Quick answer
One-bedrooms start at $2,167 at Park Michigan and $2,235 at Regal — Park Michigan is the cheaper entry point. Park Michigan lists 20 homes (13 available now); Regal lists 8 (8 available now). Park Michigan charges a $50 application fee, with initial-term pet fees of $400 per dog and $200 per cat. Regal charges no security deposit, with pet fees of $250 one-time plus $30/mo per pet.
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 Regal 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 Regal?
| 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 |
| Regal | No studio homes with published rents in the current feed. | |||||
| Convertibles | ||||||
| Park Michigan | 1 | 1 | $2,108 | $2,108 | $2,108 | 570 |
| Regal | 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 |
| Regal | 7 | 7 | $2,235 | $2,235–$2,338 | $2,259 | 665–900 |
| Two-bedrooms | ||||||
| Park Michigan | 4 | 3 | $2,807 | $2,807–$3,281 | $3,020 | 968 |
| Regal | 1 | 1 | $2,654 | $2,654 | $2,654 | 1,080 |
The buildings side by side
| Park Michigan | Regal | |
|---|---|---|
| Address | 1212 S Michigan Ave, Chicago | 651 S Wells St, Chicago |
| Neighborhood | South Loop | South Loop |
| Homes listed | 20 | 8 |
| Available now | 13 | 8 |
| 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.) | No security deposit. Pet fees: $250 one-time + $30/mo pet rent per pet, up to 2 pets per home; breed and weight restrictions apply. Only these figures are published on the management company’s official building page — ask leasing for the full current fee sheet for the rest. (Per TLC Management’s official building page, checked November 2026.) |
| Parking (building summary) | 🅿️ Garage–covered · fee not published | — |
| Pets | Max 2 pets, weight/breed rules, $400 dog / $200 cat fees (Oct 2026) | Max 2 pets, breed/weight rules, $250 fee + $30/mo (Oct 2026) |
| Laundry | Shared | In-unit |
| Transit | 🚇 Roosevelt (Red) · 3 min · 🚌 4, 3 | 🚇 LaSalle (Blue) · 4 min · 🚌 36, 22 |
| Walk / Transit / Bike Score | 95 / 100 / 93 | 98 / 100 / 87 |
| Year built | 1981 | — |
| Amenity highlights | Outdoor pool · Fitness center · Rooftop deck · Floor-to-ceiling windows | — |
See each building in full: Park Michigan on IQ Realtors · Regal on IQ Realtors
Frequently asked questions
Which is cheaper for a one-bedroom, Park Michigan or Regal?
One-bedrooms start at $2,167 at Park Michigan (5 homes, averaging $2,218) and $2,235 at Regal (7 homes, averaging $2,259), so Park Michigan has the lower entry price.
Which is cheaper for a two-bedroom, Park Michigan or Regal?
Two-bedrooms start at $2,807 at Park Michigan and $2,654 at Regal; Regal starts lower. Averages: $3,020 at Park Michigan, $2,654 at Regal.
How many homes are available now at Park Michigan and Regal?
Park Michigan has 13 of its 20 listed homes available now; Regal has 8 of 8. Dated availability for the rest is shown on IQ Realtors.
What specials are Park Michigan and Regal running?
Park Michigan: $1,500 incentive on vacant units — lease starts on or before Dec 31. Regal: no special on file. Specials are as listed on IQ Realtors and change often.
What are the fees at Park Michigan and Regal?
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.) Regal: No security deposit. Pet fees: $250 one-time + $30/mo pet rent per pet, up to 2 pets per home; breed and weight restrictions apply. Only these figures are published on the management company’s official building page — ask leasing for the full current fee sheet for the rest. (Per TLC Management’s official building page, checked November 2026.)
Where are Park Michigan and Regal located?
Both buildings are in South Loop, Chicago: Park Michigan at 1212 S Michigan Ave and Regal at 651 S Wells St.
Tour either building with one broker — see live availability and photos for Park Michigan and Regal.
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.