No Need to Buy, Rent a New Condo in Chicago


In Chicago, what some are calling a renter's market seems to be ripening into a renter's dream.

As a result of the over-expanded condo market and the ensuing economic downturn, a handful of the city's recently-constructed condominium buildings are switching to rentals. For prospective renters, this means snatching up brand new, never-lived-in condos straight from the developer.

In desirable Loop locales, these pads tout top-notch finishes such as gourmet kitchens, private terraces, and Italian cabinetry at competitive prices. In fact, many of the rental prices for these new condo units fall within the range of what most Chicagoans pay each month.

According to the online renting community,, the average rent for a one-bedroom apartment in Chicago ranges from $1,722 to $1,967.

Some buildings are even including indoor, heated parking, which is the biggest luxury of all in a city where zero degree days and inches of snow are the norm.

Want to know where to sign? To see where you can lease your first apartment with hardwood floors, Kohler bathroom accessories and granite counters, read on.