Presidential Towers
555 W Madison St,
Chicago, IL 60661
$1,610 - $9,445
Studio - 2 Beds
Downtown Chicago
Chicago, IL
Downtown Chicago - Chicago, IL
Area Guide
The best of Chicago at your doorstep
Walkable
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Arts
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Dining
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Shopping
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Museums
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Chicago’s reputation as one of America’s most distinctive cities owes a lot to the electric atmosphere and vibrant culture that defines Downtown Chicago. Iconic sites like Grant Park, Soldier Field, the Chicago Theatre, Navy Pier, and the Chicago Riverwalk are the most famous landmarks in Downtown, but that barely scratches the surface of what the neighborhood has to offer: dozens of theaters, live music venues, museums, and galleries fill the area, along with hundreds of shops and restaurants catering to every conceivable taste, plus the campuses of Columbia College Chicago, DePaul University, and the Art Institute of Chicago.
The Loop, Greektown, River North, and the Magnificent Mile are all nearby, easily reached by a short ride on the train. There’s no shortage of swanky apartments and condos in Downtown Chicago, but you can often find great deals on studios as well, allowing you to live in the heart of the action even if you’re on a budget.
Explore the Neighborhood
Downtown Chicago's popular Riverwalk
Aerial view of Downtown Chicago at dusk
Rent Trends
As of January 2026, the average apartment rent in Downtown Chicago is $1,109 for a studio, $1,363 for one bedroom, $1,724 for two bedrooms, and $1,998 for three bedrooms. Apartment rent in Downtown Chicago has increased by 0.0% in the past year.
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Studio
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522 sq ft
Average Sq Ft
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$1,109/month
Average Rent
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1 BR
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795 sq ft
Average Sq Ft
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$1,363/month
Average Rent
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2 BR
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1,228 sq ft
Average Sq Ft
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$1,724/month
Average Rent
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3 BR
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1,465 sq ft
Average Sq Ft
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$1,998/month
Average Rent
Points of Interest
Shopping Centers
Parks and Recreation
- Alliance for the Great Lakes
- Field Museum of Natural History
- Openlands
- Grant Park
- Millennium Park
Airports
- Chicago Midway International
- Chicago O'Hare International
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.