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Highlights

  • Pet Friendly

Location

555 W Madison Street, Chicago, IL 60661, USA|Near West Side

Tour 555 West Madison Street

Contact

Hannah Hensley

HotSpot Rentals

(608) 209-2310

Amenities for 555 West Madison Street, Near West Side

Building

Cats OKDogs OK
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

Dog Policy

Allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Questions about this property’s policies and fees?

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About 555 West Madison Street

HomeApartments in ChicagoNear West Side 555 W Madison Street, Chicago, IL 60661, USA
sweet deal icon
Sweet deal!
This listing is 35% below the median price for 1 bedroom apartments in Near West Side.

Convertible Live in the heart of the West Loop! This building has it all! Walk to the Loop, Ogilvie, Union Station, Kent. Close to UIC, 90/94/290, tons of stores, restaurants and bars! On-site grocery store, concierge, business center, deck with bbq grills and so much more. Each apartment home has been renovated with new kitchens and bathrooms, some units come with hardwood floors! Dogs are welcome however there are breed and weight restrictions so please tell me about your pet. Parking is available for an additional cost. Outdoor neighborhood parking is also an option. Disclaimer: 12 month lease term unless otherwise noted. Pricing, availability and specials are subject to change at any time without notice. Information above is believed to be accurate; however is subject to errors and omissions. Photos may be of model unit. Actual available apartment may vary.


555 West Madison Street is great for:

Work-from-home

  • Common areas for meetings or remote work
  • 32 internet service provider options nearby
  • 21 office supply stores within 1 mile
  • 72 coworking spaces or cafes within 1 mile

Social life

  • 1413 restaurants within 1 mile of this property
  • Community gathering spaces on-site (lounges, rooftops, etc.)
  • 353 museums, art galleries, or cultural centers within 1 mile
  • 144 theaters, music venues, or sports arenas nearby

Address details

NeighborhoodNear West Side
Zip code60661
TypeApartment for rent

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Rent trends in Near West Side

1-bedroom apartments at 555 West Madison Street cost about 35% less than the average rent price for 1-bedroom apartments in Near West Side.

Median rents as of Oct 25 2025.
Near West Side
Chicago
A table of 1-bedroom apartment rental data trends in Chicago
MonthMedian Rent
November 2023$2,063
December 2023$2,116
January 2024$2,165
February 2024$2,174
March 2024$2,319
April 2024$2,180
May 2024$2,248
June 2024$2,337
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
A table of 1-bedroom apartment rental data trends in Near West Side
MonthMedian Rent
November 2023$2,538
December 2023$2,523
January 2024$2,532
February 2024$2,762
March 2024$2,885
April 2024$2,747
May 2024$2,726
June 2024$2,766
July 2024$2,741
August 2024$2,724
September 2024$2,889
October 2024$2,635
November 2024$2,559
December 2024$2,454
January 2025$2,432
February 2025$2,489
March 2025$2,541
April 2025$2,655
May 2025$2,745
June 2025$2,727
July 2025$2,799
August 2025$2,712
September 2025$2,604
October 2025$2,526

Affordability calculator

Can I afford to live at 555 W Madison Street?

Bedrooms

1 bedroom

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

$65,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $65,000 annually to afford this 1-bedroom monthly rent price of $1,625.
For more information on rent affordability, visit our rent calculator.

Schools near 555 West Madison Street

Skinner Elementary School

111 s throop st

chicago, IL, 60607

PK, K-8Public
A-

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-

Kellman Corporate Community Elementary School

3030 w arthington st

chicago, IL, 60612

PK, K-8Public
C-

Thomas Early Childhood Center

3625 s hoyne ave

chicago, IL, 60609

PKPublic
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Internet available near 555 West Madison Street

Neighborhood

Near West Side | Chicago, IL

NEIGHBORHOOD VIBE
Lively and energetic
You’ll be in the heart of the action in this bustling and vibrant area with plenty of shopping, nightlife, and culture.

Getting around Chicago near 555 W Madison Street

Walking

10/10
No car? No problem. Everything you need is within a few blocks.

Driving

4/10
Roads are accessible, but parking may be a challenge.

Cycling

7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

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

Points of interest for 555 W Madison Street, Chicago

Groceries

10/10
Several grocery stores nearby

Shopping

10/10
Wide variety of shops within a few minutes' walk

Cafes

10/10
Variety of cafés right on the street

Restaurants

10/10
Variety of restaurants right on the street

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

8/10
Large amount of park space nearby

Nightlife

10/10
Variety of bars right on the street

Explore the area around 555 W Madison Street

Hometown Food Company
500 W Madison St
Getir
625 W Adams St
Suarez Market
131 N Clinton St
H Mart
711 W Jackson Blvd
Whole Foods Market
1 N Halsted St

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