NEMA Chicago
1210 S Indiana Ave,
Chicago, IL 60605
$2,309 - $7,349
Studio - 3 Beds
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.
As of February 2026, the average apartment rent in Grant Park is $2,413 for a studio, $2,893 for one bedroom, $4,179 for two bedrooms, and $6,833 for three bedrooms. Apartment rent in Grant Park has increased by 3.6% in the past year.
Studio
514 sq ft
Average Sq Ft
$2,413/month
Average Rent
1 BR
751 sq ft
Average Sq Ft
$2,893/month
Average Rent
2 BR
1,147 sq ft
Average Sq Ft
$4,179/month
Average Rent
3 BR
1,603 sq ft
Average Sq Ft
$6,833/month
Average Rent
Walker's Paradise
out of 100 WalkScore® Rating
Lace up your walking shoes because this area is considered a walker’s paradise.
Rider's Paradise
out of 100 TransitScore® Rating
Living in this area is considered a rider’s paradise, with world-class transportation.
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
3,462
Communities
953,559
Units
891
Cities
719
Communities
198,687
Units
342
Cities
637
Communities
127,068
Units
249
Cities
628
Communities
173,139
Units
244
Cities
547
Communities
121,595
Units
218
Cities
462
Communities
109,530
Units
233
Cities
† 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.