If you’re looking for luxury apartments in Chicago and wondering when to start your search or how much to budget for your move, here’s everything you need to know before getting started!
Timing your search depends on whether you’re looking to live in a managed high rise or a privately owned condo. In general, managed buildings will start to have availability about 60 days out and privately owned condos tend to pop up within 30 days of their availability date. Managed high rises tend to offer the beset pricing and concessions (like rent credits or a month free) for vacant units more often than they do for units coming up later. However, luxury apartments in Chicago tend to rent pretty quickly, so you don’t want to wait too long and risk having limited availability. All in all, the best time to look for an apartment in Chicago is about 45 days out from your move date if you want the maximum number of options and the best pricing.
Managed high rises tend to have lower costs associated with moving than privately owned condos because they’ll often do a small administrative fee (about $400-500) and no security deposit or move in fees. Often times, the administrative fee can be credited back to your rent account if you apply within 24-48 hours of first touring the unit.
Privately owned condos tend to ask for a security deposit (about one month of rent), a move in fee (usually about $300-750), and first months rent.
In some cities like New York or Boston, it’s customary to pay a broker fee. Renters are often happy to learn that there are no costs associated with working with a broker for renters in Chicago.
Both managed high rise units and privately owned units will ask for an application fee, usually ranging around $50-65.
All in all, it tends to cost about $500-600 plus your first month of rent to move into an apartment in a managed high rise and it tends to cost about two months of rent plus about $400-800 to move into a privately owned condo. Of course, these numbers are averages and will vary depending on the landlord.
Coast at Lakeshore East apartments offers an incredible value on luxury rentals. These pet friendly apartments are beloved by residents for their sleek interiors, top of the line appliances, outstanding amenities, panoramic views, and little extra building conveniences.
If you’re looking for great natural light and sweeping city views, look no further! With glass paneled balconies, open floor plans, and floor to ceiling windows, these stunning apartments take in optimal natural light with great views of the Chicago River, Lake Michigan, Lakeshore East Park, and the Chicago skyline. Kitchens come equipped with GE Clean Steel Energy Star appliance packages including a refrigerator with an ice maker, gas range and oven, full sized microwave, dishwasher, and full sized washer and dryer. Whether you’re looking for light and bright white quartz or dark and homey espresso cabinetry with nickel hardware, Coast has something for you with a choice between two finish packages. Bathrooms all have sleek finishes with oversized marble vanities, ceramic tile, and mosaic accents throughout. The apartments at Coast also have excellent storage space between the generous amount of cabinetry and spacious closets. All units also have individually controlled heat and air conditioning, high speed internet, window treatments, and plank flooring.
Coast is a full amenity building. Residents have access to plenty of co-working space including private meeting rooms, a tech center with PC and MAC stations, and shared areas. All the amenity spaces are outfitted with complimentary WiFi, so you can feel free to take your Zoom meetings from the outdoor landscaped garden and deck or the adjacent indoor lounge. Year round enjoy the indoor spa lounge with a hot tub, sauna, and steam room, the state of the art fitness center with Cybex equipment, and the private dining lounge.
Warm up at the heated outdoor lap pool or around the fire pit with lounge seating. Coast also offers a multitude of on site resident conveniences like a private dog run and washing station, stainless steel barbecue grills, on site parking, bicycle and resident storage, an eco-friendly neighborhood courtesy shuttle, Zip Cars, electric car charging stations, 24 hour door staff and maintenance, package receiving, valet dry-cleaning, and of course, Pedway access.
Looking for luxury apartments for rent near Lakeshore East? Contact us today! One of our neighborhood experts will be happy to answer all your questions. We are now offering virtual, in person, and self guided tours.
If you’re looking for a tranquil, homey loft to live in near Old Town but don’t want to compromise being close to all the action, Cobbler Square Lofts could be right for you. The front entrance of this boutique rental building is located right on Wells Street, surrounded by shops, restaurants, nightlife, boutique fitness studios, and more. In the warmer months, there’s even a weekly farmers market right outside the door! However, the apartments at Cobbler Square still have a private, quiet feel. Once you walk through the front entrance into the main building, you’ll go through a gorgeous courtyard to access the residences. It feels like you’ve just been transported to a small, charming village hidden in plain sight.
Each loft apartment is unique but all of them have spacious, open layouts. Most units have 12 to 18 foot ceilings, open kitchens with large, granite islands and countertops, gas stoves, central AC and gas forced heat with individual climate control, dishwashers, and generous closet space. Some units also have loft style accents such as exposed brick walls, wood beam ceilings, stainless steel appliance packages, a balcony or terrace, walk in closets, espresso cabinetry, dens, French door separation, double vanity sinks in bathrooms, sun rooms, tiled kitchen backsplashes, split level layouts, and wood plank flooring.
The amenities at Cobbler Square include a 24 hour fitness center, on site laundry, a sundeck with grilling stations, package receiving, business center and conference room with wifi, resident lounge with popcorn and a pool table, parking, dry cleaning service, concierge, on site 24-hour maintenance, on site salon, a landscaped spacious courtyard, recycling, and on site maintenance. Cobbler Square lofts also offers dog friendly apartments!
Looking for luxury apartments for rent near Old Town? Contact us today! We’d be happy to keep you in the Loop!
The South Loop is dense with new inventory and continuing to develop at a fast pace. Between all the new mega developments, namely Lendlease’s Southbank development, CMK’s Riverline development, and Related Midwest’s 78 development, the South Loop is in for new residences, community amenities, retail and entertainment, and green space on a massive scale. In response to all this new inventory, prices in the area are quite competitive. If you’re looking for a great deal but don’t want to compromise on quality, South Loop is a great place to look. These South Loop 2 bed apartments all have in unit washer and dryer and are available now!
Property 14- Clark & Polk
Since this Printer’s Row apartment building was originally designed as a condo building all units have unique, high grade finishes, massive walk in closets, and balconies. Each layout is also more spacious than a typical apartment in the area, with 1 beds up to 963 square feet and 2 beds up to 1535 square feet. Some units even have home offices, dens, and extra half baths. Even though this building is only a few years old, it already revamped all amenities, keeping it highly competitive with all the area’s brand new inventory.
Two bedroom, two bath apartments are currently starting at $2525.
Property 18- Delano Court & Roosevelt
Looking for a 2 bed loft apartment? Look no further! These 2 bed, 2 bath loft style rentals are a steal! The finishes are modern but still warm and homey, with light hardwood in the living space, carpet in the bedrooms, concrete ceilings, a mosaic backsplash, and dark, espresso cabinetry.
This prime location is tucked away on a court with lots of retail and dining, but is only a few blocks west of State Street and the Roosevelt CTA, which provides direct access to Midway Airport, the Loop, and north and west through the city. There are also three major grocery stores within walking distance and a target less than a block away.
Property 147- Wells & Financial Place
**Ask About 2 Months Free!**
This stunning new construction rental building offers multiple styles of 2 bedroom apartments, including both traditional high rise style rentals as well as townhomes for rent. The amenities in this new luxury building are unparalleled and include multiple spacious outdoor areas, a rooftop pool, expansive fitness center, a music room, craft shop space, an outdoor movie screening area, hammocks, co-working space, and even a hair salon! All units feature state-of-the-art finishes, high quality appliances, and thoughtful layouts with ample storage space.
The 2 bed townhouse rentals are two stories and feature a balcony as well as a powder room on the living area floor.
2 bedroom apartments are currently starting at $2770.
Looking for luxury 2 bed apartments for rent near South Loop? Contact us today! We’d be happy to keep you in the Loop!
With over 10,000 square feet of amenity space, living rooms with wall to wall windows, elegant interiors, spacious layouts, and a prime River North location, 640 North Wells offers residents an elevated lifestyle.
Choose from a selection of 22 layouts including studios, 1, 2, and 3 bedroom apartments. Each open concept layout at 640 North Wells features 9 1/2 foot ceilings, floor to ceiling windows with panoramic views, hardwood floors, front loading washers and dryers in unit, and oversized master suites. The chef-inspired kitchens feature 3 centimeter thick stone countertops, stainless steel appliances, chef grade wall mounted ovens, hood ranges, kitchen islands, subway tile backsplashes, and ample storage space.
Select units offer large private terraces and balconies as well.
The amenities at 640 North Wells are second to none. Step out to the rooftop terrace to take a dip in the pool or sprawl out in one of the sundeck cabanas adjacent to the hot tub.
Although all amenity areas offer high speed wifi, residents enjoy working from home in the fireside library. The game and media lounge features shuffleboard, foosball, and a large TV with comfortable group seating. In addition to the grilling terrace and indoor private dining suite, the 23rd floor sky lounge social club is another great place to relax, entertain guests around a fire pit, and take in views of downtown Chicago’s skyline. Whether you’re an avid golfer or your busy schedule has your clubs collecting dust, check out the pro grade golf simulator and rooftop putting and practice green.
The fitness center at 640 North Wells features a wide variety of cardio and weight training equipment, free weights, and a yoga studio with free classes. Having an on site fitness center is just one of many conveniences residents at 640 enjoy. Pets are welcome at 640 North Wells and the on-site oversized dog run makes pet care much more convenient.
Looking for luxury apartments for rent near River North? Contact us today! We’d be happy to keep you in the Loop!