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BLUEGROUND
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1407 South Michigan Avenue is rated highly for overall value, amenities, location, quality, and trustworthiness, making it a strong option for renters seeking convenience and a well-documented property. It also stands out for its fully equipped kitchen, in-apartment laundry, and smart TV, along with nearby outdoor spaces and pet-friendly resources such as dog parks, pet hospitals, and grooming services.
Things you’ll love
Middle school nearbyElevatorImages AvailableGreat for
Pet owners| Studio | Studio | 1 bath | 446 sqft | $2,520 /mo | Discover the best of Chicago, with this studio apartment in South Loop with views over the city. It’ll be easy to simply show up and start living in this furnished apartment with its fully equipped kitchen, living room, and our dedicated, on-the-ground support. (ID #CHI761) The advertised rate of $2,520/month is the lowest available price, based on a 12 month(s) stay with a move-in date of July 2, 2026. 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 stylish 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 fully stocked 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 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 | 661 sqft | $2,700 /mo | Discover the best of Chicago, with this one bedroom apartment in South Loop with balcony views over the city. It’ll be easy to simply show up and start living in this fashionably furnished apartment with its fully equipped kitchen, comfortable living room, and our dedicated, on-the-ground support. (ID #CHI494) The advertised rate of $2,700/month is the lowest available price, based on a 12 month(s) stay with a move-in date of August 3, 2030. 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 pretty 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 fully stocked 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 | Balcony |
| 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 | Events Allowed |
Other
| Call Contact Method | Email Contact Method |
| Speaker |
One-time.
One-time. Refundable.
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% more than the average rent price for studios in South Loop.
1-bedroom apartments here are priced 11% higher than 1-bedrooms in South Loop.
| Month | Median Rent |
|---|---|
| June 2024 | $1,761 |
| 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 |
| May 2026 | $1,684 |
| Month | Median Rent |
|---|---|
| June 2024 | $2,012 |
| 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 | $2,053 |
| November 2025 | $1,929 |
| December 2025 | $2,027 |
| January 2026 | $2,070 |
| February 2026 | $2,105 |
| March 2026 | $2,094 |
| April 2026 | $2,128 |
| May 2026 | $2,131 |
Can I afford to live at 1407 S Michigan Ave #494?
Bedrooms
Rent-to-income ratio
30%
$100,800/yr
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South Loop | Chicago, IL
Hyde Park • 5200 S Blackstone Ave
1–2 Beds
$1,685–$2,385
Kenwood • 4726 S Woodlawn Ave
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$1,170–$2,154
Loop • 29 S La Salle St
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$2,505–$5,256
Loop • 1000 S Michigan Ave
Studio–3 Beds
$2,591–$9,118
Near North Side • 1 E Delaware Pl
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$2,319–$4,832
Kenwood • 5035 S East End Ave
Studio–3 Beds
$1,740–$3,505
Near West Side • 1035 W Van Buren St
Studio–3 Beds
$2,245–$5,610
Hyde Park • 5252 S Cornell Ave
Studio–2 Beds
$2,715–$4,500
Hyde Park • 5200 S Blackstone Ave
1–2 Beds
$1,685–$2,385
Kenwood • 4726 S Woodlawn Ave
Studio–2 Beds
$1,170–$2,154
Loop • 29 S La Salle St
Studio–2 Beds
$2,505–$5,256
Loop • 1000 S Michigan Ave
Studio–3 Beds
$2,591–$9,118
Near North Side • 1 E Delaware Pl
Studio–2 Beds
$2,319–$4,832
Kenwood • 5035 S East End Ave
Studio–3 Beds
$1,740–$3,505
Near West Side • 1035 W Van Buren St
Studio–3 Beds
$2,245–$5,610
Hyde Park • 5252 S Cornell Ave
Studio–2 Beds
$2,715–$4,500
