Quick answer
One-bedrooms start at $3,630 at Atwater and $3,495 at 500 Lake Shore Drive — 500 Lake Shore Drive is the cheaper entry point. Studios start at $2,307 at Atwater and $2,495 at 500 Lake Shore Drive. Atwater lists 25 homes (22 available now); 500 Lake Shore Drive lists 8 (7 available now). Atwater’s required utility bundle runs $105–$235/mo. 500 Lake Shore Drive charges a $50 application fee and a $500 administrative fee.
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.
Atwater and 500 Lake Shore Drive are both professionally managed buildings in Streeterville — 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 Atwater and 500 Lake Shore Drive?
| Building | Homes listed | Available now | From | Rent range | Average rent | Sq ft range |
|---|---|---|---|---|---|---|
| Studios | ||||||
| Atwater | 4 | 3 | $2,307 | $2,307–$2,820 | $2,631 | 576 |
| 500 Lake Shore Drive | 4 | 3 | $2,495 | $2,495–$3,125 | $2,903 | — |
| One-bedrooms | ||||||
| Atwater | 1 | 0 | $3,630 | $3,630 | $3,630 | 807 |
| 500 Lake Shore Drive | 2 | 2 | $3,495 | $3,495–$3,695 | $3,595 | — |
| Two-bedrooms | ||||||
| Atwater | 15 | 14 | $5,160 | $5,160–$6,800 | $6,276 | 1,304 |
| 500 Lake Shore Drive | 2 | 2 | $4,895 | $4,895–$5,300 | $5,098 | — |
| Three-bedrooms | ||||||
| Atwater | 5 | 5 | $7,320 | $7,320–$8,350 | $7,688 | — |
| 500 Lake Shore Drive | No three-bedroom homes with published rents in the current feed. | |||||
The buildings side by side
| Atwater | 500 Lake Shore Drive | |
|---|---|---|
| Address | 355 E Ohio St, Chicago | 500 N Lake Shore Dr, Chicago |
| Neighborhood | Streeterville | Streeterville |
| Homes listed | 25 | 8 |
| Available now | 22 | 7 |
| Current special | ½ mo free on vacant units · Look & Lease: $250 admin credit + $1,000 rent credit | — |
| Fees & utilities | Required utility bundle $105–$235/mo (already inside the building’s published total-monthly prices). Parking $285–$450/mo, optional. Pet fees: $250–$500 one-time + $25/mo pet rent. Storage $55–$110/mo. Application fees: $500 application-administration + $65 application. (Per the building’s official fee table.) | Application fee $50 per applicant. Administrative fee $500 per unit. Parking: assigned garage parking $290/mo. Only these figures are published on the building’s official Apartments.com profile — ask leasing for deposit and pet pricing. (Per the building’s official Apartments.com profile, November 2026.) |
| Parking (building summary) | Parking $285–$450/mo, optional (per the official fee table) | Assigned garage parking $290/mo (per the building’s official Apartments.com profile) |
| Pets | Dogs & cats OK, breed restrictions, fees apply (Oct 2026) | Pet-friendly; indoor dog amenity (Oct 2026) |
| Laundry | In-unit | In-unit |
| Transit | 🚇 Grand (Red) · 11 min · 🚌 66, 65 | 🚇 Grand (Red) · 15 min · 🚌 66, 65 |
| Walk / Transit / Bike Score | 96 / 100 / 83 | 93 / 88 / 80 |
| Year built | 2009 | 2013 |
| Amenity highlights | Outdoor pool | Outdoor pool · Fitness center · Rooftop deck · Doorman · Floor-to-ceiling windows |
See each building in full: Atwater on IQ Realtors · 500 Lake Shore Drive on IQ Realtors
Frequently asked questions
Which is cheaper for a one-bedroom, Atwater or 500 Lake Shore Drive?
One-bedrooms start at $3,630 at Atwater (1 homes, averaging $3,630) and $3,495 at 500 Lake Shore Drive (2 homes, averaging $3,595), so 500 Lake Shore Drive has the lower entry price.
Which is cheaper for a two-bedroom, Atwater or 500 Lake Shore Drive?
Two-bedrooms start at $5,160 at Atwater and $4,895 at 500 Lake Shore Drive; 500 Lake Shore Drive starts lower. Averages: $6,276 at Atwater, $5,098 at 500 Lake Shore Drive.
How many homes are available now at Atwater and 500 Lake Shore Drive?
Atwater has 22 of its 25 listed homes available now; 500 Lake Shore Drive has 7 of 8. Dated availability for the rest is shown on IQ Realtors.
What specials are Atwater and 500 Lake Shore Drive running?
Atwater: ½ mo free on vacant units · Look & Lease: $250 admin credit + $1,000 rent credit. 500 Lake Shore Drive: no special on file. Specials are as listed on IQ Realtors and change often.
What are the fees at Atwater and 500 Lake Shore Drive?
Atwater: Required utility bundle $105–$235/mo (already inside the building’s published total-monthly prices). Parking $285–$450/mo, optional. Pet fees: $250–$500 one-time + $25/mo pet rent. Storage $55–$110/mo. Application fees: $500 application-administration + $65 application. (Per the building’s official fee table.) 500 Lake Shore Drive: Application fee $50 per applicant. Administrative fee $500 per unit. Parking: assigned garage parking $290/mo. Only these figures are published on the building’s official Apartments.com profile — ask leasing for deposit and pet pricing. (Per the building’s official Apartments.com profile, November 2026.)
Where are Atwater and 500 Lake Shore Drive located?
Both buildings are in Streeterville, Chicago: Atwater at 355 E Ohio St and 500 Lake Shore Drive at 500 N Lake Shore Dr.
Tour either building with one broker — see live availability and photos for Atwater and 500 Lake Shore Drive.
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.