can compare the rent price at 1550 W Monroe St, Chicago, IL 60607, USA vs overall rent prices in Near West Side, IL. We have compiled nearby businesses and things to do close to 1550 W Monroe St, Chicago, IL 60607, USA.

Address details

Units6
Units available2
Neighborhood
City
Zip code60607

1550 W Monroe St #3-3 is great for:

Pet owners

  • Outdoor spaces are available at this property
  • 9 pet grooming services nearby
  • 30 pet supply stores near the property
  • 4 dog parks within 1 mile

Wellness

  • On-site fitness center or gym
  • Ample windows and natural lighting
  • HVAC systems available onsite
  • This property has patios or balconies for fresh air

Social life

  • Areas nearby are accessible by walking
  • Community gathering spaces on-site (lounges, rooftops, etc.)
  • The area has transit options
  • This community has public spaces on site, like fitness centers or pools

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 1550 W Monroe St, Chicago, IL 60607, USA compares to other nearby properties.

Positives

Central heat
This address offers a climate controlled environment
Extra Storage
Upgraded in-unit features
Images available
There are at least 10 photos of this address
Laundry available on site
Washers and dryers are available in-building or in-unit
Roof deck
Access to public roof space

Considerations

No covered parking
Garage or covered parking isn't listed as an amenity here

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Rent trends in Chicago

1-bedroom apartments here are priced 11% lower than 1-bedrooms in Near West Side.

3-bedroom apartments at 1550 W Monroe St #3-3 cost about 1% less than the average rent price for 3-bedroom apartments in Near West Side.

Median rents as of Aug 1 2026.
Near West Side
Chicago
A table of studio rental data trends in Chicago
MonthMedian Rent
August 2024$1,675
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$1,684
June 2026$1,691
July 2026$1,658
August 2026$1,650
A table of studio rental data trends in Near West Side
MonthMedian Rent
August 2024$2,250
September 2024$2,312
October 2024$2,106
November 2024$2,128
December 2024$1,980
January 2025$1,976
February 2025$2,042
March 2025$2,121
April 2025$2,190
May 2025$2,273
June 2025$2,267
July 2025$2,256
August 2025$2,211
September 2025$2,108
October 2025$2,092
November 2025$2,060
December 2025$2,087
January 2026$2,112
February 2026$2,184
March 2026$2,301
April 2026$2,339
May 2026$2,360
June 2026$2,370
July 2026$2,354
August 2026$2,310

Affordability calculator

Can I afford to live at 1550 W Monroe St?

Bedrooms

Rent-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

$99,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $99,800 annually to afford this 1-bedroom monthly rent price of $2,495.
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.
Check out the past listing prices for monthly rent at 1550 W Monroe St, Chicago, IL.
3 months ago$2,6951 bed1 bath
4 months ago$2,5001 bed1 bath
4 months ago$2,7951 bed1 bath
9 months ago$5,5004 bed4 bath
9 months ago$3,2001 bed1 bath
9 months ago$5,5004 bed4 bath
9 months ago$4,9503 bed3 bath
9 months ago$3,2001 bed1 bath
10 months ago$3,9504 bed4 bath

Schools near 1550 W Monroe St #3-3

Rudolph Elementary Learning Center

1628 w washington blvd

chicago, IL, 60612

PK, K-7Public
C+

Skinner Elementary School

111 s throop st

chicago, IL, 60607

PK, K-8Public
A-

Chicago Commons Guadalupano Family Center

1814 s paulina ave

chicago, IL, 60608

PKPublic

Kellman Corporate Community Elementary School

3030 w arthington st

chicago, IL, 60612

PK, K-8Public
C-

Skinner North Elementary School

640 w scott st

chicago, IL, 60610

K-8Public
A-
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Getting around Chicago near 1550 W Monroe St

Walking

10/10
No car? No problem. Everything you need is within a few blocks.

Driving

5/10
This area is accessible to thoroughfares and has ample parking options.

Cycling

8/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

9/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.

Points of interest for 1550 W Monroe St, Chicago

Groceries

8/10
At least one supermarket within a 10-minute walk

Shopping

9/10
Wide variety of shops within a few minutes' walk

Cafes

8/10
Several 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

10/10
At least one high school within a 5-minute walk

Parks

8/10
Large amount of park space nearby

Nightlife

8/10
Wide variety of bars within a few minutes' walk

Explore the area around 1550 W Monroe St

West Loop Market
1222 W Madison St
Aum Food Mart
901 S Ashland Ave
Conte Di Savoia
1438 W Taylor St
Abunaw, Elizabeth E
1510 W Grand Ave
Tempesta Market
1372 W Grand Ave

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