Presidential Towers
555 W Madison St,
Chicago, IL 60661
$1,645 - $6,469
Studio - 2 Beds
Area Guide
Downtown Chicago Chicago, IL
The best of Chicago at your doorstep
Walkable
•
Arts
•
Dining
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 May 2026, the average apartment rent in Downtown Chicago is $2,324 for a studio, $2,898 for one bedroom, $4,174 for two bedrooms, and $5,660 for three bedrooms. Apartment rent in Downtown Chicago has increased by 3.1% in the past year.
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Studio
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520 sq ft
Average Sq Ft
-
$2,324/month
Average Rent
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1 BR
-
744 sq ft
Average Sq Ft
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$2,898/month
Average Rent
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2 BR
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1,114 sq ft
Average Sq Ft
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$4,174/month
Average Rent
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3 BR
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1,410 sq ft
Average Sq Ft
-
$5,660/month
Average Rent
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Downtown Chicago - Chicago, IL is for everyday living.
Moderately Walkable
Walkability
70
/ 100
Exceptional Public Transit
Transit
100
/ 100
Exceptionally Drivable
Drivability
90
/ 100
Very Bikeable
Bikeability
80
/ 100
Daily Essentials
In Downtown Chicago - Chicago, IL, daily errands are quick and hassle-free.
Supermarket Within a 5 Minute Walk
Groceries
90
/ 100
Exceptional Restaurant Variety Nearby
Restaurants
90
/ 100
Exceptional Café Variety Nearby
Cafes
90
/ 100
Exceptional Variety of Shops Nearby
Shopping
100
/ 100
Recreation
Downtown Chicago - Chicago, IL provides ample green space and fitness centers within easy reach.
Very Large Amount of Park Space Nearby
Parks
80
/ 100
Great Wellness Amenity Variety Nearby
Wellness
80
/ 100
Local Vibe
Get a sense of what it’s like to live in Downtown Chicago - Chicago, IL from everyday activity to noise and nightlife.
Highly Vibrant Atmosphere
Vibrancy
80
/ 100
Exceptional Nightlife Variety Nearby
Nightlife
90
/ 100
Extremely Noisy
Quiet Score
10
/ 100
Scores provided by
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 February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.