540 N Lake Shore Dr

📍 540 North Lake Shore Drive, Chicago, IL 60611

📋 Property Overview

Set in Downtown Chicago, Chicago, Illinois, this home has 2 bd / 1 ba. Interior space is 1200 sq ft. Monthly rent is $4,950. The unit features dishwasher, air conditioning, in unit laundry and stainless steel. On site there is media room, pool, pet friendly and key fob access. Pets are allowed (cats and dogs). Parking is available: garage. Leases run 12 months. Availability: Available Sep 1, 2026. The Walk Score here is 93, meaning most errands can be done on foot. Transit Score is 88. Rent is well above the area median of $2,300.

🚶 Getting Around

• Walk Score93/100

  Walker's Paradise

• Transit Score88/100

  Excellent Transit

💵 Costs & Lease

Lease length

12 months

Units available

1 unit

Amounts are as published by the source and may change. Confirm before applying.

📐 Floor Plan Details

• 1 Bed, 1.0 Bath1 bd · 1 ba · 941 sq ftNone available right now
• 1.0 BathStudio · 1 ba · 500 sq ftNone available right now
• 1 Bed, 2.0 Bath1 bd · 2 ba · 1,302 sq ftNone available right now
• 2 Bed, 2.0 Bath2 bd · 2 ba · 1,200 sq ft$4,9501 unit available
• 2BR/1BA2 bd · 1 ba · 1,052 sq ftNone available right now
• 2 Bed, 1.0 Bath2 bd · 1 ba · 1,052 sq ftNone available right now

🧾 Move-in Costs & Lease

Lease length

12 months

Available

Available Sep 1, 2026

Application fee

$60 per applicant, paid to RivoRent

Property amounts are as published by the source and may change. Confirm before applying. The application fee is RivoRent's own and is the same on every listing.

🛡️ Renters Insurance — Estimated Cost

Based on what Illinois renters actually paid: NAIC industry data for 2023 (average HO-4 premium, 686,697 policy-years), adjusted to July 2026 with the U.S. Bureau of Labor Statistics tenants' insurance index. It is a market average, not a price for this building and not a price for you.

Your own price depends most on your credit-based insurance score, your claims history and which carrier you choose. In published Ohio figures the same coverage ranges from $127 a year at excellent credit to $933 at poor credit. We do not ask for any of that, so we cannot narrow this for you.

✅ Who Qualifies

Must have 3x the rent in total household income (before taxes)

🐾 Pets

Pets

Allowed

Types

Cats, Dogs

✨ Features & Details

• Pet Friendly
• In unit laundry
• Patio / balcony
• Dishwasher
• Garage
• Stainless steel
• Air conditioning
• Microwave
• Cats allowed
• Dogs allowed
• 24hr concierge
• Fire pit
• Gym
• Parking
• Pool
• Key fob access
• Lobby
• Media room
• Valet service
• 1200 sq ft

📊 Property Facts

Walk Score

93 · Walker's Paradise

Transit Score

88 · Excellent Transit

🚗 Parking

• Garage

🎓 Nearby Schools

• Ogden Elementary School · PK-84/10 · 0.9 mi
• Noble Academy · 97/10 · 0.9 mi
• Muchin College Prep · 9-128/10 · 1.0 mi
• Salazar Elementary Bilingual Center · PK-84/10 · 1.1 mi
• Payton College Preparatory High School · 9-1210/10 · 1.2 mi
• Franklin Elementary Fine Arts Center · K-85/10 · 1.4 mi
• Jones College Prep High School · 9-1210/10 · 1.5 mi
• Manierre Elementary School · PK-82/10 · 1.7 mi
• Skinner North Elementary School · K-86/10 · 1.8 mi
• CICS ChicagoQuest · 9-123/10 · 1.9 mi

🏡 Floor Plans