How to Find an Apartment in Chicago, IL [2024]

Making a move to the Windy City and wondering how to find an apartment in Chicago? Apartment hunting can be stressful, and moving to an unfamiliar place can make it even more daunting. Worry not, we’ve got you covered. Here is everything you need to find an apartment in Chicago.

Need to see the vision first? Check out this video from Taylor Wynn as she tours luxury apartments in the city:

Finding an Apartment in Chicago

How Much Is Rent in Chicago?

As of May 2024, median rent in Chicago is $1,683 a month, which is up 1.9% over the previous year. A one-bedroom will cost around $1,560, whereas a 2-bedroom is likely to be closer to $1,699.

1. Finding the Best Chicago Neighborhood

Living in Chicago comes with perks like lakefront views, competitive sports teams, and a fascinating past fueled by the misdeeds of Al Capone. Chicago also delivers on delicious food. You can enjoy everything from namesake hot dogs to deep dish pizza, sausage, and Michelin star dining options.

If you’re ready to move to the Windy City, you’ll have no shortage of fabulous neighborhoods to choose from. However, what you'll choose will ultimately depend on your budget, and since Chicago has a wide variety of apartment types, we've broken down your choices into neighborhoods with luxury apartments and those with more affordable options. Please note that rent averages reflect current listings on our website from May 2024.

2. How to Find Luxury Apartments in Chicago

Luxury apartments and an upscale lifestyle can be found across Chicago if you know where to look. Here are some of our favorite neighborhoods for luxury renters. You can also check out our guide to Chicago's best neighborhoods for more:

Logan Square

• Average one-bedroom rent: $2,626
• Map of Logan Square

Welcome to the millennial paradise that is Logan Square. Here, you can be the first to try the latest trendy restaurant or bar. Logan Square has that “anything can happen” feel. You can find macro, micro, and artisanal everything in Logan Square’s hip restaurants and eateries and music venues.

The self-proclaimed “Logan Locals”, include university students, boho-chic hipsters, and young professionals. As the neighborhood continues to grow in popularity so have its rental costs, but the neighborhood remains relatively affordable compared to its Red Line neighbors in Lincoln Park and Gold Coast.

This neighborhood is considered reasonably safe but, as with any neighborhood known for thriving nightlife, it requires caution when walking to your high-rise apartment complex or bungalow. Conveniently located on the L Blue Line, Logan Square is a quick trip away from Downtown Chicago or O’Hare International Airport.

Gold Coast/ River North

• Average one-bedroom rent: $2,811
• Map of Gold Coast/River North

If your ideal weekend includes fine dining, shopping, and hitting up the latest late night spots, Chicago’s Gold Coast and River North neighborhoods may be the perfect place for you. Located right next to beautiful Lake Michigan, you can head to Oak Street beach to soak in the sun and cityscape views. Or try the coveted street of N Michigan Ave, also known as Chicago’s Magnificent Mile, to enjoy their pick of luxury retail and name brand department stores.

The area also hosts a variety of restaurants, bars and nightlife options. Many live in high-rise buildings with the amenities to match. But with such close proximity to Downtown Chicago, real estate there is in high demand and rent prices come at a bit of a premium compared to other neighborhoods. Yet, your daily commute is likely only a few L Red Line stops or scenic riverwalk away.

South Loop

• Average one-bedroom rent: $2,498
• Map of South Loop

South Loop is the epitome of modern city living. Step out your door and you're right in the heart of the action, with sleek skyscrapers, trendy restaurants, and buzzing bars lining the streets. Art galleries, museums, and Millennium Park are all within easy reach, making South Loop a perfect fit for young professionals and culture enthusiasts.

This neighborhood offers a variety of apartments, from high-rise units with stunning city views to converted lofts with exposed brick and industrial charm. Safety in South Loop is generally good, but like any urban area, it's important to be aware of your surroundings, especially at night. Luckily, the neighborhood is well-lit and well-patrolled, offering peace of mind for residents.

Getting around is a breeze in South Loop. Several CTA lines run through the area, providing easy access to other parts of the city. You'll also find plenty of bike lanes and Divvy bike stations, making it easy to explore on two wheels.

West Loop

• Average one-bedroom rent: $2,671
• Map of West Loop

Foodies rejoice in an industrial area turned hip West Loop neighborhood where some of the best restaurants in Chicago call home. Locals eat their way through, the esteemed eateries of Randolph Street, also known as Restaurant Row. Then, they move on to pubs, bars, and music venues. You can also browse the vintage wares at the Randolph Street Market.

Young professionals, urban lovers, and die-hard foodies snatch up residential lofts, new apartments, and dog-friendly developments. West Loop is highly walkable to area amenities and nightlife.

However, it does require a proactive approach to safety. Take the Green, Pink, or Blue Line or hop on the bus to get around the Greater Chicago area.

3. How to Find Affordable Apartments in Chicago

Chicago has no shortage of affordable and family-friendly neighborhoods if you're on a budget. Check out some of these well-loved spots and hidden gems, or visit our guide to Chicago's best neighborhoods for even more:

Edgewater

• Starting one-bedroom rent: $1,095
• Map of Edgewater

If you’re going to live in Chicago, you should take advantage of sweeping views of Lake Michigan and its shoreline. Waterfront prices often come at a premium in Chicago. However, Edgewater leans more reasonable than most. Avoid the tourist crowds at nearby beaches and settle in for a picnic with the locals.

The neighborhood is also undergoing a “Broadway Renaissance” with new businesses cropping up along this bustling corridor. Choose from mid- and high-rise apartment complexes to get the best views of beautiful Lake Michigan.

Edgewater is also popular with families looking for reputable schools and safety. Hop on the L Red Line or bus, and you’ll be down in the Loop or up to the Northern Chicago suburbs in no time.

Hyde Park

• Average one-bedroom rent: $1,602
• Map of Hyde Park

Chicago may be windy, but that's no reason to hide inside. Hyde Park is home to young professionals, University of Chicago students, families, and dog lovers who crave time outdoors and room to stretch out. Schools are well-regarded, and the neighborhood safety is reasonable and improving. That said, remain vigilant in Hyde Park’s surrounding areas.

Take your pick of single-family homes or apartment complexes with an east side shoreline. Rent prices are still relatively reasonable in comparison to other lakefront communities and northern neighborhoods.

The few miles to get up to Downtown Chicago are simple. Just hop on the L Green Line or bus to make your way across Chicago.

Edison Park

• Starting one-bedroom rent: $1,400
• Map of Edison Park

Capture that suburban feel without leaving the city in Edison Park. Spend your evenings sampling the neighborhood’s multi-ethnic cuisine. You can also see a show at the Work-In-Progress (WIP) Theater, which is funded solely by donations.

The area is also home to the annual Edison Park Fest. There, you can experience live entertainment, cold beer, and carnival rides.

This family-friendly neighborhood is home to a mix of working-class people. They include police officers, young professionals, and families who send their kids to the well-regarded local schools in the neighborhood. Just hop on the Blue Line and sail into Downtown.

Lincoln Park

• Average one-bedroom rent: $2,070
• Map of Lincoln Park

Just south of Lakeview, Lincoln Park is home to luxury condos, historic homes, and lakefront views. Lincoln Park is one of Chicago’s most desirable neighborhoods within miles of Downtown Chicago.

Named after the largest park in Chicago, Lincoln Park is also home to the free Lincoln Park Zoo, Chicago History Museum, Nature Museum, and much more.

University students, young professionals, established pros, and families all call Lincoln Park home. Schools are well-regarded and safety is the norm.

Locals enjoy walking their dogs and strollers along streets lined with a mix of pricey single-family homes and luxury apartments. Take your pick of the L Red or Brown line and buses for an easy commute.

Bucktown / Wicker Park

• Starting one-bedroom rent: $1,500
• Map of Bucktown

Young professionals flock to Wicker Park/Bucktown for bars, restaurants, and a laid-back vibe. Despite its hipster draw, families are still welcome in the neighborhood. There’s a wealth of quality schools to choose from.

Live music, whirly ball, and biking are also popular in this booming neighborhood. Hop on your bike and sail across the elevated trail at the nearby 606. This is also called the Bloomington Trail.

Residents choose from historic brick and stone homes as well as newer apartment complexes. This highly walkable and culturally diverse Chicago neighborhood is also considered safe and welcoming. Take the L Blue Line, bus or Kennedy Expressway for your transportation needs.

Lakeview

• Average one-bedroom rent: $1,731
• Map of Lakeview

Given its namesake, it’s no surprise Chicago’s Lakeview neighborhood is well-regarded for its scenic views.

4. Do You Need a Broker to Rent in Chicago?

While you don't need a broker in Chicago, you also won't pay any broker fees in the city, so you may decide that using one is an affordable option that saves you some hassle.

5. When's the Best Time to Look for a Chicago Apartment?

We strong recommendly that you start apartment hunting in Chicago at least three months prior to your anticipated move date. While the Chicago apartment rental market is not as competitive as in New York or San Francisco, it will still take a lot of effort and planning to find that perfect apartment for the right price.

December through February is typically the best time of the year to find move-in and other apartment specials in Chicago. According to our rental pricing data, for the past few years, rent prices have fallen steadily in winter months, reaching their lowest point in January. However, keep in mind that winters in Chicago can be brutal. The demand for housing during those months is usually low because, let’s be honest, no one wants to move all their belongings during a snowstorm. So you have to weigh the risks and benefits if you plan to move in winter.

Keep in mind, also, that more leases end during the summer. As a result, you’ll have a larger selection to choose from in July through September.

Learn more about the best time to start your apartment search.

6. Determining Your Budget

Rents have increased slightly in Chicago in the past year (1.9%). However, the Windy City is still more affordable than most other large cities across the country. As we stated previously, the median rent in the city is $1,683 as of May 2024.

We use the 30% rule from the U.S. Department of Housing and Urban Development to determine how much you need to live in an area. This rule states that a household should spend no more than 30% of its income on housing costs. To decide how much money you need to make to rent an apartment in Chicago, we can use the 30% rule and the median rent for a one-bedroom apartment.

At a median rate of $1,683, you would need to earn a little over $67,000 a year to comfortably afford an apartment in Chicago. If you already know your income, try using a rent calculator to figure out your budget. Also see our suggestions for apartments in Chicago within your budget.

Consider Additional Expenses to Determine the True Cost of Renting

Oftentimes, people forget about all the costs associated with renting an apartment. Living in that dream Chicago two-bedroom costs more than just the monthly rent. Make sure to budget for those additional costs of renting an apartment. 

• Application fee: Before you move into your new apartment, you’ll have to complete an apartment application. You may want to complete more than one if you want to have options. Many Chicago landlords ask for an application fee. It’s now always refundable. Application fees usually range between $25 and $100.
• Security Deposit: Illinois law does not stipulate a maximum or minimum legal amount of security deposit. Therefore, the amount varies from property to property with the most common equaling one month’s rent. It is usually refundable, however, you have to be smart to get your security deposit back.
• Pet Fees: If you’re in the market for a pet-friendly apartment, prepare to incur additional costs. The majority of pet-friendly apartment complexes require a pet deposit and/or pet rent.
• Parking: If you have a car and decide on a neighborhood that doesn’t have much street parking, prepare to shell out around $100-$175 a month on a reserved parking spot in your apartment building. Also, keep in mind, you don’t really have to drive in Chicago. That is, unless you are going to be living in one of its suburbs. 
• Amenities: Are you accustomed to having a free gym in your apartment building? If so, that’s definitely a cost you might overlook when searching for an apartment.

7. Planning Your Commute

Chicago is ranked the 6th most walkable city in the country. It’s also #6 for transit-friendliness. 

If you work in the Loop, commuting there from most Chicago neighborhoods would take you around 30-45 minutes if you decide to use public transportation and take Chicago Transit Authority (CTA) trains or buses. Depending on traffic and weather, driving or taking an Uber would take you about the same amount of time.

Keep in mind that parking in the Loop can be expensive. The median hourly parking rate in downtown Chicago is around $17. The median daily rate is close to $30. So make sure to consider your commute before signing the lease on an apartment.

8. Scheduling Apartment Tours

To avoid unpleasant surprises, make sure to visit the apartment before signing a lease. Even if everything looks good on paper, come prepared with questions to ask before renting an apartment for your potential landlord. 

9. Applying for Your Chicago Apartment

Make sure to bring your paperwork with you on your apartment tours. In case you find the apartment of your dreams, you’ll want to secure it ASAP.

Most landlords and property managers will require your ID, proof of employment and/or income, and references. If you already know that your credit score isn’t the best, be proactive. Find a cosigner in advance.

Make sure to bring money to pay for the application fee. If you are a first-time renter, study up on the apartment application process and come armed with a few questions to ask when apartment hunting.

10. Protect Yourself from Rental Scams

According to a report by Apartment List, 36.2% of Chicago renters encountered fraudulent apartment listings. Additionally, 2.1% lost money to rental scammers. To avoid becoming part of that 36.2%, take the following steps when looking for an apartment:

1. Visit the property in person
2. Verify the landlord
3. Talk to current tenants
4. Rent from reliable property management companies
5. Avoid paying with cash or a wire transfer
6. Be careful with your personal information 
7. Confirm prices and features before signing a lease

Additionally, make sure to check out a list of Problem Landlords published by the City of Chicago.

Ready to Find Your Chicago Apartment?

Here’s wishing you the Chicago apartment of your dreams! Not sure Chicago is the best place for you? Explore nearby cities or the best places to live in Illinois!

Regardless, Apartment List is here to help you find your dream home.

Here’s how it works: First, we get to know you. You’ll answer a few simple questions and we’ll find the best matches based on your preferences. Then, we mix and match your personalized results, making it easy to flex your choices and discover even more options.

FAQs about Apartment Hunting in Chicago

Is Chicago expensive to rent in?

According to our rental estimates from May 2024, the current median rent in Chicago is $1,683 per month. That makes Chicago #33 in a list of the most expensive cities in the nation.

How to get approved for an apartment in Chicago?

• Gather your documents: Most applications require proof of income (pay stubs or offer letter), bank statements, ID, and references from previous landlords.
• Meet the income requirement: Landlords typically look for applicants who make at least 3 times the monthly rent in gross income.
• Prepare for a credit and background check: Be upfront about any blemishes and have a plan to explain them if needed.
• Show a strong rental history: If you have a history of on-time rent payments and no major issues with previous landlords, this will strengthen your application.
• Act quickly: The Chicago rental market can be competitive. Be prepared to submit your application and any required fees as soon as you find a place you like.

Do you have to make 3x rent in Chicago?

While it's not a hard and fast rule, many landlords in Chicago prefer applicants who earn at least 3 times the monthly rent. This helps ensure you can comfortably afford the rent each month. However, some factors can influence this requirement:

• Your credit score: A strong credit score might allow some flexibility with the income requirement.
• The competitiveness of the building/neighborhood: In high-demand areas, landlords may be stricter on income requirements.
• Offering a co-signer: A co-signer with good credit can help you qualify if your income falls short.

Do you need credit to rent in Chicago?

Technically, no, you don't necessarily need perfect credit to rent an apartment in Chicago. However, most landlords will run a credit check as part of the application process.

Here's what to consider:

• Poor credit can make it harder to get approved: Landlords may deny your application or require a higher security deposit.
• No credit history can also be a hurdle: Landlords may ask for additional documentation to prove your ability to pay rent.
• Be prepared to explain any credit issues: If you have bad credit, be honest and upfront with the landlord. Explain the situation and demonstrate your financial responsibility.

Tips for renters with no or bad credit:

• Find a co-signer: Having someone with good credit vouch for you can significantly improve your chances of approval.
• Offer a larger security deposit: This can show the landlord your commitment to fulfilling the lease.
• Focus on your strengths: Highlight your stable income and positive rental history (if any).
• Remember, even with less-than-perfect credit, you can still find an apartment in Chicago. Be proactive, prepared, and emphasize your financial strengths.