Affordable Urban Living in Chicago
Here are just some of the many reasons why a luxury property might also be considered a great value.
Location: Even a couple of blocks can make a big price difference.
Age: Older buildings weren’t designed to accommodate golf simulators and chef’s kitchens, but oftentimes you can’t beat the location.
Remodel: It’s amazing what a thoughtful remodel can do for a property.
Square Footage: When it comes to unit square footage, there is no legal standard. For example, a unit that says it is 450 square feet but doesn’t measure hallways, closets, or non-living space might feel like a unit that measures 550 square feet but factors “every inch” into their calculation. It makes a big difference in how an apartment feels, and a “smaller unit” might definitely be worth a walk-through.
Competition: Good old competition is on your side. Inventories fluctuate daily, and apartment buildings always want a high occupancy rate. Sometimes a great value is just great timing.
Affordable Apartment Rentals in Downtown Chicago
The downtown Chicago rental market is bursting with fantastic affordable apartment rentals. There are plenty of nice apartments that you can afford, from budget-friendly studio apartments to affordable rentals in Lincoln Park. And, we can help!
Our rental leasing agents have the low-down on cost-effective apartments for rent in Chicago that fit your must-have list (in-unit laundry, anyone?) and your nice-to-have list (perhaps an apartment in your favorite neighborhood!). Luxury features at a rent that fits your budget are yours when you browse our value rentals in Chicago.
Fun Fact About Affordable Living in Chicago
Did you know that some of Chicago’s most luxurious apartment buildings offer income-restricted luxury units? Through programs like the Affordable Requirements Ordinance (ARO), high-end developments set aside a percentage of units at below-market rates for eligible renters. This means you could enjoy high-rise views, modern amenities, and top-tier services at a fraction of the price—making affordable luxury living in Chicago more accessible than you might think!
