Island Terrace Apartments is one of the most popular and lavish student housing in Chicago, providing students with a truly exceptional experience. Present near West Lagoon & Park, you will find a wide range of stylish studios and two beds apartments on offer; all fully furnished with en-suite studio rooms and fitted kitchens. Island Terrace Apartments also offers students some of the largest bedrooms available to rent in Chicago. High-speed Wi-fi throughout the building and all utility bills are included in the rent. Island Terrace Apartments has some of the most amazing social spaces including a cinema and games room, and music practice room to balance your social and academic life in the Chicago student housing options. There are also communal study rooms for you to have a group study with your friends, bookable dining rooms and a beautiful urban view.


Kendall College is at a 17-minute distance and University of Illinois is also nearby to the property that makes it a great student housing in Chicago. You will find many Chicago restaurants and bars in this popular area, not very far from Island Terrace Apartments. Many cities' retail and leisure hubs are near this and another popular road called South Stony Island Avenue. Furthermore, you can hop onto a train from Chicago Central Train Station and visit nearby cities like Evanston or catch a bus from Stony Island & 65th Street Bus Stop which is only a short walk away from the property and K And K Cab Chicago Taxi Service is also present nearby the student housing. 


This property is not only spacious but also perfect for University students. Along with amazing amenities included in the bills, the staff here is very accommodating and helpful. The 24*7 assistance gives you a comfortable student life. Security services and CCTV makes your stay safe and secure. The peaceful surroundings and lively study room helps you in your studies. In all, Island Terrace Apartments student housing provides the best housing experience, to keep the right balance of study and social life.

Community Amenities

Business Center Onsite, Computer Lab
Club House
Controlled Access
Door Attendant
Elevator
Fitness Center
Garages
Gated Community
Laundry Facility
Playground
Property Manager on Site
Public Transportation

Apartment Amenities

Broadband Internet Access
Cable or Satellite
Carpet
Ceiling Fan
Dishwasher
Garbage Disposal
Kitchen
Microwave
Oven
Range
Refrigerator
Smoke Free Community
Walk-In Closets
Window Covering

Configurations

One Bedroom Apartment$1,200/month
Sold Out
Private Room
Private Bathroom
Private Kitchen
Lease Duration12 month
Bedrooms1
Bathrooms1
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Frequently Asked Questions

What does Individual Leasing mean?

Each resident signs their own lease for their specific bedroom. So, if a roommate moves out, the other residents are not responsible for that persons rent. Please note that common areas are a shared space.

How do I pay my rent and when is it due?

Rent is due the first of each month and may be paid online by ACH, debit or credit card through the resident portal or by check or money order at the leasing office. NO CASH ACCEPTED. Convenience fees may be charged for online payments. Late fees vary by property. Refer to your Housing Contract for more information.

What if I need something repaired in my apartment?

Onsite, professional maintenance team would be happy to help you. They will need some details so be prepared to provide specifics with your requests. You may submit a service request in the following ways: Option 1: Enter a service request through the online resident portal. Option 2: Email your request to your community and a team member will enter a service request on your behalf. Option 3: Visit or call the office during normal business hours and a team member will be happy to enter your service request. If it is after business hours, you are welcome to leave a message with an after-hours representative. For Emergency Requests: A maintenance team member is on call 24/7 for emergency maintenance needs (i.e. door/window lock issues, major leaks, plumbing, no heat or AC during weather extremes, refrigerator not cooling, no electricity/gas/water, etc.). Please CALL the office at any time. If after business hours, an operator will assist you.

What should I bring to my new apartment?

While the furniture and appliances are included, below is a guide to help you with the personal belongings that you will need to provide: COMMON AREA : Electronics and corresponding cords/adapters, dcor, trash can, trash bags, pots and pans, plates, cups, eating/serving utensils, coffee maker. Cleaning/disinfecting supplies, dishwasher detergent, laundry detergent, etc. BEDROOM : Linens, pillows, mattress pad, towels, toiletries, shower hooks and curtain, trash can, dcor, electronics and corresponding cords/adapters, and anything else that makes you feel at home.

I am going to be a Guarantor for one of the applicants; will I have to pay the USD 43.50 fee as well?

Yes, they run a screening on every applicant, both guarantors and occupants. These are separate screenings for each person.

Does my daughter/son need to apply if I already put in an application for myself?

Yes, if they are 18 years of age or older. This allows us to run the screening required for approval on their lease.

I’m an international traveler, expat, or foreign student. Can I still be approved?

Yes, prospective renters with no US credit score are eligible for lease coverage.  If you are an international student, you'll most likely need a Responsible Party to apply. A Responsible Party is a well-qualified associated guarantor that makes 3 times the monthly rent in total annual income. This individual does not need to be in the US, and their income and liquid assets do not need to be in US dollars.

The person I am guaranteeing for does not have credit. Do you still need to screen them?

To be fair, firm, and consistent they run the same screening on everyone the age of 18+ who applies to live at Central Plaza. If you are going to be an occupant or guarantor of one of our homes, they will run a screening that may include credit and rental background.

What are the minimum Guarantor requirements that Parkmerced would typically accept?

If you have a FICO score, the minimum score is 630, and if employed, the minimum total annual income accepted is 3 times the monthly rent. Your income can also include liquid assets. Please contact your leasing agent for more details.

Will my daughter/son and I get a separate lease from the others in our group?

No, there is one lease for each home. All applicants will sign the same lease and have joint and several liability. they treat student leases the same as they do any lease.

Am I liable as a guarantor after my son or daughter leaves but their roommates stay behind?

Yes! The personal guaranty remains in effect until ALL residents vacate and the apartment is surrendered empty and free of everyone. This means that you could be held financially liable for persons that you did not intend to personally guaranty when you signed the guarantor agreement.

What documents will you need from me?

If you are an employed US citizen, they will need a copy of your current government-issued ID, your signed letter of employment, thirty days (4 weeks) worth of recent pay stubs, and your two most recent bank statements. If youre an international student, well need your current government-issued ID or passport, Form I-20, and some qualifying documents from your Responsible Party.

How long does the approval process take?

After submitting your application, which should take about five minutes, you will hear back from us within 2-4 business days during normal business hours.

How are they going to pay rent?

Everyone on the lease will be able to pay online via our resident portal. Upon move in, leaseholders will receive his or her login information and instructions on how to access the resident portal.

How long is the lease term?

Unless otherwise stated, our leases are for twelve (12) months.

What happens at the end of the lease term?

Properties is a rent-controlled community. After the initial lease term, the rental agreement will remain in effect on a month-to-month basis. To terminate the agreement, a thirty (30) day notice must be given by the lease holders and the apartment must be vacated. 

What are the eligibility requirements of booking?

To be eligible to rent a room in the residencies, the applicant must be able to certify either (a) that they are currently enrolled as a student and are taking one or more courses, or (b) if the applicant is not taking classes during the semester, the applicant both (i) is registered to take classes in the following semester, and (ii) is working at an internship that provides beneficial learning.

What are the dates I can make a reservation / sign a lease?

Residents may book by semester, quarter, 3, 6, 9 and 12 month intervals.

What is included with the room? Amenities? What does they provide and what do I need to bring?

The room rate includes all utilities (water sewer gas, electric, trash, high-speed wifi, , AC/heat), a fully furnished room (twin bed, desk, dresser or closet, desk with chair), and communal study and kitchen areas. 

How does room selection work?

Rooms are assigned on a first come, first served basis depending on your room type. They cannot guarantee views, floor numbers, closeness to elevators, etc.; however, if you have any special requests, please let us know and They will do our best to accommodate. If you reserved your room directly with your school/company, they will handle all pairing and room allocation.

Location