Updated 26 Minutes Ago
Highlights
Zero Deposit
- Spacious bedrooms and living room
- Professionally managed property
Location
5550 W North Ave, Chicago, IL 60639, USA|Austin
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Property Overview
5550 W North is rated highly overall, with strong marks for price, location, amenities, and trustworthiness, suggesting solid value and convenience for renters. Its spacious bedrooms and living room, professionally managed status, and 26 photos add to its appeal, while its value-for-money ranking further supports its competitive positioning.
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
Less expensive- Images Available
Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | $1,600 /mo | 1 unit available | Beautiful condo quality 2 Bedroom / 1 Bathroom third floor apartment in North Austin. Bedrooms and living room are very spacious. Professionally managed. Tenant pays electric (electric only building). No security deposit, $500 move-in fee, $50 online application fee per adult, no dogs allowed |
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Policies and fees
Applicants
Applicants
One-time.
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Building details
Property details
| Units | 34 |
|---|
About 5550 W North
Beautiful condo quality, professionally managed property with a mix of 1 and 2 bedroom apartments and commercial units in the North Austin Arts District
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.
8.6
/10
Very GoodWith a solid 8.6 out of 10 overall, 5550 W North is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 5550 W North has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A 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.
5550 W North offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
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, 5550 W North 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.
5550 W North 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·7A 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 it may not have as many distinctive features as similar properties in the surrounding area, renters can trust 5550 W North to provide reasonable accomodations and accurate details about its community.
Trustworthiness·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
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 5550 W North compares to other nearby properties.
Positives
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Images Available
- There are at least 10 photos of this property
Considerations
- Distance from transit
- More than 3.8 miles from public transportation
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Rent trends in Austin
2-bedroom apartments at 5550 W North cost about 14% more than the average rent price for 2-bedroom apartments in Austin.
Median rents as of Oct 24 2026.
Austin
Chicago
| Month | Median Rent |
|---|---|
| November 2024 | $1,562 |
| 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 |
| October 2026 | $1,726 |
| Month | Median Rent |
|---|---|
| November 2024 | $1,299 |
| December 2024 | $2,378 |
| January 2025 | $2,610 |
| February 2025 | $2,742 |
| March 2025 | $2,940 |
| April 2025 | $2,942 |
| May 2025 | $1,515 |
| June 2025 | $1,145 |
| July 2025 | $1,115 |
| August 2025 | $1,028 |
| September 2025 | $920 |
| October 2025 | $889 |
| November 2025 | $1,002 |
| December 2025 | $1,150 |
| January 2026 | $1,133 |
| February 2026 | $1,108 |
| March 2026 | $1,036 |
| April 2026 | $1,068 |
| May 2026 | $1,050 |
| June 2026 | $997 |
| July 2026 | $998 |
| August 2026 | $978 |
| September 2026 | $966 |
| October 2026 | $1,300 |
Affordability calculator
Can I afford to live at 5550 W North 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
$64,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $64,000 annually to afford this 2-bedrooms monthly rent price of $1,600.
For more information on rent affordability, visit our rent calculator.
Schools near 5550 W North
Young Elementary School
1434 n parkside ave
chicago, IL, 60651
PK, K-8Public
C-
Belmont-Cragin Elementary School
5252 w palmer st
chicago, IL, 60639
PK, K-8Public
C-
Chicago Commons Taylor Center for New Experiences
1633 north hamlin ave
chicago, IL, 60647
PKPublic
Chicago Academy Elementary School
3400 n austin ave
chicago, IL, 60634
PK, K-8Public
B-
Plato Learning Academy Elementary School
5545 w harrison st
chicago, IL, 60644
K-8Public
C-
Getting around Chicago near 5550 W North Ave
Walking
8/10
No car? No problem. Everything you need is within a few blocks.
Driving
7/10
This area is close to freeways and has adequate parking options.
Transit
8/10
Popular public transit options are just a short walk from this location.
Points of interest for 5550 W North Ave, Chicago
Groceries
8/10
At least one grocery store within a few minutes' walk
Shopping
6/10
Variety of shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
7/10
Variety of restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
7/10
At least one high school within a 20-minute walk
Parks
7/10
Moderate amount of park space nearby
Nightlife
4/10
Few or no bars within walking distance
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