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5838 S Michigan Ave. offers strong overall value with an 8.8/10 expert rating, highlighted by a perfect 10/10 price score and high marks for amenities, location, and trustworthiness. Renters can expect competitive value per square foot along with features like tile and wood-look floors plus brand new kitchen and bath finishes, in a prime area with convenient access to key neighborhood destinations.
Things you’ll love
More space| 2BR/1.0BA | 2 bed | 1 bath | 1,000 sqft | $1,600 /mo | 1 unit available | Beautiful Newly Rehabbed 2‑Bedroom Apartment – First Floor – Immediate Move‑In This all‑new 2‑bedroom apartment is ready for immediate move‑in and located on the first floor—a rare find in Washington Park. Both bedrooms are spacious and will comfortably fit a king or queen‑size bed, along with additional bedroom furniture. The kitchen is fully updated with brand‑new cabinets, a new stove, and a new refrigerator. Enjoy hardwood floors throughout, a newly renovated bathroom, and the convenience of laundry in the building. Each unit includes an outdoor deck overlooking the courtyard—some private, some shared with a neighbor. Depending on the unit, you may also enjoy a fireplace, a straight accent wall, or a built‑in bookcase. Located within walking distance of the University of Chicago and multiple transportation options, this building at 5848 S Michigan Ave, Unit 1W, Chicago, IL 60637 offers comfort, convenience, and quality that won’t last long. Rental Options $1600/month – Utilities not included $1780/month – All utilities included Non‑refundable move‑in fee required Applicant Requirements No Evictions No Landlord/Tenant Disputes Stable, Verifiable Employment Income of at Least 3× Rent Good Credit Good credit ($40 credit check fee per adult 18+) One‑Year Lease Required 2‑Bedroom Vouchers Welcome Schedule Your Viewing Contact our Leasing Team: Phone: (773) 598‑7877 Email: **** Note: Photos are for reference only and may not show the exact unit, though all apartments in the building are similar in quality and finishes. |
Let's explore this property.
Apartment Amenities
| Utilities Included |
Appliances
| Range | Refrigerator |
Grounds
| Stove and Refrigerator |
One-time.
One-time. Refundable.
| Units | 32 |
|---|
Beautiful Newly Rehabbed 2‑Bedroom Apartment – First Floor – Immediate Move‑In This all‑new 2‑bedroom apartment is ready for immediate move‑in and located on the first floor—a rare find in Washington Park. Both bedrooms are spacious and will comfortably fit a king or queen‑size bed, along with additional bedroom furniture. The kitchen is fully updated with brand‑new cabinets, a new stove, and a new refrigerator. Enjoy hardwood floors throughout, a newly renovated bathroom, and the convenience of laundry in the building. Each unit includes an outdoor deck overlooking the courtyard—some private, some shared with a neighbor. Depending on the unit, you may also enjoy a fireplace, a straight accent wall, or a built‑in bookcase. Located within walking distance of the University of Chicago and multiple transportation options, this building at 5848 S Michigan Ave, Unit 1W, Chicago, IL 60637 offers comfort, convenience, and quality that won’t last long. Rental Options $1600/month – Utilities not included $1780/month – All utilities included Non‑refundable move‑in fee required Applicant Requirements No Evictions No Landlord/Tenant Disputes Stable, Verifiable Employment Income of at Least 3× Rent Good Credit Good credit ($40 credit check fee per adult 18+) One‑Year Lease Required 2‑Bedroom Vouchers Welcome Schedule Your Viewing Contact our Leasing Team: Phone: (773) 598‑7877 Email: **** Note: Photos are for reference only and may not show the exact unit, though all apartments in the building are similar in quality and finishes.
How 5838 S Michigan Ave. compares to other nearby properties.
Positives
Considerations
2-bedroom apartments at 5838 S Michigan Ave. cost about 18% more than the average rent price for 2-bedroom apartments in Washington Park.
| Month | Median Rent |
|---|---|
| June 2024 | $2,344 |
| July 2024 | $2,354 |
| August 2024 | $2,210 |
| September 2024 | $2,235 |
| October 2024 | $2,200 |
| November 2024 | $2,118 |
| December 2024 | $1,961 |
| January 2025 | $1,932 |
| February 2025 | $1,991 |
| March 2025 | $2,036 |
| April 2025 | $2,050 |
| May 2025 | $2,040 |
| June 2025 | $2,012 |
| July 2025 | $2,172 |
| August 2025 | $2,064 |
| September 2025 | $1,986 |
| October 2025 | $1,940 |
| November 2025 | $1,952 |
| December 2025 | $1,950 |
| January 2026 | $1,997 |
| February 2026 | $2,041 |
| March 2026 | $2,232 |
| April 2026 | $2,219 |
| May 2026 | $2,257 |
| Month | Median Rent |
|---|---|
| June 2024 | $1,046 |
| July 2024 | $1,059 |
| August 2024 | $1,050 |
| September 2024 | $1,050 |
| October 2024 | $1,100 |
| November 2024 | $1,090 |
| December 2024 | $1,100 |
| January 2025 | $1,131 |
| February 2025 | $1,162 |
| March 2025 | $1,104 |
| April 2025 | $1,049 |
| May 2025 | $1,027 |
| June 2025 | $1,099 |
| July 2025 | $1,130 |
| August 2025 | $1,143 |
| September 2025 | $1,136 |
| October 2025 | $1,128 |
| November 2025 | $1,165 |
| December 2025 | $1,148 |
| January 2026 | $1,150 |
| February 2026 | $1,150 |
| March 2026 | $1,142 |
| April 2026 | $1,182 |
| May 2026 | $1,222 |
Can I afford to live at 5838 S Michigan Ave?
Bedrooms
2 bedroomsRent-to-income ratio
30%
$64,000/yr
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Kenwood • 4726 S Woodlawn Ave
1–2 Beds
$1,599–$2,154
Hyde Park • 5200 S Blackstone Ave
1–2 Beds
$1,685–$2,385
Loop • 537 S Dearborn St
1–2 Beds
$1,950–$2,950
South Loop • 1212 S Michigan Ave #1-1
1 Bed
$2,044
Near West Side • 555 W Madison St
1 Bed
$2,011
Loop • 400 E South Water St
1 Bed
$2,036
South Loop • 1212 S Michigan Ave
1 Bed
$1,850
Kenwood • 4726 S Woodlawn Ave
1–2 Beds
$1,599–$2,154
Hyde Park • 5200 S Blackstone Ave
1–2 Beds
$1,685–$2,385
Loop • 537 S Dearborn St
1–2 Beds
$1,950–$2,950
South Loop • 1212 S Michigan Ave #1-1
1 Bed
$2,044
Near West Side • 555 W Madison St
1 Bed
$2,011
Loop • 400 E South Water St
1 Bed
$2,036
South Loop • 1212 S Michigan Ave
1 Bed
$1,850
