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Convertible Apartments: The Downtown Market’s Best Apartment Hack

Wednesday, February 13th, 2019

“A convertible? Like a car with a retractable roof?”

To those in the know, renting a convertible apartment is one of the best ways to score a deal. The term, “convertible”, simply means that a layout is a hybrid of a studio and 1 bedroom layout and can refer a broad range of unit styles. Renting a convertible can be a great option if your price range doesn’t allow for a 1 bed but you want more separation than a studio would typically provide.

Some convertibles have fully enclosed bedrooms with a sliding door instead of a hinged door (as you’d typically find in a traditional 1 bed). Some have four partial-height walls or have 3 1/2 walls with no door. However, some convertibles are essentially large studios with an alcove for a bed.

Here are a few of our favorite convertibles (all of which have in-unit laundry)!

Property 85- Michigan/Lake

Now leasing luxury convertible apartments for rent near downtown chicago

Property 85’s convertible made the list because we love the sliding sea glass door separating the bedroom from the living space. Although the bedroom is fully enclosed and the layout is comparable in size to a 1 bed, this layout tends to run anywhere from $150-300 less than the traditional 1 beds in this building.

Now leasing luxury convertible apartments for rent near downtown chicago mag mile
Take in the breathtaking views of downtown Chicago’s skyline from the Sky Lounge at property 85

Property 5- Kingsbury/Grand

Now leasing luxury convertible apartments for rent near downtown chicago

Looking to be in the heart of River North without breaking the bank? Convertibles at River North property 5 have full-sized one bedrooms with wooden, sliding doors, plenty of closet space, and even an ensuite Juliette balcony. We love this layout because it offers terrific separation and is currently $450 less than a traditional 1 bed layout in this building. What a deal!

There’s plenty of room to spread out (or work from home) on property 5’s roof terrace

A note to pet owners: the spacious dog run (adjacent to the building’s private portion of the riverwalk) makes this building a must-see! Looking for a dog friendly convertible apartment? Check out property 5!

Property 82- Illinois/Michigan

At 695 square feet, this convertible is even larger than most 1 bedroom layouts. The floor-to-ceiling windows overlooking the city bring in maximum natural light and add to the grandeur of the unit. The bedroom area in this floor plan has an alcove with two half-walls separating it from the living area. We love this building for its outstanding amenities and convenient location, as it provides covered access to Whole Foods and is right on the border of Gold Coast and Streeterville. The unique layout can be hard to picture, so see the floor plan below!