Chicago 2 Bedroom Apartments Under $700: Your Options

Finding Affordable 2-Bedroom Apartments in Chicago

Are you searching for a 2-bedroom apartment in Chicago without breaking the bank? It's definitely possible to find affordable options, even in a vibrant city like Chicago. While $700 might be a tight budget, let's explore strategies and neighborhoods where you might find a suitable place. This guide will provide insights into finding apartments, understanding market prices, and exploring your options.

Understanding the Chicago Rental Market

Chicago's rental market is diverse, with prices varying significantly depending on the neighborhood, amenities, and apartment size. To set realistic expectations, let's look at the general price ranges: — First Friday Canton, OH: Art, Music & Events Guide

• Studio Apartments: Typically range from $1,000 to $1,500 per month.
• 1-Bedroom Apartments: Often fall between $1,400 and $2,000 per month.
• 2-Bedroom Apartments: Generally start around $1,800 and can go upwards of $3,000+ in prime locations.

Finding a 2-bedroom apartment for $700 in Chicago is challenging, but not impossible. It requires focusing on specific strategies and being open to certain trade-offs.

Strategies to Find Affordable Apartments

1. Expand Your Neighborhood Search: Focus on neighborhoods further from downtown and the lakefront.
2. Consider Suburbs: Explore suburban areas with good public transportation links to the city.
3. Look for Older Buildings: These often have lower rents than newly constructed properties.
4. Be Open to Renting with Roommates: Sharing a 2-bedroom apartment with a roommate significantly reduces individual costs.
5. Check for Income-Restricted Housing: Some buildings offer below-market rents to eligible tenants.

Neighborhoods to Explore

While finding a 2-bedroom for $700 is tough, here are areas where you might find more affordable options or deals, particularly when sharing with a roommate:

• South Side Neighborhoods: Auburn Gresham, South Shore, and Roseland might have lower rents.
• Far North Side Neighborhoods: Rogers Park and Edgewater can offer more affordable options compared to downtown.
• West Side Neighborhoods: Some parts of Austin and Humboldt Park could have more budget-friendly apartments.

Utilizing Online Resources

• Apartment Listing Websites: Use sites like Zillow, Apartments.com, and Trulia. Filter your search by price range and number of bedrooms.
• Craigslist: Be cautious and verify listings, but it can sometimes offer deals from individual landlords.
• Social Media and Community Groups: Join local Facebook groups or online forums where people share apartment listings and roommate opportunities.

Important Factors to Consider

• Transportation: Factor in commuting costs and time if you're looking at neighborhoods further from your workplace or school.
• Safety: Research crime rates and neighborhood safety before committing to a lease.
• Amenities: Consider what amenities are essential to you. Buildings with fewer amenities often have lower rents.
• Lease Terms: Understand the lease terms, including the security deposit, pet fees, and any additional charges.

Frequently Asked Questions (FAQs)

Is it realistic to find a 2-bedroom apartment in Chicago for $700?

It is highly challenging, especially without a roommate. However, it's possible if you're open to specific neighborhoods, older buildings, and potentially income-restricted housing.

What are the cheapest neighborhoods in Chicago to rent an apartment?

Neighborhoods on the South Side and Far North Side tend to have lower rents. Specific areas like Auburn Gresham, South Shore, Roseland, and Rogers Park can be more affordable. — West End, NC Weather: Current Conditions & Forecast

How can I increase my chances of finding an affordable apartment?

• Be proactive in your search.
• Contact landlords directly.
• Be prepared to act quickly when you find a suitable listing.
• Consider renting with a roommate.

What should I look for when viewing an apartment?

• Check the condition of the apartment, including appliances and fixtures.
• Ask about utilities and included services.
• Assess the safety and security features of the building.
• Meet the landlord or property manager if possible.

Are there any resources for low-income renters in Chicago?

Yes, there are various programs and resources, including the Chicago Low-Income Housing Trust Fund and the Housing Choice Voucher Program (Section 8).

Conclusion

Finding a 2-bedroom apartment for rent in Chicago for $700 is a difficult task that requires a strategic approach. Expanding your search radius, considering older buildings, and exploring roommate options can significantly improve your chances. Utilize online resources, be proactive in your search, and thoroughly research neighborhoods to find a place that fits your budget and needs. Remember to stay informed and adaptable, and you'll be one step closer to securing an affordable home in Chicago. — Where To See The Northern Lights Tonight