Chicago is often cited as one of the more affordable major cities in the country, and even with the Windy City experiencing an apartment boom, Chicago's rep for being a relatively affordable place to live continues to hold steady. According to data from a new report released by apartment search site Lovely, overall median rent prices in Chicago have actually gone down by 2% compared to prices from this same period last year. Rent prices for one and two bedrooms have dropped a bit since last year's peak, however, rents for studios have skyrocketed by 40%. For the second quarter of this year, the report puts the median studio rent in Chicago at $1,298 per month, with the overall median being $1,600 per month.
Of the cities profiled, Chicago comes in as the most affordable city to rent in, beating out New York, LA, San Francisco and Washington DC.
(link below)
http://chicago.curbed.com/archives/2014/07/24/studio-rents-in-chicago-have-jumped-40-since-last-year.php
Thursday, July 24, 2014
STUDIO RENT UP 40% IN THE LAST YEAR FOR CHICAGO
Studio Rent Prices in Chicago Have Jumped 40% Over Last Year.
Chicago is often cited as one of the more affordable major cities in the country, and even with the Windy City experiencing an apartment boom, Chicago's rep for being a relatively affordable place to live continues to hold steady. According to data from a new report released by apartment search site Lovely, overall median rent prices in Chicago have actually gone down by 2% compared to prices from this same period last year. Rent prices for one and two bedrooms have dropped a bit since last year's peak, however, rents for studios have skyrocketed by 40%. For the second quarter of this year, the report puts the median studio rent in Chicago at $1,298 per month, with the overall median being $1,600 per month.
Of the cities profiled, Chicago comes in as the most affordable city to rent in, beating out New York, LA, San Francisco and Washington DC.
(link below)
http://chicago.curbed.com/archives/2014/07/24/studio-rents-in-chicago-have-jumped-40-since-last-year.php
Chicago is often cited as one of the more affordable major cities in the country, and even with the Windy City experiencing an apartment boom, Chicago's rep for being a relatively affordable place to live continues to hold steady. According to data from a new report released by apartment search site Lovely, overall median rent prices in Chicago have actually gone down by 2% compared to prices from this same period last year. Rent prices for one and two bedrooms have dropped a bit since last year's peak, however, rents for studios have skyrocketed by 40%. For the second quarter of this year, the report puts the median studio rent in Chicago at $1,298 per month, with the overall median being $1,600 per month.
Of the cities profiled, Chicago comes in as the most affordable city to rent in, beating out New York, LA, San Francisco and Washington DC.
(link below)
http://chicago.curbed.com/archives/2014/07/24/studio-rents-in-chicago-have-jumped-40-since-last-year.php
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment