For students, faculty, and staff associated with Loyola University Chicago, securing housing in the surrounding Rogers Park neighborhood is a primary consideration. Determining the cost of apartments in this area requires a comprehensive analysis of market demand, local amenities, and the existing inventory of rental properties. While Rogers Park has historically been known as one of Chicago’s more affordable lakefront neighborhoods, its rental landscape is influenced by proximity to the university, access to public transit, and a diverse range of housing stock.
Key Factors Influencing Rental Prices Near Loyola Chicago
Several specific variables contribute to the cost of apartments in the vicinity of Loyola’s Lake Shore Campus. A thorough understanding of these factors is essential for prospective tenants navigating the market.
- Proximity to Campus: The most significant driver of rent is the distance to the university. Properties located within a few blocks of the campus, particularly those east of Sheridan Road, command higher prices due to intense demand from students seeking a short walk to classes. As one moves further west into Rogers Park or south into Edgewater, rental rates generally decrease.
- Lakefront Access: Apartments offering views of Lake Michigan or immediate access to the lakefront path and beaches are priced at a premium. These desirable locations combine the benefits of urban living with scenic natural beauty, making them highly sought after.
- Building Type and Amenities: The Rogers Park area contains a wide array of housing, from vintage courtyard buildings and classic Chicago walk-ups to mid-rise and high-rise structures. Newer or recently renovated buildings that offer modern amenities—such as fitness centers, in-unit laundry, and updated kitchens—will have higher rental prices than older buildings with fewer conveniences.
- Public Transportation: The neighborhood is well-served by the CTA Red Line, with the Loyola and Morse stations providing direct access to downtown and other parts of the city. Apartments situated close to these transit hubs are valued for their convenience, which is often reflected in the rent.
Interested in whether apartments near Loyola Chicago are expensive? Start searching the latest Rogers Park apartments to hit the market now, or contact our local rental experts with Fulton Grace for all your apartment needs!
Top Apartment Buildings Near Loyola
A number of professionally-managed apartment buildings in close proximity to Loyola University Chicago offer a combination of modern amenities, secured access, and convenient locations. Below are details on three prominent options:
The Vivian
Located at 1237 W. Devon Avenue, The Vivian is a contemporary mid-rise designed for a wide range of renters. The building features studio, one-, and two-bedroom layouts with high ceilings, in-unit laundry, and modern kitchens with quartz countertops. Residents have access to a fitness center, rooftop terrace with lake views, secure bike storage, and package receiving services. As of spring 2024, rents for studios start around $1,350 per month, with one-bedrooms averaging $1,650 and two-bedroom units in the $2,200 range.
The Morgan at Loyola Station
Situated at 1209 W. Arthur Avenue, The Morgan is steps away from Loyola’s campus and the Loyola Red Line station. Units offer open floor plans, large windows for ample natural light, and contemporary finishes including granite countertops and stainless-steel appliances. Amenities include a resident lounge, business center, 24-hour fitness facility, and a landscaped courtyard. On-site parking and controlled access enhance convenience and security. Recent pricing indicates studios from approximately $1,400 per month, one-bedrooms in the $1,700 to $1,800 range, and two-bedrooms generally between $2,300 and $2,500 per month.
The Concord at Sheridan
Directly adjacent to campus at 6438 N. Sheridan Road, The Concord at Sheridan is a mixed-use, modern development featuring retail on the ground floor and apartments above. Floor plans include studio, one- and two-bedroom options, all with in-unit washer/dryer, plank flooring, and large windows. Residents benefit from amenities such as a fitness center, rooftop deck with grilling stations, resident lounge, and onsite management. The property also offers direct access to Jewel-Osco for convenient grocery shopping. Spring 2024 pricing reflects studios starting near $1,400, one-bedrooms ranging from $1,650 to $1,800, and two-bedrooms typically at $2,350 to $2,600 per month.