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Location

640 S Federal St #403, Chicago, IL 60605, USA|Loop

Tour 640 S Federal St #403

Contact

Mike Huang

Dream Land Realty

(630) 788-0541

Property Overview

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

  • Extra Storage
  • Images available

Great for

  • Eco living
  • Social life

Amenities for 640 S Federal St #403, Loop

Features

Central AirNatural Gas

Appliances

Dishwasher

Grounds

Garage ParkingThree Parking Spaces

Other

Exterior Type: MasoniteTwo Rooms
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

Questions about this property’s policies and fees?

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About 640 S Federal St #403

HomeApartments in ChicagoLoop 640 S Federal St #403, Chicago, IL 60605, USA
sweet deal icon
Sweet deal!
This listing is 33% below the median price for studio apartments in Loop.

Property Status: Active Office Phone: (847) 634-1108 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.


Go to property website

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 640 S Federal St, Chicago, IL 60605, USA compares to other nearby properties.

Positives

Extra Storage
Upgraded in-unit features
Images available
There are at least 10 photos of this address

Considerations

No covered parking
Garage or covered parking isn't listed as an amenity here
Pet restrictions
Pets aren't allowed at this location.

Address details

NeighborhoodLoop
Zip code60605
TypeCondo for rent

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Rent trends in Loop

studio apartments at 640 S Federal St #403 cost about 33% less than the average rent price for studio apartments in Chicago.

Median rents as of Apr 25 2026.
Loop
Chicago
A table of studio rental data trends in Chicago
MonthMedian Rent
May 2024$1,751
June 2024$1,764
July 2024$1,931
August 2024$1,691
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
A table of studio rental data trends in Loop
MonthMedian Rent
May 2024$1,987
June 2024$2,079
July 2024$2,594
August 2024$2,463
September 2024$2,515
October 2024$2,341
November 2024$2,238
December 2024$1,938
January 2025$1,954
February 2025$1,989
March 2025$2,042
April 2025$2,107
May 2025$2,162
June 2025$2,195
July 2025$2,212
August 2025$2,210
September 2025$2,216
October 2025$2,186
November 2025$2,145
December 2025$2,234
January 2026$2,224
February 2026$2,217
March 2026$2,236
April 2026$2,248

Affordability calculator

Can I afford to live at 640 S Federal St #403?

Bedrooms

Studio

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

$59,440/yr

With your selected rent-to-income ratio, you'd ideally want to make $59,440 annually to afford this studio monthly rent price of $1,486.
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 640 S Federal St, Chicago, IL.
1 year ago$1,425Studio1 bath
2 years ago$1,375Studio1 bath
2 years ago$1,4961 bed1 bath
2 years ago$1,496Studio1 bath
3 years ago$1,400Studio1 bath
4 years ago$1,400Studio1 bath
5 years ago$1,9001 bed1 bath
5 years ago$1,350Studio1 bath
5 years ago$1,4501 bed1 bath

Schools near 640 S Federal St #403

South Loop Elementary School

1212 s plymouth ct

chicago, IL, 60605

PK, K-8Public
B+

Ruben Salazar Bilingual Center

160 w wendell st

chicago, IL, 60610

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-

Chicago Commons Guadalupano Family Center

1814 s paulina ave

chicago, IL, 60608

PKPublic
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Internet available near 640 S Federal St #403

Neighborhood

Loop | Chicago, IL

NEIGHBORHOOD VIBE
Lively and energetic
You’ll be in the heart of the action in this bustling and vibrant area with plenty of shopping, nightlife, and culture.

Getting around Chicago near 640 S Federal St #403

Walking

9/10
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
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.

Transit

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

Points of interest for 640 S Federal St #403, Chicago

Groceries

9/10
At least one supermarket within a 5-minute 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

9/10
Exceptional variety of restaurants within a few minutes’ walk

Primary schools

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

High schools

9/10
At least one high school within a 5-minute walk

Parks

9/10
Very large amount of park space within a few minutes' walk

Nightlife

10/10
Exceptional variety of bars right within a few minutes’ walk

Other units at this address

640 S Federal St Chicago, IL

Occupied

Room, 1 Bath

Room

1 Bath

$1,000

Listed by Annie Lawlor
Days on market: 2859
ROOMMATE WANTED - Master BR/BATH for rent in 3 BR Printers Row/South Loop condo -Immediate Occupancy - $1,000/month -Large Master Bedroom (16’ x 11’) with private bath and tons of closet space -Condo building in historic Printers Row in the South Loop -Blocks from the Harrison Red Line, LaSalle Blue Line, and Harold Washington Pink/Brown/Orange/Purple Lines -Central Heat/AC -24-hour laundry in building -24-hour fitness center -Indoor rental parking available ($260/month) -Storage lockers on every floor -Storage rooms at low prices (limited basis) -Bicycle storage (limited basis) -Located close by great restaurants and bars (Kasey’s Tavern, Bar Louie, Flacos Tacos, Half Sour, Gino’s East, Printers Row Wine Shop, Starbucks, Target, etc). Looking for a roommate to takeover the master bedroom/bath in a 3 bedroom condo. It’s a great location with two fun and responsible roommates. We’re siblings - brother and sister - but we’re super chill! Both young full-time working professionals (Well, kinda young. Early 30’s is still considered young right!?! ... I swear, I was 21 like fifteen minutes ago). Ideal for a student or traveling professional who doesn’t want to deal with furnishing an entire apartment only to have to sell it all a year later. Also a great place for someone new to the city looking for something transitional while you get your bearings. With the ensuite bathroom, the master is almost like a studio apartment within a condo. Nice and private. The rest of the place is fully furnished so all you need is your bedroom/bathroom stuff. Utilities: ComEd and Comcast split evenly 3 ways (unless you would like a cable box for the master bedroom, in which case, you’ll pay a bit more for Comcast each month). Pets: We love animals but the bro is allergic to cats! Sorry, feline friends. We also occasionally dog-sit for our family dog. Note: The two large dark-wood dressers shown in the photos have been in the master bedroom through the last few years. They can be removed if necessary, but honestly, they’re kinda great for storage! Same goes for the large wooden bed frame. It can be removed if it’s not your style.

Occupied

640-703

Studio

1 Bath

$1,150

Listed by Rentalutions
Days on market: 3620
This newly renovated studio is located in the Printers Row neighborhood, one of the oldest and most historic areas in all of Chicago. Located steps from Lyric Opera House, the Chicago Public Library, Grant Park, Columbia College and Roosevelt College, it provides residents a chance to live “close to the action.” The area was originally used by the printing industry and provides state-of-the-art amenities with a touch of historical charm. Brand new paint and carpet welcome you to your new home - a great studio apartment with lots of storage and an added office. Building amenities include: 24 hour laundry in each building 24 hour fitness center Dry cleaners located in commercial annex Indoor Rental Parking Individually controlled central heating and cooling systems Dedicated Receiving facility Storage Lockers on every floor You are literally just steps away from over a dozen restaurants & bars, a jazz club, cleaners, shipping services, and about a 5 minute walk from the heart of downtown Chicago in this exceptionally well located building.

Occupied

410

Studio

1 Bath

$1,250

Listed by Lori Murray
Days on market: 4631
Move-in after sept 7th**the perfect studio apprxly 830 sq ft, designer features, plush carpeting, galley kitchen w/breakfast bar, slate tile, granite c-tops, pantry. Ample closets, addtl storage incld, onsite laundry, gym & dry cleaners. Tenant pay electric, cable & internet. Parking addtl $275. Prime location just mins to lake michigan, grant park, restauants, shops, jewel, el, bus lines, 90/94 & more.

Occupied

609

Studio

1 Bath

$1,295

Listed by Geralyn Hopson
Days on market: 2183
This centrally located Printers Row Studio allows you to walk, ride, or scoot to work, restaurants, farmers markets, entertainment and all that Downtown and the South Loop have to offer. Make this your sanctuary. Abundant closet space for all your prized possessions. Cute little park across the street. Fitness center is located in the attached 740 building on 2nd floor. $300 decorating allowance to be paid from second months rent. Separate storage available on same floor. All this and NO Security Deposit!

Occupied

703

Studio

1 Bath

$1,325

Listed by Zumper Select
Days on market: 2104
**Available Now**Wonderful Studio In The Heart Of Printers Row! You Will Not Find A Better Deal In The South Loop! Freshly Painted, Deep Cleaned & Ready For You To Move In! This Location Has Everything! Kitchen Features 42" Cabinets With A Stainless Steel Refrigerator. Entry Way Has Neutral Tile & Den Area For An Office / Desk. Tons Of Closet Space! Across The Street From Columbia College, Many Restaurants & Conveniences! No Parking/Storage With This Studio. Parking Is In The Area Across The Street For Daily Or Monthly Parking. Listed by Lauren Dayton, Jameson Sotheby's Intl Realty

Occupied

610

Studio

1 Bath

$1,350

Listed by Ron Cabrera - arhome realty
Days on market: 1903
Oversized Studio with approx. 830 sq ft! Just updated and available Now. Located in Historic Printers Row with a walk score of 99. This unit is larger than most 1 BR units in the area. It offers a huge living space with updated flooring in 2020, updated kitchen with ample cabinetry, stainless steel appliances and pantry. Beautifully tiled bathroom with updated fixtures. Office nook with ample closet space. Additional storage located on the same floor, onsite laundry, gym and dry cleaners. Near Loop, restaurants, bars, grocery store, shopping, CTA and expressways. Non-refundable move in fee is $600. Refundable move in deposit $200. Pet fee is $300. Ron Cabrera - Real Estate Broker - arhome realty

Occupied

810

Studio

1 Bath

$1,450

Listed by Zumper Select
Days on market: 2382
Massive remodeled studio ready for occupancy! Enjoy wide floor plan with new carpet, open granite & stainless kitchen, huge living room with easily defined space, tons of closets with a wall of closets when you walk-in, pantry, utility closet, and large bedroom closet with dressing area. Top floor provides plenty of natural light. Kitchen and baths completely updated. New flooring and paint throughout. Great downtown location. Harrison redline 1 block away. Parking options available through on-site garage. Fitness Center and Cleaners in building. Storage locker included and on same floor as unit. **Available November 1st** Listed by Jordan Pyle, Keller Williams Chicago-Lincoln Park

Occupied

506

1 Bed

1 Bath

$1,275

Listed by Lori Murray
Days on market: 4679
**available august 5th**sun filled jr one bedroom offers apprxly 600 sq ft of living space, separate enclosed bedroom, bamboo floors, ample closets throughout, addtl storage locker incld, warm custom color accents, onsite laundry, fitness center & dry cleaners. Prime location just mins to lake michigan, grant park, restaurants & bars, coffee shops, target, near el & bus lines. Garage parking $275 addtl..

Occupied

606

1 Bed

1 Bath

$1,350

Listed by Alan Shultz
Days on market: 4401
Custom room dividers create a small bedroom and separate den in this big convertible studio that has 4 tall windows and a fabulous Printers Row location. Owner ordered new window blinds and bathroom flor. The den takes a twin bed and this cozy space can take room-mates at an affordable price. A wall of closets keep it all organized.

Occupied

408

1 Bed

1 Bath

$1,425

Listed by Lori Murray
Days on market: 4675
Availableb sept 5th welcome to historical printer's row. This beautiful home offers over 893 sqft of fine living space, granite kitchen with breakfast bar, natural sunlight, ample closet space & carpet throughout. On-site laundry, dry-cleaners, fitness center & storage locker. Tenant's pay electric, cable & internet. Garage parking addtl $275. Just minutes to michigan ave, lakefront, shops, theatre and more..

Occupied

706

1 Bed

1 Bath

$1,450

Listed by Zumper Select
Days on market: 2090
Large, sunny one bedroom unit in newer rehabbed Printers Square. Located in Historic Printers Row, you can walk to everything Chicago has to offer! 9' ceilings. Large combo living/dining area and large Master Bedroom w/ office area. Custom Kitchen with Stainless Appliances, Granite counter tops, Breakfast bar area,wine chiller. Hardwood flrs, storage & abundant closet space. Parking extra outside bldg, Available 9-1 Listed by George Ayling, Select a Fee RE System

Occupied

505

1 Bed

1 Bath

$1,600

Listed by Zumper Select
Days on market: 3133
Spacious and sunny corner unit in historic Printer's Row! Beautifully updated kitchen and bathroom, large bedroom, laminate flooring throughout, central A/C and plenty of closet space. Assigned storage locker located across the hall. The location couldn't be more perfect! Charming park across the street hosts the local Farmer's Market and everything is within walking distance - CTA trains, local colleges, Lake Michigan, and an abundance of dining and entertainment options. Building amenities include on-site dry cleaning, fitness center, and rental parking (for an additional fee). Unit available furnished for an additional $50/mo. Cats and dogs under 40lbs will be considered for an additional 1/2 month's rent. No smoking in the unit, please.

Occupied

705

1 Bed

1 Bath

$1,600

Listed by Lynda McNair
Days on market: 3620
Rent only $1,600 Available Sept 1st! 7th floor, 1 bed corner unit condo, which features: * New kitchen with stainless appliances * Hardwood flooring in living area and carpet in bedroom * Modern bath * In-unit laundry * Extra storage unit available ** Building amenities include: workout room, dry leaner and bike storage ** ** Garage parking, extra $200 per month ** ** Pet welcome, with $200 Pet Deposit ** ** Located in Printer's Row close to CTA lines ** ** Mimumum Condo Move-in fees ** To view, contact: Lynda McNair 708-589-5419 Broker & Leasing Specialist CHICAGO APARTMENT FINDERS

Occupied

1 Bed, 1 Bath

1 Bed

1 Bath

$1,600

Listed by Jessica O.
Days on market: 3620
Come make this 1 bed, 1 bath corner unit in the heart of Printer's Row your own! Comes with an updated kitchen/bath and in-unit Bosch w/d. SS appliances included. Extra storage unit available. Close to lots of great restaurants and CTA lines. Gas is included. Tenant pays all other utilities. Parking available for an additional $200. Call or text Jessica at 773-419-5391! Chicago Apartment Finders

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