Zumper
modified
5+ Days Ago

Highlights

  • Pet Friendly
  • Private outdoor space
  • Brand new appliances
  • Garage parking
  • Pet friendly

Location

2550 South Wabash Avenue #302, Chicago, Illinois 60616, United States|South Loop
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Contact

Management

Apartment Source

Leasing office

(844) 326-7387 ext. 4681

Property Overview

2550 South Wabash Avenue, Unit 302, features an impressive Zumper expert rating of 8.3, highlighting its excellent balance of price and value, with a competitive price rating of 9 out of 10. The property is recognized for its top-notch amenities and prime location, both scoring 9 out of 10, providing residents convenience and a high standard of living. Notable attributes include private outdoor space, brand new appliances, garage parking, and pet-friendly options, complemented by proximity to highly rated schools and local pet services.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.3
Very Good
With a solid 8.3 out of 10 overall, 2550 South Wabash Avenue, Unit 302 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 2550 South Wabash Avenue, Unit 302 has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Elementary school nearby
  • More space
  • Dishwasher

Great for

  • Pet owners

Floor plans

2550 South Wabash Avenue, Unit 3023 bed2 bath1,600 sqft$3,101 /moTruly one-of-kind apartment in the Bronzeville/ South Loop neighborhood. With over 1500 sq ft of space, this apartment has it all. King sized bedrooms, brand new appliances, private outdoor space, and much more Quick commute to South Loop, downtown, IIT, and much more Garage parking is an additional cost There is a utility package that includes everything but electric for $225/month Flexible lease start terms Pet friendly * Square footage is approximate. Rent listed reflects a one month free concession** Price reflects a 1 month concession (received as a credit on their account). Market rent is $3,495.00 Net effective rent: $3,289

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Amenities for 2550 South Wabash Avenue, Unit 302

Apartment Amenities

Dryer

Appliances

DishwasherIn-Unit Laundry

Building

Cats OKDogs OK
Garage AttachedOnsite Laundry

Grounds

Garage ParkingOutdoor Space

Services

Package Service
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

Parking Policy

Garage Parking

Dog Policy

Allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Questions about this property’s policies and fees?

Building details

Property details

Lease terms12+ months
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About 2550 South Wabash Avenue, Unit 302

HomeApartments in ChicagoSouth Loop 2550 South Wabash Avenue, Unit 302

Truly one-of-kind apartment in the Bronzeville/ South Loop neighborhood. With over 1500 sq ft of space, this apartment has it all. King sized bedrooms, brand new appliances, private outdoor space, and much more Quick commute to South Loop, downtown, IIT, and much more Garage parking is an additional cost There is a utility package that includes everything but electric for $225/month Flexible lease start terms Pet friendly * Square footage is approximate. Rent listed reflects a one month free concession** Price reflects a 1 month concession (received as a credit on their account). Market rent is $3,495.00 Net effective rent: $3,289


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.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, 2550 South Wabash Avenue, Unit 302 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 2550 South Wabash Avenue, Unit 302 has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 2550 South Wabash Avenue, Unit 302
Price·9A 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.
2550 South Wabash Avenue, Unit 302 stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·9A 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.
2550 South Wabash Avenue, Unit 302 goes above and beyond to provide sought-after conveniences and desirable perks, including pets allowed. Renters looking for popular or luxurious features will find them here—and for that reason, 2550 South Wabash Avenue, Unit 302 receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
2550 South Wabash Avenue, Unit 302 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 2550 South Wabash Avenue, Unit 302 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.
2550 South Wabash Avenue, Unit 302 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.

2550 South Wabash Avenue, Unit 302 is great for:

Pet owners

  • Outdoor spaces are available at this property
  • 3 dog parks within 1 mile
  • 2 pet grooming services nearby
  • 2 pet hospitals in the area

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 2550 South Wabash Avenue, Unit 302 compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 0.2 mile away
More space
The 3-bedroom is 372 sqft larger than other listings nearby
Dishwasher
Dishwasher available in kitchen
Images Available
There are at least 10 photos of this address
Package service
More secure storage for delivery

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Rent trends in South Loop

3-bedroom apartments at 2550 South Wabash Avenue, Unit 302 cost about 31% less than the average rent price for 3-bedroom apartments in South Loop.

Median rents as of Nov 29 2025.
South Loop
Chicago
A table of studio rental data trends in Chicago
MonthMedian Rent
December 2023$1,575
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
November 2025$1,520
A table of studio rental data trends in South Loop
MonthMedian Rent
December 2023$2,067
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$2,053
November 2025$1,929

Affordability calculator

Can I afford to live at 2550 South Wabash Avenue #302?

Bedrooms

3 bedrooms

Rent-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

$124,040/yr

With your selected rent-to-income ratio, you'd ideally want to make $124,040 annually to afford this 3-bedrooms monthly rent price of $3,101.
For more information on rent affordability, visit our rent calculator.

Schools near 2550 South Wabash Avenue, Unit 302

Drake Elementary School

2710 s dearborn st

chicago, IL, 60616

PK, K-8Public
C

Ariel Elementary Community Academy

1119 e 46th st

chicago, IL, 60653

PK, K-8Public
C-

Thomas Early Childhood Center

3625 s hoyne ave

chicago, IL, 60609

PKPublic

Ruben Salazar Bilingual Center

160 w wendell st

chicago, IL, 60610

PK, K-8Public
C+

Skinner North Elementary School

640 w scott st

chicago, IL, 60610

K-8Public
A-
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Internet available near 2550 South Wabash Avenue, Unit 302

Getting around Chicago near 2550 South Wabash Avenue #302

Walking

8/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

7/10
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

9/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.

Points of interest for 2550 South Wabash Avenue #302, Chicago

Groceries

8/10
At least one supermarket within a 15-minute walk

Shopping

6/10
Several shops within walking distance

Cafes

5/10
Some cafés within a few minutes’ walk

Restaurants

7/10
Variety of restaurants within a few minutes' walk

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

9/10
At least one high school within a 5-minute walk

Parks

8/10
Very large amount of park space within a few minutes' walk

Nightlife

5/10
Some bars within a few minutes’ walk

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