In recent months, the home prices in Chicago, Illinois, have come down to an extent. However, a report indicates that renters now have to pay nearly 4.5 percent more per month than they had to the previous year (source). For example, if someone was paying $1,785 per month in January 2022, they might be paying about $1,869 in 2023. It is a matter of great concern.
It looks like wages have failed to keep up with rent hikes across the city and even in different parts of Illinois. In such a situation, finding an affordable unit is like a dream come true.
Chicago homes under $600
The good news is that a couple of homes or apartments are there in Chicago that are suitable for renters with tight or limited budgets. Let's check out the details.
1). 3-bedroom apartment for $550
This apartment is available with three beds and one bath and is ideal for a family of two to five. And the best part is that it is available for as low as $550. The location is 2873 S Farrell St, Chicago, IL 60608 and if you are interested in knowing more, feel free to contact them at (312) 478-6857.
2). 1-bedroom apartment for $450 to $550
It is available for rent in a shared 3-bedroom and one-bathroom area. Rent of $450 to $550 includes all the utilities like electricity, heat, and water. You can also get access to WiFi and cleaning services are available for the bathroom and kitchen once a month. The place is suitable for students or working men. The address is 4311 S Wood St, Chicago, IL 60609.
Disclaimer: All the facts and quotes, etc. in this article are cited. Also, note that I have no direct/indirect link with the service/program provider. The article is solely written for informational purposes.
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