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505 Madison Ave
505 Madison Ave, Calumet City, IL 60409, USA

Apartment for rent
Monthly rent
$1,175
Beds1
Baths1
Sqft595
modified
Updated 22 Hours Ago

Units

505 Madison Ave Calumet City, IL

New Listing

505-3D

1 Bed

1 Bath

$1,175

Listed on 07/16/2026
Listed by Madison Apartment Homes - 505-3D
Days on market: 1
Section 8 Welcome! NO SMOKING NO PETS NO EVICTIONS. All tenants over 18 are required to apply Credit/Background check required. Min credit score 550. Security deposit based on credit score. The residents of Calumet City, a charming suburban city south of Chicago, enjoy a top-notch environment among the many suburbs in the area. Their efforts to redefine the area are shown in the city's breathtaking parks and casual, family-oriented entertainment. Calumet City's location roughly 23 miles south of Chicago grants residents the benefits of urbanization, but the area proudly offers suburban amenities, including its many neatly landscaped residential streets and living expenses lower than those in Chicago. Great schools and access to Interstate 90, 94, and 294 makes this a great choice for families and the commuting crowd alike.

New Listing

1 Bed, 1 Bath

1 Bed

1 Bath

$1,175

Listed on 07/16/2026
Days on market: 1
Section 8 Welcome! NO SMOKING NO PETS NO EVICTIONS. All tenants over 18 are required to apply Credit/Background check required. Min credit score 550. Security deposit based on credit score. The residents of Calumet City, a charming suburban city south of Chicago, enjoy a top-notch environment among the many suburbs in the area. Their efforts to redefine the area are shown in the city's breathtaking parks and casual, family-oriented entertainment. Calumet City's location roughly 23 miles south of Chicago grants residents the benefits of urbanization, but the area proudly offers suburban amenities, including its many neatly landscaped residential streets and living expenses lower than those in Chicago. Great schools and access to Interstate 90, 94, and 294 makes this a great choice for families and the commuting crowd alike.

Amenities for 505 Madison Ave

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

Building
  • On-Site Laundry
Unit Amenities
  • On-Site Laundry
  • Air Conditioning
  • Carpet
  • In-Unit Laundry

Policies at 505 Madison Ave

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

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About 505 Madison Ave

HomeApartments in Calumet City 505 Madison Ave Apt 3d #505-3D, Calumet City, IL 60409, USA

Interested in leasing 505 Madison Ave, Calumet City, IL 60409, USA? Currently, 505 Madison Ave, Calumet City, IL 60409, USA is available to rent or lease. It is a 1-bedroom apartment with 1 bathroom. Below, you can compare the rent price at 505 Madison Ave, Calumet City, IL 60409, USA vs overall rent prices in Calumet City, IL. We have compiled nearby businesses and things to do close to 505 Madison Ave, Calumet City, IL 60409, USA. There are income restricted units at this address.

Address details

Units7
Units available2
City
Zip code60409

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 505 Madison Ave, Calumet City, IL 60409, USA compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 1 mile away
Images available
There are at least 10 photos of this address

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Rent trends in Calumet City

1-bedroom apartments here are priced about the same as 1-bedrooms in Calumet City.

Median rents as of Jan 3 2026.
Calumet City
A table of studio rental data trends in Calumet City
MonthMedian Rent
September 2024$841
October 2025$895
December 2025$1,258
January 2026$1,275

Affordability calculator

Can I afford to live at 505 Madison Ave?

Bedrooms

1 bedroom

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

$47,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $47,000 annually to afford this 1-bedroom median monthly rent price of $1,175.
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 505 Madison Ave Apt 3d, Calumet City, IL.
1 year ago$1,1501 bed1 bath
2 years ago$9951 bed1 bath
3 years ago$1,2502 bed1 bath
4 years ago$8751 bed1 bath
4 years ago$9001 bed1 bath
4 years ago$9001 bed1 bath
4 years ago$9001 bed1 bath
4 years ago$9001 bed1 bath
5 years ago$9502 bed1 bath

Schools near 505 Madison Ave Apt 3d #505-3D

Diekman Elementary School

15121 dorchester ave

dolton, IL, 60419

PK, K-6Public
D+

Carol Moseley Braun School

1655 153rd st

calumet city, IL, 60409

1-6Public
D+

Lincoln Elementary School

410 157th st

calumet city, IL, 60409

PK, K-8Public
C-

Burnham Elementary School

13945 s green bay ave

burnham, IL, 60633

PK, K-8Public
C-

Gen. George Patton Elementary School

13700 s stewart ave

riverdale, IL, 60827

PK, K-8Public
D-
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Getting around Calumet City near 505 Madison Ave

Walking

6/10
Some shops and stores are within a few minutes.

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 505 Madison Ave, Calumet City

Groceries

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

Shopping

6/10
Variety of shops within a short drive

Cafes

3/10
Some cafés within a short drive

Restaurants

7/10
Wide variety of restaurants within a short drive, including some within walking distance

Primary schools

7/10
At least one elementary school within a 15-minute walk

High schools

6/10
At least one high school within a 20-minute walk

Parks

8/10
Large amount of park space nearby

Nightlife

4/10
Variety of bars within a short drive

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