1400 S Wabash Ave, Chicago, IL 60605
Downtown Chicago
Monthly Cost Breakdown at 1400 Wabash Apartments
The listed rent isn't the whole number. Here's what 1400 Wabash Apartments actually costs each month once you add required fees and insurance.
Renters Insurance at 1400 Wabash Apartments
1400 Wabash Apartments's website asks for at least $100,000 in liability coverage, and you'll need to add the property as an interested party on your policy. any licensed carrier that meets these minimums will be accepted.
Lease Requirements
* An "interested party" is the property management company listed on your insurance policy. It doesn't give them any claim rights — it just means they get notified if your policy lapses, which is how the leasing office verifies you stay insured.
One thing to watch for: when you purchase your policy, most carriers have a field where you add the property as an interested party — skip that step and your proof may get rejected. It takes 30 seconds during checkout. Start a quote to see which carriers handle this automatically.
What Affects Your Premium Here
Every building is different. These factors specific to 1400 Wabash Apartments can push your insurance cost up or down:
Controlled Access
Electronic/key fob entry — reduces unauthorized entry risk
Dog-Friendly
Dogs allowed — consider higher liability coverage
FEMA Flood Zone
Zone X — minimal flood risk
FBI UCR
Property crime rate: 3028/100K (92% above national average)
What You'll Likely Pay
$14
Est. Monthly
$173
Est. Annual
$15
State Avg/mo
How Much Coverage Makes Sense
Renters insurance has two main pieces: personal property coverage, which pays to replace your belongings if they're stolen or damaged (think furniture, electronics, clothes), and liability coverage, which protects you if someone gets hurt in your unit or you accidentally damage someone else's property. Here's what we'd recommend for 1400 Wabash Apartments based on the rent level and building features.
Personal Property
What your stuff is worth
If you own less
$25,000
If you own more
$60,000
Liability
Covers accidental harm & lawsuits
Lease minimum
What this community requires
We recommend
Minimum rarely covers an actual lawsuit
Dog-friendly community — higher liability recommended for pet-related incidents
How Carriers Compare for This Area
Not all carriers price the same zip code equally. Here's how the major options stack up near 1400 Wabash Apartments:
| Carrier | Monthly | Annual |
|---|---|---|
| Lemonade | $9/mo | $113/yr |
| USAA | $11/mo | $127/yr |
| State Farm | $14/mo | $170/yr |
| Progressive | $15/mo | $184/yr |
| Safeco | $15/mo | $184/yr |
| Travelers | $17/mo | $198/yr |
| Allstate | $18/mo | $212/yr |
| Nationwide | $18/mo | $212/yr |
| Farmers | $19/mo | $226/yr |
| Liberty Mutual | $21/mo | $255/yr |
Discounts You May Qualify For
Next Step
See if you can beat $14/mo
5 discounts may apply here. Real quotes show your actual price — estimates can't.
Property Crime & Theft Risk
Renters insurance pricing is driven by property crime — theft, burglary, and vehicle break-ins — not violent crime. Here's what the FBI's Uniform Crime Reporting data shows for Chicago.
Chicago property crime rate
per 100K residents
U.S. avg is 1,578 per 100K
Breakdown per 100K residents
U.S. average
Higher-than-average property crime is why insurance carriers charge more in this zip code — your premium reflects the claims frequency for the area. 1400 Wabash Apartments also has on-site security features (Property manager on site, Concierge, Controlled access, Doorman, Covered parking) that insurers recognize with discounts.
Source: FBI UCR Program, Chicago (2024-12 to 2025-11)
What Residents Are Saying
Based on Google reviews, here are the issues residents mention most often — and the ones that matter when choosing your coverage. Longer bars indicate more frequent discussion.
On-Site Security
Flood Risk
Standard renters insurance does not cover flood damage. FEMA maps every property into a flood zone — here's what that means for 1400 Wabash Apartments.
FEMA Zone X (Area Of Minimal Flood Hazard) — Minimal flood risk
Flood insurance optional but inexpensive in this zone.
Flood zone data from FEMA National Flood Hazard Layer (NFHL). Zones can change — verify at FEMA Flood Map Service.
Fees Beyond Rent
These are the additional charges beyond base rent at 1400 Wabash Apartments. Some are monthly, some are one-time — all of them affect your actual cost of living here.
Required Fees
Utility Billing Bundle
Amount for multiple utility services provided in rental homeCharged per unit type.
Utility - Electric - Third Party
Usage-Based (Utilities).Amount for provision and consumptionof electric paid to a third party. Charged per unit. Payable to 3rd Party
Renters Liability Insurance - Third Party
Amount for renters liability insurance obtained through resident's provider of choice. Charged per leaseholder. Payable to 3rd Party
Administrative Fee
Amount to facilitate move-in process for a resident. Chargedper unit.
Application Fee
Amount to process application, initiate screening, and take a rental home off the market. Charged per applicant.
Pets Fees
Pet Fee
We welcome two pets per apartments home. There is a non-refundable pet fee of $450 per pet and pet rent of $30/pet per month. Breed restrictions apply. Please call us for our complete pet policy.
Pet Rent
Max of 2. Monthly amount for authorized pet. Charged per pet
Parking Fees
Parking Fee
Max of 1. Amount for garage parking space/services. May be subject to availability. Charged per rentable item.
Addons Fees
Common Area/Clubhouse Rental
Amount to rent a shared common area space, including clubhouse. May be subject to availability. Charged per unit.
Cable TV Services
Amount for cable services in rental home. Charged per unit. Payable to 3rd Party
Situational Fees
Renters Liability Only - Non-Compliance
Amount for not maintaining required Renters Liability PolicyCharged per unit.
Access Device - Replacement
Amount to obtain a replacement access device for community; fobs, keys, remotes, access passes. Charged per device.
Returned Payment Fee (NSF)
Amount for returned payment. Charged per unit.
Utility - Vacant Processing Fee
Amount for failing to transfer utilities into resident name.Charged per unit.
Lease Buy Out
Amount agreed upon by resident to terminate lease early and satisfy lease terms; additional conditions apply. Charged per unit.
Insufficient Move-Out Notice Fee
Amount for not providing notice to move-out as required by lease. Charged per unit.
Late Fee
Amount for paying after rent due date; per terms of lease. Charged per unit.
Lease Violation
Amount for violation of community policies and/or per lease terms. Charged per unit.
Utility - Vacant Cost Recovery
Usage-Based (Utilities).Amount for utility usage not transferred to resident responsibility any time during occupancy. Charged per unit.
Security Deposit Alternative
Amount for alternate program in lieu of paying a traditionalsecurity deposit. Charged per unit. Payable to 3rd Party
Amenities
Special Features
Community Features
Floor Plan Amenities
Pet Policy
Bringing a pet? Here's what 1400 Wabash Apartments allows — and keep in mind, if you have a dog, most insurance advisors recommend bumping your liability coverage to at least $300,000. Standard renters policies cover pet-related incidents, but the default $100,000 limit may not be enough if something happens.
About 1400 Wabash Apartments
From the property listing:
Located in Chicago’s South Loop, 1400 S Wabash is designed with over a decade of experience developing thoughtful buildings and caring communities. We’ve taken everything we’ve learned from our portfolio of properties to create the perfect urban sanctuary.
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Frequently Asked Questions
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Disclaimer
The information on this page — including rent prices, fees, floor plans, amenities, insurance requirements, and safety data — is collected from publicly available sources and may not reflect the most current details. Apartment communities may update their offerings, policies, and pricing at any time. Always confirm details directly with the leasing office or the community's official website before making any decisions.
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