Quick answer
One-bedrooms start at $2,441 at 1001 South State and $2,167 at Park Michigan — Park Michigan is the cheaper entry point. Studios start at $2,092 at 1001 South State and $1,795 at Park Michigan. 1001 South State lists 23 homes (20 available now); Park Michigan lists 20 (13 available now). 1001 South State’s required utility billing bundle runs $80–$135/mo by home size. Park Michigan charges a $50 application fee, with initial-term pet fees of $400 per dog and $200 per cat.
How we get these numbers
Gathered: every figure on this page comes from IQ Realtors's own rental database of real, currently listed homes in professionally managed Chicago buildings — the same verified data behind our search.
Verified: rents, availability and move-in specials are checked against each building's official leasing sources. Fees are published only where a verified fee sheet is on file — and where one is not, the page says so instead of guessing.
Fresh: this page was generated November 13, 2026 from that data, and pages are rebuilt as the underlying rents and specials change — the generation date is the freshness stamp.
1001 South State and Park Michigan are both professionally managed buildings in South Loop — two towers a renter here is most likely to cross-shop. This is the side-by-side, from IQ Realtors's verified rental data.
How do rents compare at 1001 South State and Park Michigan?
| Building | Homes listed | Available now | From | Rent range | Average rent | Sq ft range |
|---|---|---|---|---|---|---|
| Studios | ||||||
| 1001 South State | 6 | 5 | $2,092 | $2,092–$2,460 | $2,266 | 581–646 |
| Park Michigan | 10 | 6 | $1,795 | $1,795–$2,079 | $1,923 | 555–575 |
| Convertibles | ||||||
| 1001 South State | No convertible homes with published rents in the current feed. | |||||
| Park Michigan | 1 | 1 | $2,108 | $2,108 | $2,108 | 570 |
| One-bedrooms | ||||||
| 1001 South State | 14 | 12 | $2,441 | $2,441–$2,968 | $2,713 | 730–912 |
| Park Michigan | 5 | 3 | $2,167 | $2,167–$2,338 | $2,218 | 620–704 |
| Two-bedrooms | ||||||
| 1001 South State | 3 | 3 | $3,930 | $3,930–$4,484 | $4,164 | 1,138 |
| Park Michigan | 4 | 3 | $2,807 | $2,807–$3,281 | $3,020 | 968 |
The buildings side by side
| 1001 South State | Park Michigan | |
|---|---|---|
| Address | 1001 S State St, Chicago | 1212 S Michigan Ave, Chicago |
| Neighborhood | South Loop | South Loop |
| Homes listed | 23 | 20 |
| Available now | 20 | 13 |
| Current special | — | $1,500 incentive on vacant units — lease starts on or before Dec 31 |
| Fees & utilities | Required utility billing bundle $80–$135/mo by home size, with electric billed separately on usage through a third party. Parking: garage $290–$350/mo. Pet fees: $300–$500 one-time per pet + $10–$20/mo pet rent. Storage $25–$50/mo. Guest suite $150/night. Application fee $75 per applicant. Administrative fee $450 per unit. (Per the building’s fee guide on file, issued May 2025.) | Application fee $50. Pet fees for the initial lease term: dogs $400 · cats $200 (renewal terms: dogs $200 · cats $100), pet limit 2. The platform notes the fees are estimates and actual amounts may vary. (Per the building’s RentCafe listing, checked November 2026.) |
| Parking (building summary) | Garage parking $290–$350/mo (per fee guide on file) | 🅿️ Garage–covered · fee not published |
| Pets | Max 2; monthly pet rent (cats $10/mo); breed restrictions; fees in Fee Guide (Oct 2026) | Max 2 pets, weight/breed rules, $400 dog / $200 cat fees (Oct 2026) |
| Laundry | In-unit | Shared |
| Transit | 🚇 Roosevelt (Red) · 4 min · 🚌 146, 62 | 🚇 Roosevelt (Red) · 3 min · 🚌 4, 3 |
| Walk / Transit / Bike Score | 98 / 100 / 92 | 95 / 100 / 93 |
| Year built | 2016 | 1981 |
| Amenity highlights | Outdoor pool · Fitness center · Rooftop deck · Dog run · Floor-to-ceiling windows · In-unit washer/dryer | Outdoor pool · Fitness center · Rooftop deck · Floor-to-ceiling windows |
See each building in full: 1001 South State on IQ Realtors · Park Michigan on IQ Realtors
Frequently asked questions
Which is cheaper for a one-bedroom, 1001 South State or Park Michigan?
One-bedrooms start at $2,441 at 1001 South State (14 homes, averaging $2,713) and $2,167 at Park Michigan (5 homes, averaging $2,218), so Park Michigan has the lower entry price.
Which is cheaper for a two-bedroom, 1001 South State or Park Michigan?
Two-bedrooms start at $3,930 at 1001 South State and $2,807 at Park Michigan; Park Michigan starts lower. Averages: $4,164 at 1001 South State, $3,020 at Park Michigan.
How many homes are available now at 1001 South State and Park Michigan?
1001 South State has 20 of its 23 listed homes available now; Park Michigan has 13 of 20. Dated availability for the rest is shown on IQ Realtors.
What specials are 1001 South State and Park Michigan running?
1001 South State: no special on file. Park Michigan: $1,500 incentive on vacant units — lease starts on or before Dec 31. Specials are as listed on IQ Realtors and change often.
What are the fees at 1001 South State and Park Michigan?
1001 South State: Required utility billing bundle $80–$135/mo by home size, with electric billed separately on usage through a third party. Parking: garage $290–$350/mo. Pet fees: $300–$500 one-time per pet + $10–$20/mo pet rent. Storage $25–$50/mo. Guest suite $150/night. Application fee $75 per applicant. Administrative fee $450 per unit. (Per the building’s fee guide on file, issued May 2025.) Park Michigan: Application fee $50. Pet fees for the initial lease term: dogs $400 · cats $200 (renewal terms: dogs $200 · cats $100), pet limit 2. The platform notes the fees are estimates and actual amounts may vary. (Per the building’s RentCafe listing, checked November 2026.)
Where are 1001 South State and Park Michigan located?
Both buildings are in South Loop, Chicago: 1001 South State at 1001 S State St and Park Michigan at 1212 S Michigan Ave.
Tour either building with one broker — see live availability and photos for 1001 South State and Park Michigan.
Search all homes on IQ Realtors → More answersFigures on this page come from IQ Realtors's verified rental data, checked against buildings' official leasing sources. Page generated November 13, 2026. Rents, specials and availability change — confirm current pricing on IQ Realtors before you apply.