What Is the Salary Needed to Live in Chicago?

August 10, 2022 | By Gabrielle Gresge
Reading Time: 2 Minutes

As you consider renting in Chicago, it’s worth considering how the cost of living in the city might fit in with your finances and salary. While less expensive than cities like New York and San Francisco and more financially flexible than cities like LA, Chicago can still come with the pricetag of city living if you’re hoping to live in a more upscale area.

What salary is needed to live in Chicago?

According to ZipRecruiter, the average full-time salary in Chicago is $46,144 per year; the 90th percentile of earners in the city earn $68,371. Since our brokers recommend spending approximately 33% of monthly take-home income on rent, the salary needed to live in the city flexes depending on the cost of your rent.

For example, if your monthly salary is $4,600, you should look for rental options around $1,500. Depending on your pay structure, you might factor in bonuses or commission into your rental budget – or leave them out of the calculation in order to save those supplemental payments.

What determines the cost of rent – and where can you compromise on the 33% rule?

If you’re finding yourself asking “How much rent can I afford in Chicago?“, know you’re not alone. In addition to macro-factors like the economy, housing costs and housing availability, there are a few ways to think about the cost of rent as it relates to what you might spend.

1. Amenities

Buildings with great amenities cost more than their counterparts. If you rent at 727 W Madison in the West Loop, for example, you’d have access to a co-working space and gym – meaning you might save on a gym/co-working membership and instead put that money towards rent.

2. Location

If a walkable commute is important to you, you might save money on public transportation/rideshare costs that you can put towards rent if you lived in a building like 73 East Lake, located right next to River North in the Loop

3. Views

Another determining factor in apartment rents are how extensive of views you’re looking for. Whether you’re searching for city views, Lake Michigan views, or river views, a better sight comes with a higher cost. For an apartment with floor-to-ceiling windows capturing city and lake views, South Loop‘s Sentral along bustling Michigan Avenue can’t be beat.

727 W Madison

727 West Madison Street, Chicago, IL, USA

West Loop apartments

73 East Lake

73 East Lake, East Lake Street, Chicago, IL, USA

Loop apartments

Sentral Chicago

808 South Michigan Avenue, Chicago, IL, USA

South Loop apartments

Our LLCR brokers are ready to help you consider the cost of living while finding an apartment that meets your needs. Reach out to us today to get started or click here to uncover the process of working with us.

If you find yourself asking “is it expensive to live in Chicago?”, we dive deeper on this topic in the blog linked below!

Is It Expensive to Live in Chicago?

Up Next

chicago luxury penthouses
read more

Chicago Apartments that Rival the Most Exquisite Chicago Luxury Penthouses

Not long ago, Chicago luxury penthouses were the gold standard of living accommodations in the city. They were particularly ideal for eligible bachelors and […]

luxury penthouses in chicago
read more

5 Unexpected Perks of Living in Luxury Penthouses in Chicago

Living in a luxury penthouse in Chicago is the dream for a lot of people. They offer stunning views, luxurious interiors, and often make […]

things to know before renting an apartment
read more

8 Things to Know Before Renting an Apartment

To ensure the smoothest living experience, there are some important things to know before renting an apartment, especially if you’re a first-time renter. We’ve […]

read more

Where to Live in Chicago for Match Day 2023 – Cadence Apartments

Match Day is an exciting time for medical residents who are about to start their residency programs. It’s a time of new beginnings and […]

What Is a Den in an Apartment — and What Are Its Benefits?

July 27, 2022 | By Gabrielle Gresge
Reading Time: 2 Minutes

As much of the world has shifted to working from home as a result of the pandemic, the way we think about our living spaces has changed: while we once went to a gym, many renters now seek a gym in their building. Kitchen tables and make-shift desks have replaced offices. Some people choose to host more often in lieu of going out.

With these lifestyle changes, renters are beginning to ask more out of their apartments – and apartment dens, a relatively new yet growing trend, are a great way to answer this need by providing more space without the full cost of another bedroom.

What is a den in an apartment?

Both one- and two-bedroom apartments can come with a den, which is an extra alcove of space that’s large enough to accommodate additional usage but small enough that it doesn’t necessarily qualify as an extra bedroom. A space is designated as a den if it doesn’t have windows or a closet; for this reason, some buildings also refer to dens as a ‘flex space.’

A great example of an apartment with a den is Elevate, located at 930 W. Altgeld Street in Lincoln Park, or the Amli Lofts, located at 850 S. Clark Street.

What are the benefits of a den?

Beyond having extra footage, a den can provide space for activities, needs and hobbies beyond a bedroom, sitting room and kitchen. Not every one or two-bedroom apartment has a designated area for working from home, and a den could be the difference between working from your ‘office’ or working from your couch.

Dens in two-bedroom apartments can be particularly useful in this case: if you live with your partner or a roommate, a den allows for separate, private spaces for working – ensuring that both you and your partner are set up for success (and not talking into each others’ ears!).

Lastly, if you’re clever, a den can be a fantastic storage solution: by adding nice bookshelves, storage cubes or space-saving furniture, you can stash any overflow items not contained by other rooms.

For some renters, a den is a fantastic option – while others opt for an additional bedroom to allow for overnight guests, storage or an office. Our LLCR agents are ready to talk through the benefits of each and find an apartment that fits your needs.

Interested in learning what other apartment layout options there are? Click the button below!

Explore Other Popular Apartment Layouts

Up Next

chicago luxury penthouses
read more

Chicago Apartments that Rival the Most Exquisite Chicago Luxury Penthouses

Not long ago, Chicago luxury penthouses were the gold standard of living accommodations in the city. They were particularly ideal for eligible bachelors and […]

luxury penthouses in chicago
read more

5 Unexpected Perks of Living in Luxury Penthouses in Chicago

Living in a luxury penthouse in Chicago is the dream for a lot of people. They offer stunning views, luxurious interiors, and often make […]

things to know before renting an apartment
read more

8 Things to Know Before Renting an Apartment

To ensure the smoothest living experience, there are some important things to know before renting an apartment, especially if you’re a first-time renter. We’ve […]

read more

Where to Live in Chicago for Match Day 2023 – Cadence Apartments

Match Day is an exciting time for medical residents who are about to start their residency programs. It’s a time of new beginnings and […]

Swim in These Chicago Rooftop Pools This Summer

June 15, 2022 | By Lauren Bozarth
Reading Time: 3 Minutes

Editor’s Note: This post was originally published in August 2021 and has been updated for accuracy and comprehensiveness.

Of course, one of the most popular summer activities in any locale is swimming. Rooftop pools are a unique summer element of Chicago. Many luxury downtown hotels provide the opportunity to purchase a day pass or enjoy a staycation for full access to rooftop pools and other amenities.

Check out a few Chicago rooftop pools open all summer long:

Chicago Rooftop Pools

  1. Cabana Club– Swim in or lounge by this incredible rooftop pool on the top of the Robey in West Loop. From the pool you can soak up skyline views of downtown Chicago and the surrounding suburbs. You can also enjoy a meal or cocktail from Cafe Robey while you’re there.
  2. DoubleTree by Hilton– Tucked between the Magnifient Mile and Navy Pier, this popular rooftop pool sits in the prime downtown location. The rooftop pool and bar are open all summer long.
  3. Radisson Blu Aqua Hotel– Located in the Loop and perched on the third floor of the Radisson, this 25-meter lap rooftop swimming pool is one-of-a-kind. It makes the perfect spot to cool off in or get your laps in.
  4. The Hoxton– The chic pool located on the top of the Hoxton Hotel in West Loop provides fantastic views and a trendy aesthetic. When spending an afternoon on this rooftop, be sure to grab some delicious ceviche at Cabra.
  5. Soho House– This exclusive Chicago hotel offers one of the city’s coolest rooftop pools, boasting incredible panoramic views of the city. Around the pool, guests can find comfortable oversized chairs and couches that charge your device, along with cozy outdoor fireplaces.
  6. Fitness Formula Clubs (FFC) West Loop– Sign up for a membership at this fitness club to access this building’s impressive outdoor pool. There’s nothing like a dip in an outdoor pool after a summer workout.

Chicago Apartments with a Rooftop Pool

Imagine not having to leave your apartment to access a killer rooftop pool! The good news is you don’t have to imagine it if you find a unit in one of these apartments in Chicago with a rooftop pool:

Wolf Point East

313 W Wolf Point Plaza

These apartments sit right at the intersection of River North, Fulton Market, and the Loop. Residents of Wolf Point East can take advantage of this jaw-dropping rooftop skydeck and pool, which offer both luxury and breathtaking views.

river north rooftop pool

500 Lake Shore

This apartment is situated right along the edge of Streeterville and offers a rooftop pool with cabanas and unmatched views of Lake Michigan, making this the ultimate retreat from the city.

500 lake shore rooftop pools chicago

Aurelien

833 N Clark St

These Gold Coast apartments offer a rooftop pool deck like no other. Here, residents can enjoy private cabanas, loungers, TVs, and surrounding city views all summer long.

Aurelien River North

Old Town Park Two

202 W Hill St

Nestled in the Old Town neighborhood, this apartment building offers an incredible rooftop pool with private loungers for the ultimate relaxing summer night.

old town park 2

Lincoln Common

2345 N Lincoln Ave

Located in the charming Lincoln Park neighborhood, this building boasts a rooftop pool deck complete with cabanas and endless city views.

Lincoln Common

Wolf Point East

313 West Wolf Point Plaza, Chicago, IL, USA

River North apartments

Lincoln Common

2345 North Lincoln Avenue, Chicago, IL, USA

Lincoln Park apartments

Old Town Park Two

202 West Hill Street, Chicago, IL, USA

Old Town apartments

Aurelien

833 North Clark Street, Chicago, IL, USA

Gold Coast apartments

500 Lake Shore

500 North Lake Shore Drive, Chicago, IL, USA

Streeterville apartments

If you’re looking to move to a luxury apartment with a pool this summer, Luxury Living Chicago Realty can help. We have a team of eager and experienced brokers who can help you find the best apartment near the best Chicago rooftop pools.

Ready to start your search? Click the button below to get started!

Start Your Search

Up Next

chicago luxury penthouses
read more

Chicago Apartments that Rival the Most Exquisite Chicago Luxury Penthouses

Not long ago, Chicago luxury penthouses were the gold standard of living accommodations in the city. They were particularly ideal for eligible bachelors and […]

luxury penthouses in chicago
read more

5 Unexpected Perks of Living in Luxury Penthouses in Chicago

Living in a luxury penthouse in Chicago is the dream for a lot of people. They offer stunning views, luxurious interiors, and often make […]

things to know before renting an apartment
read more

8 Things to Know Before Renting an Apartment

To ensure the smoothest living experience, there are some important things to know before renting an apartment, especially if you’re a first-time renter. We’ve […]

read more

Where to Live in Chicago for Match Day 2023 – Cadence Apartments

Match Day is an exciting time for medical residents who are about to start their residency programs. It’s a time of new beginnings and […]

What is the Average Move-In Fee in Chicago? Move-In Fees vs. Security Deposits

May 2, 2022 | By Lauren Bozarth
Reading Time: 2 Minutes

When working with renters, we are often asked about the average move-in fee in Chicago and the difference between move-in fees and security deposits. If you are still looking for an answer to either of these questions, you have come to the right place.

Move-In Fees vs. Security Deposits

To start, let’s distinguish between move-in fees and security deposits. As a renter, you will likely encounter both of these costs.

Most prospective renters are required to pay a security deposit to help protect the property. This agreed-upon amount will be returned to the tenant if the property is still in acceptable condition at the end of the lease. If there has been notable damage, the landlord will deduct those costs from the security deposit based on the damage. 

In Illinois, there are limits and deadlines regarding these deductions. While there is no limit on the amount a landlord may charge as a security deposit, they may only deduct unpaid rent, damage over normal wear and tear, and cleaning costs to return the unit to a move-in-ready condition. Additionally, a landlord must return the appropriate deposit within 30 days.

Move-in fees are another initial cost required upon signing a lease. However, unlike a security deposit, they are non-refundable. This fee often covers additional costs associated with managing the rental property, such as repairs or maintenance.

The cost of both security deposits and move-in fees often depends on the rental property’s value. A security deposit typically equals one month’s rent in Chicago and other places. 

Anticipating move-in fees is not as straightforward. They can range anywhere from 20% to 50% of one month’s rent price. In Chicago, the average non-refundable move-in fee can cost someone $425 to  $700.

With the average move-in fee in Chicago varying so much, you want to make sure you figure out this cost prior to signing your lease. If you are currently in the midst of searching for your apartment, let the Luxury Living Chicago Realty team secure your next home! Connect with us today.

Have more questions about your apartment search? We’ve answered a few of your highly-asked questions. Follow the link below!

Our Complete List of Apartment Finding Tips

Up Next

chicago luxury penthouses
read more

Chicago Apartments that Rival the Most Exquisite Chicago Luxury Penthouses

Not long ago, Chicago luxury penthouses were the gold standard of living accommodations in the city. They were particularly ideal for eligible bachelors and […]

luxury penthouses in chicago
read more

5 Unexpected Perks of Living in Luxury Penthouses in Chicago

Living in a luxury penthouse in Chicago is the dream for a lot of people. They offer stunning views, luxurious interiors, and often make […]

things to know before renting an apartment
read more

8 Things to Know Before Renting an Apartment

To ensure the smoothest living experience, there are some important things to know before renting an apartment, especially if you’re a first-time renter. We’ve […]

read more

Where to Live in Chicago for Match Day 2023 – Cadence Apartments

Match Day is an exciting time for medical residents who are about to start their residency programs. It’s a time of new beginnings and […]

What Should Your Apartment Hunting Timeline Look Like?

April 20, 2022 | By Andrew Lemna
Reading Time: 2 Minutes

If you’re getting ready to move, you may be wondering what the typical apartment hunting timeline should look like. That question and more are answered below!

The Apartment Hunting Timeline

When you’re starting to look for an apartment, it’s essential to keep a timeline in mind so that you can keep track of your moving objectives and stay on schedule.

For most people, the real hunting begins between 30 and 60 days before your future move in date.

However, we recommend starting the process even earlier, between 90 and 60 days before your future move in date to give you time to fully prepare. 

60-90 Days Out

In the 90 day window before you move, start with a general search of apartments online and start making considerations for what you want in your next home.

Take our Chicago neighborhood quiz to find the best fit for you, and familiarize yourself with listings in the area so you can start to understand market prices, common amenities, and other considerations.

You can take this time to leisurely look at listings and formulate your standards and criteria for your personal search.

Check out our apartment hunting checklist for some more specific ideas of what to look for.

30-60 Days Out

Once you enter the window of one to two months outside of your move-in date, it’s time to really begin the hunt.

Reach out to your trusted real estate agent to start viewing apartments in person.

During this time frame, have a firm grasp on your budget, where you want to live, and which amenities you want in your next apartment.

The apartment market can move very quickly, so knowing exactly what you want during this window is a must!

If you fall behind in your search, check out our blog on how to find an apartment fast.

The Apartment Finding Process

Once you’ve found listings to check out, make sure to read up on proper apartment viewing etiquette and what to bring when touring an apartment as well! This knowledge will make viewing apartments much easier for you and give you confidence in your search.

If you’re interested in learning more about when the best time to move in Chicago is, check out our blog here for more information on this subject.

Looking to move soon? A Luxury Living Chicago Realty broker can help you find the perfect apartment for your timeline. Connect with a Luxury Living broker to start your search.

Click the button below to read our answers to more of your apartment-finding questions!

Our Complete List of Apartment Finding Tips

Up Next

chicago luxury penthouses
read more

Chicago Apartments that Rival the Most Exquisite Chicago Luxury Penthouses

Not long ago, Chicago luxury penthouses were the gold standard of living accommodations in the city. They were particularly ideal for eligible bachelors and […]

luxury penthouses in chicago
read more

5 Unexpected Perks of Living in Luxury Penthouses in Chicago

Living in a luxury penthouse in Chicago is the dream for a lot of people. They offer stunning views, luxurious interiors, and often make […]

things to know before renting an apartment
read more

8 Things to Know Before Renting an Apartment

To ensure the smoothest living experience, there are some important things to know before renting an apartment, especially if you’re a first-time renter. We’ve […]

read more

Where to Live in Chicago for Match Day 2023 – Cadence Apartments

Match Day is an exciting time for medical residents who are about to start their residency programs. It’s a time of new beginnings and […]

Is Chicago Really That Cold? How to Survive a Chicago Winter After Moving

January 10, 2022 | By Lauren Bozarth
Reading Time: 2 Minutes

Is Chicago really that cold? This is a question we often get. In short, yes, the Windy City is as cold as you hear. If you’re relocating to Chicago you may not be used to the cold weather this winter. 

Is Chicago Really That Cold?

Here are a few tips for preparing yourself (and your living space) for the chilly season:

  1. Invest in proper attire. If you’re coming from a warm-weather spot, it’s crucial to have winter gear for your time in Chicago. This involves a great winter coat. The longer, the better too. We recommend finding a hooded parka that hits your knee (at least). You also want to ensure your wardrobe includes hats, gloves, boots, and warm socks. 
  2. Find walkable boots. While warm boots are a must, hunting down boots with good traction is equally important. During the winter, Chicago streets and sidewalks can get icy, and you want to protect yourself from slipping- especially if you plan on walking frequently.
  3. Layering is key. While the outdoors are frigid, most indoor spots have the heat cranked up during the winter months. Wearing layers allow you to stay comfortable in and out of fluctuating temperatures.
  4. Enjoy indoor activities and attractions. The cold is nothing new to Chicagoans, and it sure doesn’t keep people from getting out and being social. During the winter, people spend extra time dining out, visiting museums, shopping indoors, or checking out the conservatories. While some days may call for a movie night in, don’t let the frigid temps keep you from exploring all that this city has to offer in the winter.
  5. Take advantage of virtual offerings. The world of Zoom and video conferencing has allowed folks to participate in a plethora of activities without having to step outside their home. Consider workout classes or hangouts from the comfort of your own home when the weather is really bad.
  6. Get cozy. The best way to make the most of the cold is to ensure you and your space feel comfortable. Light candles throughout your home, pour yourself a warm beverage, snuggle up under a warm blanket, and turn on your favorite movie.
  7. Have a good perspective. There is no denying Chicago winters are rough, but Chicago summers make it all worth it. Remind yourself that the cold passes, and summer is right around the corner!

Now that we’ve answered the burning question, “is Chicago really that cold?”, and provided tips on making the most of the chilly weather, hopefully you feel more confident to brave the winters out here. Need to relocate to Chicago soon? Contact Luxury Living Chicago and let our team of experienced brokers help you find the perfect place!

If you’re new to the city or are looking to relocate, follow the link below for our “Moving to Chicago” guide!

The Expert Guide for  Moving to Chicago

Up Next

chicago luxury penthouses
read more

Chicago Apartments that Rival the Most Exquisite Chicago Luxury Penthouses

Not long ago, Chicago luxury penthouses were the gold standard of living accommodations in the city. They were particularly ideal for eligible bachelors and […]

luxury penthouses in chicago
read more

5 Unexpected Perks of Living in Luxury Penthouses in Chicago

Living in a luxury penthouse in Chicago is the dream for a lot of people. They offer stunning views, luxurious interiors, and often make […]

things to know before renting an apartment
read more

8 Things to Know Before Renting an Apartment

To ensure the smoothest living experience, there are some important things to know before renting an apartment, especially if you’re a first-time renter. We’ve […]

read more

Where to Live in Chicago for Match Day 2023 – Cadence Apartments

Match Day is an exciting time for medical residents who are about to start their residency programs. It’s a time of new beginnings and […]

The Complete Chicago Neighborhood Guide

September 6, 2021 | By Lindsay Smith
Reading Time: 6 Minutes

Your Chicago Neighborhood Guide

Chicago is made up of so many different neighborhoods for various cultures and lifestyles. If you are looking to live in one of Chicago’s neighborhoods, we’ve got you covered. Keep reading for our complete Chicago neighborhood guide.

Pet-Friendly Chicago Neighborhoods

Chicago Neighborhood Guide
Lincoln Park

When comparing some of the top pet-friendly neighborhoods in Chicago, there are quite a few options to choose from. We suggest weighing out the pros and cons between two popular neighborhoods for you and your furry friend — Lincoln Park vs. West Loop.

Lincoln Park – This pet-friendly Chicago neighborhood is home to the city’s largest park, making it a great option for you and your pet to go on a walk or run. In addition to the park, you can also enjoy the Wiggly Field dog park or take a stroll along the lakefront during the warmer months. Lincoln Park also offers many pet-friendly restaurants for you and your furry companion to dine at as well, including the patio at Broken English Taco Pub, GEMINI, or Ranalli’s pizza. If you’re low on dog food, treats, or toys, you can also head to local Lincoln Park pet shops like Kriser’s Natural Pet or Bark by the Park.

West Loop – A prime Chicago neighborhood for you and your furry friend, Wicker Park is home to various different dog parks sprinkled throughout the neighborhood. Take your pets to Skinner Bark Park or Mary Bartelme Park to let them roam free or play catch. In addition to West Loop’s extensive list of popular dining spots, this neighborhood is also home to many dog-friendly restaurants including Bar Siena, Jefferson Tap, and Lou’s Backyard. When living in West Loop, you can also grab your pet supplies at Paw Naturals or Wigglyville Pet Boutique.

Pretty Chicago Neighborhoods

river north chicago
River North

Every neighborhood in Chicago has something that makes it truly special. When looking for a pretty spot to live in one of Chicago’s neighborhoods, be sure to weigh out River North v. Old Town.

River North – This beautiful neighborhood gets its name from its location, just north of the river. With it comes the extensive views of both the river, Lake Michigan, and city. When you live in River North, you can experience all the shiny skyscrapers, restful riverwalk, bustling Michigan Avenue, boutique storefronts, and many other architectural structures that make this neighborhood one of the prettiest in the city.

Old Town – Rich with vintage charm and tree-lined streets, Old Town is another great pick when looking for a pretty Chicago neighborhood to live in. Stroll along the streets of Old Town and you will find a mix of old Victorian homes, historic walk ups, and sleek high-rise buildings giving you that warm neighborhood feel. In addition to the extensive history of Old Town, this Chicago neighborhood is also home to many pretty storefronts, patios, and green space.

Hipster Neighborhoods in Chicago

Chicago Neighborhood Guide
Logan Square

In order to really experience the city, you should get out and explore some of Chicago’s coolest hipster neighborhoods — Wicker Park v. Logan Square.

Wicker Park – Ranked among the top 5 most hipster neighborhoods in the nation, Wicker Park is one of the most happening places to be. With excellent walkability, coffee shops galore, plenty of local food trucks, dive bars, farmers markets, record shops, and art galleries, this neighborhood is the definition of hipster.

Logan Square – From craft breweries to thrift shops, Logan Square is another popular spot if you’re looking to live in a hipster Chicago neighborhood. Many of the trendy attractions are located along Milwaukee Avenue, but you can also find local shops scattered around the neighborhood as well. If you’re looking to spend a weekend exploring more of Logan Square, be sure to check out a good coffee shop, farm-to-table restaurant, or peruse their popular Sunday farmers market.

Chicago Neighborhoods for Young Professionals

Chicago Neighborhood Guide
Old Town

If you’re a young professional who just moved to the city and are debating which neighborhood to live in, be sure to run a comparison of Lincoln Park v. Old Town.

Lincoln Park – This Chicago neighborhood is known for their crowds of both young families and professionals. Relax on North Ave beach in the summer, take a stroll along Lincoln Park, explore the Lincoln Park Zoo, try a few popular restaurants in the area, or peruse a few Lincoln Park boutiques. This area is also home to DePaul University and has many transit options to the city for work.

Old Town – If you’re looking for a short commute to downtown for work, Old Town is a fantastic place to be. Just a few miles north of the Loop, Old Town is the perfect area just outside all the hustle and bustle of the city. This historic neighborhood is also close to Lake Michigan, plenty of entertainment, delicious restaurants, and bustling nightlife

Quieter Neighborhoods Further From Downtown, Chicago

lakeview chicago
Lakeview

Looking to be in close proximity to all the city has to offer but don’t want to live in it? Check out Lakeview or Uptown.

Lakeview – Just 6 miles north of downtown Chicago, Lakeview is a great option for those looking to be a bit more removed from city living. This neighborhood borders Lake Michigan for prime access to the lakefront trail. Lakeview also has plenty of green space for picnicking, niche boutiques to peruse, and local pubs to enjoy if you’re looking for more of a laid-back vibe.

Uptown – Just a few miles north of Lakeview, Uptown is even further from downtown Chicago with plenty of neighborhood charm and a little extra space to get some peace and quiet. Uptown is known for their cozy cafes and music lounges, as well as the beautiful Graceland Cemetery, Aragon Ballroom, and Montrose beach.

Looking for a Chicago Apartment with Views?

best apartments in chicago
Wolf Point East views – River North

If you’re on the hunt for a Chicago apartment with stunning views, you have to compare River North v. Chicago Loop.

River North – This Chicago area is one of the largest neighborhoods offering some of the best apartment buildings with jaw-dropping views. River North is the perfect blend of your social and professional life with its close proximity to the Loop, as well as plenty of world class dining options, nightlife, and shopping.

Chicago Loop – Nicknamed the “L” for the train tracks surrounding the Loop’s business district, this area is an excellent spot for professionals looking to live close to work in an apartment with incredible city views. Close to Willis Tower, some of the city’s largest company headquarters, and countless dining and shopping options, the Loop is a great place to live.

  • Wolf Point East – 313 W Wolf Point Plaza – Featuring unobstructed views of the city and river, Wolf Point East offers top-notch River North living. Situated in a convenient location directly along the riverwalk, Wolf Point East residents can enjoy the glistening cityscape from 60 floors high.
  • OneEleven – 111 W Wacker Drive – This stunning building delivers a high quality of living experience with premier amenities, exquisite design, and impeccable views in River North. Located right along the Chicago River, residents can enjoy endless panoramic views of the city and river from way high up.
  • Parkline – 60 E Randolph – Parkline apartments offer a tremendous downtown living experience in the Loop. The views from their penthouse collection is unmatched, with Lake Michigan and the city as a backdrop in every direction. Take in the views from your own apartment or admire the views from one of the many outdoor amenity spots.

Now that you’re well versed in Chicago’s top neighborhoods, it’s time to start your hunt for the apartment of your dreams. Our experienced experts live, work, and play in the Chicago neighborhoods, so let us assist you in navigating your Windy City apartment search. Connect with us today to get started!

Work with Luxury Living

Up Next

chicago luxury penthouses
read more

Chicago Apartments that Rival the Most Exquisite Chicago Luxury Penthouses

Not long ago, Chicago luxury penthouses were the gold standard of living accommodations in the city. They were particularly ideal for eligible bachelors and […]

luxury penthouses in chicago
read more

5 Unexpected Perks of Living in Luxury Penthouses in Chicago

Living in a luxury penthouse in Chicago is the dream for a lot of people. They offer stunning views, luxurious interiors, and often make […]

things to know before renting an apartment
read more

8 Things to Know Before Renting an Apartment

To ensure the smoothest living experience, there are some important things to know before renting an apartment, especially if you’re a first-time renter. We’ve […]

read more

Where to Live in Chicago for Match Day 2023 – Cadence Apartments

Match Day is an exciting time for medical residents who are about to start their residency programs. It’s a time of new beginnings and […]

The Best Floor to Ceiling Window Apartments in Chicago

June 22, 2021 | By Lauren Bozarth
Reading Time: 2 Minutes

With so many incredible things to see in Chicago, from the breathtaking skyline to the expansive lake, why wouldn’t you want the best view right outside of your own windows?

While prioritizing amazing views is an easy decision, finding an apartment with the most impressive views may be more challenging. That’s why the Luxury Living Chicago Realty team has rounded up the best floor-to-ceiling window apartments for you to check out.

The Best Floor to Ceiling Window Apartments in Chicago

floor to ceiling window apartments
Wolf Point East

Wolf Point East – 313 W. Wolf Point Plaza – On the East end of the Chicago River, this River North apartment building boasts unparalleled views of the river and city. Along with great city sites, residents have access to world-class amenities, including a co-working lounge, full-floor fitness center, river terrace, sports club, indoor/outdoor pool and hot tub, golf simulator, dog run, and more. The building sits right on the Chicago River, allowing residents direct access to a private riverwalk patio, River North restaurants, nightlife, and activities.

Essex on the Park –  808 S. Michigan Ave – This impressive and relatively new 56-story high-rise in the Loop provides residents with an unbeatable lakefront view and living experience. The building features a dramatic four-story winter garden with an indoor pool overlooking Grant Park. Other amenities include an outdoor patio with grilling stations, a fitness center with an indoor/outdoor yoga studio, a party room, cocktail lounge, and more.

floor to ceiling window apartments
ELEVATE

727 W Madison – This 492-unit West Loop skyscraper claims the title as Chicago’s tallest building west of the Kennedy Expressway. So naturally, residents can expect sweeping city views from within their luxury unit or from the large sun terrace with a pool, spa, cabanas, and grilling station. 

ELEVATE – 930 W. Altgeld St – Since this apartment building is located in Lincoln Park, a couple of miles from the downtown Loop, residents have expansive downtown views and views of the surrounding neighborhoods. The building offers upscale finishes and elegant amenities, including a rooftop fitness center and pool deck complete with cabanas, a large courtyard overlooking Lincoln Avenue, and a common area with built-in seating and WI-FI. 

NewCity – 1457 N. Halsted St – These upscale residences feature floor-to-ceiling windows with panoramic views of Lincoln Park and the entire Chicago skyline. Each unit is complete with detailed finishes and access to convenient amenities. The building is in the center of some of the Lincoln Park’s best shopping and dining.

Don’t miss out on a floor-to-ceiling apartment in Chicago for unlimited access to killer views of the Windy City. If you would like our team to help you secure one of these luxury apartments with stellar sights and impressive amenities, connect with one of our experienced team members today!

Looking for more apartments, restaurants, or balconies with some of the city’s best views? Check out our comprehensive guide below!

The Best Views in Chicago

Up Next

chicago luxury penthouses
read more

Chicago Apartments that Rival the Most Exquisite Chicago Luxury Penthouses

Not long ago, Chicago luxury penthouses were the gold standard of living accommodations in the city. They were particularly ideal for eligible bachelors and […]

luxury penthouses in chicago
read more

5 Unexpected Perks of Living in Luxury Penthouses in Chicago

Living in a luxury penthouse in Chicago is the dream for a lot of people. They offer stunning views, luxurious interiors, and often make […]

things to know before renting an apartment
read more

8 Things to Know Before Renting an Apartment

To ensure the smoothest living experience, there are some important things to know before renting an apartment, especially if you’re a first-time renter. We’ve […]

read more

Where to Live in Chicago for Match Day 2023 – Cadence Apartments

Match Day is an exciting time for medical residents who are about to start their residency programs. It’s a time of new beginnings and […]

How to Estimate Utility Costs for Your Chicago Apartment

May 18, 2021 | By Lindsay Smith
Reading Time: 2 Minutes

When you’re figuring out what you can afford in Chicago, it’s essential to consider your average monthly utility bill. We’ve broken down how you can best ballpark your utility costs to help you budget for your next move.

How to Estimate Utility Costs

When searching for a new Chicago apartment, you not only have to factor in your monthly rent, but also the cost of your utilities. 

According to U.S. News, apartment renters should budget $100-$150 per month for utilities, but these numbers can fluctuate depending on the building and what they cover.

In most apartments, you will be responsible for paying electricity, gas, and internet/cable bills, as the buildings typically cover water, sewer, and garbage.

Here’s how to estimate the cost of utilities in Chicago:

Electricity: The average cost for electricity in Chicago is $105.49 per month. This is most likely going to be the most expensive of the utilities, especially during the warmer months when the AC is constantly running. To help combat the fluctuation in price throughout the year, some companies offer even billing. Even billing is determined by taking the average of your energy habits throughout the year and coming up with an even base price you pay each month.

Gas: The average cost for gas in Chicago is $96.99 per month. To help combat the costs incurred in the warmer months where electricity surges, your gas bill will be the opposite. As the temperature falls, your gas bill will rise, and vice versa.

Internet: The average cost for internet (60Mbps) in Chicago is $61.15. Depending on the internet speed you need, this cost may fluctuate. If you don’t mind a slower connection, you can keep costs down a bit more here.

Cable: The national average for cable is $100. As cable alternatives start to gain traction, you can also cut this expense if you wish and go with a cheaper option with a select few of your favorite channels. A few of these cable alternative options are Sling TV for $35 a month, Hulu with Live TV for $64.99 a month, or YouTube TV for $64.99 a month.

Water: The national average cost for water is $40, but you most likely won’t have to worry about this cost in your apartment.

Sewer/Garbage: The city of Chicago charges a $9.50 per month garbage fee for each unit, but this will most likely be handled by your apartment building.

Now that you’ve factored in utility costs to your monthly budget, it’s time to start your apartment search.

Working with an experienced Luxury Living broker can help you estimate a reasonable monthly range for utility costs in your new apartment and advise you on budgeting correctly for life in the city.

For more on all the costs you can expect when living in Chicago, check out our guide below.

The Cost of Living in Chicago

Up Next

chicago luxury penthouses
read more

Chicago Apartments that Rival the Most Exquisite Chicago Luxury Penthouses

Not long ago, Chicago luxury penthouses were the gold standard of living accommodations in the city. They were particularly ideal for eligible bachelors and […]

luxury penthouses in chicago
read more

5 Unexpected Perks of Living in Luxury Penthouses in Chicago

Living in a luxury penthouse in Chicago is the dream for a lot of people. They offer stunning views, luxurious interiors, and often make […]

things to know before renting an apartment
read more

8 Things to Know Before Renting an Apartment

To ensure the smoothest living experience, there are some important things to know before renting an apartment, especially if you’re a first-time renter. We’ve […]

read more

Where to Live in Chicago for Match Day 2023 – Cadence Apartments

Match Day is an exciting time for medical residents who are about to start their residency programs. It’s a time of new beginnings and […]

River North Apartments|Best Buildings in Chicago

March 24, 2021 | By Amy Galvin
Reading Time: 3 Minutes

River North apartments are located in some of the best buildings in Chicago. River North is one of the largest downtown neighborhoods and is home to Chicago’s newest apartment buildings. If you are looking to live in a brand new high-rise building, then you should consider living in River North apartments.

369 Grand

369 Grand apartments in River North features convertible, one-, two-, and three-bedroom apartments with expansive views and striking design. Apartments at 369 Grand feature integrated appliances, stainless steel cooktops with a slide-out hood fan and convection oven, granite countertops, Italian cabinetry, wide plank flooring, convenient storage, glass-encased showers with wall-mounted hand shower-set, soaker tubs, custom walk-in closets, blackout blinds in the bedrooms, full-sized washer and dryer, self-controlled heating and cooling, private balconies, and floor-to-ceiling windows framing exceptional River North views.

Wolf Point East

On the East end of the Chicago River, Wolf Point East is a River North apartment building with unparalleled views of the river and city at 313 W Wolf Point Plaza. Building amenities include a business center/co-working space, full-floor fitness center, river gallery and lounge, outdoor pool and hot tub, golf simulator, dog run, club room, sky lounge, a sky deck with outdoor kitchens, TVs, fire pit and lounge seating. Since the building sits right on the Chicago River, residents will be able to enjoy their very own private river walk patio and access to restaurants and retail.

Wolf Point West

Wolf Point West luxury River North apartments range from studios to two-bedrooms. These stunning apartments feature floor-to-ceiling windows, plank flooring, spacious closets, in-unit washer/dryer, gourmet kitchens with stainless steel appliances, white quartz counters, soft-close duotone cabinetry, and glass backsplash, and select units include balconies. Property amenities include business center, fitness center, river gallery and lounge, outdoor pool and hot tub, golf simulator, dog run, club room, sky lounge, sauna and steam, and sky deck with outdoor kitchens, TVs, fire pit and lounge seating.

The Hudson

At The Hudson’s River North apartments, each one of the 240 luxury River North apartments features chef-inspired kitchens, detailed designs, spa-like finishes, and 24-hour concierge service. At 750 N. Hudson, the building offers residents a new level of luxury; each floor plan even includes a private balcony.

Hubbard Place Apartments 

Hubbard Place has some of the best views in the city. Located across from Chicago’s prestigious East Bank Club, Hubbard Place’s apartments feature rich oak flooring, beautifully appointed kitchens and bathrooms, and floor-to-ceiling windows. The building has a tremendous roof deck that serves as a private park with benches, outdoor dining areas, and a swimming pool.

AMLI River North

AMLI River North has the best location in River North for renters looking to be in the heart of it all. The building is known for its over-the-top amenities – such as the Vegas-style pool, private poolside cabanas and golf simulator – and very stylish apartment homes. All of these elements add up to high occupancy, which means only a handful of apartments are available for rent at a time.

If you love looking at all of the brand new buildings in River North, check out our New Building Guide for all of the latest to hit the neighborhood.

Search River North Apartments

Editor’s Note: This post was originally published in June 2017 and has been updated for freshness, accuracy, and comprehensiveness.

Up Next

chicago luxury penthouses
read more

Chicago Apartments that Rival the Most Exquisite Chicago Luxury Penthouses

Not long ago, Chicago luxury penthouses were the gold standard of living accommodations in the city. They were particularly ideal for eligible bachelors and […]

luxury penthouses in chicago
read more

5 Unexpected Perks of Living in Luxury Penthouses in Chicago

Living in a luxury penthouse in Chicago is the dream for a lot of people. They offer stunning views, luxurious interiors, and often make […]

things to know before renting an apartment
read more

8 Things to Know Before Renting an Apartment

To ensure the smoothest living experience, there are some important things to know before renting an apartment, especially if you’re a first-time renter. We’ve […]

read more

Where to Live in Chicago for Match Day 2023 – Cadence Apartments

Match Day is an exciting time for medical residents who are about to start their residency programs. It’s a time of new beginnings and […]

Looking for Luxury? Here are the Most Upscale Neighborhoods in Chicago

February 9, 2021 | By Luxury Living Chicago Team
Reading Time: 5 Minutes

If you are looking for the most upscale neighborhoods in Chicago, look no further. 

It’s no secret that Chicago is booming with construction and brand new buildings are added to the skyline every month.

We’re often asked what are the best neighborhoods to live in Chicago, a topic we’ve covered recently. As we put our thoughts on that together, we’ve rounded up the most upscale neighborhoods, buildings, and features that make them unique to help you find the perfect apartment.

Chicago’s Most Upscale Neighborhoods

Gold Coast 

The Gold Coast is home to some of the best shopping in the city. From Hermes to Barneys, to Jimmy Choo, and Tory Burch all along Oak Street, The Gold Coast is a shopaholics dream. If you love apartment interiors, make sure to visit Restoration Hardware in the heart of the neighborhood. Gold Coast is also home to excellent restaurants, and there is easy access to Chicago’s Lakefront Trail.

River North

River North downtown Chicago apartments are home to buildings with stunning amenities like fitness centers, roof decks, lounge spaces, spas, and pools. Living in River North places you directly in the heart of it all. There is easy access not only to work but also to top Chicago dining and entertainment options like Siena Tavern, Sunda, Gilt Bar, Eataly, and Chicago Cut Steakhouse.

Streeterville

Chicago’s Streeterville neighborhood is home to some of the newest and most exquisite luxury buildings in the city. Streeterville is also home to premier attractions and conveniences, including weekly firework displays at Navy Pier during the summer,  gourmet grocery stores, and downtown’s most popular movie theater and entertainment complex.

West Loop

West Loop apartments offer luxury living in a dynamic and rapidly growing neighborhood. With West Loop rentals, you’ll find amazing restaurants on Randolph Street and Greek Town, plus a blossoming gallery district.

The Best Amenities in Chicago’s Upscale Neighborhoods

The most luxurious buildings in Chicago boast some of the finest features on the market. Between extensive amenity lists and designer kitchens with stunning finishes, these buildings are some of the best in the business.

Wolf Point East

On the East end of the Chicago River, Wolf Point East is a River North apartment building with unparalleled views of the river and city at 313 W Wolf Point Plaza. Recently built in 2019, this tower is home to 698 apartments that feature floor-to-ceiling windows, plank flooring, spacious closets, in-unit washer/dryer, gourmet kitchens with stainless steel appliances, white quartz counters, soft-close duotone cabinetry, and glass backsplash, and select units include balconies. Building amenities include a business center/co-working space, full-floor fitness center, river gallery and lounge, outdoor pool and hot tub, golf simulator, dog run, club room, sky lounge, a sky deck with outdoor kitchens, TVs, fire pit and lounge seating. Since the building sits right on the Chicago River, residents will be able to enjoy their very own private river walk patio and access to restaurants and retail.

Norweta

Norweta is a Lincoln Park residential rental apartment development located at 2611 N Hermitage. The property offers a unique take on city living as it is part of an extremely luxurious development tucked away from the rest of the city. Completed in 2019, Norweta is home to 40 ultra-luxury apartments that range from 2 to 4 bedrooms. The community amenities are unmatched. The property features a courtyard and gardens, cozy fire pits, grilling areas, conference room, resort-style pool, 24-hour fitness center with on-demand virtual training, guest suite, sports court, climbing wall, solarium, hammock park, courtesy bikes, and underground parking.

One Bennet Park

One Bennett Park is a luxury Streeterville tower located at 451 E Grand Avenue. The property is part privately-owned condos and part apartment rentals. The property features ultra-luxurious amenities and services. Including an abundant fitness center with a Pilates studio and an indoor lap pool. There is also a sun terrace with an outdoor pool. The property features a 1.7-acre park, designed by a landscape architect, Mark Van Valkenburgh. Residents will enjoy the community spaces for dining, entertaining and relaxing. Residents with children will love the onsite children’s playground and playroom. The residences at One Bennett Park include a motor court entrance with parking beneath the building.

8 East Huron

Featuring just 102 units with an emphasis on penthouse-style living, this building is for the renter who appreciates high design and attention to every detail. Each floor contains only a handful of units, and there is a private art collection displayed throughout. 8 East Huron apartments feature a dedicated concierge, penthouse-level pool with fountains, indoor/outdoor community room, fitness center, private art collection, demonstration kitchen, private media room, and Wi-Fi access in all common spaces. These luxury River North apartments boast expansive ceilings, Snaidero cabinetry, wide plank flooring, Whirlpool washer/dryer, stainless appliances with island hood, gas ranges, quartz counters, custom closets, solar window shades, USB outlets, Grohe and Kohler fixtures, high-speed internet.

The Sinclair

The Sinclair Gold Coast luxury apartments, at 1201 N LaSalle, offers upscale living in a downtown Chicago location. This is a beautifully designed building with expansive and thoughtful amenities and details that go above and beyond. The building features a sun terrace with cabanas, outdoor pool, and spa, outdoor dining, resident lounge and demonstration kitchen, business center with conference room, state-of-the-art screening TV, coffee bar, large dog run, and bike storage with a workshop.

Optima Signature

Optima Signature, at 220 E Illinois Street,  is a luxury Streeterville apartment building with a robust offering of amenities, resort-like services, and modern conveniences. The list of amenities seems to be never-ending with property highlights that include: fitness center with basketball and squash courts, indoor and outdoor pools, outdoor and indoor kid’s playground, putting green, gaming room, business center, golf simulator, and a showcase kitchen. For apartment seekers that are amenity-driven, Optima Signature in Chicago’s Streeterville neighborhood is perfect for you.

If you are in the market and want to learn more about the neighborhoods in Chicago click the link below!

Learn More about Chicago’s Best Neighborhoods

SaveSave

*This post was originally published in November 2017 and has been updated to reflect updated information.

Up Next

chicago luxury penthouses
read more

Chicago Apartments that Rival the Most Exquisite Chicago Luxury Penthouses

Not long ago, Chicago luxury penthouses were the gold standard of living accommodations in the city. They were particularly ideal for eligible bachelors and […]

luxury penthouses in chicago
read more

5 Unexpected Perks of Living in Luxury Penthouses in Chicago

Living in a luxury penthouse in Chicago is the dream for a lot of people. They offer stunning views, luxurious interiors, and often make […]

things to know before renting an apartment
read more

8 Things to Know Before Renting an Apartment

To ensure the smoothest living experience, there are some important things to know before renting an apartment, especially if you’re a first-time renter. We’ve […]

read more

Where to Live in Chicago for Match Day 2023 – Cadence Apartments

Match Day is an exciting time for medical residents who are about to start their residency programs. It’s a time of new beginnings and […]

The 6 Best Neighborhoods in Chicago for Young Professionals

January 18, 2021 | By Amy Galvin
Reading Time: 6 Minutes

If you’re moving to Chicago for a new job, you need to know about the best neighborhoods in Chicago for young professionals to live.

According to Choose Chicago, there are 77 vibrant neighborhoods making up the city. Each neighborhood has its own history, flavor, and features to make it unique. However, you can’t possibly research ALL the neighborhoods. We are here to help renters make the apartment search process efficient.

Get all the details about moving to Chicago by downloading our Relocation Guide

What are the Best Neighborhoods in Chicago for Young Professionals?

While the boundaries of downtown Chicago are open to interpretation, at Luxury Living Chicago, we define 6 Chicago neighborhoods as the “downtown core.” These seven neighborhoods are closest to the city’s central business district within the Loop. They also have the most full-amenity, high-rise buildings for renters to choose from. Consequently, these are the 6 best neighborhoods in Chicago for young professionals to rent.

River North

River North is one of the largest downtown neighborhoods. West of Michigan Avenue to LaSalle Street you’ll find Chicago’s famous shopping, world-class dining, and nightlife. From LaSalle to the River you’ll find quiet streets, parks, boutiques and trendy restaurants. River North is also home to the gallery, design and apparel district, featuring the Merchandise Mart.

Must Visit Spot: The Chicago River Walk

Good to Know: There are a lot of bars and late-night spots in River North. Certain areas can be loud and boisterous at night because of the social scene.

New River North Apartments: On the East end of the Chicago River, Wolf Point East is a River North apartment building with unparalleled views of the river and city at 313 W Wolf Point Plaza.

On the west bend of the Chicago River, Wolf Point West is a River North tower offering residents unmatched amenities including business center, fitness center, river gallery and lounge, outdoor pool and hot tub, golf simulator, dog run, club room, sky lounge, sauna and steam, and sky deck with outdoor kitchens, TVs, fire pit and lounge seating.

Marlowe is a boutique luxury apartment building that will keep you close to the must-sees and must-easts in the Gold Coast, retail in the Merchandise Mart, or one of the many art galleries in River North.

Streeterville

The Streeterville neighborhood is home to Northwestern University’s downtown campus, University of Chicago Gleacher Center, NBC Tower, Northwestern Hospital, Lurie Children’s Hospital, popular downtown hotels and gourmet grocery stores. Streeterville features weekly firework displays at Navy Pier in the summer.

Must Visit Spot: The Ferris wheel at Navy Pier

Good to Know: Streeterville can feel crowded and congested at times because of the number of tourist attractions and traffic on Michigan Avenue.

Apartments Now Leasing in Streeterville: 

One Bennett Park is a luxury Streeterville tower located at 451 E Grand Avenue. The property is part privately-owned condos and part apartment rentals.

465 North Park offers access to Chicago’s best entertainment and exceptional conveniences.

The Streeter is a 50-story luxury apartment complex offers exceptional living to its residents in one of the most vibrant areas of the city.

Gold Coast

From shopping on Michigan Avenue, upscale restaurants on Rush Street, the bars and nightclubs on Division Street, Loyola University and Oak Street Beach this neighborhood defines classic (and classy) Chicago.

Must Visit Spot: Restoration Hardware Chicago

Good to Know: The Gold Coast can be one of Chicago’s more expensive neighborhoods because the high-priced real estate in the area brings up the total cost of living.

New Gold Coast Apartments: 

The Ritz-Carlton is a luxurious condominium community that offers luxury residences ranging from two to three bedroom apartments.

The Sinclair Gold Coast luxury apartments, at 1201 N LaSalle, offers upscale living in a downtown Chicago location. This is a beautifully designed building with expansive and thoughtful amenities and details that go above and beyond.

61 Banks Street is located in Chicago’s iconic Gold Coast neighborhood. This boutique apartment community offers luxury residences ranging from two to three bedroom apartments with breathtaking views of Lake Michigan.

Loop

The Loop is nicknamed for the “L” train tracks encircling the business district. The Loop has tons of dining, shopping and features Chicago icons such as the Willis Tower, Chicago Mercantile Exchange, Board of Trade and many of the city’s largest companies.

Must Visit Spot: Block 37

Good to Know: While the Loop is changing, it’s still the city’s business district and filled with office towers. After 5 PM, and on the weekends, the neighborhood can feel a little empty.

Apartments Now Leasing in the Loop: 330 South Wells Loop apartments are pet-friendly and feature a rooftop outdoor lounge with fire pits and grills, indoor sky lounge with demonstration kitchen and living room style seating, full fitness center with yoga studio, bike room, controlled-building access, and conference room.

73 East Lake is one block from Michigan Avenue, making it a premier walk-to-work location, and is near the CTA Red, Brown, Orange, Pink, Green, and Blue Lines, plus several bus stops.

Linea apartments thought of everything, even a dog-friendly outdoor terrace at 215 W Lake Street. These beautiful luxury Loop apartments offer expansive apartment and community spaces.

South Loop

There are two sections of the South Loop neighborhood – Museum Park and Printer’s Row. Museum Park is a sprawling lakefront community of brand new high-rise buildings close to Chicago’s museum campus and Soldier Field. The historic Printer’s Row features many buildings that used to be printing plants and publishing houses. This neighborhood has been steadily growing in popularity due to the neighborhood’s trendy and eclectic restaurants, artistic shops, as well as its proximity to the Loop.

Must Visit Spot: Museum Campus

Good to Know: The South Loop is rapidly developing. The dining and shopping scene continues to grow.

Apartments Now Leasing in South Loop: River City is an iconic building that offers 449 residential units with more than 250,000 square feet of office and retail space. These renovated, modern residences offer floor plans ranging from studios to townhomes & penthouses.

NEMA Chicago is a luxurious skyscraper offering 800 apartments with 70,000 square feet of unparalleled amenities. Inspired by unparalleled culture and history, residents will experience hospitality-style service, state-of-the-art technology, and unobstructed panoramic views of Chicago’s city center and Lake Michigan.

Located at 1326 South Michigan, The Paragon Chicago South Loop apartments offers easy access to everything in downtown Chicago. This 47-story contemporary building includes offers studios, one-, two-, and three-bedroom apartments.

West Loop

In the West Loop, you’ll find amazing restaurants on Randolph Street and Greek Town. The West Loop is home to the old manufacturing warehouses of Chicago that are being converted into cool office spaces to form a hub of start-up technology companies.

Must Visit Spot: Soho House

Good to Know: Rents are steadily increasing because of the neighborhood’s popularity.

Apartments Now Leasing in the West Loop: The Jax features in-demand amenities such as a rooftop terrace, lounge, and state-of-the-art fitness center. The Jax mixes modern design with vibrant lifestyle features that integrate to create the optimal living experience for West Loop Chicago renters.

Adams Laflin Place feature gourmet chef’s kitchen, stainless steel appliances, granite countertops and island, gas cooking, hardwood floors throughout, high ceilings, open floor plans, modern bath fixtures, and in-unit washer dryer.

727 West Madison is Chicago’s tallest building west of the Kennedy at 727 W. Madison Street. The property features a large sun terrace with a pool, spa, cabanas, fitness club with a yoga, barre and Pilates studio, private massage room, and high-speed Wi-Fi.

In conclusion, with so much action and lots of new apartments, these are the best neighborhoods in Chicago for young professionals.

Want the full scoop on moving to Chicago? Click the button below to learn more about the process of finding a Chicago apartment.

Learn More About Our Process

Editor’s Note: This post was originally published in February 2017 and has been updated for freshness, accuracy, and comprehensiveness. 

SaveSave

SaveSave

Up Next

chicago luxury penthouses
read more

Chicago Apartments that Rival the Most Exquisite Chicago Luxury Penthouses

Not long ago, Chicago luxury penthouses were the gold standard of living accommodations in the city. They were particularly ideal for eligible bachelors and […]

luxury penthouses in chicago
read more

5 Unexpected Perks of Living in Luxury Penthouses in Chicago

Living in a luxury penthouse in Chicago is the dream for a lot of people. They offer stunning views, luxurious interiors, and often make […]

things to know before renting an apartment
read more

8 Things to Know Before Renting an Apartment

To ensure the smoothest living experience, there are some important things to know before renting an apartment, especially if you’re a first-time renter. We’ve […]

read more

Where to Live in Chicago for Match Day 2023 – Cadence Apartments

Match Day is an exciting time for medical residents who are about to start their residency programs. It’s a time of new beginnings and […]

10 Companies Headquartered in Chicago

October 2, 2020 | By Lauren Bozarth
Reading Time: 4 Minutes

As one of the country’s largest cities, it’s no surprise that many large, successful companies have chosen the Windy City as their headquarters. Over the past few years, Chicago has seen an influx of Fortune 500 companies choosing to expand or relocate their headquarters to the city.

This trend has also brought many employees in need of housing to the downtown Chicago area.

Let’s take a closer look at ten Chicago based companies and learn what they are doing during COVID-19.

West Loop/Fulton Market

Boeing

100 North Riverside, Chicago, IL 60606

Ranked at number 40 on the Fortune 500 list, the Boeing International Headquarters are next to Ogilvie Transportation Center, just west of the Chicago River. The company moved from Seattle to Chicago in 2001 and has operations around the world. Due to the pandemic, Boeing has had to cut back airplane production, eliminating thousands of jobs. However, their headquarters remain open and enforcing safety guidelines.

McDonald’s

1035 W Randolph Street, Chicago, IL 60607

McDonald’s kept the city on its toes over the last few years with their plans of moving back downtown. After 47 years in Oak Brook, the company finally decided to build a headquarters in Chicago’s West Loop neighborhood on the former Harpo Studios campus. The office opened in 2018 with about 2,000 employees based there, plus the company’s flagship Hamburger University location. During COVID, the corporate office has allowed for flexible and remote work.

Mondelez International

905 W. Fulton Market, Chicago IL 60603

Mondelez recently made headlines for leasing a new building in Fulton Market and relocating downtown from Deerfield. The maker of popular snacks such as Oreo, Ritz, and Triscuits signed a 15-year lease with plans to move in 2020, just blocks away from McDonald’s and Google’s headquarters in the evolving neighborhood. In the wake of COVID, Mondelez has provided remote working guidance for specific positions.

Motorola Solutions

500 W. Monroe Street, Chicago IL 60603

In 2016 this company hopped on the bandwagon and made the move back to Chicago from Schaumburg, Illinois. Headquartered in the booming West Loop neighborhood, this data communications company has limited onsite work. Many employees and contractors are continuing to work from home after the rise of COVID.

Search West Loop Apartments

Downtown Chicago Loop

Archer Daniels Midland

77 W Wacker Drive, Chicago, IL 60601

In 2014 this multinational food processing and commodities trading corporation opened its global headquarters and customer center in downtown Chicago. During COVID, ADM is implementing a minimal staff model at its headquarters with all of the employees who can work remotely doing so.

Exelon

10 South Dearborn Street, Chicago, IL 60603

The nation’s leading competitive energy provider remains headquartered in Chicago’s ‘Loop.’ As an essential business, Exelon has remained open during the pandemic. However, they are allowing remote work where possible.

United Airlines Holdings

233 S. Wacker Drive, Chicago, IL 60606

The City of Chicago offered United two phases of incentives in 2007 and 2010 to relocate its headquarters from Elk Grove township to downtown. Today, over 2,500 employees work out of the corporate headquarters and operation center in the Willis Tower. However, the pandemic is forcing the aviation company to cut management jobs, many employed at the Chicago headquarters.

Kraft Heinz

200 East Randolph Street, Chicago IL 60603

The third-largest food and beverage company moved one of its headquarters from north suburban Northfield to downtown Chicago in 2016. Since March of this year, Kraft Heinz has asked employees to work from home, except for those who cannot perform their roles remotely. International and domestic travel has also been restricted.

Old Republic International Corporation

307 N. Michigan Avenue, Chicago IL 60603

This large shareholder-owned insurance business has been headquartered in Chicago, along the infamous Magnificent Mile, for over ten years. Since the shelter in place, many of Old Republic’s employees are continuing to work remotely. Only employees essential to business operations are cautiously working in their corporate offices.

Search Downtown Apartments

River North

Conagra Brands

222 W. Merchandise Mart Plaza, Chicago IL 60654

One of the companies with a larger move to Chicago, Conagra Brands, moved into River North‘s Merchandise Mart in 2016 from Omaha, Nebraska. The food giant also relocated employees from their Naperville offices downtown to bring everyone under one roof. However, COVID-19 lead to the majority of office-based employees to work remotely.

Search River North Apartments

While these ten companies headquartered in Chicago are adapting work policies in light of COVID, they continue to employ plenty of people living in the Windy City. If you’re considering relocating to Chicago, connect with one of our experienced team members to walk you through the process.

Curious about some other top companies based in Chicago? Click the button below!

10 Fastest Growing Companies Headquartered in Chicago

Up Next

chicago luxury penthouses
read more

Chicago Apartments that Rival the Most Exquisite Chicago Luxury Penthouses

Not long ago, Chicago luxury penthouses were the gold standard of living accommodations in the city. They were particularly ideal for eligible bachelors and […]

luxury penthouses in chicago
read more

5 Unexpected Perks of Living in Luxury Penthouses in Chicago

Living in a luxury penthouse in Chicago is the dream for a lot of people. They offer stunning views, luxurious interiors, and often make […]

things to know before renting an apartment
read more

8 Things to Know Before Renting an Apartment

To ensure the smoothest living experience, there are some important things to know before renting an apartment, especially if you’re a first-time renter. We’ve […]

read more

Where to Live in Chicago for Match Day 2023 – Cadence Apartments

Match Day is an exciting time for medical residents who are about to start their residency programs. It’s a time of new beginnings and […]

How Do Chicago Apartment Finders Get Paid?

September 22, 2020 | By Aaron Galvin
Reading Time: 2 Minutes

Have you ever wondered how Chicago apartment finders get paid?

There is a misconception if you work with a broker or apartment finder, you won’t get a good deal because the property or landlord needs to pay out a commission.

This is not the case. If you find a good rental broker to help with your search, you even have a chance of paying a little less in upfront fees.

Here are the essentials you need to know about how real estate agents earn a commission for renting you an apartment.

It is absolutely FREE to work with a Chicago rental broker!

  • Rental brokers should never charge a client for using their services. If anyone asks for an upfront fee, you should not work with them.
  • Unlike some cities, such as New York or Boston, in Chicago, the renter does not owe any fees to their broker for working with them to find an apartment.
  • When working with a real estate agent to rent an apartment the agent is only paid a commission if you rent an apartment they show you.
  • The commission is paid out by the property management company or landlord for the apartment after you move in.
  • Typically a rental broker will earn one month’s rent as their commission. However, this is not always the case. There are different fee structures for broker commissions which can be based on the time of year, how many apartments a building has available for rent, etc.
  • Properties may have preferred brokers, choosing to only offer a commission to some brokerages and opting not to work with others.
  • Because you are working with a broker doesn’t mean you can’t also see apartments on your own, however be mindful your broker is paid on commission so if you are going to look at other properties without them it’s best to be transparent.

So how do you know when a Chicago rental agent will be worth the commission they make?

It’s all about your initial conversation and a broker’s professional experience with rentals. The types of questions a broker asks are very indicative of the level of service they will offer. A broker asking extensively about your search criteria, price range and motivation for moving will probably have several properties lined up to show you matching exactly what you are looking for. A broker that asks nothing except the time you are available to tour will end up showing you what they want you to see, not what you want to rent.

Learn More About Living in Chicago 

Editor’s Note: This post was originally published in October 2010 and has been updated for freshness, accuracy, and comprehensiveness. 

SaveSave

SaveSaveSaveSave

Up Next

chicago luxury penthouses
read more

Chicago Apartments that Rival the Most Exquisite Chicago Luxury Penthouses

Not long ago, Chicago luxury penthouses were the gold standard of living accommodations in the city. They were particularly ideal for eligible bachelors and […]

luxury penthouses in chicago
read more

5 Unexpected Perks of Living in Luxury Penthouses in Chicago

Living in a luxury penthouse in Chicago is the dream for a lot of people. They offer stunning views, luxurious interiors, and often make […]

things to know before renting an apartment
read more

8 Things to Know Before Renting an Apartment

To ensure the smoothest living experience, there are some important things to know before renting an apartment, especially if you’re a first-time renter. We’ve […]

read more

Where to Live in Chicago for Match Day 2023 – Cadence Apartments

Match Day is an exciting time for medical residents who are about to start their residency programs. It’s a time of new beginnings and […]

Top 5 Apartment Views in Downtown Chicago

July 18, 2020 | By Luxury Living Chicago Team
Reading Time: 3 Minutes

Chicago is a picturesque lakeside city with a renowned skyline and rich history. From the clear horizon on summer evenings to the frozen lake and frosted trees midwinter, Chicago hosts a wide variety of scenic sights from all areas of the city. A good view from your apartment is irreplaceable and can transform even the worst of days. Here are our top 3 picks for the best apartment views in Chicago:

Wolf Point EastWolf Point East

Wolf Point East is a River North apartment building with unparalleled views of the river and city at 313 W Wolf Point Plaza. Wolf Point East’s location allows all of Chicago to be at your fingertips as three of the city’s most popular neighborhoods, the Loop, River North, and West Loop is all within walking distance. The views from every floor are striking, lower floors bordering the river show the water’s reflection of the city lights. Being located on the riverwalk, residents enjoy a private riverwalk patio. The views on the 60th floor will capture the river and the bustling River North neighborhood. 

Best Views in Chicago

Essex On The Park

Essex On The Park is located at 808 South Michigan Avenue offering upscale accommodations, desirable conveniences, and awesome city living. These luxury South Loop apartments offer a variety of floor plans including studios, convertibles, and one-, two-, three-bedroom units. Plus, the building also offers a four-bedroom duplex penthouse. Located directly on the park and lakefront, residents at Essex On The Park can wander to local spots to grab beverages and bites. Enjoy views of the lake and Grant Park on the east, and the South Loop views to the west.

Chicago Views

Aurelien

Aurelien luxury Gold Coast apartments have thought of every detail and offer spacious apartments with sleek designer finishes and ample amenity spaces. The rooftop resort delivers an experience that rivals many retreats. Large, pillow-top beds surround the pool for all day lounging. Built-in outdoor kitchens and fire pits create semi-private communal areas for groups of friends to enjoy. Resort-inspired sundeck featuring an outdoor pool, private cabanas, and outdoor grilling stations with panoramic views of the Chicago skyline.

Skyline Views of Chicago

NEMA Chicago

NEMA Chicago is located in Chicago’s South Loop at 1200 S Indiana Avenue. This luxurious skyscraper offers 800 apartments with 70,000 square feet of state-of-the-art amenities including an enormous resort-style pool deck and resident lounge with fire pits. Inspired by unparalleled culture and history, residents will experience hospitality-style service, state-of-the-art technology, and unobstructed wide views of Chicago’s city center and Lake Michigan.

North Water

Settled in the vibrant Streeterville neighborhood, North Water apartments offer breathtaking views of the deep teal Lake Michigan and iconic Navy Pier to the east, and peer south onto the Loop and winding Chicago River. In addition to the floor-to-ceiling windows that each apartment offers, a catered Sky Lounge and terrace overlook the city with an expansive view of the lake.

Are you ready for a change of scenery and want to experience some of Chicago’s best views? Click the link below to learn more about moving to Chicago.

LEARN THE 6 THINGS TO DO WHEN MOVING TO CHICAGO

Editor’s note: This post was originally published in August 2016 and has been updated for freshness, accuracy, and comprehensiveness. 

SaveSave

SaveSaveSaveSave

Up Next

chicago luxury penthouses
read more

Chicago Apartments that Rival the Most Exquisite Chicago Luxury Penthouses

Not long ago, Chicago luxury penthouses were the gold standard of living accommodations in the city. They were particularly ideal for eligible bachelors and […]

luxury penthouses in chicago
read more

5 Unexpected Perks of Living in Luxury Penthouses in Chicago

Living in a luxury penthouse in Chicago is the dream for a lot of people. They offer stunning views, luxurious interiors, and often make […]

things to know before renting an apartment
read more

8 Things to Know Before Renting an Apartment

To ensure the smoothest living experience, there are some important things to know before renting an apartment, especially if you’re a first-time renter. We’ve […]

read more

Where to Live in Chicago for Match Day 2023 – Cadence Apartments

Match Day is an exciting time for medical residents who are about to start their residency programs. It’s a time of new beginnings and […]

What is a Convertible Apartment?

March 20, 2019 | By JD Eaton
Reading Time: 2 Minutes

One of the first questions asked by any apartment locator will be, “what size apartment are you looking for?” but Chicago’s terminology can be different from other cities. Floor plan types include studio, convertible, junior one-bedroom, one-bedroom, and one-bedroom plus den.  So what’s the difference between a studio and a convertible? Or a junior one-bedroom and a standard one-bedroom? What qualifies as a den?

Different properties can define and label floor plans in different ways. Fortunately, Luxury Living Chicago’s consultants are here to help and walk you through various layouts and styles. There are some basic guidelines to remember and use when considering which floor plan works best for your lifestyle.

CHICAGO STUDIO APARTMENTS:

A studio floor plan will be the smallest square footage- usually ranging from 400-550 square feet. The kitchen is usually smaller and open to the rest of the apartment. The key to a good studio floor plan is storage space and most of Chicago’s newer luxury studio apartments include a walk-in closet.

CHICAGO CONVERTIBLE APARTMENTS:

When a studio has an additional alcove for bedroom space or even an obviously allocated spot for a bed, it can then be labeled a convertible. When a property offers a convertible layout, it usually means space is larger than a studio and has a separation between the main living area and the sleeping area. This separation can simply be an alcove for the bed, a partial wall, a  separate room with a sliding door, or it can be extra space like a hallway that creates a buffer between the sleeping alcove and kitchen/living area.

Convertibles and junior one-bedrooms are often very similar layouts and the terms are sometimes used interchangeably. Usually, junior one-bedrooms are smaller versions of a property’s one-bedroom floor plan without a bedroom door.  The price-point for a junior one-bedroom tends to be close to a convertible, with studios slightly below that range.

CHICAGO ONE BEDROOM APARTMENTS:

If you’ll need a little more space, standard one-bedrooms in Chicago range from 650-800 square feet. Most one-bedroom floor plans in Chicago feature an open kitchen and living space, with many including a large kitchen island for seating. The one plus den floor plan is usually sought out by those who work from home or would like an additional separated space for guests or dining. Not all one plus den layouts are created equally; most dens are not large enough to be used for guest bedrooms. But that’s why two-bedroom floor plans exist.

Ready to start searching for a Chicago apartment? Follow the link below to look through our luxury listings of downtown Chicago apartments. Please remember our team is always available to help and answer any questions about your search for a new luxury apartment!



Click Here to Search Downtown Chicago Apartments

Interested in learning the difference between a one-bedroom + den apartment? Read our blog post.

Editor’s Note: This post was originally published in November 2015 and has been updated for accuracy. 

SaveSave

SaveSave

SaveSave

Up Next

chicago luxury penthouses
read more

Chicago Apartments that Rival the Most Exquisite Chicago Luxury Penthouses

Not long ago, Chicago luxury penthouses were the gold standard of living accommodations in the city. They were particularly ideal for eligible bachelors and […]

luxury penthouses in chicago
read more

5 Unexpected Perks of Living in Luxury Penthouses in Chicago

Living in a luxury penthouse in Chicago is the dream for a lot of people. They offer stunning views, luxurious interiors, and often make […]

things to know before renting an apartment
read more

8 Things to Know Before Renting an Apartment

To ensure the smoothest living experience, there are some important things to know before renting an apartment, especially if you’re a first-time renter. We’ve […]

read more

Where to Live in Chicago for Match Day 2023 – Cadence Apartments

Match Day is an exciting time for medical residents who are about to start their residency programs. It’s a time of new beginnings and […]

Famous Celebrity Homes In Downtown Chicago

July 6, 2018 | By Talia Abrams
Reading Time: 2 Minutes

Nothing is more exciting to us than seeing a stunning apartment or condo on the market and it’s even more fun when the former resident was famous! Check out these five celebrity homes in the Chicago real estate world that everyone has their eye on right now.

Old Town Mansion Owned by Cubs Player Jason Kipnis

What: 5 bedroom 7,000 square foot Old Town mansion. Features 5 fireplaces, a rooftop deck, and unique high-end finishes.

Where: Old Town, Chicago

How much: $2.8 million.

Show me: Curbed Chicago article with photos

Wrigley Mansion 

What: Rare, surviving, Gilded-age, Theurer-Wrigley House, has a new owner.

Where: Lincoln Park, Chicago

How much: $4.65 million.

Favorite part: It’s multi-functional. This property can serve as a private residence or school, apartment, condo, retail space, restaurant, library or gym conversion.

Show me: Curbed Chicago article with photos – Wrigley Mansion

Chance the Rapper’s  Streeterville Condo

What: Chance the Rapper, Chicago’s most beloved musician, bought a new condo in Chicago.

Where: Streeterville, Chicago

How much: $4 million

Favorite part: Floor-to-ceiling windows and incredible city views

Show me: Curbed Chicago article with photos – Chance the Rapper

Vince Vaughn’s Huge Magnificent Mile Penthouse

What: Vince Vaughn is selling his 12,000 sq/ft, 5-bedroom, triplex penthouse

Where: The art-deco residence, The Palmolive Building, 159 East Walton Place, Chicago

How much: Back in 2011, the 35th, 36th and 37th-floor penthouse was listed at $24.7 million, but wouldn’t sell. The floors were split up and the top two floors just sold for $8 million. The sale for the 35th floor is still pending.

Favorite part: Natural light and leather features

Show me: Curbed Chicago article with photos – Vince Vaughn’s triplex penthouse

Former Bear, Brandon Marshall, Listing Michigan Avenue Penthouse for $5 Million

What: Former Bear, wide-receiver, Brandon Marshall, sold penthouse condo built in  Montgomery Ward’s former headquarters.

Where: Michigan Avenue with views of the Lake Michigan and Navy Pier

How much: $5 million (last year the condo was being rented out for around 19,000/month)

Favorite part: 2,000 sq/ft outdoor balcony space

Show me: Curbed Chicago article with photos – Brandon Marshall’s penthouse

Click here to view our available luxury Chicago apartments and schedule a showing with a member of the Luxury Living Chicago Realty team today! 

Up Next

chicago luxury penthouses
read more

Chicago Apartments that Rival the Most Exquisite Chicago Luxury Penthouses

Not long ago, Chicago luxury penthouses were the gold standard of living accommodations in the city. They were particularly ideal for eligible bachelors and […]

luxury penthouses in chicago
read more

5 Unexpected Perks of Living in Luxury Penthouses in Chicago

Living in a luxury penthouse in Chicago is the dream for a lot of people. They offer stunning views, luxurious interiors, and often make […]

things to know before renting an apartment
read more

8 Things to Know Before Renting an Apartment

To ensure the smoothest living experience, there are some important things to know before renting an apartment, especially if you’re a first-time renter. We’ve […]

read more

Where to Live in Chicago for Match Day 2023 – Cadence Apartments

Match Day is an exciting time for medical residents who are about to start their residency programs. It’s a time of new beginnings and […]

What is Transferring Apartments, and Can You Do It?

April 2, 2018 | By Luxury Living Chicago Team
Reading Time: 3 Minutes

Whether You’re Upsizing or Downsizing, an Apartment Transfer Might Be Right for You

Moving from one apartment to another in the same building isn’t uncommon. Maybe you want to move from a one-bedroom to a two or three-bedroom apartment for a growing family. Or maybe it’s the opposite — you want to downsize to save money, a roommate is moving out, or you simply don’t need the space anymore.

Whatever your goals are, an apartment transfer can help you achieve them. In this part of our apartment moving tips series, we’ll explore what an apartment transfer is and how to do one — provided they’re permitted by your landlord or property manager.

Important Factors to Consider When Transferring Apartments

  • Talk to your landlord or property manager. Tell them what you’re looking to do, and see what your options are. Apartment buildings in downtown Chicago can fill up fast, so it’s important that you take action when you decide on an apartment transfer.
  • Be prepared for a waiting list. Get your name on it, and see how everything lines up with your current lease terms. Also, keep in touch with the property manager to see where you are in line. If for some reason you decide to not move forward with the transfer, be courteous to others on the waiting list and let the property manager know to remove you.
  • Learn how an apartment transfer would affect your lease. Would you start a new lease? Could your current lease be amended? In some instances, the landlord or property manager might allow you to simply pick up where you left off, but that depends on their policies. Note that your payment history and overall history as a tenant could factor in. Also, you may have to pay a lease transfer fee and sign a lease addendum.
  • Pay attention to the details. If you have a parking space, would it change or stay the same? Would you have to pay an additional security deposit, or would you be entitled to a partial return of your original deposit? These details will depend on the situation.
  • When the time comes, be ready. Start planning your move at least one to two months out. Make your plan, follow our checklist, clean your current apartment, and pack your apartment efficiently. If you’ll need movers, do your research. Secure your movers, confirm dates with your landlord or property manager, and have your things ready to go.
  • Get set up. If you have to create or modify accounts with utility providers, contact them as soon as possible. Typically, they can set start dates for new services and shut-off dates for discontinued services, so everything happens automatically. Confirm with them the week before you move.
  • Make address changes. Contact the local post office and update your address officially. Also, notify your family, friends, and employer of your address change as soon as possible so they can make updates on their end.

Get Ready, Get Set, Move!

We hope this information was useful to you if you’ve been considering an apartment transfer. This concludes our series on apartment moving tips. If you’re looking to move to downtown Chicago, we’d love to help.

Our talented, experienced team is here to help you identify the right apartment for you. We’ll be happy to explain the process in depth and provide some insights on living in downtown Chicago.

Become part of a vibrant, thriving community:

Search Downtown Apartments

Up Next

chicago luxury penthouses
read more

Chicago Apartments that Rival the Most Exquisite Chicago Luxury Penthouses

Not long ago, Chicago luxury penthouses were the gold standard of living accommodations in the city. They were particularly ideal for eligible bachelors and […]

luxury penthouses in chicago
read more

5 Unexpected Perks of Living in Luxury Penthouses in Chicago

Living in a luxury penthouse in Chicago is the dream for a lot of people. They offer stunning views, luxurious interiors, and often make […]

things to know before renting an apartment
read more

8 Things to Know Before Renting an Apartment

To ensure the smoothest living experience, there are some important things to know before renting an apartment, especially if you’re a first-time renter. We’ve […]

read more

Where to Live in Chicago for Match Day 2023 – Cadence Apartments

Match Day is an exciting time for medical residents who are about to start their residency programs. It’s a time of new beginnings and […]

Effective Rent vs. Actual Rent — What’s the Difference?

March 1, 2018 | By Amy Galvin
Reading Time: 2 Minutes

With over ten years of experience helping our clients find the perfect home in Chicago, Luxury Living Chicago Realty is here to help answer any questions you have about renting an apartment.

A big part of our process is helping clients understand what you need to know about Chicago apartment rent. We want to ensure our clients are getting the best price possible for their apartment.

Effective Rent vs. Actual Rent — What’s the Difference?

In a previous blog post, we defined the term and described why a renter should care about effective rent. In this post, we are going to discuss the difference between effective rent and actual rent.

What is Effective Rent

Effective rent is found by taking your total concession (i.e. one or a few months free) and dividing it over the course of your lease term. The result will be your monthly, prorated payments.

What is Actual Rent

Actual rent is the price per month of your lease before the concessions are applied. This is the list price of your apartment and is often referred to as the “market rent.”

Why Effective Rent is Great for Renters

Effective rents are great for the renter because it means there is a discounted price. It’s important to pay attention to both effective rent and actual rent when searching for an apartment because both numbers determine what your monthly payments will be. If you have any questions about these numbers, your real estate broker will be able to break down the pricing and help you make a more informed decision on which apartment you should rent.

If you’re getting ready to rent a downtown Chicago apartment, you’ll want to be sure you understand all the factors that go into how apartment rents are priced. Click the link below to learn more about this topic.

Everything You Need to Know About Chicago Apartment Rent

Up Next

chicago luxury penthouses
read more

Chicago Apartments that Rival the Most Exquisite Chicago Luxury Penthouses

Not long ago, Chicago luxury penthouses were the gold standard of living accommodations in the city. They were particularly ideal for eligible bachelors and […]

luxury penthouses in chicago
read more

5 Unexpected Perks of Living in Luxury Penthouses in Chicago

Living in a luxury penthouse in Chicago is the dream for a lot of people. They offer stunning views, luxurious interiors, and often make […]

things to know before renting an apartment
read more

8 Things to Know Before Renting an Apartment

To ensure the smoothest living experience, there are some important things to know before renting an apartment, especially if you’re a first-time renter. We’ve […]

read more

Where to Live in Chicago for Match Day 2023 – Cadence Apartments

Match Day is an exciting time for medical residents who are about to start their residency programs. It’s a time of new beginnings and […]