In the Windy City, there are so many options for tenants. But to find the best neighborhoods for you, first, consider these property details to consider before signing a lease.
Factors to look for in Chicago property rentals should include:
• Transportation Accessibility: Having a short distance and easy access to the Chicago Transit Authority is crucial. Driving in this major metropolitan area has heavy traffic and road congestion.
• Walkability: Moving to a big city should be walkable, especially since most Chicago tenants ditch their cars since driving can be challenging. It also saves money on public transportation costs.
• Valuable Features: Balconies and personal outdoor spaces are high-value assets in a major metro like Chicago.
• Nearby Amenities: Look for neighborhood amenities that you value. Consider living closer to natural parks or having a wide range of food and entertainment options.
While moving to a big city has its benefits of offering many rental property options, it can also be challenging with the amount to choose from. Below is a quick guide to popular rental neighborhoods in Chicago and what makes them uniquely attractive for apartment seekers.
5 Popular Rental Neighborhoods in Chicago
Now that you know what to look for in places for rent in Chicago, here are the five most trending neighborhoods, average rental costs, and why they’re favored.
1. West Loop
West Loop is one of the most well-known neighborhoods of Chicago because it’s right in the heart of downtown, with plenty of access to public transportation. While the median rental pricing is higher, from $2,200 to $2,800, this area offers an upscale living environment and some of the most popular restaurants in Chicago.
Looking for a new apartment in West Loop? Check out The Regal.
is famous for its luxury retail shopping centers and waterfront views. This region offers renters renovated loft apartments that were previously old warehouses and manufacturing buildings. Tenants can enjoy the benefits of a spacious and newer property that has been sustainably repurposed.
2. River North
Did you know that River North has the densest number of galleries in the U.S.? It’s one of the most vibrant neighborhoods in Chicago if you’re a tenant looking for a beautiful part of the city to live in. From photography to sculptures and paintings, this area has historically been artistic and has some of the hottest restaurants in Chicago! On top of that, River North also has many public transportation – which is perfect for getting around the city.
Apartments in River North have a desirable location with world-class art galleries and five-star restaurants. It’s also a hub for younger generations, with trendy nightspots and comedy clubs all nearby. Additionally, River North offers renovated lofts from former manufacturing plants if you’re looking for bigger and newer housing in Chicago to rent.
The average price of rent in River North ranges from $2,000 to $2,956 for studios to 2-bedroom apartments.
View our River North property here.
3. Wicker Park
Renting in Chicago’s Wicker Park region offers skyline views and a robust retail and music scene. It has many locally-owned vintage record stores, thrift shops, and music venues. Its nearby attractions make it one of the most sought-after places to live.
4. Lincoln Park
Nature enthusiasts love to live in Lincoln Park because it’s the biggest park in Chicago. It features stunning lake beach and garden front views that enhance the beauty of Chicago’s skyline. You can easily make a day trip to Lake Michigan to take a break from city life, too.
Lincoln Park apartments are a tenant’s dream location with proximity to the Chicago Transit Authority, free admissions to the Lincoln Park Zoo, many Michelin-starred restaurants, and more. The average cost of rent in Lincon Park is around $2,406 due to its prime location.
Click now to experience Lincoln Park living!
5. Hyde Park
Hyde Park is one of the best apartment rental sites in Chicago because it’s a college neighborhood. It’s located near the University of Chicago, which is ideal for commuting tenants looking for an apartment closer to campus. As a college town, it offers luxury apartments and brick townhomes for high-end renting in Chicago.
Apartments in Hyde Park have a short walking distance to public transportation, restaurants, and newer amenities due to many renovated properties. The rental pricing median in Hyde Park is around $1,400 per month for budget-conscious tenants.
We have a variety of properties that could be the perfect fit for you! View all our Hyde Park properties.
Streamline Your Search for the Best Places to Rent in Chicago with TLC Management
Make your move to the Windy City a breeze with TLC Management. We own and manage more than 30 properties in Chicago and nearby, with unique amenities for city and suburban living. Our team can help you find the best neighborhoods in Chicago to rent based on your exact needs.
Search for Chicago apartments or contact us at info@chicagorentals.com for any questions today!
