Young Chicago tenants commonly ask, “How old do you have to be to rent an apartment?” Getting your first apartment is an exciting time. However, there are other rental requirements involved besides your age. From down payment savings to proof of income, learn more about the rental qualifications and the minimum age for an apartment in Chicago below.
What Age Can You Rent an Apartment in Chicago?
So, exactly at what age can you rent an apartment in Chicago? The
The state of Illinois recognizes 18 years old as the standard age of majority, including tenancy. Since tenants under 18 aren’t legally responsible for their portion of the lease, most rental property companies and landlords find this to be a major liability.
If you’re moving to Chicago from out-of-state, some states may have different age requirements for legal tenant status.
Don’t Forget About Utilities
Utility companies also require you to be 18+ to sign up for their services. Even if an apartment allows minors to become legal tenants, they may be unable to access basic utilities in their home. Water, gas, heat, electricity, and internet/TV are all crucial for living in Chicago’s summers and winters!
Learn more about the average utility costs in Chicago.
Extenuating Circumstances
Younger apartment seekers also commonly ask, “Can you get an apartment at 17 with parental consent?” While the standard legal tenant age is 18, there are exceptions when underage tenants may move into an apartment:
Emancipated Minors
If you’re an emancipated minor wondering, “Can you rent an apartment at 16?” Yes, because you have legal independence. Emancipated children are legally allowed to enter housing-binding contracts, including leases, apartment rentals, and property purchases.
While there may be behavioral limitations, such as no onsite drinking and partially recognized emancipation in other states, emancipated minors can become legal tenants under the Illinois statute.
Young College Students
If the apartment is near a university campus, a landlord may have exceptions for leasing to students under 18. College students commonly rent off-campus properties while taking classes to save on dorm costs. However, parental consent or a cosigner is typically warranted since minors usually have limited or no credit history.
Renting with Parental Consent
For tenants under 18 looking to rent an apartment, having parental or guardian consent with a cosigner may strengthen your chances of becoming a legal tenant. Cosigners take the financial and property liability should anything go wrong with your ability to pay or upkeep the apartment.
Depending on the property’s leasing guidelines and the cosigner’s financial record, you may be eligible to rent with a consenting adult.
Additional Considerations for Your Rental Journey
Now that you know how old you have to be to rent an apartment in Chicago, there may be other obstacles you might encounter in the application process, even as an adult.
Typical property rental application requirements include:
• Established Credit History: A minimum 650 credit score and clean financial records, like no bankruptcy filing and prior evictions.
• Sufficient Income: A minimum 30% debt-to-income ratio helps ensure you can afford rent and average utility costs.
• Bank Statements: Proof of income to verify you have a consistent payment history on record.
Find Your Next Apartment in Chicago with TLC!
TLC has been dedicated to delivering exceptional apartment living as it should be since 1996. With more than 30 properties throughout suburban and urban Chicago, we can’t wait to welcome you home.
Ready to find your first dream apartment? Search Chicago property rentals or contact us at info@chicagorentals.com for more information.
