If you are moving this month in Chicago, you’re not alone. The summer months are a popular time to sign a new lease and move into a new place. Local real estate broker Andy Svalesen shares apartment hunting tips.
First, Where Should You Live?
Svalesen says consider where you spend most of your time, your budget, and public transportation access.
- Check out South Loop, Hyde Park, Bronzeville, or Pilsen if you’re in your late 20s and early 30s
- Belmont Cragin, Portage Park, Jefferson Park, or Forest Glen are family friendly.
Before You Hunt For Your Apartment …
Everyone and their mom is on Zillow, which means you should diversify where you’re looking for an apartment. Consider working with a broker! Not only do they have access to more listings, landlords almost always pay their commission.
Determining if an apartment is reasonably priced is hard. Svalesen says $2 a square foot is “golden.” That means an 800-square-foot apartment for $1,600 is a good deal in his books.
In this market, you’re going to want to start your search early.
While Touring Apartments
If all looks good, apply right then and there. Not only do you want to indicate you’re an easy tenant, but you want to get your application in early.
One red flag? High application fees. A normal range is between $25 and $85, so if your prospective landlord is charging $200, you might want to reconsider.
