Quick answer
One-bedrooms start at $2,167 at Park Michigan and $2,025 at Aspire Residences — Aspire Residences is the cheaper entry point. Park Michigan lists 20 homes (13 available now); Aspire Residences lists 7 (7 available now). Park Michigan charges a $50 application fee, with initial-term pet fees of $400 per dog and $200 per cat. Aspire Residences bills utilities separately — there is no flat utility package.
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.
Park Michigan and Aspire Residences 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 Park Michigan and Aspire Residences?
| Building | Homes listed | Available now | From | Rent range | Average rent | Sq ft range |
|---|---|---|---|---|---|---|
| Studios | ||||||
| Park Michigan | 10 | 6 | $1,795 | $1,795–$2,079 | $1,923 | 555–575 |
| Aspire Residences | No studio homes with published rents in the current feed. | |||||
| Convertibles | ||||||
| Park Michigan | 1 | 1 | $2,108 | $2,108 | $2,108 | 570 |
| Aspire Residences | No convertible homes with published rents in the current feed. | |||||
| One-bedrooms | ||||||
| Park Michigan | 5 | 3 | $2,167 | $2,167–$2,338 | $2,218 | 620–704 |
| Aspire Residences | 6 | 6 | $2,025 | $2,025–$2,575 | $2,314 | 556–776 |
| Two-bedrooms | ||||||
| Park Michigan | 4 | 3 | $2,807 | $2,807–$3,281 | $3,020 | 968 |
| Aspire Residences | 1 | 1 | $3,495 | $3,495 | $3,495 | 1,070 |
The buildings side by side
| Park Michigan | Aspire Residences | |
|---|---|---|
| Address | 1212 S Michigan Ave, Chicago | 2111 S Wabash Ave, Chicago |
| Neighborhood | South Loop | South Loop |
| Homes listed | 20 | 7 |
| Available now | 13 | 7 |
| Current special | $1,500 incentive on vacant units — lease starts on or before Dec 31 | — |
| Fees & utilities | 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.) | All utilities are separate — heat, hot water, trash, water and sewer are billed monthly to the resident’s account by the property (no flat package), and electric, cable and internet are set up with the resident’s own providers. Parking: reserved garage $285–$325/mo. Pet fees (one-time, non-refundable): dogs $400 · cats $300, max 2 pets. Application fee $50 per person. Administration fee $400 one-time (not collected if the application is denied). (Per the building’s fee schedule on file, 2020.) |
| Parking (building summary) | 🅿️ Garage–covered · fee not published | Reserved garage parking $285–$325/mo (per fee schedule on file) |
| Pets | Max 2 pets, weight/breed rules, $400 dog / $200 cat fees (Oct 2026) | Dogs & cats OK; 2 max; no aggressive breeds; $350 one-time fee + $35/mo pet rent |
| Laundry | Shared | In-unit |
| Transit | 🚇 Roosevelt (Red) · 3 min · 🚌 4, 3 | — |
| Walk / Transit / Bike Score | 95 / 100 / 93 | 96 / 84 / 86 |
| Year built | 1981 | 2020 |
| Amenity highlights | Outdoor pool · Fitness center · Rooftop deck · Floor-to-ceiling windows | Outdoor pool · Fitness center · Rooftop deck · Doorman · Dog run · Floor-to-ceiling windows · In-unit washer/dryer |
See each building in full: Park Michigan on IQ Realtors · Aspire Residences on IQ Realtors
Frequently asked questions
Which is cheaper for a one-bedroom, Park Michigan or Aspire Residences?
One-bedrooms start at $2,167 at Park Michigan (5 homes, averaging $2,218) and $2,025 at Aspire Residences (6 homes, averaging $2,314), so Aspire Residences has the lower entry price.
Which is cheaper for a two-bedroom, Park Michigan or Aspire Residences?
Two-bedrooms start at $2,807 at Park Michigan and $3,495 at Aspire Residences; Park Michigan starts lower. Averages: $3,020 at Park Michigan, $3,495 at Aspire Residences.
How many homes are available now at Park Michigan and Aspire Residences?
Park Michigan has 13 of its 20 listed homes available now; Aspire Residences has 7 of 7. Dated availability for the rest is shown on IQ Realtors.
What specials are Park Michigan and Aspire Residences running?
Park Michigan: $1,500 incentive on vacant units — lease starts on or before Dec 31. Aspire Residences: no special on file. Specials are as listed on IQ Realtors and change often.
What are the fees at Park Michigan and Aspire Residences?
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.) Aspire Residences: All utilities are separate — heat, hot water, trash, water and sewer are billed monthly to the resident’s account by the property (no flat package), and electric, cable and internet are set up with the resident’s own providers. Parking: reserved garage $285–$325/mo. Pet fees (one-time, non-refundable): dogs $400 · cats $300, max 2 pets. Application fee $50 per person. Administration fee $400 one-time (not collected if the application is denied). (Per the building’s fee schedule on file, 2020.)
Where are Park Michigan and Aspire Residences located?
Both buildings are in South Loop, Chicago: Park Michigan at 1212 S Michigan Ave and Aspire Residences at 2111 S Wabash Ave.
Tour either building with one broker — see live availability and photos for Park Michigan and Aspire Residences.
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.