Updated 5+ Days Ago
Highlights
Pet Friendly
- Dishwasher
- Hardwood floors
- Balcony
- Spacious bedrooms
- Central heat and air
- In unit laundry
Location
506 N May St #1, Chicago, IL 60642, USA|West Town
Tour 506 N May St #1
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Property Overview
Located at 506 N May St #1 in Chicago, this home offers a balanced mix of appealing qualities and practical advantages, with features that stand out for everyday living. It may be a strong fit for those seeking a well-positioned Chicago residence with noteworthy attributes and clear benefits.
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
Less expensive- Middle school nearby
- Central heat
Great for
Wellness
Pet owners
Amenities for 506 N May St #1, West Town
Apartment Amenities
| Air Conditioning | Balcony |
| Central Heat | Deck |
| Double Pane Windows | Hardwood Floor |
| Porch | Private Balcony |
| Terrace | Window Coverings |
Appliances
| Dishwasher |
Tech
| Cable/Satellite |
Building
| Cats OK | Dogs OK |
| Intercom System | New Construction |
| Onsite Laundry |
Grounds
| Gated Entry | Lawn |
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 |
|---|
About 506 N May St #1
Sweet deal!
This listing is 21% below the median price for 2 bedroom apartments in West Town.
Beautiful two bedroom, one bathroom in River West features rehabbed kitchen with modern white cabinets, dishwasher, microwave, large combination living and dining rooms, balcony, hardwood floors, spacious bedrooms, great closet space, rehabbed bathroom, central heat and air, in unit laundry, and pets are welcome. Short walk to Grand Blue Line station! Won't Last Long!
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 506 N May St, Chicago, IL 60642, USA compares to other nearby properties.
Positives
- Less expensive
- Some rentals at this address are cheaper than similar listings nearby
- Middle school nearby
- There is a middle school 2.0 miles away
- Central heat
- This address offers a climate controlled environment
- Images available
- There are at least 10 photos of this address
- Outdoor space
- One or more rentals here have easy access to the outdoors
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 0.5 miles away
Address details
| Neighborhood | West Town |
|---|---|
| Zip code | 60642 |
| Type | Apartment for rent |
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Rent trends in West Town
2-bedroom apartments at 506 N May St #1 cost about 21% less than the average rent price for 2-bedroom apartments in Chicago.
Median rents as of Oct 17 2026.
West Town
Chicago
| Month | Median Rent |
|---|---|
| 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 | $2,436 |
| February 2026 | $2,425 |
| March 2026 | $2,537 |
| April 2026 | $2,503 |
| May 2026 | $2,574 |
| June 2026 | $2,595 |
| July 2026 | $2,536 |
| August 2026 | $2,512 |
| September 2026 | $2,518 |
| October 2026 | $2,661 |
| Month | Median Rent |
|---|---|
| November 2024 | $2,634 |
| December 2024 | $2,512 |
| January 2025 | $2,547 |
| February 2025 | $2,500 |
| March 2025 | $2,497 |
| April 2025 | $2,548 |
| May 2025 | $2,498 |
| June 2025 | $2,498 |
| July 2025 | $2,544 |
| August 2025 | $2,557 |
| September 2025 | $2,541 |
| October 2025 | $2,656 |
| November 2025 | $2,788 |
| December 2025 | $2,735 |
| January 2026 | $2,695 |
| February 2026 | $2,668 |
| March 2026 | $2,795 |
| April 2026 | $2,811 |
| May 2026 | $2,818 |
| June 2026 | $2,787 |
| July 2026 | $2,750 |
| August 2026 | $2,867 |
| September 2026 | $2,850 |
| October 2026 | $2,902 |
Affordability calculator
Can I afford to live at 506 N May St #1?
Bedrooms
2 bedroomsRent-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
$91,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $91,800 annually to afford this 2-bedrooms monthly rent price of $2,295.
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.| Bath | |||||
|---|---|---|---|---|---|
| 2 months ago | $2,295 | 2 bed | 1 bath | ||
| 2 months ago | $2,295 | 2 bed | 1 bath | ||
| 5 years ago | $2,845 | 4 bed | 2 bath | ||
| 8 years ago | $2,845 | 4 bed | 2 bath | ||
| 10 years ago | $1,525 | 2 bed | 1 bath | ||
| 10 years ago | $1,750 | 2 bed | 2 bath |
Schools near 506 N May St #1
Otis Elementary School
525 n armour st
chicago, IL, 60642
PK, K-8Public
C
Rudolph Elementary Learning Center
1628 w washington blvd
chicago, IL, 60612
PK, K-7Public
C+
Skinner North Elementary School
640 w scott st
chicago, IL, 60610
K-8Public
A-
Ruben Salazar Bilingual Center
160 w wendell st
chicago, IL, 60610
PK, K-8Public
C+
Chicago Commons Guadalupano Family Center
1814 s paulina ave
chicago, IL, 60608
PKPublic
Neighborhood
West Town | Chicago, IL
Getting around Chicago near 506 N May St #1
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
7/10
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 506 N May St #1, Chicago
Groceries
10/10
Exceptional variety of groceries within a few minutes' walk
Shopping
10/10
Exceptional variety of shops within a few minutes’ walk
Cafes
10/10
Exceptional variety of cafés within a few minutes’ walk
Restaurants
10/10
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
9/10
At least one high school within a 5-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
10/10
Exceptional variety of bars right within a few minutes’ walk
Explore the area around 506 N May St #1
Bari Italian Subs
1120 W Grand Ave
Gemma Foods
1117 W Grand Ave
Tempesta Market
1372 W Grand Ave
Urban Market
1001 W Chicago Ave
Go Grocer
205 S Peoria St
La Mode Partners
1147 W Ohio St
Skinnycorp LLC
400 N Morgan St
Perpetual Motion
688 N Milwaukee Ave
Patagonia
1115 W Fulton Market
M2057 Style Studio
210 N Morgan St
Starbucks
520 N Ogden Ave
Fairgrounds Coffee & Tea
1330 W Fulton St
Big Shoulders Coffee
1105 W Chicago Ave
Coffee Junkie
1105 W Chicago Ave
Uncooked
210 N Carpenter St
Butterfly Sushi Bar | Thai Cuisine
1139 W Grand Ave
Bar Tabu
401 N Morgan St
Tetto
406 N Sangamon St
Six Nine Four LLC
694 N Milwaukee Ave
Sushi By Bou-West Loop
311 N Morgan St
D'Amato's Bakery & Subs
1124 W Grand Ave
Ecbg Cake Studio
636 N Racine Ave
Molly's Cupcakes
179 N Morgan St
Jars By Fabio Viviani
216 N Peoria St
Variety Meat Co
159 N Carpenter St
Garden
Garden
Garden
Playground
Playground
Butterfly Sushi Bar | Thai Cuisine
1139 W Grand Ave
Butterfly Sushi on Chicago
1139 W Grand Ave
Zayna Grill
1147 W Grand Ave
D'Amato's Bakery & Subs
1124 W Grand Ave
Bari Italian Subs
1120 W Grand Ave
Grand / Racine
Grand
Grand / Aberdeen
Grand
Grand / Racine
Grand
Grand / Aberdeen
Grand
Grand / Ogden
Grand
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Lasalle Street
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Western Ave
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Other units at this address
506 N May St, Chicago, IL
506 N May St Chicago, IL
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2 Beds, 1 Bath
2 Beds
1 Bath
$1,525
Central Heat • In-Unit Laundry • Hardwood Floor • Dishwasher
Occupied
2 Beds, 2 Baths
2 Beds
2 Baths
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On-Site Laundry • Hardwood Floor
Occupied
3
2 Beds
1 Bath
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Deck • Hardwood Floor • On-Site Laundry • Balcony • Dishwasher • Central Heat
Occupied
3 Beds, 2 Baths
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Central Heat • In-Unit Laundry • Hardwood Floor • Dishwasher
Occupied
2
4 Beds
2 Baths
$2,845
Hardwood Floor • Ceiling Fan • Balcony • Dishwasher • Air Conditioning • Central Heat
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