Luxury Apartments In Chicago

Opting for a luxury apartment in Chicago isn't just about renting a space; it's about embracing a lifestyle that blends convenience, comfort, and elegance.

Luxury apartments in Chicago stand out for their strategic locations, often nestled in downtown neighborhoods like Streeterville, Lakeshore East, West Loop, Gold Coast, South Loop, River North, and the Loop. These neighborhoods offer easy access to the best shopping, dining, and nightlife options, all within walking distance or a short drive. Chicago’s rich history and culture, including numerous museums, theaters, and galleries dotting the landscape, enhance the appeal for those who appreciate the arts and history.

For any renter considering making their home in one of Chicago’s high-end apartments, it’s crucial to grasp the cost involved in embracing such opulence.

Luxury apartments in Chicago offer a broad range of prices, depending on location, amenities, and views. Typically, monthly rents for these upscale rentals start around $2,500 but can surge to $12,000 or more, with the most luxurious apartments reaching $30,000.

Key Influencers on Rental Prices

• Prime Locations: The desirability of neighborhoods like the Gold Coast, South Loop, Streeterville, West Loop, Chicago Loop, and River North plays a role in rental costs. Synonymous with luxury these neighborhoods are strategically located near high-end shopping districts, gourmet dining options, vibrant nightlife, and the Chicago lakefront.
• High-End Amenities: Luxury apartments in Chicago offer amenities such as indoor swimming pools, on-site fitness centers, yoga rooms, podcast studios, fire pits, outdoor pools with cabanas, pet spas, and even golf simulators. 24-hour door staff and concierge services add to the allure, providing convenience and security.
• Apartment Features: Renters can expect homes finished with attention to every detail. From hardwood flooring and chef-caliber kitchens equipped with top-of-the-line stainless steel appliances to smart home technology and marble-clad bathrooms.
• Views: The cost of luxury apartments will generally increase for each floor of the building as a result of the better and higher view.

Popular Neighborhoods for Luxury Apartments

• Gold Coast: Known for its historic charm blended with modern luxury, rental prices here can vary greatly, starting from $2,500 for modest studios to over $7,000 for spacious three-bedroom homes.
• Streeterville: Nestled between the Magnificent Mile and the tranquil waters of Lake Michigan, this neighborhood offers units ranging from $2,200 to upwards of $6,000.
• River North: A vibrant area celebrated for its art galleries and nightlife, where rents range from $2,500 to $10,000 for the most luxurious spaces.
• Lakeshore East: This neighborhood next to Millennium Park offers some of the best unobstructed views in Chicago. Studio apartments begin at $2,000 and go up to $8,000 for larger top-floor apartments.
• West Loop: A destination for foodies and culture seekers, studio apartments start at about $2,200, and penthouses reach around $9,000 in this happening neighborhood.
• South Loop: Next to the Museum Campus and the Loop, this neighborhood provides a slightly more affordable option for luxury living, with rents for studios starting around $1,800 and three bedrooms up to $4,000.
• Chicago Loop: This neighborhood is the center of Chicago and the financial district, it features high-rise apartments ranging from $2,000 to $8,000, especially for those seeking penthouse living.

Additional Costs to Consider It’s also important to account for additional expenses such as parking fees, application fees, security deposits, pet fees, and utilities when opting for luxury apartments. Many upscale buildings also impose move-in fees or non-refundable application fees, impacting the cost.

Additional Neighborhoods For Luxury Apartments

Chicago does have luxury apartments for rent that are located outside of the core downtown neighborhoods. Lately, apartment developers have pushed beyond the typical boundaries of downtown or even downtown-adjacent locations for luxury homes and apartment buildings. Renters in River West, Noble Square, Lincoln Park, Lakeview, or Fulton Market apartments can easily walk, bike, ride or scoot their way into the city center from the west side of town. Still, apartment renters aren’t the only residents of these Chicago neighborhoods. World-class restauranteurs and chefs have also set up shop in the West Loop and nearby neighborhoods, meaning that apartment renters who want to explore the luxury apartment market west of Chicago’s downtown area can quickly treat themselves to great dining whenever they feel like venturing outside of their great apartment kitchens.

To narrow your search for apartment buildings by neighborhood, search Chicago Loop Luxury Apartments, River North Luxury Apartments, and Streeterville Luxury Apartments.