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Arc at Old Colony Apartments

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(855) 940-2291
Check Availability
407 S Dearborn St, Chicago, IL 60605

Contact

Arc at Old Colony

407 S Dearborn St
Chicago, IL 60605
(855) 940-2291
Arc at Old Colony in Chicago, IL - Building Photo
  • Studio–4 Bedrooms
  • $849-$2,149 Pricing
  • 395–1,451 Square Feet

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 located in the Chicago Loop Neighborhood and 60605 Zip code of Chicago, IL. This community is professionally managed by Article Student Living

Unique Features and Amenities

  • 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

See All Amenities

Property Contact Info

Office Hours

Monday10:00 am–7:00 pm
Tuesday10:00 am–7:00 pm
Wednesday10:00 am–7:00 pm
Thursday10:00 am–7:00 pm
Friday10:00 am–7:00 pm
Saturday12:00 pm–5:00 pm
SundayClosed

Floorplan Pricing and Availability

Arc at Old Colony offers Studio to 4 Bedroom apartments starting from $849 and having 395–1,451 sq ft. Here is the current pricing and availability:

  • Studio

    S x 1

    Studio, 1 Bath, 395 sq ft
    Available Soon

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,899Available SoonS x 1395 sq ft

    Model Amenities and Features

    Features

    • Washer/Dryer

    Kitchen

    • Disposal

    Services

    • Furnished

    Unique Features

    • 50 Flat Screen TV
    • Electronic Unit Entry Locks
    • Euro-Style Cabinetry
    • Glass Shower Doors
    • Modern, designer plumbing fixtures
    • Quartz Countertops
    • Stainless Steel Appliances
    • Tiled Shower Walls

    Model Rent and Fees

    Model Price

    • $1,899
  • 1 Bedroom

    1 x 1

    1 Bed, 1 Bath, 741 sq ft
    Available Soon

    Availability Details

    PriceAvailability DateUnitSq Ft
    $2,149Available Soon1 x 1741 sq ft

    Model Amenities and Features

    Features

    • Washer/Dryer

    Kitchen

    • Disposal

    Services

    • Furnished

    Unique Features

    • 50 Flat Screen TV
    • Electronic Unit Entry Locks
    • Euro-Style Cabinetry
    • Glass Shower Doors
    • Modern, designer plumbing fixtures
    • Quartz Countertops
    • Stainless Steel Appliances
    • Tiled Shower Walls

    Model Rent and Fees

    Model Price

    • $2,149
  • 2 Bedrooms

    2 x 1

    2 Beds, 1 Bath, 901 sq ft
    Available Soon

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,439Available Soon2 x 1901 sq ft

    Model Amenities and Features

    Features

    • Washer/Dryer

    Kitchen

    • Disposal

    Services

    • Furnished

    Unique Features

    • 50 Flat Screen TV
    • Electronic Unit Entry Locks
    • Euro-Style Cabinetry
    • Glass Shower Doors
    • Modern, designer plumbing fixtures
    • Quartz Countertops
    • Stainless Steel Appliances
    • Tiled Shower Walls

    Model Rent and Fees

    Model Price

    • $1,439

    2 x 2

    2 Beds, 2 Baths, 1174 sq ft
    Available Soon

    Availability Details

    PriceAvailability DateUnitSq Ft
    From $899Available Soon2 x 21174 sq ft

    Model Amenities and Features

    Features

    • Washer/Dryer

    Kitchen

    • Disposal

    Services

    • Furnished

    Unique Features

    • 50 Flat Screen TV
    • Electronic Unit Entry Locks
    • Euro-Style Cabinetry
    • Glass Shower Doors
    • Modern, designer plumbing fixtures
    • Quartz Countertops
    • Stainless Steel Appliances
    • Tiled Shower Walls

    Model Rent and Fees

    Model Price Range

    • $899 - $1,629
  • 3 Bedrooms

    3 x 2

    3 Beds, 2 Baths, 1276 sq ft
    Available Soon

    Availability Details

    PriceAvailability DateUnitSq Ft
    From $849Available Soon3 x 21276 sq ft

    Model Amenities and Features

    Features

    • Washer/Dryer

    Kitchen

    • Disposal

    Services

    • Furnished

    Unique Features

    • 50 Flat Screen TV
    • Electronic Unit Entry Locks
    • Euro-Style Cabinetry
    • Glass Shower Doors
    • Modern, designer plumbing fixtures
    • Quartz Countertops
    • Stainless Steel Appliances
    • Tiled Shower Walls

    Model Rent and Fees

    Model Price Range

    • $849 - $1,399
  • 4 Bedrooms

    4 x 2

    4 Beds, 2 Baths, 1451 sq ft
    Available Soon

    Availability Details

    PriceAvailability DateUnitSq Ft
    From $849Available Soon4 x 21451 sq ft

    Model Amenities and Features

    Features

    • Washer/Dryer

    Kitchen

    • Disposal

    Services

    • Furnished

    Unique Features

    • 50 Flat Screen TV
    • Electronic Unit Entry Locks
    • Euro-Style Cabinetry
    • Glass Shower Doors
    • Modern, designer plumbing fixtures
    • Quartz Countertops
    • Stainless Steel Appliances
    • Tiled Shower Walls

    Model Rent and Fees

    Model Price Range

    • $849 - $1,389
Price shown is base rent. 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.

Schedule a Tour

Request Tour
Call us at: (855) 940-2291 to request a tour.

Property Information

  • 137 Units
  • 17 Stories
  • Built in 2015
  • Furnished

Lease Terms

  • 4 - 12 mo

Fees and Policies

The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified.

Ask About Our Fees

Required Fees

One-Time Basics

Due at Application
Administrative FeeiCharged Per Unit.$200.00
Application Fee Per ApplicantiCharged Per Applicant.$50.00

Other Fees and Policies

Pet Policy and Fees

No Pets Allowed

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.

Features and Amenities

On-Site Services

  • On Site Retail
  • Renters Insurance Program
  • 24 Hour Access

Community Features

  • Conference Rooms
  • Lounge
  • Vintage Building
  • Business Center
  • Elevator

Outdoor Features

  • Grill
  • Roof Terrace
  • Sundeck
  • Controlled Access

Recreation and Fitness

  • Fitness Center
  • Media Center/Movie Theatre
  • Gameroom

Interior Features

  • Food Service
  • Cable Ready
  • Storage Space
  • Heating
  • High Speed Internet Access
  • Tub/Shower
  • Washer/Dryer
  • Air Conditioning
  • Wi Fi
  • Smoke Free

Kitchen Amenities

  • Disposal
  • Freezer
  • Stainless Steel Appliances
  • Quartz Countertops
  • Ice Maker
  • Range
  • Refrigerator
  • Oven
  • Microwave

Living Area Features

  • Office
  • Hardwood Floors

Pet Policy

  • No Pets Allowed
Google Map

Map

407 S Dearborn St, Chicago, IL 60605

Getting Around

  • 100 / 100 Exceptionally walkable

    All day-to-day needs are within a few minutes' walk

  • 100 / 100 Exceptional public transit

    Near a wide variety of rapid transit and/or frequent bus lines

  • 90 / 100 Exceptionally bikeable

    Exceptionally suitable for bicycle commuting and/or recreation

  • 40 / 100 Fairly car friendly

    Arteries nearby, but traffic congestion and parking problems are possible

Scores provided by Local Logic details

Getting to Know the Area

  • 100 / 100 Restaurants

    Exceptional variety of restaurants within a few minutes

  • 100 / 100 Cafes

    Exceptional variety of cafés within a few minutes

  • 100 / 100 Nightlife

    Exceptional variety of bars right within a few minutes

  • 100 / 100 Shopping

    Exceptional variety of shops within a few minutes

  • 100 / 100 Parks

    Exceptionally large amount of park space within a few minutes

  • 10 / 100 Noise Level

    Many sources of noise nearby

Scores provided by Local Logic

Frequently Asked Questions about Arc at Old Colony

Where is Arc at Old Colony located?

Arc at Old Colony is located at 407 S Dearborn St near the Chicago Loop area of Chicago, IL

What is the current rent range at Arc at Old Colony?

Studio to 4 Bedroom Apartments at Arc at Old Colony currently range from $849 to $2,149

When is the leasing office open?

  • The office Hours for Arc at Old Colony are
  • 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
  • Sunday Closed

Are pets allowed?

Call us today to find out our pet policy and if we allow pets

Lifestyle Ratings

  • Affordability Good Value3.6

    The Arc at Old Colony Apartments are 61.86% cheaper than the average apartment in the Chicago Loop area, and 49.82% cheaper than the average apartment city-wide.

    Rent Comparison to the Chicago Loop Neighborhood

    FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
    Studio$1,899$2,595-$696-26.8%
    1 Bedroom$2,149$3,065-$916-29.9%
    2 Bedroom$899$4,530-$3,631-80.2%
    3 Bedroom$849$7,784-$6,935-89.1%
    4 Bedroom$849$5,088-$4,239-83.3%

    Rent Comparison to the city of Chicago

    FloorplanLowest Price HereCity Average RentCost Difference%
    Studio$1,899$2,070-$171-8.3%
    1 Bedroom$2,149$2,468-$319-12.9%
    2 Bedroom$899$3,043-$2,144-70.5%
    3 Bedroom$849$3,677-$2,828-76.9%
    4 Bedroom$849$4,359-$3,510-80.5%

    Methodology: On 09/06/2026, ApartmentHomeLiving.com compared current rents by floorplan to 749 other apartment communities in the immediate area around Arc at Old Colony (Chicago Loop), and 37146 other apartment communities in Chicago using today’s up-to-date pricing using the sum/count averaging formula. This data will be updated in real-time as prices fluctuate.

    Rent Pricing Data as of 09/06/2026

  • Transit Friendly 3.2

    Transit Friendly apartments feature a fantastic location and great access to local mass transit.

    See the best Chicago apartments for Access to Transit
Learn more about Lifestyle SearchExplore Lifestyle Search in Chicago

Renters Reviews and Ratings

3.5
2 Renters Reviews

Arc at Old Colony

May 20, 2016 - Review from Apartments.com
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.
Read More

ARC at Old Colony

September 25, 2015 - Review from Apartments.com
I recently moved here from Los Angeles because of a new job in the area. I was looking for a place to stay that had utilities included already, and this was the only one that I thought was reasonable. I never really saw the building or apartment in person until after I signed my lease. To my surprise it was everything that I thought it was going to be and more. The whole building was remodeled from an old office building, but it still has a lot of character. The fact that this place is ...
furnished is awesome, but when I was able go to the roof and see the lounge and all of its amenities was when I knew this was my home. All the amenities in the apartment are clean and modern. There really isn't anything bad to say here. 24 hour door man, electronic locks, trash service, cable, large tv, and awesome views of the city.
Read More

Nearby Schools

Devry Advantage Academy High School

Chicago Public Schools
1900 West Lawrence Avenue
Public School - Grades 9-12 (152 Students)
Located Nearby14 minute drive / 6.8 miles away
Property Identified
10/10

Hawthorne Elementary Scholastic Academy

Chicago Public Schools
3319 North Clifton Avenue
Public School - Grades K-8 (642 Students)
Located Nearby10 minute drive / 4.7 miles away
Property Identified
10/10

Young Magnet High School

Chicago Public Schools
211 South Laflin Street
Public School - Grades 6-12 (2206 Students)
Located Nearby5 minute drive / 1.8 miles away
Property Identified
8/10

South Loop Elementary School

Chicago Public Schools
1601 South Dearborn Street
Public School - Grades PK-8 (846 Students)
In Attendance Zone3 minute drive / 1.2 miles away
8/10

Phillips Academy High School

Chicago Public Schools
244 East Pershing Road
Public School - Grades 9-12 (397 Students)
In Attendance Zone7 minute drive / 3.7 miles away
1/10
School data provided by GreatSchools.
details
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on scale of 1 (below average) and to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider needs as part of the school selection process.

About GreatSchools Data on ApartmentHomeLiving.com.

Points of Interest

Time and distance from Arc at Old Colony.

Arts Museums and Landmarks

Cloud Gate

Millennium Park
1 minute drive / 0.36 miles away

Chicago Theater

175 n state street
1 minute drive / 0.38 miles away

Buckingham Fountain

S Columbus Drive
2 minute drive / 0.87 miles away

Big Box and Retail

Macy's

111 N State St
1 minute drive / 0.31 miles away

Walgreens

240 W Randolph St
1 minute drive / 0.42 miles away

Target

1154 S Clark St
2 minute drive / 0.83 miles away

Colleges and Universities

School of the Art Institute of Chicago

36 S Wabash
1 minute drive / 0.28 miles away

Robert Morris University, Illinois - Ilinois

401 South State Street
1 minute drive / 0.29 miles away

DePaul University - Loop Campus

1 East Jackson Boulevard
1 minute drive / 0.3 miles away

Groceries

H Mart

711 W Jackson Blvd
2 minute drive / 0.77 miles away

Jewel-Osco

1340 S Canal St
3 minute drive / 1.21 miles away

Mariano's Fresh Market

1615 S Clark St
4 minute drive / 1.43 miles away

Hospitals

Northwestern Memorial Hospital

251 E Huron St
3 minute drive / 1.13 miles away

Ann & Robert H. Lurie Childrens Hospital Of Chicago

225 E Chicago Ave, Box 140
3 minute drive / 1.23 miles away

Rush University Medical Center

1653 West Congress Parkway
4 minute drive / 2.01 miles away

Hotspots

Supernatural Chicago

632 N. Dearborn
2 minute drive / 0.93 miles away

Parks and Recreation

Millennium Park

201 East Randolph Street
1 minute drive / 0.48 miles away

Wendella Boats

400 North Michigan Avenue
2 minute drive / 0.71 miles away

Shedd Aquarium

1200 S Lake Shore Dr Chicago
3 minute drive / 1.27 miles away

Arc at Old Colony has 5 parks within 1.7 miles, including Millennium Park, Wendella Boats, Shedd Aquarium, Funhouse Maze, and Oak Street Beach.

Restaurants and Dining

Villain's Bar and Grill

649 S Clark St
1 minute drive / 0.43 miles away

Greek Islands

200 S Halsted
2 minute drive / 0.89 miles away

Dick's Last Resort

435 E Illinois
3 minute drive / 1.04 miles away

Shopping Centers

Mossner Building

137 N Wabash Ave
1 minute drive / 0.34 miles away

Wabash/randolph Center

24-28 E Randolph St
1 minute drive / 0.37 miles away

Metra Market

118 N Canal St
1 minute drive / 0.63 miles away

Arc at Old Colony has 5 shopping centers within 0.9 miles.

Transit Stations

Monroe Station (Blue Line)-Blue Line

114 S. Dearborn St.
1 minute drive / 0.05 miles away

Monroe Station (Red Line)-Red Line

26 S. State St.
1 minute drive / 0.13 miles away

Jackson Station (Blue Line)-Blue Line

328 S. Dearborn St.
1 minute drive / 0.15 miles away

Nearby Neighborhoods

Library Tower

Studio to 6 Bedroom Apartments from $1,024
View Rentals

Printer's Row

Studio to 6 Bedroom Apartments from $1,024
View Rentals

The Loop

Studio to 6 Bedroom Apartments from $1,024
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Chicago Studio Apartments $2,070$600$10,000+
Chicago 1 Bedroom Apartments $2,468$800$9,999
Chicago 2 Bedroom Apartments $3,043$850$10,000+
Chicago 3 Bedroom Apartments $3,677$695$10,000+
Chicago 4 Bedroom Apartments $4,359$1,025$10,000+
Chicago 5 Bedroom Apartments $5,361$750$10,000+
Chicago 6 Bedroom Apartments $11,675$1,795$10,000+

Browse Top Apartments in Chicago

Viewing: Arc at Old Colony | Desktop Version | Listing Updated: 08/01/2026 | AHLPLA