Related Midwest tests Chicago luxury rental market, asks up to $30K a month for select units at 400 Lake Shore Drive

  • 9/16/2026

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Related Midwest’s 400 Lake Shore Drive tower is offering luxury units starting at $20,000 per month, with one unit listed at $30,000 per month, and half of the six units already leased.
Leasing momentum is unusually strong months ahead of next May's move-in date, driven by empty nesters and second-home buyers seeking river views.
Although costly, these luxury apartment rents remain well below ultra-high-end single-family properties in the Chicago area, with one listing at $50,000 per month. 

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Michael Ellch | SVP, Related Midwest

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