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BLUEGROUND
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1407 South Michigan Avenue stands out with a 9.6 rating, reflecting excellent value, top-tier amenities, strong location, quality, and trustworthiness. Key features include a swimming pool, fully equipped kitchen, on-site doorman, pet-friendly access, in-apartment laundry, and thoughtful design, while the nearby top-rated middle school and 51 photos add practical appeal and helpful visibility for renters.
Things you’ll love
Middle school nearbyElevatorImages AvailableGreat for
Pet owners| Studio | Studio | 1 bath | 446 sqft | $2,270 /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 $4,460/month is the lowest available price, based on a 2 month(s) and 6 day(s) stay with a move-in date of July 4, 2026. If you’re looking for a 1-year stay, the rate is $3,710/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, fully stocked 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. |
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 | Gym |
| Sauna & Steam Room | Smoke Detector |
Grounds
| Basketball Courts | Dog Park/Run |
| Fire Pit | Grills/Firepits/BBQ |
| Outdoor Entertainment Area | Outdoor Shared Pool |
| Swimming Pool |
Services
| 24/7 Security | 24/7 Support |
| Door Attendant |
Other
| 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 |
|---|
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 $2,270/month is the lowest available price, based on a 6 month(s) and 6 day(s) stay with a move-in date of October 13, 2026. If you’re looking for a 1-year stay, the rate is $2,590/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, fully stocked 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.
How 1407 South Michigan Avenue compares to other nearby properties.
Positives
Considerations
studio apartments at 1407 South Michigan Avenue cost about 5% more than the average rent price for studio apartments in South Loop.
| Month | Median Rent |
|---|---|
| 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 |
| June 2026 | $1,691 |
| July 2026 | $1,663 |
| Month | Median Rent |
|---|---|
| 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 |
| June 2026 | $2,145 |
| July 2026 | $2,168 |
Can I afford to live at 1407 S Michigan Ave #857?
Bedrooms
StudioRent-to-income ratio
30%
$90,800/yr
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South Loop | Chicago, IL
Hyde Park • 5200 S Blackstone Ave
1–2 Beds
$1,685–$2,370
Kenwood • 4726 S Woodlawn Ave
Studio–2 Beds
$1,150–$1,855
Near West Side • 1035 W Van Buren St
Studio–2 Beds
$2,225–$3,553
Loop • 29 S La Salle St
Studio–2 Beds
$2,489–$4,174
Near North Side • 1 E Delaware Pl
Studio–2 Beds
$2,366–$5,025
Near West Side • 1313 W Randolph St
Studio–2 Beds
$2,009–$3,100
Lincoln Park • 1730 N Clark St
Studio–2 Beds
$2,310–$6,975
Loop • 1000 S Michigan Ave
Studio–2 Beds
$2,476–$7,093
Hyde Park • 5200 S Blackstone Ave
1–2 Beds
$1,685–$2,370
Kenwood • 4726 S Woodlawn Ave
Studio–2 Beds
$1,150–$1,855
Near West Side • 1035 W Van Buren St
Studio–2 Beds
$2,225–$3,553
Loop • 29 S La Salle St
Studio–2 Beds
$2,489–$4,174
Near North Side • 1 E Delaware Pl
Studio–2 Beds
$2,366–$5,025
Near West Side • 1313 W Randolph St
Studio–2 Beds
$2,009–$3,100
Lincoln Park • 1730 N Clark St
Studio–2 Beds
$2,310–$6,975
Loop • 1000 S Michigan Ave
Studio–2 Beds
$2,476–$7,093
