Cheap Studio Apartments In Chicago

Cheap Studio Apartments For Rent Near Chicago

The Perks Of Renting An Efficiency Apartment

They say renting is like dating- you should not expect absolute perfection from a rental home, but you should love the things that make it uniquely yours. If youâre interested in an efficiency apartment in Chicago, IL, we are confident that you will find a great place that complements your lifestyle. Having a small apartment comes with a series of advantages that their larger companions lack. A studio apartment is easier to keep clean and itâs always less cluttered, because there is no room for unnecessary stuff. If single bedroom apartments and small apartments is what youâre after, you are more likely to afford living in the hip parts of the town, within walking or biking distance from entertainment and shopping. You will also notice significant savings year after year. Pick your price limit and square footage and browse through our 451 listings in Chicago, IL and we promise you wonât be disappointed.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!

Chicago Studio Apartments Rent Trends

Studio apartment rents continued to increase in the hottest neighborhoods in Chicago. Lincoln Park saw the largest increase with a 16% increase over the prior year. This was in part due to the opening of two new luxury apartment projects: Lincoln Common Apartments and Elevate Lincoln Park Apartments. Studio apartment rent in the Gold Coast increased by 10% and River North was a 7% increase. Streeterville and the South Loop also proved to be highly desirable for studio apartment renters with a 7% and 6% increase respectively. Pilsen, Edgewater, Lakeview, Uptown and Logan Square saw flat to modest increases in studio apartment rents.

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The Belmont By Reside

3170 N Sheridan Rd, Chicago, IL 60657

Searching for something with personality in Lakeview? The Belmont by Reside is a timeless classic with vintage vibes. These high rise apartments in Lakeview of Chicago feature open-concept layouts, premium finishes, and hardwood floors. Plus, community amenities and services provide everything you need to live your best life. An available one-bedroom floor plan starts at $1,679.

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A celebration of all things smallfrom towns and tiny houses to micro apartments and modular furniture.

Welcome to Curbed Comparisons: Micro Week Edition as we explore tiny spaces available to rent for a set dollar amount in various Chicago neighborhoods. Today we’re looking at small apartments on Chicagos north side currently renting for less than $900/month.

$820 – 4606 N Hermitage Ave #108

Located in a handsome older building, this tiny Ravenswood apartment has plenty of charm. While were not exactly sure how the lower cabinets mange to clear the fridge, the studio otherwise makes good use of its 400 square feet of available space. The $820 monthly rent includes heat, water, gas, and electricity.

$684 – 1203 W. Balmoral Ave #2B

Asking less than $700 per month, this studio in Chicagos Edgewater neighborhood is the bargain option of the bunch. Featuring a large window as well as a skylight over both the kitchen and bathroom area, this cozy apartment certainly has no shortage of natural light.

$895 – 2351 W. Wilson Ave #210

Compared to the others, this Lincoln Square two room studio is on the relatively larger side of the spectrum thanks to a separate dining area that can also be utilized a bedroom. Convenient to the Brown Line, the apartment features hardwood floors and unique old-school recessed bookshelves.

$840 – 640 W. Briar Pl #203

$775 – 6530 N. Lakewood Ave

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Why Rent A Studio Apartment

Renting a studio apartment in Chicago will save on monthly rent, in exchange for less space. Spending a bit less on rent in comparison to more generous apartment floor plans may put money back into renters pockets for other expenses, such as parking or groceries. If you can do without certain luxuries, say like having a car, then renting a studio apartment could still work out to be a reasonable bet. Studios provide great access to public transportation as well as the best amenities the city has to offer — most of them within walking distance. Keep in mind that the affordability index of apartments in Chicago tends to go up the further you get from downtown.

A studio apartment may not be the way to go for every renter. But for those who embrace the minimalist lifestyle, studios mean you get more familiar with the space surrounding your apartment rather than the contents within it. Its a nice way to get to know the area if youre new to Chicago or have recently moved to an unfamiliar neighborhood. And dont forget the most important thing about renting a studio apartment: you can save money on rent.

How Much Are Chicago Studio Apartments

Chicago studio apartments are the most affordable option for renters with rent beginning under $1,000 per month. People searching for studio apartments in Chicago may have to look a bit further outside of downtown, where the median rental price for a studio apartment tends to be higher given the nicer amenities and newer construction. The citywide median rental price for studios listed on Domu was $1,307, an increase of 5% over the prior year. The average monthly rent for studio apartments varies quite a bit from neighborhood to neighborhood. The newer buildings with more amenities, closer to Lake Michigan or the Chicago Loop were the most expensive.

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Furnished & Serviced Apartments Chicago

For working expats and professionals who are in town for a short business trip, apartment hotels and serviced apartments in Chicago provide all the flexibility you need. Apartment hotels in Chicago typically come equipped with hotel-like amenities such as room service, maid service and WiFi – providing a comfortable, hassle-free stay in the city.

Whether you are travelling alone or with family, these furnished apartments in Chicago will allow you to settle in the Windy City with ease – giving you plenty of time to get on with your work without having to worry about locating certain facilities or taking care of your apartment.

How To Find An Affordable Luxury Apartment Building

Here are some tips to help you cut corners and still come out winning:

1.Choose a more affordable neighborhood like South Loop, Logan Square, Ukrainian Village, Uptown, and Edgewater. Typically, the farther you get from the citys center, the less you are likely to pay.

2.Compromise on space. Studio apartments in Chicago are an excellent option for one person. Going with a convertible instead of a true 1B/1B can be a lot less expensive too. Dont get hung up on square footage, you can easily create an efficiently designed space. Weve even put together some suggestions for small spaces.

3. Apartments with a lofted second bedroom offer a stellar solution if youre looking for some extra space. Lofts are almost always cheaper than those with two fully-enclosed bedrooms. The open area can usually be creatively filled with plants, decorative baskets, or other items that block a good amount of light and sound and provide privacy as well.

Roosevelt Collection Lofted Bedroom

4. Try to lease between October and January when rent is at the lowest point of the year. Renting between March and September will almost inevitably cost you more because thats when rents are at their highest.

5. Dont forget to take advantage of the concessions. During the slower seasons, buildings tend to offer specials, such as 1 month free , waived deposits, free parking, and rebates.

6. Get in on a lease-up a promotion new properties run prior to opening as they attempt to fill up the units.

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What Is A Studio Apartment

Studio apartments are one room rental apartments generally with a small kitchen or kitchenette and full washroom and are generally the most affordable option. But they don’t need to feel cramped at the same time. These are some studio apartments in downtown Chicago that let tenants stretch out more than just their budget. Studio apartments are a smart choice for renters who want a place of their own but dont own a tremendous amount of stuff. Renters can can keep costs down by having fewer appliances, less waste and lower energy bills. Browse this selection of studios for rent that are far from pint-sized and open the imagination for renters who want to be organization gurus.

Renting An Apartment In Chicago

The Basics

Renting an apartment in Chicago is pretty straight-forward. Youll need a photo ID, a security deposit, your first-month’s rent, and $25-$50 for a background check. Most leases are for 12 months, though you can sometimes score a little kickback for signing longer leases.

The Variety

From brick-walled studios to vintage flats to high-rise towers looking down on the shores of Lake Michigan, Chicago has a wide variety of rentals to choose from. For the budget-minded, cheap apartments in Chicago can be found in older buildings, often with gas and heat included in the rental price . And for renters in need of a little luxury, look for modern apartments with unique amenities like rooftop hangouts and resort-style swimming pools.

Parking

In most apartment communities, car owners should expect to pay an extra $200 per month for a spot in a parking garage or outdoor lot. Rental homes, townhouses and duplexes on the outskirts of town may have free street parking, however youll still be paying to park when you commute downtown.

Safety

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Furnished Sublets In Chicago

If youre thinking of moving to the City of the Big Shoulders, youll be in illustrious company. Famous sons and daughters of Chi-town include Kanye West, Common, Robin Williams, Michelle Obama, Harrison Ford and Hillary Clinton.

Apartments for rent in Chicago are surprisingly affordable. Despite being the third-largest city in the country, Chicagos rental market is the thirteenth most expensive. Until last year, it was in the top ten, meaning prices are steadily falling. As things stand, the average monthly rental price for Chicago apartments is around $1,000.

For the best selection of Chicago apartments for rent, look no further than Nestpick. Once youre settled in your sweet home Chicago, the only thing youll to worry about is the Midwestern winter! On Nestpick you can also search prices for rooms for rent in Chicago, studio apartments and Student Accommodation in Chicago

Chicago Apartments By District

Chi-town has a lot of unique neighborhoods scattered throughout the 77 community areas of the city, all of which have their own distinct flavor. From West Ridge to Woodlawn and everywhere in between – Chicago is packed with surprises.

Although the city offers a wide range of housing options, apartment hunting can often be quite daunting if youre unfamiliar with Chicagos neighborhoods and house prices. Not sure where to begin? Well weve handily created a brief list of the city’s best areas for expats and new arrivals.

Once youve become more acquainted with the city, Nestpicks simple search option will allow you to filter your search to look for furnished accommodation in areas that suit your lifestyle down to a tee.

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Best High Rise Apartments In Chicago With Affordable Rent

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Looking to move into a sick high rise? With stunning views, awesome amenities, and ideal locations, these high rise apartments in Chicago offer spectacular viewsat an affordable price. Which means youll still have pocket change left over to explore the bars, restaurants, shopping, and fun activities in the area!

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2150 N. Lincoln Park West, Chicago, IL 60614

Nestled in the heart of Lincoln Park, Webster House offers breathtaking views of Lake Michigan, Lincoln Park Zoo, and Conservatory. The high rise apartments in Chicago feature amenities such as a state-of-the-art fitness center, 24-Hour door staff and package receiving, on-site maintenance, bike storage, and more. Youll also fall in love with tall 96 ceilings, large walk-in closets, and custom remodeled options. An available one bedroom floor plan starts at $1,650.

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400 E. South Water Street, Chicago, IL 60601

Check out these elegant high rise rental apartments in Chicagos Lakeshore East. Each unit features thoughtful design touches thatll win you over. Love cooking? A spacious kitchen, complete with modern appliances, will help make meal prep easy. Feel like a baller with floor-to-ceiling windows that offer panoramic views of the Chicago skyline. An available studio floor plan starts at $1,287.

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Apartments For Rent In Oak Park & Chicago

Whether you need a studio, one-bedroom, two-bedroom or three-bedroom unit, Oak Park Apartments offers the largest selection of charming, well-maintained apartments in the Oak Park-Chicago area, with many located in historic, courtyard buildings.

Start your apartment search today and experience Oak Parks architectural character, excellent school system, and vibrant and diverse village feel.

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