Arc at Old Colony

407 S Dearborn St, Chicago, IL 60605

Leasing Office: 37 W Van Buren St, Chicago, IL 60605

Last Updated: 2 Wks Ago
(2)

Managed By

Arc at Old Colony
Monthly Rent
$849 - $2,149
View Fees and Policies
Bedrooms
Studio - 4
Bathrooms
1 - 2
Sq. Ft.
395 - 1,451 sq ft

Pricing and Floor Plans

S x 1

$1,899
Studio, 1 Bath
395 Sq. Ft.
Show Floor Plan Details
Rental Available

1 x 1

$2,149
1 Bed, 1 Bath
741 Sq. Ft.
Show Floor Plan Details
Rental Available

2 x 2

$899 - $1,629
2 Beds, 2 Baths
1,174 Sq. Ft.
Show Floor Plan Details
Rental Available

2 x 1

$1,439
2 Beds, 1 Bath
901 Sq. Ft.
Show Floor Plan Details
Rental Available

3 x 2

$849 - $1,399
3 Beds, 2 Baths
1,276 Sq. Ft.
Show Floor Plan Details
Rental Available

4 x 2

$849 - $1,389
4 Beds, 2 Baths
1,451 Sq. Ft.
Show Floor Plan Details
Rental Available
* Price shown is total price based on community-supplied monthly required fees. Excludes user-selected optional fees and variable or usage-based fees and required charges due at or prior to move-in or at move-out. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice. * Square footage definitions vary. Displayed square footage is approximate.

Details

Lease Term Options

  • 4 - 12 Month Leases

Property Information

  • Built in 2015
  • 137 units17 stories

Fees & Policies

The fees below are based on community-supplied data and may exclude additional fees and utilities.

One-Time Basics

Due at Application

  • Administrative Fee
    $200
  • Application Fee Per Applicant
    $50

Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.

Explore Commute Options

Drive Time
Walk Time
Bike Ride Time
Public Transit

Property Highlights

  • 50 Flat Screen TV
  • Club & Game Room
  • Electronic Unit Entry Locks
  • Euro-Style Cabinetry
  • Glass Shower Doors
  • HardwoodFloors in Most Units
  • Individual Study Rooms
  • In-Unit Washer/Dryer
  • Modern, Designer Furniture
  • Modern, designer plumbing fixtures
  • On-Site Management
  • Quartz Countertops
  • Stainless Steel Appliances
  • Study Lounge with Free Printing
  • Tiled Shower Walls

Apartment Features

  • Air Conditioning
  • Disposal
  • Freezer
  • Furnished
  • Hardwood Floors
  • Heating
  • High Speed Internet Access
  • Ice Maker
  • Microwave
  • Office

Community Features

  • 24 Hour Access
  • Business Center
  • Conference Rooms
  • Controlled Access
  • Elevator
  • Fitness Center
  • Furnished Units Available
  • Gameroom
  • Grill
  • Lounge

Map of Arc at Old Colony

Area Scores

Walkability

Exceptionally walkable

Transit

Exceptional public transit

Driveability

Fairly drivable

Bikeability

Exceptionally bikeable

Scores provided by

Soundscore

Busy

Scores provided by

Transit

Subway

1 min Walk

Blue Line - Chicago Transit Authority "L" Trains (The "L") CTA

Subway

3 min Walk

Red Line - Chicago Transit Authority "L" Trains (The "L") CTA

Subway

1 min Drive

Blue Line - Chicago Transit Authority "L" Trains (The "L") CTA

Subway

1 min Drive

Purple Line - Chicago Transit Authority "L" Trains (The "L") Brown Line - Chicago Transit Authority "L" Trains (The "L") Orange Line - Chicago Transit Authority "L" Trains (The "L") Green Line - Chicago Transit Authority "L" Trains (The "L") Pink Line - Chicago Transit Authority "L" Trains (The "L") CTA

Subway

1 min Drive

Red Line - Chicago Transit Authority "L" Trains (The "L") CTA

Commuter Rail

1 min Drive

Commuter Rail

2 min Drive

Airport

Chicago Midway International

19 min Drive

Chicago Midway International

Airport

Chicago O'Hare International

28 min Drive

ORD

Moving to Chicago Loop, Chicago, IL

Shopping Centers

Shoppers will appreciate Arc at Old Colony proximity to 632 S Wabash Ave, 137 N Wabash Ave, and Shops at State Place. 632 S Wabash Ave is 0.7 miles away, and 137 N Wabash Ave is within a 12 minute walk.

Commuting

With top-notch public transportation and a TransitScore of 100, Chicago Loop is exceptional public transit. Within 1.2 miles of Arc at Old Colony, you’ll find Harold Washington Library-State/Van Buren, Jackson Station (Blue Line), and Lasalle/Van Buren Station (Downtown Loop).

Parks and Recreation

Recreational activities near Arc at Old Colony are plentiful. Discover 5 parks within 1.9 miles, including Alliance for the Great Lakes, Openlands, and Grant Park.

Airports

Living in Chicago Loop provides easy access to Chicago Midway International, located just 18 minutes from Arc at Old Colony. Another nearby airport is Chicago O'Hare International, located 18.2 miles away.

Local Education

Primary and Secondary Schools

Not rated

South Loop Montessori School

Grades PK-5

Private

GreatSchools rating: 10 out of 10

Hawthorne Elementary Scholastic Academy

Grades K-8

Public

GreatSchools rating: 2 out of 10

Smyth J Elementary School

Grades PK-8

Public

GreatSchools rating: 8 out of 10

South Loop Elementary School

Grades PK-8

Public

Not rated

Village Leadership Academy

Grades PK-8

Private

GreatSchools rating: 1 out of 10

Phillips Academy High School

Grades 9-12

Public

GreatSchools rating: 10 out of 10

Devry Advantage Academy High School

Grades 9-12

Public

Not rated

Renaissance Prep School

Grades K-12

Private

GreatSchools rating: 8 out of 10

Young Magnet High School

Grades 6-12

Public

Data provided by GreatSchools.org © 2026. All rights reserved.

GreatSchools

Colleges and Universities

School Commute Time (Distance)
Robert Morris Univ., Ill. Walk: 2 min (0.1 mi)
DePaul University, Loop Campus Walk: 3 min (0.2 mi)
Roosevelt University, Chicago Walk: 4 min (0.3 mi)
SAIC Walk: 11 min (0.6 mi)

About Arc at Old Colony

Head back to class with Chicago at your doorstep - live at ARC. Our vibrant student housing community is the perfect central location to conveniently get to class, explore, and enjoy the city. Schedule your in-person tour today or take a virtual tour at your convenience. This listing includes floorplans which may be for the immediate move in or the 23-24 year, please contact the leasing office for full availability options that fit your needs.

Arc at Old Colony is an apartment community in Chicago, IL

Contact

Property Address:
407 S Dearborn St,
Chicago, IL 60605
Phone Number: (855) 677-8101
More Information:
View Property Website
Office Hours
  • Sunday Closed
  • Monday 10:00 AM – 7:00 PM
  • Tuesday 10:00 AM – 7:00 PM
  • Wednesday 10:00 AM – 7:00 PM
  • Thursday 10:00 AM – 7:00 PM
  • Friday 10:00 AM – 7:00 PM
  • Saturday 12:00 PM – 5:00 PM
Leasing Office:
37 W Van Buren St, Chicago, IL 60605
Arc at Old Colony

Renter Reviews

For Arc at Old Colony

3.5

2 Ratings & Reviews

  • 5/24/16

    Arc at Old Colony

    For someone new to the city, the location and abundance of pre-paid utilities made transition very easy. The staff members are very nice, the unit comes with a large TV... Despite this, I would have made a different decision if I could. Beyond the issues of unethical management, for me, rent here was simply not worth it. It didn't take long for me to find out that being in the center of the city is not actually the place to be. There are so many areas of the city where you can find much cheaper rent in even more lively, friendly neighborhoods. You might have to move-in some furniture, perhaps even pay select utility bills, but it will still be cheaper in the end. And since public transport is so abundant here, you probably won't find yourself travelling much more. Also, trains/street traffic/construction probably won't be a constant sound.

    Review from Apartments.com

    16 People Found This Helpful

Contact this Property

(855) 677-8101

Languages: English

Open 10:00 AM – 7:00 PM Today

View All Hours