Illinois Institute of Technology

Chicago, IL

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Illinois Institute of Technology - Chicago, IL

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A stellar institution in Chicago’s historic Bronzeville district

Private Urban Lake Walkable Public Transportation Rail Service

Since its inception in 1890, Illinois Institute of Technology has built a reputation as one of the finest institutions of its kind in the Midwest. Although a private university, Illinois Tech is considered one of the best values for higher education in the United States. While IIT specializes in the sciences (boasting one of the top-ranked engineering doctoral programs in the nation), they school also features a robust liberal arts sector and remains one of only a handful of tech-based institutions to operate its own law school.

In your downtime, it’s easy to walk over to Guaranteed Rate Field for a White Sox Game, or to Burnham Park to enjoy tranquil views of Lake Michigan. Chinatown and South Loop are only a few blocks to the north, and both Metrarail and subway service stop near the campus, opening up the entire city to you anytime. The cost of renting near IIT can vary dramatically, although several apartments and condos are available for under $1000 per month. The Bronzeville neighborhood is known for its historic buildings, and offers many opportunities to live in well-preserved buildings and townhomes as well as more contemporary units.

Rent Trends

As of January 2025, the average apartment rent in Chicago, IL is $1,491 for a studio, $1,856 for one bedroom, $2,347 for two bedrooms, and $2,836 for three bedrooms. Apartment rent in Chicago has increased by 0.3% in the past year.

  • Studio

  • 443 sq ft

    Average Sq Ft

  • $1,491/month

    Average Rent

  • 1 BR

  • 660 sq ft

    Average Sq Ft

  • $1,856/month

    Average Rent

  • 2 BR

  • 923 sq ft

    Average Sq Ft

  • $2,347/month

    Average Rent

  • 3 BR

  • 1,179 sq ft

    Average Sq Ft

  • $2,836/month

    Average Rent

Transportation

83

Very Walkable

out of 100 WalkScore® Rating

If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.

66

Good Transit

out of 100 TransitScore® Rating

The area around this property has good transit with many nearby transportation options.

77

Very Bikeable

out of 100 BikeScore® Rating

This area is very bikeable. You’ll find a variety of bike paths and lanes.

Schools

Hawthorne Elementary Scholastic Academy

Public

Grades K-8

604 Students

10
out of 10

Haines Elementary School

Public

Grades PK-8

529 Students

10
out of 10

Skinner North Elementary School

Public

Grades K-8

490 Students

10
out of 10

Hamilton Elementary School

Public

Grades PK-8

451 Students

10
out of 10

Prescott Elementary School

Public

Grades K-8

404 Students

10
out of 10

Hawthorne Elementary Scholastic Academy

Public

Grades K-8

604 Students

10
out of 10

Haines Elementary School

Public

Grades PK-8

529 Students

10
out of 10

Skinner North Elementary School

Public

Grades K-8

490 Students

10
out of 10

Hamilton Elementary School

Public

Grades PK-8

451 Students

10
out of 10

Prescott Elementary School

Public

Grades K-8

404 Students

10
out of 10

Jones College Prep High School

Public

Grades 9-12

1,941 Students

10
out of 10

Payton College Preparatory High School

Public

Grades 9-12

1,233 Students

10
out of 10

Northside College Preparatory High School

Public

Grades 9-12

1,040 Students

10
out of 10

Hancock College Preparatory High School

Public

Grades 9-12

1,013 Students

10
out of 10

Devry Advantage Academy High School

Public

Grades 11-12

135 Students

10
out of 10

Points of Interest

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