The Chicago Renters’ Guide
If you’re in the market for a Chicago apartment, then the Chicago Renters’ Guide will tell you exactly what you need to know about renting an apartment in the Windy city. This article will walk you through the rental scene in the city and its surrounding neighborhoods so that you can get a head start on finding your next place.
What is a typical apartment in Chicago like?
Chicago apartments come in a wide variety of styles and designs. Many residents opt for studio, one-, or two-bedroom spaces to keep rent costs manageable, but you can always find larger apartments if you need more space. While you might be hesitant to sign onto a smaller space, Chicago is full of beautiful spaces that can accommodate tighter budgets so that you can also have some extra funds for exploring the city.
On the other hand, you can also find some of the chicest apartments in Chicago’s surrounding neighborhoods. With the finest amenities, gorgeous views, and top-of-the-line appliances, these Chicago apartments are sure to please. But don’t worry if your budget isn’t ready to accommodate apartments with this level of style. The price range of apartments in the city is impressive, so you’ll be sure to find something more affordable.
Many Chicago apartments have transitioned to having more modern interiors with a range of architectural designs depending on the character of the neighborhood. In high-rise apartment buildings closer to the east, you will often have an excellent view of the city or of the nearby lake. You should also decide what kind of amenities you are expecting in a new rental—number of bedrooms, laundry, pet-friendliness. These factors will affect
With such an extensive range of options, Chicago is a lively hub for those looking to start a new life in the city.
When should I start searching for an apartment in Chicago?
The answer to this question varies depending on the type of apartment you’re looking for. Apartments that fit smaller budgets often take a little more time to find. Likewise, you may have other factors you care about during the search. How close do you want to be to Chicago’s public transit? Do you want views of the lake? Which Chicago neighborhood speaks to you the most? Will you be in town searching for apartments, or will you be searching remotely?
These factors can all influence how long it takes to find the Chicago apartment of your dreams. On average, most experts agree that you should start searching for an apartment at least 30 days before your expected move-in date. Even more time would be ideal to make sure you aren’t limiting your search because of a time crunch.
What is the average rent in Chicago?
There’s good news here! Rent in Chicago has actually been on the decline recently. Chicago has traditionally been among the communities in the U.S. with the highest rent prices, but recent trends have led Chicago to offer more affordable apartments for newcomers looking to start their lives in the city.
According to the most recent data, the average price of monthly rent for a 1-bedroom apartment in Chicago is $1,645. A 2-bedroom averages around $2,189. Overall, the average monthly rent price is about $1,823.
The price of monthly rent is one of the biggest factors to consider before signing the lease for a new apartment. You should be sure to create a clear budget that outlines your current expenses and approximately what percentage of your income you’re comfortable devoting to monthly rent. Your calculation should include regular utility bills and additional fees that may need to be covered during the move-in process.
Where is the best neighborhood to live in Chicago?
Chicago’s North side is full of exciting communities with apartments for rent. When you’re deciding where to live, finding the right neighborhood should actually be one of your highest priorities. A beautiful apartment in a neighborhood you don’t enjoy will just leave you disappointed.
Luckily, SRE Holdings offers apartments in most of Chicago’s North side neighborhoods, so we have a little something for everyone! Monthly rent prices vary depending on the geographic area of the neighborhood with those a little further from downtown typically offering a wider variety of affordable options.
Here are some of the top neighborhoods to search for in Chicago’s North side:
- Lincoln Park
- Lincoln Square
- Old Town
- Rogers Park
- Edgewater
- Buena Park
Each of these neighborhoods offers accessible transportation via the “L” and has a thriving entertainment and dining scene, making them vibrant places to live. Many of these communities even border Lake Michigan to the east, which means you can enjoy scenic beaches and shoreline as a local. Not to mention Chicago’s extensive parks district, which makes getting time out in nature an easy habit.
With over 70 official neighborhoods in Chicago, don’t settle for just any neighborhood. With SRE Holdings, you can choose from some of the top communities in Chicago so that you’re happy with your new home.
Finding the right Chicago apartment with SRE Holdings
In the market for a Chicago apartment and ready to find your new home? We know it can be a challenge to find the right place when there are so many factors to keep in mind. Luckily, here at SRE Holdings, we are committed to making our tenants lives easier and giving them the best Chicago rental experience.
When you rent with us, you can enjoy high quality apartments and excellent service. Our apartment buildings can be found in some of the best neighborhoods in Chicago, meaning you’ll love the community where you end up.
Don’t let the stress of choosing your next place to live get to you. Many others have trusted us and our properties and have been thrilled with the quality of their experience renting from us. Trust us at SRE Holdings to deliver the rental experience you’ve been waiting for. Get in touch with us today to find out how we can help you end up in your next great home!
