Key takeaway: A one-bedroom in Streeterville averages about $2,900 to $3,500 a month in 2026, condos on the Near North Side sold for a median $323,000 in 2024, and Ohio Street Beach and the lakefront are steps away.
Streeterville is the high-rise neighborhood east of Michigan Avenue, between the river and Oak Street, home to Navy Pier, Northwestern’s medical campus and a long row of lakefront towers. Living here is a luxury, and a fine one if you know the costs. Its typical one-bedroom, about $2,917 a month, runs about $838 above the citywide typical of $2,079 (Zillow, September 2026), the 2nd highest of the 92 areas in our neighborhood comparison. See also our River North page.
| Typical one-bedroom | $2,917 a month |
| Typical two-bedroom | $4,642 a month |
| Income for your own one-bedroom | About $116,680 a year |
| L lines | Red |
| Metra | Millennium Station nearby |
| Part of the city | Downtown |
On this page: Rent · Getting around · Groceries · Free to use · What is coming · Parking · Taxes and home prices · Sample budget
Rent by apartment size
| Unit | RentCafe (avg., Sept 2026) | RentHop (Oct 2026) |
|---|---|---|
| Studio | $2,182 | $2,928 |
| 1 bedroom | $2,917 | $3,509 |
| 2 bedrooms | $4,642 | $5,575 |
| 3 bedrooms | $7,068 | $7,990 |
Source: RentCafe Streeterville, updated September 30, 2026; RentHop Streeterville. RentHop’s figures jumped 40% to 50% from a year earlier, which likely reflects a run of new luxury listings, so treat them as the high end. Sources differ because they track different listings; see why rent reports disagree.
Getting around
- L trains: the Red Line’s Grand and Chicago stations are just west on State Street (City of Chicago L stop data). CTA fares are $2.25 a bus ride and $2.50 a train ride with Ventra, or $75 for a 30-day pass (CTA fares).
- Buses: #157 Streeterville/Taylor on weekdays, plus #66, #65 and #29 to Navy Pier and #146 on Michigan Avenue.
- Metra: Millennium Station (Metra Electric, Zone 1) is just south of the river.
A 30-day CTA pass is $75 (CTA).
Groceries nearby
| Store | Address |
|---|---|
| Whole Foods Streeterville | 255 E. Grand Ave. |
| Trader Joe’s River North | 44 E. Ontario St. |
| Jewel-Osco Ohio and State | 550 N. State St. |
Source: each store’s own location page or locator, checked October 25, 2026. See our Chicago grocery guide.
Free to use
Ohio Street Beach has lifeguards from 11 a.m. to 7 p.m. from Memorial Day weekend through Labor Day, and Lake Shore Park at 808 N. Lake Shore Dr. has a track, tennis and pickleball courts, a gym and a fitness center.
What is coming
The North Tower at 400 Lake Shore Drive, 72 stories with 635 rentals, has started leasing, with completion set for March 2027 (REBusiness).
Parking
If you will have a car, check your block with the City Clerk’s zone lookup before you sign a lease. Adding a residential permit zone to your City Sticker costs $25 to $35 a year, on top of the $105.18 passenger-car sticker; our parking guide covers guest passes, meters and garages.
Property taxes and home prices
The Assessor reports by community area, so these 2024 medians cover the whole Near North Side: $323,000 for a condo and $1.199 million for a single-family home (Cook County Assessor, 2024 Chicago report). Condo buyers should budget for monthly association fees, which can be large in full-service towers. Citywide, the median Chicago homeowner bill for tax year 2025, mailed in August 2026, was $4,597, up 3.2% (Cook County Treasurer). Businesses along Michigan Avenue are in SSA 76 (City of Chicago SSA list). For how bills are set and how to appeal, see our property tax guide, and to weigh owning against renting, our rent vs. buy calculator.
Streeterville cost of living: a sample monthly budget
| Setup | Rent | CTA pass | Income needed at 30% rent |
|---|---|---|---|
| Your own one-bedroom | $2,917 | $75 | $116,680 |
| Half of a two-bedroom | $2,321 | $75 | $92,840 |
| Your own two-bedroom | $4,642 | $75 | $185,680 |
Source: our calculation from the RentCafe figures above (half of $4,642, rounded). Income needed is monthly rent times 12, divided by 0.30. For a fuller answer that includes taxes and the rest of your budget, try our Chicago salary calculator, and see Chicago move-in costs for what you’ll pay up front.
Compare every neighborhood side by side in our Chicago neighborhood cost comparison, or work out your own number with our salary calculator. More Downtown neighborhood profiles: Fulton Market, Gold Coast, Lakeshore East, Old Town, Printer’s Row, River North, South Loop and West Loop.
Costs that apply in every neighborhood: property tax bills, closing costs and condo fees, water, sewer and garbage fees, ComEd and Peoples Gas, CTA fares, parking, average salaries by job and our Chicago cost index.
Sources
- RentCafe: Streeterville rent
- RentHop: Streeterville rent
- City of Chicago: L stops
- CTA fares
- CTA: #157
- Metra: Millennium Station
- Whole Foods: Streeterville
- Trader Joe’s: River North
- Jewel-Osco: Ohio and State
- Chicago Park District: Ohio Street Beach
- Chicago Park District: Lake Shore Park
- REBusiness: 400 Lake Shore Drive
- City of Chicago: SSA list
- City of Chicago: list of L stops
- CTA fares
- City Clerk: City Sticker prices
- City Clerk: residential zone parking
- Cook County Assessor: 2024 Chicago report
- Cook County Treasurer: tax year 2025 analysis