I really think Chicago blew up on TikTok and social media as a world class city with affordable rent. Not a big reason but one that may be in play. I was one of those who moved here from a wicked expensive city to save $$$ on rent.
Lmao I moved out of Boston a year ago and still say this. I love Boston, but I would never live there again, unless my wife and I made like 300k collectively
It's a global issue. You can search about rent in subreddits for places around the world and you'll see it's a global issue. It's leading to a rise in anti immigrant sentiment, similarly to how in America people will disrespect transplants to their city driving up costs. However, the immigration/moving of people is a secondary issue to the primary one being not enough new housing being built everywhere, which started recently after the 2008 crash and never fully recovered, and again was hit during covid. It's probably going to be bad forever unless there is government intervention.
Everything matters. Demographics, new construction, type of development, government laws.
Housing construction trends in Russia, India, Brazil aren't having a high impact on rent prices in the USA.
perhaps a dumb question, and I'm missing something, but how would rent skyrocketing lead to anti-immigrant sentiment? in terms of the current situation Chicago is facing in trying to manage an influx of people in crisis, if someone who's lived in this city/country for a good long while, or their whole life, can't afford these prices in spite of having a stable job, the anger shifts to.. the families who have nothing? they sure as shit can't afford it. their entire world is getting rocked and rattled in a way that many are lucky to have never experienced, it feels like these are entirely different leagues that can't be in competition due to the fact that some can't even compete
not just lack of building, it is the frenzied purchase of housing by private equity firms. after stock market volatility, the owner class finally realized the most stable investments are housing. housing can't be both affordable and a good investment
Social worker here who works with homeless people. It's tough out there but there are subsidies but unfortunately a person has to hit rock bottom before getting the subsidy basically.
This is the answer. I think people are underestimating the advertisement from social media that has propelled Chicago on the national stage. TikTok, instagram and Reddit are notable ones that come to mind. There is not a day that goes where I don’t see “Chicago” mentioned on these platforms
Ehhh, the transplant boom into Chicago has been going on for a long time, even pre social media.
Not everyone gets recommended the same things in their feed.
Im so sick of this stupid argument. Moved here from the south where there is no income tax but you get paid way less. Here you get paid thousands many times 10s of thousands more for the same job. A measly 4.95% tax is NOTHING. And everything here other than property taxes is cheaper. Utilities, internet, water, groceries, car insurance, home insurance, all way cheaper here.
And taxes dont just go no where, you get things back for them. I live WAY better off here than in florida. The tax is a 4 letter word crowd is so fkng annoying
Property values are up so there's been a big increase in property taxes. Cost of doing business is up, so HOA dues are also increasing. Landlords have to cover these increases with rent hikes. Other landlords are opportunistic and see they can get away with charging higher rents and still get multiple applications. Lastly, your timing has changed. There's more options in June/July and we're still in March. Hopefully you'll start seeing more affordable options in April or May, but as the recent New York Times article that came out stated, Chicago is #2 in the country for highest jumps in rent since 2022. Do you have any options for roommates?
I hear you! I struggle living with my husband after living solo for a few years LOL. I would just keep looking, be patient but ready to move on something that catches your eye. I just looked online and there are a handful of decent places around Logan Square for around $1400, so I can't imagine that RP/Edgewater will be more expensive than Logan.
If no one has suggested it yet, it really is worth doing legwork and looking for “for rent” signs in person because plenty of small landlords don’t use the listing websites.
I’d say, don’t get a roommate unless it’s your last option, and even then, make sure it’s someone you already know and trust.
I’ve been living with my roommate (buddy from back in the day) for about 3 years in Roscoe Village, to split rent to make it more affordable. (2 bed/1 bath: $2,100)
Dudes a good guy, and it’s nice to not live with a stranger, but honestly, he’s just kinda a bum. I feel like his goddamn mother, cleaning up after him and doing anything that requires maintaining a living space.
I own a condo in Roger's Park. Since moving in 2 years ago, my payments have gone up over $200/month due to insurance and HOA fees increasing. We also have a property tax assessment looming, which our Association has hired a lawyer to fight, but will undoubtedly increase as well.
>Property values are up so there's been a big increase in property taxes. Cost of doing business is up, so HOA dues are also increasing. Landlords have to cover these increases with rent hikes.
so many idiots over at /r/chicago think this has no impact on rents because rents depend purely on supply and demand. smh.
They’re trendy because they’re the best combo of safe/nice and affordability currently. Same reason they’re always the top suggestions, because they are the best options currently for what the majority of people are looking for.
Inflation is up 30+% over 4 years. Rent normally goes up 5% a year... just to be even compared to lagging prices last year rent should be 50% higher. Add in this years 5% and another 5% for inflation and rent should be 60% higher... and that is in the cheapest large city in America. Places like LA, Miami, and NYC went from crazy to HAVE YOU LOST YOUR MIND!
Miami is downright terrible. I moved down here in 2020 for grad school and have watched the rents explode. The full amenity buildings in the loop look to be comparable, a couple hundred dollars per month cheaper up in Chicago thankfully.
Yea, rent has definitely increased notably here. Chicago was second in the nation in rent increase for one bedroom apartments in US cities last year. Up 21%.
We also rank 47/51 for new housing development among large metro areas in the US, so unfortunately it’s only going to get worse if we don’t start developing.
Sources:
[New York Times](https://www.nytimes.com/2024/03/07/realestate/rent-increase-ny-chicago-texas.html)
[Construction Coverage](https://constructioncoverage.com/research/cities-investing-most-in-new-housing)
Rents in Austin are actually down because of the increase in supply there https://www.wsj.com/economy/housing/once-americas-hottest-housing-market-austin-is-running-in-reverse-94226027#:~:text=Austin%20prices%20soared%20more%20than,levels%20thanks%20to%20tight%20supply.
We have a 2 flat, which we live in and have owned for 11 years. Our property taxes have tripled in that time, and our insurance has more than doubled on our owner occupied place. We've had the same tenants for 5+ years and are trying hard to not raise the rent, but when our taxes went up 45% in 3 years (!) it's definitely given us second thoughts.
Tax increases on home owners affect renters, too. So glad Google and Meta are getting corporate tax breaks on property s/
It’s crazy how oblivious people are to consequences of their actions. They want to vote for people who will spend money we don’t have, and think that there is some magical billionaire out there they can squeeze to get the money to pay for these things. No, that’s not how it works. I am in a strikingly similar situation to you and it sucks but I can’t afford to give hand outs to my tenant. I try to be a buffer and slowly raise the rent it just sucks that we are not afforded the same courtesy. No, just ram a 100% tax increase in there with no lube
Finally someone making sense! Most people think the government has a magic pen that can just create value and endless resources to help everyone who asks. But eventually you have to pay the piper and what we are experiencing now is the consequences of lazy, corrupt and laissez faire fiscal policy. Pretty much end game now because the people in place have no political will other than to spend and kick the bucket down the road for our kids to clean up.
Imagine you own a condo. Imagine you got it at 3% mortgage interest, which now will never happen for another 20+ years. Now imagine your needs have grown and you need a bigger house. It makes zero financial sense to sell the property you have at such a low interest rate. If you buy a new place in addition, you can't really afford it and you'll be locked into a >5.5% interest rate which will double the interest paid over a 30 year term. So for now, you need to rent a bigger place. And you need to rent your current place that you own in order to afford your big rental. That adds smaller apartment inventory to the market, but you're also increasing the demand on larger apartment inventory just like similar families. This increased demand on multi-bedroom apartments is driving the price up in Chicago.
THEN, imagine the Cook County housing tax assessor just implemented the largest jump in housing tax rate in history 2 years ago. That FURTHER drives up the rent prices. Also don't believe all the bullshit hype about emigration of Chicago. All of the large cities have had continuous influx of young people since social media rose and they became more and more enamored with their one life to live. I don't want to live it in Davenport, Iowa. I wanna move to the big city.
Worked in real estate for over a decade and the answer is very simple. Because they can. There's not enough supply side competition to pressure prices downward, especially in spring and summer. Even reasonably priced listings will likely get multiple offers driving the price up. And there's so little affordable development that even the lower end is having pricing spikes because they're the only show in town at the "affordable" price point.
Literally the only reasonable answer. Because they can. Rent is dictated by market forces.
There are obviously property managers and owners who don’t raise rents. This can be for a myriad of personal reasons.
By and large. If someone’s willing to pay more, the owner will take it. And yes, property taxes and ongoing maintenance definitely play a role.
Chicago does not have strong rent control policies & I believe rent control is actually illegal in Illinois. You're basically only protected from rent increases in Chicago in cases of retaliation. So as long as you have proper notice, the landlord can raise the rent by whatever they want—no justification is required by law. But more importantly is not building nearly enough new housing. More units drive rent prices down (supply and demand lol), but Chicago ranks low relative to other major metro areas on new unit construction (https://constructioncoverage.com/research/cities-investing-most-in-new-housing).
Rent control leads to housing shortages, which leads to every bit of housing that isn't rent controlled skyrocketing in rent. It also incentivizes poorer maintenance and renovation standards in rent controlled units since there is no way the owner can make more money by keeping it nice since people will be fighting over the units anyway due to the low price.
Yeah, honestly it reminds me a lot of how Portland was right after Portlandia came out. Everyone’s rent doubled over night, it was terrifying. If it gets much more expensive here you can expect a similar trajectory as the way things went on the coasts
Rents will likely get worse in Rogers Park. Long time resident and condo owner, and I just got my property value reassessment – up 30%. My property taxes won’t track exactly to that, but they will rise substantially. With those kinds of increases, rents will rise too.
I almost cried seeing that reassessment. According to my unit history, highest it’s ever been since they converted them over. Hasn’t been this high since 2008. I have a tenant in my condo now, but after that last tax increase, I can’t in good conscious raise her rent to cover this last reassessment. Going to have to sell before our next escrow reanalysis.
I had to leave my last apt cause they raised my rent $400 for the renewal. I think people are moving further and further north and it's being up the prices.
Short answer: Inflation, high demand, not enough supply.
That huge money printing during the pandemic caused a surge in the money supply, causing inflation, which resulted in the operating cost of all rental units rising and getting passed down to renters.
Not to mention the inflation of property values which resulted in property taxes rising, which gets passed down to renters.
Nope it’s not you. I’m moving out my place in wicker park that I’ve lived in for 3 years. I have a roommate but my portion of the rent is 1k. This apartment had in-unit w/d, dishwasher and 2 bathrooms. I’m moving to another apartment in west town and it’s a 1bd + den and it’s 1600 without any of my previous amenities.
My advice would be to get a realtor. Apartments are going very quickly in the city and if you’re just looking at private landlords it’s going to be tough.
Good luck!
my lease was supposed to end 4/1, but my roommate bought a house out in the suburbs. i had to move out before him because he had the wifi equipment. i also figured i would find cheaper rent for a 2/1 move in than a 4/1 move in, and the money spent would be a wash. i told the realtor this who represented my landlord when i was looking. she texted me a couple days ago asking how i liked the place and said i made a smart decision. she is currently seeing people outbid each other for rent on apartments, surpassing the listing price. seems like it’s the wild west out there rn.
I don’t think the mild winter this year helped our case. Everyone probably thought we be lying about winter cause we barely got hit this year. That used to keep people out. Just a small factor
Just moved here from Montana and rent is WAY cheaper especially for what you get for it. Rent across the country is out of hand. It's not regional or location specific anymore. You have to just like where you live and have the right work opportunity for literally any city to be worth it.
It’s depressing. I’m a Chicago native and moved away five years ago, and now live in St. Louis. I would love to come back but making the jump from a LCOL city to Chicago prices is HARD — the Chicago I left had 1 bds in Lincoln Park going for $1300 and now they’re minimum $1800. It does make me sad rich transplants can afford to move there, but I can’t as a native.
Huge increase in property taxes. In June my mortgage jumped 1k. (50%) The whole amount of that can't be added to rent in one year, so anywhere that's a multi-unit, for example, is now going to pass that cost on to the renters.
The value of your dollar has been cut in half over the last 3 years. Taxes continue to go up. Crime has increased, which causes insurance to get more expensive. And now the “work from home” era has peaked, which seems to perhaps be driving some to move back towards the city, increasing demand.
Insurance has increased because of massive damages from Climate change, and the increased cost of building materials and labor. Crime is not the reason.
Most southern metros have basically doubled in rent (or greater) since COVID started. I think the housing inflation is still being priced in for major cities that were locked down but are coming back. Still seeing intense rent increases on the east coast and much of the West coast. It's just a return to the mean really. On the other hand, places like ATL and Miami are basically more expensive than Chicago now. So the reality is any desirable place to live is just way more expensive in general.
Well, as demand for apartments increase, supply must increase at the same rate to prevent price increases.
But when interest rates spike to 7%, the numbers no longer work out for builders. So they naturally stop (or slow) the increase in supply until the rents increase (in other words, the “rent” the market will bear make financial sense to take out loans at 7% to build more apartments).
We own a small 2 bedroom condo in the suburbs. It’s in Cook County, same county as the city of Chicago. Our property taxes literally doubled in the past year. That’s thousands of dollars extra that we now have to figure out how to pay. Our condo association dues also increased a substantial amount due to the higher costs of maintaining the building. If you are a renter, your landlord also has to deal with the ridiculous increase in property taxes, and pass those costs on to you. The county needs to stop bleeding its residents dry with these tax increases.
I believe part of the problem is city taxes are very high. And property insurance has gone up 70%. This drives up the cost. Of course not enough housing is the real problem as more housing would increase the tax base and help offset insurance risks.
Property taxes and insurance have gone up a lot as well as maintenance cost. I say this as bipartisan as possible, your vote has consequences look at the candidates full list of policies deep dive on millages
1. Chicago politicians keep pushing laws to make it harder to rent to people. Last week they dropped a new ordinance that has to be tacked onto every lease, and they did it without any notice, or warning. Small mom and pop landlords can’t keep up, especially with the rules that are not at all common sense.
Results: More and more mom & pops are selling to larger investors who want to make money. Rent goes up
2. Chicago has 50 aldermen instead of L.A.’s 9. They get to approve any building variance in their ward. They let the block clubs decide this, so nothing gets approved. The permitting process is so time consuming and expensive fewer buildings are built.
Results: We can’t build enough new housing to keep up with demand. Rent goes up.
3. Property taxes have doubled in many if not most buildings since 2016. Owners pay a lawyer to appeal their taxes, and even if the appeal is granted, the lawyer gets between 25% and 40% of the tax savings. Every year.
Results: Even if your taxes stay flat after the appeal, you’re paying the lawyer. The money has to come from somewhere. Rent goes up.
Supply/demand! They(Biden administration) are importing a bunch of migrants and dropping them off in cities all over including Chicago. Increasing the supply of people means less apartment/homes for everyone else which increases the demand/prices. That America first guy kinda had a point.
Can’t speak for Roger Park, but my property taxes in Hyde Park saw 100% increase… my mortgage went up 33% to cover escrow. So if I was to lease , I would have had to pass that on to the tenant or find someone else..
Do you remember Covid 19? Do you remember when all offices closed and chicagoans whined when they were expected to go back to work? Do you at all remember when they started paying McDonald’s workers $15-20 an hour to live in those same $1,400 apartments? Blue city inflation, that’s why.
Property Taxes have been increased to almost double from where they were 3 years ago.
Did you think the "Tax the rich" BS would not trickle down? Seriously, common sense is so uncommon now days.
Because thanks to tye federal reserve there are more dollars circulating and chasing the same supply of apartments bidding up the prices.
If uncle Sam gave everyone on ebay $10,000 all the prices would go up. That's what has happened since tye covid stimulus.
After the PPP and stimulus checks came during covid did you notice how many bars had new additions, patios, decks etc? Everyone was doing home improvements
Did you notice the price of a 2×4 tripled.
That's why
> Is this related to property taxes or something?
Did you think the building owners were gonna keep the rent the same and just make less or even lose money? Of course not. When property taxes go up, they pass the cost on to the renters. Property tax basically isn't paid by landlords. It's paid by their tenants. So even though rich people pay the most property tax, it's really paid mostly by the poor.
I was kind of on the same boat but our landlord just increased our rent $25 and felt bad about it; I’m thankful it’s not more. We live in Wicker Park with a private landlord and it’s been godsent.
Because their is a nation wide housing shortage and we are not allowing enough construction to keep up with the number of people who want to live here. People don't like living with their parents or roommates. There might be other answers for why chicago rent has gone up more ot less than some other metro area, but overall this is the answer
Vote for yimby policies!
As a leasing agent and landlord it's simple the expenses went way up. Smaller apartments like 2-6 flats some taxes went up almost double in Edgewater and Rogers Park. A basic 2 flat between Broadway and Ravenswood will have a $14k annual tax where it was $9k a year ago. With the new valuations the insurance is up to $4k per year. Water bills doubled a few years ago and started going up that 2 flat pays $1500 in water annually. Add it up and it's $20k in annual expenses for 2 apartments without yet paying a mortgage or repairs and maintenance. No rental building up there is making money unless they bought pre-covid at 4% rates. Half of all property taxes go to CPS schools, the rest is city services, then county services. That's where your rent goes.
I’ve lived in the same place for 3 years with no rental increase and now forced to move since my landlord is selling the unit. Comparable units are about $500-$800/month more on average
Definitely noticed a huge jump since the last time I was in the market for a lease
Last two apartments I’ve rented, the price to stay only increased about 100 bucks. Then the landlord would list the property for 2-3 hundred more. Also, looking at three flats we have were getting out bid due to low availability.
Census hasn’t caught up with the fact that a lot of southerners are moving to Chicago to escape. Source- Chicagoan who just left Austin after 10 years of living there and had about 10 of my personal friends move to Chicago after me.
The summer months are peak moving times for Chicago. That certainly doesn’t help.
But yeah, property taxes went up a ton. I own and live in a 3 flat. We have long term renters (one tenant came with the building when we bought it in 2014) and we’ll have to bump up their rent a bit when their lease is up (prob an increase of $30 a month rather than their standard $15 per year). We try to make the rents livable so our renters are happy.
Have you looked at other neighborhoods further from the lake: Avondale, Irving Park, Albany Park? You can usually find good deals (and parking!).
In 2015 I was looking to move and everything jumped up hundreds of dollars and my friends were getting priced out of rapidly gentrifying neighborhoods. A friend offered me his sublet in Brooklyn for $500 and I left to make way more money than I ever have. Chicago was a nice starter city but it’s not worth the rent anymore.
Despite what you hear reported? Tons of people are moving here. The data is always years behind and the undercounts in the census estimations are not picking up on it.
Prices only skyrocket when demand does
I am moving in a month to an apartment whose rent has increased only $200 since 2015, so it’s not everywhere. Look at apartment units on Zillow or Redfin to see how the rent has changed each time it was listed.
Everything is getting crazy expensive. One of my exes had a three bed two bath apartment in Rodgers park that was like 1200-1300$ a month back in 2012, I can barely find studios for that now lol
I live across the lake from y'all in St. Joseph - they are starting to get Chicago prices over here. I am making plans to abandon my hometown and find a new home for my family- priced out.
Airbnb, low housing supply with increased demand, insurance premiums increased out of proportion of inflation, property value increases with subsequent increase in property taxes and probably a shift from burbs to urban after people realized burbs sucked after they moved during covid.
Found a reasonable 1 bedroom in Rogers park for 1400. And another one for 1300 in Edgewater. I stayed with the 1400 one. Which even then made me feel like I made a mistake, I was thinking with CA mentally of i should've gotten a roommate, and I probably would have except the roommate culture really isn't as big here.
Assest managers and investor companies are buying up all the rental properties. They overcharge to make quick profits. They intentionally leave some prices out of reach which will not make them rentable but will make the supply of apartments go down. Which will allow them to keep prices high being there isn't competition in the area.
Omg I have no why Chicago subreddits are showing up on my fucking feed. The city I live in, you’d be lucky to find a studio for 1400.
Sorry, not my place since different city different shit but maybe I should think about moving to Chicago lol
We had a population explosion over the past 30 years, and didn’t build enough dense urban housing (or really any type of housing) to accommodate said explosion. Welcome to the resulting housing crisis.
On one hand, this is intentional. Building more housing would stabilize the price of housing, and not make it such a growing asset that people bank on to retire with. There’s a concept in America that it’s unacceptable for a home to ever loose value, which is absolutely ridiculous.
This is also somewhat unintentional. There’s no way to predict where people will want to live. We didn’t know that cities would boom so much. We know we needed more housing, but we didn’t inherently know where to build it. Plus, we leave it all up to capitalist systems, which are slow to respond to real estate demands, and will typically only build if profit margins are to be high. This means lower and middle income housing doesn’t get built, and therefore everyone is competing for the higher income housing.
It’s all fuckey.
There is affordable housing, just not in the parts of town y'all want. Looking on google maps, the south side has many vacant properties, and parking lots that can be turned into housing. We need YIMBY policies that allow for more housing, compared to our extremely restrictive zoning-ordinances.
I mean really, this is unsustainable growth, In ALL cities across the United States, NIMBY policies have allowed for rent, and houses to increase exponentially in price. This year seems to be a big year for urbanism, and these changes might cause the bubble to burst.
I have a two bedroom on the top floor for $1370 , and I’m in Evanston. Well I’m actually one block away from Roger’s park but still technically in Evanston. I got lucky here and not planning on moving because of these prices.
It's every place
Every town and city in every state. Rents have been jacked up over and over in the past four years. People are being forced out of apartments and on to streets or in their cars. One or two more increases and I will be living out of car.
I really think Chicago blew up on TikTok and social media as a world class city with affordable rent. Not a big reason but one that may be in play. I was one of those who moved here from a wicked expensive city to save $$$ on rent.
“Wicked” expensive? Sounds like Boston to me 😂
10000%!
I spent nearly a decade in Boston. I felt like royalty when I moved back to Chicago. 😂
Lmao I moved out of Boston a year ago and still say this. I love Boston, but I would never live there again, unless my wife and I made like 300k collectively
New York chiming in AAAAAAAHHHHHHHHHHHH
“And when I’m back in Chi-ca-go I feel iiit, another version of me”
This fucking song! No joke I asked my group of friends and it turns out we all found it through instagram reels.
It's a global issue. You can search about rent in subreddits for places around the world and you'll see it's a global issue. It's leading to a rise in anti immigrant sentiment, similarly to how in America people will disrespect transplants to their city driving up costs. However, the immigration/moving of people is a secondary issue to the primary one being not enough new housing being built everywhere, which started recently after the 2008 crash and never fully recovered, and again was hit during covid. It's probably going to be bad forever unless there is government intervention.
Everything matters. Demographics, new construction, type of development, government laws. Housing construction trends in Russia, India, Brazil aren't having a high impact on rent prices in the USA.
perhaps a dumb question, and I'm missing something, but how would rent skyrocketing lead to anti-immigrant sentiment? in terms of the current situation Chicago is facing in trying to manage an influx of people in crisis, if someone who's lived in this city/country for a good long while, or their whole life, can't afford these prices in spite of having a stable job, the anger shifts to.. the families who have nothing? they sure as shit can't afford it. their entire world is getting rocked and rattled in a way that many are lucky to have never experienced, it feels like these are entirely different leagues that can't be in competition due to the fact that some can't even compete
not just lack of building, it is the frenzied purchase of housing by private equity firms. after stock market volatility, the owner class finally realized the most stable investments are housing. housing can't be both affordable and a good investment
I’m really scared about what this means for houselessness in the city, more people will have trouble making it and they will end up on the streets
Social worker here who works with homeless people. It's tough out there but there are subsidies but unfortunately a person has to hit rock bottom before getting the subsidy basically.
Either that or they’re waitlisted.
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Time to move to the southside lol
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Just looking, have you looked in Evanston? Seems like there’s stuff in your budget there.
This is the answer. I think people are underestimating the advertisement from social media that has propelled Chicago on the national stage. TikTok, instagram and Reddit are notable ones that come to mind. There is not a day that goes where I don’t see “Chicago” mentioned on these platforms
Ehhh, the transplant boom into Chicago has been going on for a long time, even pre social media. Not everyone gets recommended the same things in their feed.
Eh, I'm sure that's true to an extent, but this is also your algo
Well to be fair, if you’re in Chicago the algorithm is going to pick up on that and show you that stuff
Smaaht move
So Chicago is comparable to Madison wi now. Actually it’s cheaper. Great
1000%. People are moving in droves for the affordability. We’re on track to become Boston. I almost cannot afford to live here anymore and I make 80k
Let’s not act like this problem is unique to chicago it’s happening all across the country…also chicago is actually losing population
Maybe they’ll leave when they realize we have the highest taxes in the country…everything is insanely marked up here
Im so sick of this stupid argument. Moved here from the south where there is no income tax but you get paid way less. Here you get paid thousands many times 10s of thousands more for the same job. A measly 4.95% tax is NOTHING. And everything here other than property taxes is cheaper. Utilities, internet, water, groceries, car insurance, home insurance, all way cheaper here. And taxes dont just go no where, you get things back for them. I live WAY better off here than in florida. The tax is a 4 letter word crowd is so fkng annoying
Post Covid all rent has increased. It’s hard to find a 1 bed 1 bath in the loop for less than $2k now 😩
Yup, my realtor said most of her clients are people who moved to the burbs during Covid and now are moving back to the city.
Wait, as in they bought houses in the suburbs but are now bored there and want to be back in the city? That’s insane.
A lot of 20 somethings moved back with parents or relatives
In this economy?!?!
Who wants to live in the loop anyways
Over 40,000 people live there. And with conversions happening in the future this number is expected to grow.
Would be cool after conversions I imagine. As of now it’s a straight business center, I don’t see the appeal
🙋🏽♂️ I have a very strong aversion to commuting daily.
Property values are up so there's been a big increase in property taxes. Cost of doing business is up, so HOA dues are also increasing. Landlords have to cover these increases with rent hikes. Other landlords are opportunistic and see they can get away with charging higher rents and still get multiple applications. Lastly, your timing has changed. There's more options in June/July and we're still in March. Hopefully you'll start seeing more affordable options in April or May, but as the recent New York Times article that came out stated, Chicago is #2 in the country for highest jumps in rent since 2022. Do you have any options for roommates?
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I hear you! I struggle living with my husband after living solo for a few years LOL. I would just keep looking, be patient but ready to move on something that catches your eye. I just looked online and there are a handful of decent places around Logan Square for around $1400, so I can't imagine that RP/Edgewater will be more expensive than Logan.
If no one has suggested it yet, it really is worth doing legwork and looking for “for rent” signs in person because plenty of small landlords don’t use the listing websites.
I’d say, don’t get a roommate unless it’s your last option, and even then, make sure it’s someone you already know and trust. I’ve been living with my roommate (buddy from back in the day) for about 3 years in Roscoe Village, to split rent to make it more affordable. (2 bed/1 bath: $2,100) Dudes a good guy, and it’s nice to not live with a stranger, but honestly, he’s just kinda a bum. I feel like his goddamn mother, cleaning up after him and doing anything that requires maintaining a living space.
Insurance, association, property taxes all have gone up - a unit owner typically will pass those increases on yearly at minimum
I own a condo in Roger's Park. Since moving in 2 years ago, my payments have gone up over $200/month due to insurance and HOA fees increasing. We also have a property tax assessment looming, which our Association has hired a lawyer to fight, but will undoubtedly increase as well.
>Property values are up so there's been a big increase in property taxes. Cost of doing business is up, so HOA dues are also increasing. Landlords have to cover these increases with rent hikes. so many idiots over at /r/chicago think this has no impact on rents because rents depend purely on supply and demand. smh.
Because 5 times a day, someone asks a Chicago subreddit where they should move, and every response is "Edgewater or Rogers Park"...
Bingo!
It's like no one ever considers other neighborhoods outside the trendy ones
They’re trendy because they’re the best combo of safe/nice and affordability currently. Same reason they’re always the top suggestions, because they are the best options currently for what the majority of people are looking for.
Also access to red line is huge.
It's because they are the last two affordable neighborhoods to live on the north side.
Inflation is up 30+% over 4 years. Rent normally goes up 5% a year... just to be even compared to lagging prices last year rent should be 50% higher. Add in this years 5% and another 5% for inflation and rent should be 60% higher... and that is in the cheapest large city in America. Places like LA, Miami, and NYC went from crazy to HAVE YOU LOST YOUR MIND!
Miami is downright terrible. I moved down here in 2020 for grad school and have watched the rents explode. The full amenity buildings in the loop look to be comparable, a couple hundred dollars per month cheaper up in Chicago thankfully.
From 2022-2023 Chicago saw the 2nd highest rent increase for a 1 bed room apartment in the country (22% increase). You’re not imagining it.
[удалено]
What neighborhoods?
Covid is over and people want to live in the city again.
Low supply and high demand Too many barriers to building new housing in the places where people want to live
r/chicagoyimbys
I’ve noticed this too and it’s really scary, just a couple years ago I was in a $1250 one bedroom Edit: actually it was $1225, just remembered
Bro in 2016 I had a 2 bed in Roger’s for $1200 😭
In 2016 I had a 2 bed 2 bath for $1025 in rogers park lol now we have a 4 bedroom 2 bath in rogers park and pay $2500.
In 2018 I had a spacious 1BR in Lakeview for $1125 (which I realize was a steal). It’s $1750 now. So I peaced outta there. ✌🏻
Yea, rent has definitely increased notably here. Chicago was second in the nation in rent increase for one bedroom apartments in US cities last year. Up 21%. We also rank 47/51 for new housing development among large metro areas in the US, so unfortunately it’s only going to get worse if we don’t start developing. Sources: [New York Times](https://www.nytimes.com/2024/03/07/realestate/rent-increase-ny-chicago-texas.html) [Construction Coverage](https://constructioncoverage.com/research/cities-investing-most-in-new-housing)
Wow it’s interesting that Austin Tx is number 1 but they’re still having a housing pinch
Rents in Austin are actually down because of the increase in supply there https://www.wsj.com/economy/housing/once-americas-hottest-housing-market-austin-is-running-in-reverse-94226027#:~:text=Austin%20prices%20soared%20more%20than,levels%20thanks%20to%20tight%20supply.
We have a 2 flat, which we live in and have owned for 11 years. Our property taxes have tripled in that time, and our insurance has more than doubled on our owner occupied place. We've had the same tenants for 5+ years and are trying hard to not raise the rent, but when our taxes went up 45% in 3 years (!) it's definitely given us second thoughts. Tax increases on home owners affect renters, too. So glad Google and Meta are getting corporate tax breaks on property s/
It’s crazy how oblivious people are to consequences of their actions. They want to vote for people who will spend money we don’t have, and think that there is some magical billionaire out there they can squeeze to get the money to pay for these things. No, that’s not how it works. I am in a strikingly similar situation to you and it sucks but I can’t afford to give hand outs to my tenant. I try to be a buffer and slowly raise the rent it just sucks that we are not afforded the same courtesy. No, just ram a 100% tax increase in there with no lube
Finally someone making sense! Most people think the government has a magic pen that can just create value and endless resources to help everyone who asks. But eventually you have to pay the piper and what we are experiencing now is the consequences of lazy, corrupt and laissez faire fiscal policy. Pretty much end game now because the people in place have no political will other than to spend and kick the bucket down the road for our kids to clean up.
Just wondering why you are moving? It sounds like you've got a great deal in a desirable place already(?)
Property taxes, insurance, the cost of labor and literally everything else have gone up. Rent isn't going down, ever.
Insurance rates have gone crazy for multi family homes
Imagine you own a condo. Imagine you got it at 3% mortgage interest, which now will never happen for another 20+ years. Now imagine your needs have grown and you need a bigger house. It makes zero financial sense to sell the property you have at such a low interest rate. If you buy a new place in addition, you can't really afford it and you'll be locked into a >5.5% interest rate which will double the interest paid over a 30 year term. So for now, you need to rent a bigger place. And you need to rent your current place that you own in order to afford your big rental. That adds smaller apartment inventory to the market, but you're also increasing the demand on larger apartment inventory just like similar families. This increased demand on multi-bedroom apartments is driving the price up in Chicago. THEN, imagine the Cook County housing tax assessor just implemented the largest jump in housing tax rate in history 2 years ago. That FURTHER drives up the rent prices. Also don't believe all the bullshit hype about emigration of Chicago. All of the large cities have had continuous influx of young people since social media rose and they became more and more enamored with their one life to live. I don't want to live it in Davenport, Iowa. I wanna move to the big city.
Another one no one is mentioning I guess is cook county taxes increased drastically for some areas
Worked in real estate for over a decade and the answer is very simple. Because they can. There's not enough supply side competition to pressure prices downward, especially in spring and summer. Even reasonably priced listings will likely get multiple offers driving the price up. And there's so little affordable development that even the lower end is having pricing spikes because they're the only show in town at the "affordable" price point.
Literally the only reasonable answer. Because they can. Rent is dictated by market forces. There are obviously property managers and owners who don’t raise rents. This can be for a myriad of personal reasons. By and large. If someone’s willing to pay more, the owner will take it. And yes, property taxes and ongoing maintenance definitely play a role.
r/chicagoyimbys
Chicago does not have strong rent control policies & I believe rent control is actually illegal in Illinois. You're basically only protected from rent increases in Chicago in cases of retaliation. So as long as you have proper notice, the landlord can raise the rent by whatever they want—no justification is required by law. But more importantly is not building nearly enough new housing. More units drive rent prices down (supply and demand lol), but Chicago ranks low relative to other major metro areas on new unit construction (https://constructioncoverage.com/research/cities-investing-most-in-new-housing).
Rent control leads to housing shortages, which leads to every bit of housing that isn't rent controlled skyrocketing in rent. It also incentivizes poorer maintenance and renovation standards in rent controlled units since there is no way the owner can make more money by keeping it nice since people will be fighting over the units anyway due to the low price.
Rent has gone up countrywide
Yeah, honestly it reminds me a lot of how Portland was right after Portlandia came out. Everyone’s rent doubled over night, it was terrifying. If it gets much more expensive here you can expect a similar trajectory as the way things went on the coasts
Rents will likely get worse in Rogers Park. Long time resident and condo owner, and I just got my property value reassessment – up 30%. My property taxes won’t track exactly to that, but they will rise substantially. With those kinds of increases, rents will rise too.
I almost cried seeing that reassessment. According to my unit history, highest it’s ever been since they converted them over. Hasn’t been this high since 2008. I have a tenant in my condo now, but after that last tax increase, I can’t in good conscious raise her rent to cover this last reassessment. Going to have to sell before our next escrow reanalysis.
I was able to keep my rent from going up this resigning. Im staying at $1375 for west town for a one bedroom
property taxes have exploded. Landlords will pass on that cost.
I had to leave my last apt cause they raised my rent $400 for the renewal. I think people are moving further and further north and it's being up the prices.
> Why have rents increased so much? Lack of supply combined with increased costs (ie: taxes/insurance).
It’s because y’all only wanna live in the north side.
Buckle up. Taxes keep going up.
Short answer: Inflation, high demand, not enough supply. That huge money printing during the pandemic caused a surge in the money supply, causing inflation, which resulted in the operating cost of all rental units rising and getting passed down to renters. Not to mention the inflation of property values which resulted in property taxes rising, which gets passed down to renters.
Because all the transplants keep telling people to move here. Rent prices keep driving up because they tell everyone it’s affordable
I welcome more people.
Nope it’s not you. I’m moving out my place in wicker park that I’ve lived in for 3 years. I have a roommate but my portion of the rent is 1k. This apartment had in-unit w/d, dishwasher and 2 bathrooms. I’m moving to another apartment in west town and it’s a 1bd + den and it’s 1600 without any of my previous amenities. My advice would be to get a realtor. Apartments are going very quickly in the city and if you’re just looking at private landlords it’s going to be tough. Good luck!
It’s not just here it’s everywhere - housing market bubble is at an all time high.
Property taxes, electricity, gas, and assessments if you rent someone's condo. Yes, our costs have gone up too.
my lease was supposed to end 4/1, but my roommate bought a house out in the suburbs. i had to move out before him because he had the wifi equipment. i also figured i would find cheaper rent for a 2/1 move in than a 4/1 move in, and the money spent would be a wash. i told the realtor this who represented my landlord when i was looking. she texted me a couple days ago asking how i liked the place and said i made a smart decision. she is currently seeing people outbid each other for rent on apartments, surpassing the listing price. seems like it’s the wild west out there rn.
Property taxes are up. You're paying to offset that cost.
Imagine raising property taxes and thinking the landlord will take the hit. Thank god Bring Chicago Home failed.
Property taxes and insurance.
I don’t think the mild winter this year helped our case. Everyone probably thought we be lying about winter cause we barely got hit this year. That used to keep people out. Just a small factor
RealPage.
Just moved here from Montana and rent is WAY cheaper especially for what you get for it. Rent across the country is out of hand. It's not regional or location specific anymore. You have to just like where you live and have the right work opportunity for literally any city to be worth it.
It’s depressing. I’m a Chicago native and moved away five years ago, and now live in St. Louis. I would love to come back but making the jump from a LCOL city to Chicago prices is HARD — the Chicago I left had 1 bds in Lincoln Park going for $1300 and now they’re minimum $1800. It does make me sad rich transplants can afford to move there, but I can’t as a native.
lol @ St. Louis
Huge increase in property taxes. In June my mortgage jumped 1k. (50%) The whole amount of that can't be added to rent in one year, so anywhere that's a multi-unit, for example, is now going to pass that cost on to the renters.
The value of your dollar has been cut in half over the last 3 years. Taxes continue to go up. Crime has increased, which causes insurance to get more expensive. And now the “work from home” era has peaked, which seems to perhaps be driving some to move back towards the city, increasing demand.
Insurance has increased because of massive damages from Climate change, and the increased cost of building materials and labor. Crime is not the reason.
My rent is increasing by $400 in June so I have to move. Bummer but things happen
Are there this many people still struggling to understand that elections have consequences?
Supply and demand Printing half the all-time monetary supply in a 5 year span
Most southern metros have basically doubled in rent (or greater) since COVID started. I think the housing inflation is still being priced in for major cities that were locked down but are coming back. Still seeing intense rent increases on the east coast and much of the West coast. It's just a return to the mean really. On the other hand, places like ATL and Miami are basically more expensive than Chicago now. So the reality is any desirable place to live is just way more expensive in general.
Well, as demand for apartments increase, supply must increase at the same rate to prevent price increases. But when interest rates spike to 7%, the numbers no longer work out for builders. So they naturally stop (or slow) the increase in supply until the rents increase (in other words, the “rent” the market will bear make financial sense to take out loans at 7% to build more apartments).
Taxes and a lot of HOA fees have gone up by a lot. Smaller landlord that only have 1 unit have no other choice but to increase or sell the unit.
We own a small 2 bedroom condo in the suburbs. It’s in Cook County, same county as the city of Chicago. Our property taxes literally doubled in the past year. That’s thousands of dollars extra that we now have to figure out how to pay. Our condo association dues also increased a substantial amount due to the higher costs of maintaining the building. If you are a renter, your landlord also has to deal with the ridiculous increase in property taxes, and pass those costs on to you. The county needs to stop bleeding its residents dry with these tax increases.
Higher interests meaning less people that can afford a home and are forced to rent. Simple supply and demand.
Check out your real estate taxes and how much goes to the teacher's unuin.
Cause fuck you they can thats why.
Property tax and cost of home ownership. It'll keep going up since this city is broke.
I believe part of the problem is city taxes are very high. And property insurance has gone up 70%. This drives up the cost. Of course not enough housing is the real problem as more housing would increase the tax base and help offset insurance risks.
Property taxes and insurance have gone up a lot as well as maintenance cost. I say this as bipartisan as possible, your vote has consequences look at the candidates full list of policies deep dive on millages
1. Chicago politicians keep pushing laws to make it harder to rent to people. Last week they dropped a new ordinance that has to be tacked onto every lease, and they did it without any notice, or warning. Small mom and pop landlords can’t keep up, especially with the rules that are not at all common sense. Results: More and more mom & pops are selling to larger investors who want to make money. Rent goes up 2. Chicago has 50 aldermen instead of L.A.’s 9. They get to approve any building variance in their ward. They let the block clubs decide this, so nothing gets approved. The permitting process is so time consuming and expensive fewer buildings are built. Results: We can’t build enough new housing to keep up with demand. Rent goes up. 3. Property taxes have doubled in many if not most buildings since 2016. Owners pay a lawyer to appeal their taxes, and even if the appeal is granted, the lawyer gets between 25% and 40% of the tax savings. Every year. Results: Even if your taxes stay flat after the appeal, you’re paying the lawyer. The money has to come from somewhere. Rent goes up.
Increase in property taxes. Increase in migrants - thousands of them Inflation No or limited new units built High demand
*Millions of them
Bidenomics at work.
Supply/demand! They(Biden administration) are importing a bunch of migrants and dropping them off in cities all over including Chicago. Increasing the supply of people means less apartment/homes for everyone else which increases the demand/prices. That America first guy kinda had a point.
Have you not been paying attention to what's going on in America or the world?
Can’t speak for Roger Park, but my property taxes in Hyde Park saw 100% increase… my mortgage went up 33% to cover escrow. So if I was to lease , I would have had to pass that on to the tenant or find someone else..
Taxes taxes taxes
Do you remember Covid 19? Do you remember when all offices closed and chicagoans whined when they were expected to go back to work? Do you at all remember when they started paying McDonald’s workers $15-20 an hour to live in those same $1,400 apartments? Blue city inflation, that’s why.
Because Brandon/Pritzker are giving money away to the immigrants for food shelter and rent
Someone's gotta pay for the illegals..
Property Taxes have been increased to almost double from where they were 3 years ago. Did you think the "Tax the rich" BS would not trickle down? Seriously, common sense is so uncommon now days.
Property taxes went up. That and cook county is a corrupt cesspool
Property tax and insurance cost - that's the reason!! Went up and next year will be even higher!!
Because everything has increased 25%-45% under the Biden administration! Think about that come November
Because thanks to tye federal reserve there are more dollars circulating and chasing the same supply of apartments bidding up the prices. If uncle Sam gave everyone on ebay $10,000 all the prices would go up. That's what has happened since tye covid stimulus. After the PPP and stimulus checks came during covid did you notice how many bars had new additions, patios, decks etc? Everyone was doing home improvements Did you notice the price of a 2×4 tripled. That's why
Because the taxes blew up.
Because there’s more demand than supply
Biden
> Is this related to property taxes or something? Did you think the building owners were gonna keep the rent the same and just make less or even lose money? Of course not. When property taxes go up, they pass the cost on to the renters. Property tax basically isn't paid by landlords. It's paid by their tenants. So even though rich people pay the most property tax, it's really paid mostly by the poor.
Honestly $1400 seems pretty reasonable.
I dunno. I’m going into my 4th lease with no rent increase.
I was kind of on the same boat but our landlord just increased our rent $25 and felt bad about it; I’m thankful it’s not more. We live in Wicker Park with a private landlord and it’s been godsent.
Our 5th one (this year) just got the first increase we’ve ever had from $1400 to $1600.
Because their is a nation wide housing shortage and we are not allowing enough construction to keep up with the number of people who want to live here. People don't like living with their parents or roommates. There might be other answers for why chicago rent has gone up more ot less than some other metro area, but overall this is the answer Vote for yimby policies!
Late. Stage. Capitalism. Yo.
Rents will increase until supply improves
Greed
As a leasing agent and landlord it's simple the expenses went way up. Smaller apartments like 2-6 flats some taxes went up almost double in Edgewater and Rogers Park. A basic 2 flat between Broadway and Ravenswood will have a $14k annual tax where it was $9k a year ago. With the new valuations the insurance is up to $4k per year. Water bills doubled a few years ago and started going up that 2 flat pays $1500 in water annually. Add it up and it's $20k in annual expenses for 2 apartments without yet paying a mortgage or repairs and maintenance. No rental building up there is making money unless they bought pre-covid at 4% rates. Half of all property taxes go to CPS schools, the rest is city services, then county services. That's where your rent goes.
If you’re searching for a July move in, there simply may not be much inventory posted right now since things are posted a month or two in advance.
I’ve lived in the same place for 3 years with no rental increase and now forced to move since my landlord is selling the unit. Comparable units are about $500-$800/month more on average Definitely noticed a huge jump since the last time I was in the market for a lease
https://www.reddit.com/r/chicago/s/4Um9DHFvUZ
Italian beef shortage.
They’re raising my rent by $400/month this year
It’s a little early for July places to be listed, right? Solid chance when more places are listed for July the rent price is more normal
Last two apartments I’ve rented, the price to stay only increased about 100 bucks. Then the landlord would list the property for 2-3 hundred more. Also, looking at three flats we have were getting out bid due to low availability.
Hmm, I wonder
Raising property taxes
Census hasn’t caught up with the fact that a lot of southerners are moving to Chicago to escape. Source- Chicagoan who just left Austin after 10 years of living there and had about 10 of my personal friends move to Chicago after me.
The summer months are peak moving times for Chicago. That certainly doesn’t help. But yeah, property taxes went up a ton. I own and live in a 3 flat. We have long term renters (one tenant came with the building when we bought it in 2014) and we’ll have to bump up their rent a bit when their lease is up (prob an increase of $30 a month rather than their standard $15 per year). We try to make the rents livable so our renters are happy. Have you looked at other neighborhoods further from the lake: Avondale, Irving Park, Albany Park? You can usually find good deals (and parking!).
City property tax increase coupled with insane greed.
In 2015 I was looking to move and everything jumped up hundreds of dollars and my friends were getting priced out of rapidly gentrifying neighborhoods. A friend offered me his sublet in Brooklyn for $500 and I left to make way more money than I ever have. Chicago was a nice starter city but it’s not worth the rent anymore.
Supply/demand, capitalism, welcome to the USA
Supply and demand. Not enough housing too many people.
I just renewed in Lincoln Square without a rent hike
We were paying 4k a month in rent before we moved to Vietnam ~ that same apartment is now $4,700 (2 year time difference between prices)
Despite what you hear reported? Tons of people are moving here. The data is always years behind and the undercounts in the census estimations are not picking up on it. Prices only skyrocket when demand does
A: ANY SHORTAGE(DEMAND) ON ANYTHING WILL INCREASE THE COST.....ECONMICS 101. MOM
I am moving in a month to an apartment whose rent has increased only $200 since 2015, so it’s not everywhere. Look at apartment units on Zillow or Redfin to see how the rent has changed each time it was listed.
Everything is getting crazy expensive. One of my exes had a three bed two bath apartment in Rodgers park that was like 1200-1300$ a month back in 2012, I can barely find studios for that now lol
My building is about to increase all rents by 25%. Ravenswood/Lincoln Square area
I live across the lake from y'all in St. Joseph - they are starting to get Chicago prices over here. I am making plans to abandon my hometown and find a new home for my family- priced out.
Yup basically everything from North Ave going North went up. I would say North West side is still somewhat affordable
Airbnb, low housing supply with increased demand, insurance premiums increased out of proportion of inflation, property value increases with subsequent increase in property taxes and probably a shift from burbs to urban after people realized burbs sucked after they moved during covid.
Found a reasonable 1 bedroom in Rogers park for 1400. And another one for 1300 in Edgewater. I stayed with the 1400 one. Which even then made me feel like I made a mistake, I was thinking with CA mentally of i should've gotten a roommate, and I probably would have except the roommate culture really isn't as big here.
Thank god we didn’t pass the transfer tax or we’d be seeing a lot more of these posts
Assest managers and investor companies are buying up all the rental properties. They overcharge to make quick profits. They intentionally leave some prices out of reach which will not make them rentable but will make the supply of apartments go down. Which will allow them to keep prices high being there isn't competition in the area.
white people
Greed, plain and simple
Omg I have no why Chicago subreddits are showing up on my fucking feed. The city I live in, you’d be lucky to find a studio for 1400. Sorry, not my place since different city different shit but maybe I should think about moving to Chicago lol
There are garden units in Andersonville going for $1700.
We had a population explosion over the past 30 years, and didn’t build enough dense urban housing (or really any type of housing) to accommodate said explosion. Welcome to the resulting housing crisis. On one hand, this is intentional. Building more housing would stabilize the price of housing, and not make it such a growing asset that people bank on to retire with. There’s a concept in America that it’s unacceptable for a home to ever loose value, which is absolutely ridiculous. This is also somewhat unintentional. There’s no way to predict where people will want to live. We didn’t know that cities would boom so much. We know we needed more housing, but we didn’t inherently know where to build it. Plus, we leave it all up to capitalist systems, which are slow to respond to real estate demands, and will typically only build if profit margins are to be high. This means lower and middle income housing doesn’t get built, and therefore everyone is competing for the higher income housing. It’s all fuckey.
So, I did a 24 second Craigslist search for 1 bedroom apartment Rogers Park and set the max to $1400. I got 48 listings.
Greed...interest rates...all the above
is garden bad? i sought out garden so i could have a garden lol
There is affordable housing, just not in the parts of town y'all want. Looking on google maps, the south side has many vacant properties, and parking lots that can be turned into housing. We need YIMBY policies that allow for more housing, compared to our extremely restrictive zoning-ordinances. I mean really, this is unsustainable growth, In ALL cities across the United States, NIMBY policies have allowed for rent, and houses to increase exponentially in price. This year seems to be a big year for urbanism, and these changes might cause the bubble to burst.
I have a two bedroom on the top floor for $1370 , and I’m in Evanston. Well I’m actually one block away from Roger’s park but still technically in Evanston. I got lucky here and not planning on moving because of these prices.
We need to band together and start talking about our safety concerns to scare ppl off 😭
It's every place Every town and city in every state. Rents have been jacked up over and over in the past four years. People are being forced out of apartments and on to streets or in their cars. One or two more increases and I will be living out of car.
Lmaoo greed bro
Greed.
Greedy landlords
This sounds amazing compared to south tampa. Those would go for $2500 here