Updated 5+ Days Ago
Location
8223 S Exchange Ave, Chicago, IL 60617, USA|South Chicago
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Property Overview
8223 S Exchange offers a strong mix of value, amenities, and location, with a Zumper expert rating of 7.4 out of 10, including a standout location score of 9 and an amenities score of 8. It also has nearby top-rated schools, with elementary, middle, and high schools all within about half a mile.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
High school nearby- Elementary school nearby
- Middle school nearby
Floor plans
| 2/1 | 2 bed | 1 bath | $1,686 /mo | 2 units available |
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Amenities for 8223 S Exchange
Apartment Amenities
| Hot Water |
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
Building details
Property details
| Units | 9 |
|---|
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About 8223 S Exchange
8223 S Exchange cost $1,686 per month. Located at 8223 S Exchange Ave, Chicago, IL 60617, USA, 8223 S Exchange has 2 bedroom units available. Based on the average rent price of 2 bedrooms in Chicago, renting an apartment at 8223 S Exchange is 33% cheaper per month.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
7.4
/10
Very Good8223 S Exchange is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
Price·7A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
While the monthly rent is more than the median price per bedroom of nearby properties, 8223 S Exchange has other amenities and features that might compensate for the increased price. The higher monthly rent potentially reflects a higher quality of living that renters might find here, compared to other properties in the area.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 8223 S Exchange is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
8223 S Exchange is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 8223 S Exchange does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
8223 S Exchange provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
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 8223 S Exchange compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.1 mile away
- Elementary school nearby
- There is an elementary school 0.2 mile away
- Middle school nearby
- There is a middle school 0.5 mile away
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Rent trends in South Chicago
2-bedroom apartments at 8223 S Exchange cost about 38% more than the average rent price for 2-bedroom apartments in South Chicago.
Median rents as of Sep 12 2026.
South Chicago
Chicago
| Month | Median Rent |
|---|---|
| September 2024 | $1,700 |
| 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 | $1,658 |
| August 2026 | $1,650 |
| September 2026 | $1,650 |
| Month | Median Rent |
|---|---|
| February 2026 | $785 |
| March 2026 | $785 |
| April 2026 | $785 |
| May 2026 | $785 |
| June 2026 | $775 |
| July 2026 | $765 |
Affordability calculator
Can I afford to live at 8223 S Exchange Ave?
Bedrooms
2 bedroomsRent-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
$67,440/yr
With your selected rent-to-income ratio, you'd ideally want to make $67,440 annually to afford this 2-bedrooms monthly rent price of $1,686.
For more information on rent affordability, visit our rent calculator.
Schools near 8223 S Exchange
Ninos Heroes Elementary Academic Center
8344 s commercial ave
chicago, IL, 60617
PK, K-8Public
C
South Shore Fine Arts Elementary School
1415 e 70th st
chicago, IL, 60637
PK, K-8Public
C
Woodlawn Elementary Community School
6657 s kimbark ave
chicago, IL, 60637
PK, K-6Public
C
Sadlowski Elementary School
3930 e 105th st
chicago, IL, 60617
PK, K-8Public
C-
Ariel Elementary Community Academy
1119 e 46th st
chicago, IL, 60653
PK, K-8Public
C-
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Internet available near 8223 S Exchange
Getting around Chicago near 8223 S Exchange Ave
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
6/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
7/10
Popular public transit options are just a short walk from this location.
Points of interest for 8223 S Exchange Ave, Chicago
Groceries
8/10
At least one supermarket within a 10-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
2/10
Few or no cafés within walking distance
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
10/10
At least one high school within a 5-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
2/10
Few or no bars within walking distance
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