The Residences at NewCity
1457 N Halsted St,
Chicago, IL 60642
$2,739 - $4,595 | Studio - 2 Beds
Old Town
Chicago, IL
Old Town - Chicago, IL
Area Guide
Old Town is full of diversity – and one cool comedy district!
Historic
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Architecture
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Lively
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Eclectic
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Diverse
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Culture
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Illinois
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The historic neighborhood of Old Town is located in the North Side of Chicago, adjacent to Lincoln Park. Its buildings date back to the Victorian era, but the pace is anything but old-fashioned.
Old Town is lively both day and night – residents enjoy the cool, eclectic shops as well as rustic taverns along Wells Street. When you first step into the community, you’ll probably notice the iron “Old Town” sign. You’ll also discover the diversity here, both in food and culture. The comedy zone is a great place to go for a good laugh – check out the Second City or Zanies Comedy Club for weekly shows.
In addition to the eclectic shops along Wells Street, residents find comfort in the local market where they can purchase fragrant spices, imported oils, and blended wines. Many family-owned restaurants reside here - from pizza parlors to steakhouses and sushi.
Rent Trends
As of April 2025, the average apartment rent in Old Town is $2,229 for a studio, $2,891 for one bedroom, $3,949 for two bedrooms, and $6,143 for three bedrooms. Apartment rent in Old Town has increased by 3.4% in the past year.
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Studio
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559 sq ft
Average Sq Ft
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$2,229/month
Average Rent
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1 BR
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702 sq ft
Average Sq Ft
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$2,891/month
Average Rent
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2 BR
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1,057 sq ft
Average Sq Ft
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$3,949/month
Average Rent
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3 BR
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1,415 sq ft
Average Sq Ft
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$6,143/month
Average Rent
Transportation
97
Walker's Paradise
out of 100 WalkScore® Rating
Lace up your walking shoes because this area is considered a walker’s paradise.
81
Excellent Transit
out of 100 TransitScore® Rating
You’ll have excellent transit living in this area, with several nearby transit stops.
91
Biker's Paradise
out of 100 BikeScore® Rating
Do you prefer to get around on two wheels? You’ll love living in this neighborhood, which is considered a biker’s paradise.
Points of Interest
Shopping Centers
Parks and Recreation
- Lincoln Park Zoo
- Oz Park
- Lincoln Park
- Notebaert Nature Museum
- Lake Shore Park
Military Bases
Airports
- Chicago Midway International
- Chicago O'Hare International
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Methodology
† 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.