1401 S. State Apartments: Renters Insurance Guide & What It Actually Costs

Last updated Apr 16, 2026

Thinking about renting at 1401 S. State Apartments in Downtown Chicago? Rent here runs $2,318 – $3,276, and renters insurance adds about $16/mo. Below we break down which carriers are cheapest for this building and what the lease actually requires.

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1401 S State St, Chicago, IL 60605

Downtown Chicago

Built 2008 22 stories 278 units
3.9/5 ·145 reviews Google
5/5 ·92 reviews Apt. Finder
$2,318 – $3,276 /month

Renters Insurance at 1401 S. State Apartments

We found a few insurance details on 1401 S. State Apartments's website. Your lease may have additional requirements — treat these as a starting point.

Lease Requirements

Interested party* Add property to policy
See how your options compare. Get a quote

* 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 1401 S. State Apartments can push your insurance cost up or down:

Controlled Access

Electronic/key fob entry — reduces unauthorized entry risk

FEMA Flood Zone

Zone X — minimal flood risk

FBI UCR

Property crime rate: 3028/100K (92% above national average)

What You'll Likely Pay

$16

Est. Monthly

$188

Est. Annual

$15

With Discounts/mo

$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 1401 S. State Apartments based on the rent level and building features.

Personal Property

What your stuff is worth

$40,000 recommended

If you own less

$25,000

If you own more

$60,000

Liability

Covers accidental harm & lawsuits

$100,000 recommended

Standard minimum for most lease requirements in Illinois. Cats present minimal liability risk vs dogs.

How Carriers Compare for This Area

Not all carriers price the same zip code equally. Here's how the major options stack up near 1401 S. State 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

Controlled access
-3%
Claims-free (if applicable)
-10%
Pay-in-full annual
-7%
Paperless/autopay
-3%
Multi-policy bundle
-10%

Next Step

See if you can beat $15/mo

5 discounts may apply here. Real quotes show your actual price — estimates can't.

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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

3,028

per 100K residents

92% above U.S. avg

U.S. avg is 1,578 per 100K

Breakdown per 100K residents

Burglary
237 / 200
Larceny / theft
2,111 / 1,172
Vehicle theft
680 / 206

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. 1401 S. State Apartments also has on-site security features (Controlled access, Concierge, Doorman, Perimeter fencing) 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.

Water Damage Mentioned
Water Intrusion (pipes, sewage) Mentioned

On-Site Security

Controlled access Concierge Doorman Perimeter fencing

Flood Risk

Standard renters insurance does not cover flood damage. FEMA maps every property into a flood zone — here's what that means for 1401 S. State 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 1401 S. State Apartments. Some are monthly, some are one-time — all of them affect your actual cost of living here.

Required Fees

Utility - Billing Administrative Fee

Charged per unit.

$5.78 / mo

Renters Liability Insurance - Third Party

Amount for renters liability insurance obtained through resident's provider of choice. Charged per leaseholder. Payable to 3rd Party

Varies / mo

Trash Services - Hauling

Amount for shared trash/waste services. Charged per unit.

Varies / mo

Utility - Electric - Third Party

Amount for provision and consumption of electric paid to a third party. Charged per unit.

Varies / mo

Utility - Gas

Amount for provision and consumption of natural gas. Chargedper unit.

Varies / mo

Utility - Water/Sewer

Amount for provision and/or consumption of water and sewer services Charged per unit.

Varies / mo

Application Fees

Charged per applicant.

$35

Utility - Final Bill Fee

Charged per unit.

$17

Utility - New Account Fee

Charged per unit.

$17

Lease Cancellation / Termination

Charged per unit.

Pets Fees

Non-Refundable Pet Fees

Charged per pet.

$250

Pet Rent

Monthly amount for authorized pet. Charged per pet.

$25 / mo

Parking Fees

Garage

Charged per vehicle.

$300 / mo

Addons Fees

Renters Liability/Content - Property Program

Amount to participate in the property Renters Liability Program. Charged per unit.

$13 / mo

Cable TV and Internet Services

Amount for cable and internet services in rental home. Charged per unit.

Varies / mo

Situational Fees

NSF Fees

Charged per unit.

$25

Transfer Fees

Charged per unit.

$500

Amenities

Special Features

Built-in microwave Roller shade window treatments Smoke free community Two-toned cabinetry* Close proximity to Michigan Ave/Museum Campus Large Basin Kitchen Sinks Floor to ceiling windows Large bathrooms Outdoor terrace with seating, grills, fireplace, and TV’s Spectacular panoramic views Chicago and scenic Lake Michigan from inside your cozy apartment. Trendy interior finishes Powered by Alfred resident tech platform Wood Style Flooring In Home Washer/Dryer Large basin sinks* Friendly 24-hour door staff Panoramic And Scenic Lake Views* Stainless Appliance Package Free Wi-Fi available in common areas Large Closets and Bathrooms Locker storage Private Terraces & Balconies* Stainless Steel Appliance Package

Community Features

Laundry Facilities 24 Hour Access Furnished Units Available Dry Cleaning Service Pet Play Area Pet Washing Station Public Transportation Wheelchair Accessible Elevator Lounge Disposal Chutes Conference Rooms Corporate Suites Fenced Lot Roof Terrace Grill Picnic Area Fitness Center Bicycle Storage

Floor Plan Amenities

High Speed Internet Access Wi-Fi Washer/Dryer Air Conditioning Heating Cable Ready Fireplace Wheelchair Accessible (Rooms) Dishwasher Disposal Ice Maker Granite Countertops Stainless Steel Appliances Eat-in Kitchen Kitchen Microwave Oven Range Refrigerator Hardwood Floors Office Walk-In Closets Loft Layout Window Coverings Floor to Ceiling Windows Balcony Patio Garden

Pet Policy

Bringing a pet? Here's what 1401 S. State Apartments allows. Standard renters insurance typically covers pet-related incidents, so you usually won't need any add-on coverage for a cat.

Cats Allowed
$25 Monthly Pet Rent
$250 – $500 Fee
2 Pet Limit

Fees may vary by pet type or count — confirm with the leasing office.

About 1401 S. State Apartments

Year Built: 2008
Stories: 22 stories
Units: 278
Phone: (708) 665-2645

From the property listing:

At 1401 S. State, our apartments strike the perfect balance between stunning and functional. Enjoy spectacular views in every direction and quickly gain an entirely new perspective on the best of Chicago living. Call today for more information!

Other Options Nearby

Still weighing your choices? These communities are in the same part of Chicago — compare rent and estimated insurance cost side by side.

Frequently Asked Questions

Does 1401 S. State Apartments require renters insurance?
We found specific coverage details on 1401 S. State Apartments's website — these likely reflect lease requirements, but confirm with the leasing office. Even if it's not required, a policy typically runs under $20/month and covers you against theft, fire, and liability.
How much is renters insurance at 1401 S. State Apartments?
For this zip code and building type, expect to pay around $16/month ($188/year). 1401 S. State Apartments has security features that qualify for discounts — with those applied, you could pay as little as $15/month. For context, the statewide average is $15/month, so this building is right around average.
Does 1401 S. State Apartments allow pets?
Yes, 1401 S. State Apartments is pet-friendly. Here are the details: Cats Allowed. $25 Monthly Pet Rent. $250 Fee. 2 Pet Limit. $500 Fee. Standard renters insurance covers pet-related liability at no extra cost.
How safe is the area around 1401 S. State Apartments?
Property crime in Chicago runs noticeably higher than the national average — 3,028 incidents per 100,000 residents versus the U.S. average of 1,578. That's the metric insurance carriers care about most for renters coverage, since property crime (theft, burglary, vehicle break-ins) drives most claims. Burglary specifically is 237/100K here. On the property itself, you'll find controlled access, concierge, doorman, perimeter fencing — features that can qualify for premium discounts.
What floor plans does 1401 S. State Apartments offer?
There are 72 floor plans to choose from, spanning 1-bedroom, 2-bedroom, studio layouts. Rent ranges from $2,318 – $3,276. Your unit size can affect your insurance cost too — a larger unit typically means more belongings to cover.

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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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