Comptroveby RentSpire

Chicago Apartment

505 N State St, Chicago, IL, 60654

unknown not observed units (unit count basis: listing-reported) Hazard/risk read: not observed

Asking & effective rent by bedroom

Average asking rent across observed units: $3,588. Average effective rent: $3,588.

TypeAsking rentEffective rentAvg sqftObservations
1 bedroom$2,910$2,9107329
2 bedroom$4,126$4,1261,1845
3 bedroom$6,999$6,9992,2671

HUD Fair Market Rent gap

HUD area: Chicago-Joliet-Naperville, IL HUD Metro FMR Area.

FMR comparison not observed for this property.

Amenities

No amenities observed for this property.

Operator

not observed

Nearby comparable properties

Comparable apartments with rent data within 3 miles, ranked by the same similarity model used in the product.

No nearby comparables with rent data were found within 3 miles.

Sources & provenance

Sourced from https://stateandgrandapts.com/floorplans/ — 11 observation(s), last observed Aug 14, 2026.

Sourced from https://stateandgrandapts.com/floor-plans.aspx — 7 observation(s), last observed Aug 7, 2026.

Data age: 5 days. Last observed: Aug 14, 2026.

Market intelligence and decision support only. Not an appraisal, and not a recommendation to set any particular rent. Income-restricted product is never presented as a market-rate comparable — program type above reflects the governed affordability classification, not free-text asset labels.

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