Affordability Report: Rents in Chicago

Affordability Report: Rents in Chicago

Jason Loper
Aug 4, 2011

Whether relocating to Chicago or just getting back out into the rental game after a few years off the market, it can be difficult to know how much you can expect to pay for an apartment. Don't fret. We (and the good folks over at Domu) are here to save the day!

The folks over at the apartment rental site Domu have put together some pretty handy bar graphs that lay out the median rents in their 15 most popular neighborhoods. Now, it's been awhile since I was a renter but I'm actually a little surprised by the numbers. The rents on studio and one bedroom apartments seem to have risen considerably. I seem to remember a time in the no-so-distant past when a quality studio could be found for under $600. According to Domu's finding, you'd be lucky to find a studio under $700 and that's in the outlying neighborhoods. To live close to the Loop, you're looking at rents closer to $1000 per month.

One bedroom apartment rents seem to have shot up, too. In most of the outlying neighborhoods, the median rent hovers around the $900 mark and closer to the Loop you're looking at much more, between $1200 and $2000!

Check out the full post, including graphs representing two and three bedroom apartments, over on Domu: Top Secret Apartment Data.

And all you Chicago renters out there, tell us what you think? Are these numbers representative of rents in reality?

Via: Gapers Block

Images: Domu

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