If your rental budget is between $3,000 and $5,000 per month, you’re in a great position to secure a beautiful, luxury apartment in one of Chicago’s most desirable neighborhoods. But what exactly does that price range get you, and where should you look?
At Strato Living, we help clients find high-end apartments that match their lifestyle, location preferences, and must-have features. Here’s a quick breakdown of what you can expect to rent in eight popular neighborhoods with that budget.
West Loop
What You’ll Get: 2 bed, 2 bath | ~1,100–1,300 sq ft | Modern finishes
Building Perks: Rooftop pool, coworking lounges, dog spas, fitness centers
Vibe: Trendy, walkable, full of Michelin-starred restaurants and boutique gyms
River North
What You’ll Get: 1–2 bed luxury unit with skyline views
Building Perks: 24-hour concierge, valet parking, resort-style amenities
Vibe: Sophisticated, vibrant nightlife, close to downtown offices
Streeterville
What You’ll Get: Spacious 2 beds or high-floor 1 bed with lake views
Building Perks: Indoor pool, spa, private terraces, business centers
Vibe: Coastal urban feel with proximity to Navy Pier and the lakefront
Gold Coast
What You’ll Get: Large 1–2 bed units in charming or ultra-modern buildings
Building Perks: Historic charm meets luxury, think fireplaces and marble baths
Vibe: Upscale, classic Chicago elegance, boutique shopping nearby
The Loop
What You’ll Get: 2 bed, 2 bath in newer high-rises or historic lofts
Building Perks: Rooftop decks with skyline views, in-unit tech upgrades
Vibe: Downtown business hub meets weekend escape with theaters and parks
South Loop
What You’ll Get: Newer 2–3 bed units with high ceilings and modern design
Building Perks: Garage parking, fitness studios, rooftop lounges
Vibe: Quieter but growing, close to museums, lakefront, and Soldier Field
Lakeshore East
What You’ll Get: 1 bed with stunning lake or park views, some 2 beds
Building Perks: Indoor/outdoor pools, wellness spas, high-end kitchens
Vibe: Hidden gem feel, peaceful, exclusive, park-centric
Old Town
What You’ll Get: Upscale 1–2 beds in low-rise or mid-rise boutique buildings
Building Perks: Rooftop grilling, pet amenities, walkability
Vibe: Historic, artsy, and social, with easy access to downtown
Let Strato Living Help You Land the Right Apartment
Luxury apartments move fast in Chicago, especially in the $3,000–$5,000 range. Our team at Strato Living specializes in helping renters find the best apartments, without the stress. We offer a white-glove service that’s completely free to you as a renter.
Start your search with us today!
