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Updated 3 Hours Ago

Location

2300 S Michigan Ave #503, Chicago, IL 60616, USA|South Loop

Tour 2300 S Michigan Ave #503

Contact

Elaine Ramirez

(844) 284-9790 ext. 6401

Amenities for 2300 S Michigan Ave #503, South Loop

Features

Central AirNatural Gas

Appliances

DishwasherIn-Unit Laundry

Community

Exterior Type: BrickLaundry Room

Grounds

Garage Parking

Other

Exterior Type: LimestoneFour Rooms
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
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About 2300 S Michigan Ave #503

HomeHouses in Chicago 2300 S Michigan Ave #503, Chicago, IL 60616, USA

Property Status: Active Office Phone: (630) 359-1173 Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Source: Midwest Real Estate Data, LLC|MLS Listing No. 12696834

Go to property website

Address details

NeighborhoodSouth Loop
Zip code60616
TypeHouse for rent

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Rent trends in South Loop

1-bedroom apartments at 2300 S Michigan Ave #503 cost about 4% more than the average rent price for 1-bedroom apartments in South Loop.

Median rents as of Aug 15 2026.
South Loop
Chicago
A table of 1-bedroom apartment rental data trends in Chicago
MonthMedian Rent
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
June 2026$2,198
July 2026$2,192
August 2026$2,185
A table of 1-bedroom apartment rental data trends in South Loop
MonthMedian Rent
August 2024$2,265
September 2024$2,252
October 2024$2,272
November 2024$2,280
December 2024$2,207
January 2025$2,194
February 2025$2,212
March 2025$2,236
April 2025$2,288
May 2025$2,380
June 2025$2,364
July 2025$2,507
August 2025$2,429
September 2025$2,383
October 2025$2,321
November 2025$2,200
December 2025$2,232
January 2026$2,273
February 2026$2,324
March 2026$2,393
April 2026$2,427
May 2026$2,430
June 2026$2,453
July 2026$2,434
August 2026$2,402

Affordability calculator

Can I afford to live at 2300 S Michigan Ave #503?

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

$99,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $99,800 annually to afford this 1-bedroom monthly rent price of $2,495.
For more information on rent affordability, visit our rent calculator.

Schools near 2300 S Michigan Ave #503

National Teachers Academy

55 w cermak rd

chicago, IL, 60616

PK, K-8Public
B

Bridgeport Child Development Center

3053 s normal ave

chicago, IL, 60616

PKPublic

Bronzeville Classical Elementary School

8 w root st

chicago, IL, 60609

K-6Public
A-

Chicago Commons Guadalupano Family Center

1814 s paulina ave

chicago, IL, 60608

PKPublic

Ariel Elementary Community Academy

1119 e 46th st

chicago, IL, 60653

PK, K-8Public
C-
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Internet available near 2300 S Michigan Ave #503

Getting around Chicago near 2300 S Michigan Ave #503

Walking

9/10
No car? No problem. Everything you need is within a few blocks.

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

8/10
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 2300 S Michigan Ave #503, Chicago

Groceries

9/10
Exceptional variety of groceries within a few minutes' walk

Shopping

8/10
Wide variety of shops within a few minutes' walk

Cafes

10/10
Exceptional variety of cafés within a few minutes’ walk

Restaurants

9/10
Exceptional variety of restaurants within a few minutes’ walk

Primary schools

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

High schools

10/10
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

9/10
Wide variety of bars within a few minutes' walk

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dogs and cats ok
Yes
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Yes
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Yes
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Yes

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