Presidential Towers
555 W Madison St,
Chicago, IL 60661
$1,580 - $9,400 | Studio - 2 Beds
Chicago’s Near North Side has earned a reputation as one of the most desirable communities in the city for renters. Residents generally recognize the Near North Side as the area below North Avenue between Lake Michigan and the Chicago River. This large waterfront section of the city incorporates several smaller neighborhoods, including River North, Old Town, and Gold Coast. You’ll find the area’s most popular attractions along the famous Michigan Avenue (AKA “The Magnificent Mile”), a swanky shopping corridor that also incorporates high-end restaurants, trendy nightclubs, and performance venues.
So, what is it like to live in Near North Side? The magnificent Victorian architecture intermingles with the modern skyscrapers, creating a distinctive and timeless atmosphere. This section of the city is also home to a vast array of art galleries, displaying everything from the classical to the contemporary. Residents enjoy easy access to the lake, including the famous Navy Pier and the North Avenue Beach. The mix of apartments, condos, and corporate skyscrapers gives many residents the option to walk to work quickly and easily, and of course Chicago’s public transportation options are readily available to get you anywhere in the city.
As of April 2025, the average apartment rent in Near North Side is $1,719 for a studio, $2,625 for one bedroom, $3,768 for two bedrooms, and $5,606 for three bedrooms. Apartment rent in Near North Side has increased by 5.0% in the past year.
Studio
382 sq ft
Average Sq Ft
$1,719/month
Average Rent
1 BR
739 sq ft
Average Sq Ft
$2,625/month
Average Rent
2 BR
1,078 sq ft
Average Sq Ft
$3,768/month
Average Rent
3 BR
1,515 sq ft
Average Sq Ft
$5,606/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.
Excellent Transit
out of 100 TransitScore® Rating
You’ll have excellent transit living in this area, with several nearby transit stops.
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
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† 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 2025.