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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
| Balcony | Carpet |
| Central Air | Fireplace |
| Hardwood Floor | High Ceilings |
| Natural Gas | Radiant |
Appliances
| Dishwasher | In-Unit Laundry |
Building
| Exterior Type: Brick | Six Floors |
Grounds
| Garage Parking | Storage |
Other
| Five Rooms |
One-time.
One-time. Refundable.
Property Status: Active Well-maintained 2BR / 2BA condo for rent in the South Loop. This bright and spacious unit features hardwood floors, granite countertops with island, 12-foot ceilings, floor-to-ceiling windows, and a gas fireplace. Enjoy the convenience of in-unit washer/dryer, a private balcony, new carpet in both bedrooms, and new blinds in the family room. Heat, gas, basic cable, and internet are included in the rent. The unit also comes with bike storage for 2 bikes and garage parking INCLUDED (Space #20). Additional storage lockers can be rented for $100/mo. Prime location just minutes from Shedd Aquarium, Field Museum, Soldier Field, grocery stores, and the Red Line. Bus stop located directly next to the building. Office Phone: (630) 841-9417 Copyright © 2026 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 1631 S Michigan Ave, Chicago, IL 60616, USA compares to other nearby properties.
Positives
Considerations
| Neighborhood | South Loop |
|---|---|
| Zip code | 60616 |
| Type | Condo for rent |
2-bedroom apartments at 1631 S Michigan Ave Apt 301 #301 cost about 6% less than the average rent price for 2-bedroom apartments in Chicago.
| Month | Median Rent |
|---|---|
| February 2024 | $2,722 |
| March 2024 | $2,929 |
| April 2024 | $2,662 |
| May 2024 | $2,648 |
| June 2024 | $2,764 |
| July 2024 | $2,862 |
| August 2024 | $2,702 |
| September 2024 | $2,706 |
| October 2024 | $2,704 |
| November 2024 | $2,621 |
| December 2024 | $2,508 |
| January 2025 | $2,470 |
| February 2025 | $2,498 |
| March 2025 | $2,508 |
| April 2025 | $2,495 |
| May 2025 | $2,498 |
| June 2025 | $2,498 |
| July 2025 | $2,550 |
| August 2025 | $2,491 |
| September 2025 | $2,419 |
| October 2025 | $2,402 |
| November 2025 | $2,428 |
| December 2025 | $2,348 |
| January 2026 | $2,434 |
| Month | Median Rent |
|---|---|
| February 2024 | $3,026 |
| March 2024 | $3,033 |
| April 2024 | $2,899 |
| May 2024 | $2,995 |
| June 2024 | $2,978 |
| July 2024 | $3,020 |
| August 2024 | $2,932 |
| September 2024 | $2,978 |
| October 2024 | $2,949 |
| November 2024 | $2,961 |
| December 2024 | $2,849 |
| January 2025 | $2,865 |
| February 2025 | $2,947 |
| March 2025 | $3,002 |
| April 2025 | $3,023 |
| May 2025 | $3,154 |
| June 2025 | $3,237 |
| July 2025 | $3,286 |
| August 2025 | $3,168 |
| September 2025 | $3,174 |
| October 2025 | $3,099 |
| November 2025 | $2,982 |
| December 2025 | $2,983 |
| January 2026 | $3,017 |
Can I afford to live at 1631 S Michigan Ave Apt 301 #301?
Bedrooms
2 bedroomsRent-to-income ratio
30%
$114,000/yr
| Bath | |||||
|---|---|---|---|---|---|
| Last month | $2,800 | 2 bed | 2 bath | ||
| 4 months ago | $2,850 | 2 bed | 2 bath | ||
| 1 year ago | $2,000 | 1 bed | 1 bath | ||
| 2 years ago | $2,000 | 1 bed | 1 bath | ||
| 2 years ago | $2,000 | 1 bed | 1 bath | ||
| 2 years ago | $2,000 | 1 bed | 1 bath | ||
| 2 years ago | $2,000 | 1 bed | 1 bath | ||
| 2 years ago | $2,000 | 1 bed | 1 bath | ||
| 2 years ago | $2,000 | 1 bed | 1 bath |
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Occupied
1 Bed
1 Bath
$2,000
In-Unit Laundry • Assigned Parking
Occupied
1 Bed
1 Bath
$1,700
Occupied
1 Bed
1 Bath
$1,850
Ceiling Fan • High Ceilings • Fireplace • In-Unit Laundry • Air Conditioning • Hardwood Floor
Occupied
1 Bed
1 Bath
$1,850
Ceiling Fan • High Ceilings • Fireplace • In-Unit Laundry • Air Conditioning • Hardwood Floor
Occupied
1 Bed
1 Bath
$1,975
Fireplace • In-Unit Laundry • Walk-In Closets • Air Conditioning • Central Heat • Furnished
Occupied
1 Bed
1 Bath
$2,000
Ceiling Fan • Carpet • High Ceilings • Fireplace • In-Unit Laundry • Air Conditioning
Occupied
1 Bed
1 Bath
$2,000
Ceiling Fan • High Ceilings • Fireplace • In-Unit Laundry • Air Conditioning • Assigned Parking
Occupied
1 Bed
1 Bath
$2,000
Central Heat • In-Unit Laundry • Air Conditioning • Dishwasher
Occupied
1 Bed
1 Bath
$2,000
Carpet • Fireplace • In-Unit Laundry • Deck • Walk-In Closets • Air Conditioning
Occupied
1 Bed
1 Bath
$2,000
Carpet • Oven • Fireplace • Microwave • In-Unit Laundry • Walk-In Closets
Occupied
1 Bed
1 Bath
$2,000
In-Unit Laundry • Deck • Air Conditioning • Assigned Parking • Hardwood Floor • Dishwasher
Occupied
2 Beds
1.5 Baths
$2,200
In-Unit Laundry
Occupied
2 Beds
1.5 Baths
$2,200
Central Heat • Ceiling Fan • On-Site Laundry
Occupied
2 Beds
1.5 Baths
$2,200
Central Heat • Ceiling Fan • On-Site Laundry • Dishwasher
Occupied
2 Beds
1 Bath
$2,200
Ceiling Fan • High Ceilings • Fireplace • Air Conditioning • Assigned Parking • Hardwood Floor
Occupied
2 Beds
1 Bath
$2,200
Ceiling Fan • High Ceilings • In-Unit Laundry • Air Conditioning • Central Heat • Balcony
Occupied
2 Beds
1.5 Baths
$2,300
Ceiling Fan
Occupied
2 Beds
2 Baths
$2,300
Carpet • High Ceilings • Fireplace • In-Unit Laundry • Walk-In Closets • Air Conditioning
Occupied
2 Beds
2 Baths
$2,350
Carpet • High Ceilings • Fireplace • In-Unit Laundry • Air Conditioning • Hardwood Floor
Occupied
2 Beds
2 Baths
$2,400
Ceiling Fan • Carpet • Fireplace • In-Unit Laundry • Walk-In Closets • Air Conditioning
Occupied
2 Beds
2 Baths
$2,450
Carpet • High Ceilings • Fireplace • In-Unit Laundry • Air Conditioning • Assigned Parking
Occupied
2 Beds
3 Baths
$2,495
High Ceilings • Fireplace • In-Unit Laundry • Air Conditioning • Central Heat • Hardwood Floor
Occupied
2 Beds
2 Baths
$2,500
Fireplace
Occupied
2 Beds
2 Baths
$2,750
Ceiling Fan • High Ceilings • Fireplace • In-Unit Laundry • Air Conditioning • Hardwood Floor
Occupied
2 Beds
2 Baths
$2,800
In-Unit Laundry • Walk-In Closets • Fireplace
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