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BLUEGROUND
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1407 South Michigan Avenue receives high marks across various key areas, with a Zumper Expert Rating of 9.3, reflecting its strong appeal for renters. The property excels in amenities and location, each rated 10 out of 10, demonstrating an excellent standard of living and unparalleled convenience. Additionally, it offers admirable details for pet owners, including nearby dog parks and grooming services, making it an attractive option with a competitive price that balances value and quality effectively.
Things you’ll love
Middle school nearbyLess expensiveDishwasherGreat for
Pet owners| Studio | Studio | 1 bath | 446 sqft | $1,730 /mo | Feel at home wherever you choose to live with Blueground. You’ll love this sophisticated South Loop furnished studio apartment with its modern decor, fully equipped kitchen, and exquisite living room with great views. Ideally located, you’re close to all the best that Chicago has to offer! (ID #CHI857) The advertised rate of $1,730/month is the lowest available price, based on a 1 month(s) and 22 day(s) stay with a move-in date of February 1, 2026. If you’re looking for a 1-year stay, the rate is $2,130/month. Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be higher if billed in multiple payments. Brokers are welcome to reach out. Were you looking for an unfurnished lease? Try Blueground instead and upgrade from unfurnished to furnished living: - Furnished at rates comparable to unfurnished - No setup or furniture costs - save thousands - Move-in ready - save time, just bring your suitcase Designed with you in mind Gorgeous furniture, fully equipped kitchen, smart TV, and a premium wireless speaker are just a few of the amenities you’ll find inside this studio apartment. Ideally located in Chicago, you’ll find a lot to love outside as well. When you’re ready to relax, you’ll be happy to discover every Blueground bedroom comes with superior quality mattresses, luxury linens, and cozy towels. We handle everything so you can simply show up and start living. This apartment also offers in-apartment laundry. Sleeping arrangements - Queen Bed, 63in/160cm Amenities Building amenities unique to this studio apartment include an on-site: - Basketball Court - BBQ Area - Doorman - Dryer - Elevator - Swimming pool - Washing machine - Pets allowed - Sauna Arrival and ongoing support The entire apartment is yours to enjoy! Throughout your stay, you’ll have access to our Client Experience team through the Blueground App. You can schedule additional cleanings, submit maintenance requests, and view our neighborhood recommendations with just a few taps. We’ll share all details upon confirmation of your stay. Ideally Located This furnished apartment is located in South Loop. A dynamic neighborhood with a unique mix of attractions, shopping and history. Take a stroll along South Michigan Avenue and the nearby Prairie Avenue district to see "Millionaire's Row", an area lined with mansions belonging to Chicago's wealthiest elite. For shopping, visit the Roosevelt Collection, an open-air plaza, home to a cinema as well as premium local and national retailers. Along the southern edge, you will find Soldier Field, the Chicago Bears football stadium. Don’t miss the Shedd Aquarium, Field Museum and Grant Park, all adjacent to one another and huge attractions in South Loop. Other things to note Building amenities may have an extra cost. This Blueground apartment has flexible lease options, allowing you to book it for one month, a year, or more. Pets are welcome, though weight limits and breed restrictions apply and may incur fees. We take great pride in ensuring every photo displayed is shot in our own units with our actual furnishings. That said, we regularly refresh our decor and furniture arrangement, which may differ from what’s pictured. | ||
| 1 bed | 1 bed | 1 bath | 652 sqft | $1,820 /mo | Discover the best of Chicago, with this one bedroom apartment in South Loop with views over the city. It’ll be easy to simply show up and start living in this contemporary furnished apartment with its fully equipped kitchen, stylish living room, and our dedicated, on-the-ground support. (ID #CHI763) The advertised rate of $1,820/month is the lowest available price, based on a 2 month(s) and 14 day(s) stay with a move-in date of December 1, 2025. If you’re looking for a 1-year stay, the rate is $2,770/month. Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be higher if billed in multiple payments. Brokers are welcome to reach out. Were you looking for an unfurnished lease? Try Blueground instead and upgrade from unfurnished to furnished living: - Furnished at rates comparable to unfurnished - No setup or furniture costs - save thousands - Move-in ready - save time, just bring your suitcase Designed with you in mind Thoughtfully designed with bespoke finishes, modern furnishings, and a fully equipped kitchen, you’ll enjoy that “I’m home” feeling with this Blueground apartment. Whether you’re lounging in your sophisticated living room streaming the latest and greatest entertainment on the smart TV or premium wireless speaker, or getting some well-earned rest on the superior quality mattress with luxury linens, you’ll fall in love with everything this South Loop apartment has to offer. This apartment also offers in-apartment laundry. Sleeping arrangements - Queen Bed, 63in/160cm Amenities Building amenities unique to this one bedroom apartment include an on-site: - Basketball Court - BBQ Area - Doorman - Dryer - Elevator - Swimming pool - Washing machine - Pets allowed - Sauna Arrival and ongoing support The entire apartment is yours to enjoy! Throughout your stay, you’ll have access to our Client Experience team through the Blueground App. You can schedule additional cleanings, submit maintenance requests, and view our neighborhood recommendations with just a few taps. We’ll share all details upon confirmation of your stay. Ideally Located This furnished apartment is located in South Loop. A dynamic neighborhood with a unique mix of attractions, shopping and history. Take a stroll along South Michigan Avenue and the nearby Prairie Avenue district to see "Millionaire's Row", an area lined with mansions belonging to Chicago's wealthiest elite. For shopping, visit the Roosevelt Collection, an open-air plaza, home to a cinema as well as premium local and national retailers. Along the southern edge, you will find Soldier Field, the Chicago Bears football stadium. Don’t miss the Shedd Aquarium, Field Museum and Grant Park, all adjacent to one another and huge attractions in South Loop. Other things to note Building amenities may have an extra cost. This Blueground apartment has flexible lease options, allowing you to book it for one month, a year, or more. Pets are welcome, though weight limits and breed restrictions apply and may incur fees. We take great pride in ensuring every photo displayed is shot in our own units with our actual furnishings. That said, we regularly refresh our decor and furniture arrangement, which may differ from what’s pictured. |
Let's explore this property.
Apartment Amenities
| Air Conditioning | Central Heat |
| Entertainment Space with Kitchen | Furnished |
| Hanger | Kettle |
| Linen Towel | Private Entrance |
| Screening Room | Shampoo |
| Shower | Toaster |
| TV | View |
Appliances
| Coffee Machine | Dishwasher |
| Hair Dryer | In-Unit Laundry |
| Iron | Microwave |
| Oven | Refrigerator |
| Stove | Vacuum Cleaner |
Tech
| Live TV | WiFi |
Building
| Cats OK | Dogs OK |
| Elevator | Sauna & Steam Room |
| Smoke Detector |
Grounds
| Basketball Courts | Dog Park/Run |
| Fire Pit | Grills/Firepits/BBQ |
| Outdoor Entertainment Area | Outdoor Shared Pool |
| Outdoor Space | Swimming Pool |
Services
| 24/7 Security | 24/7 Support |
| Door Attendant |
Other
| Email Contact Method | Speaker |
Contact for more information on pet policy.
Questions about this property’s policies and fees?
| Lease terms | 1–12 months |
|---|
We offer custom pricing for any duration. Rates may vary upon exact move in and move out dates. Please visit our website and enter your dates of stay to see up-to-date pricing for your specific booking.
How 1407 South Michigan Avenue compares to other nearby properties.
Positives
Considerations
Studio apartments at 1407 South Michigan Avenue cost about 17% less than the average rent price for studios in South Loop.
1-bedroom apartments here are priced 21% lower than 1-bedrooms in South Loop.
| Month | Median Rent |
|---|---|
| November 2023 | $1,507 |
| December 2023 | $1,565 |
| January 2024 | $1,595 |
| February 2024 | $1,627 |
| March 2024 | $1,926 |
| April 2024 | $1,745 |
| 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 |
| Month | Median Rent |
|---|---|
| November 2023 | $2,008 |
| December 2023 | $2,051 |
| January 2024 | $2,087 |
| February 2024 | $2,098 |
| March 2024 | $2,111 |
| April 2024 | $2,093 |
| May 2024 | $2,007 |
| June 2024 | $2,014 |
| July 2024 | $2,073 |
| August 2024 | $1,979 |
| September 2024 | $1,998 |
| October 2024 | $2,084 |
| November 2024 | $2,017 |
| December 2024 | $1,937 |
| January 2025 | $1,892 |
| February 2025 | $1,930 |
| March 2025 | $1,935 |
| April 2025 | $1,951 |
| May 2025 | $2,032 |
| June 2025 | $2,075 |
| July 2025 | $2,136 |
| August 2025 | $2,086 |
| September 2025 | $2,092 |
| October 2025 | $2,043 |
Can I afford to live at 1407 S Michigan Ave #763?
Bedrooms
Rent-to-income ratio
30%
$69,200/yr
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Hyde Park • 5200 S Blackstone Ave
1–2 Beds
$1,875–$3,168
Kenwood • 4726 S Woodlawn Ave
Studio–2 Beds
$1,095–$2,596
Kenwood • 5035 S East End Ave
Studio–2 Beds
$1,790–$4,949
Near West Side • 1313 W Randolph St
Studio
$1,900–$2,196
Lincoln Park • 1730 N Clark St
Studio
$2,311–$3,371
