Greystar
Verified
Greystar is a global real estate company specializing in the investment, development, and management of multifamily and rental housing.
Companies offering Apartments For Rent in Chicago, IL, United States
Looking for apartments for rent in Chicago, IL?
Showing 29 companies
RPM Living
Verified
RPM Living is a full-service multifamily firm managing 225,000+ units with a data-driven and hands-on approach.
The Dinerstein Companies
The Dinerstein Companies is a Houston-based real estate firm specializing in multifamily, student housing, development, and property management.
Marquette Management
Marquette Management is a Naperville, Illinois-based property management company specializing in multifamily residential properties.
TLC Management
TLC Management Company is a Chicago-based residential property management firm that owns and operates more than 30 apartment communities.
Mac Properties
Mac Properties is a U.S. residential property management company that builds, renovates, and manages rental apartments in three cities.
Red Tail Residential
Red Tail Residential is a U.S. property management company managing multifamily apartment communities across 24 states and multiple markets.
Avanath Capital Management
Avanath Capital Management is a U.S. real estate investment firm specializing in affordable, workforce, and value-oriented multifamily housing.
Planned Property Management
Planned Property Management is a Chicago-based residential property management company owning and operating more than 4,000 apartments.
STYL Residential
STYL Residential is a U.S. multifamily property management company managing apartment communities across multiple residential markets.
Beztak
Beztak is a U.S. real estate company involved in development, investment, construction, and property management of diverse properties.
Arqline
Arqline is a U.S. property management company providing multifamily and build-to-rent management services across multiple markets.
Market Snapshot
Average Price: $1,500 – $2,400 per month (varies by neighborhood, unit size, and amenities)
Price Trend: Stable
Demand Level: High
Key Stats
- Typical Lease Length: 12 months
- Security Deposit: Often equal to 1 month’s rent (some buildings offer deposit alternatives)
- Popular Unit Types: Studios, 1-bedroom, 2-bedroom
- Peak Rental Season: Late spring to early fall
Neighborhood Highlights
- The Loop: Chicago’s central business district, offering modern high-rise apartments close to offices, transit hubs, and cultural landmarks.
- River North: Known for upscale apartments, dining, galleries, and nightlife, with easy access to downtown and the riverwalk.
- Lincoln Park: A popular residential area with tree-lined streets, parks, schools, and a mix of vintage and newer apartment buildings.
- Lakeview: A lively neighborhood near Lake Michigan, known for entertainment, dining, and a wide selection of mid-priced rentals.
- Hyde Park: Home to the University of Chicago, featuring historic architecture, cultural institutions, and relatively more affordable apartments.
Amenities
- Parks
- Public Transport
- Schools
- Shopping
- Nightlife
Tips for Renters in Chicago
Chicago’s apartment market moves quickly, especially in desirable neighborhoods and near transit lines. Start your search at least 30–60 days before your intended move-in date, and have documents ready, such as proof of income, photo ID, and references.
Pay close attention to building type and heating costs—some older buildings include heat in the rent, which can significantly reduce winter expenses. Also, review lease terms carefully, especially regarding move-in fees, pet policies, and renewal clauses, as these can vary widely between property managers.
Transportation & Accessibility
Closest Transit Lines: CTA Red Line, Blue Line, Brown Line, Green Line, Orange Line, Purple Line (plus extensive bus routes)
Average Commute: 35 minutes minutes
Walkability Score: 77 / 100 (Very Walkable)
Bike Score: 72 / 100 (Bike-Friendly)
Rental Laws
Chicago follows Illinois landlord-tenant law, with additional city-level tenant protections. These include rules around security deposit handling, notice requirements, and habitability standards. Landlords must provide proper disclosures and maintain rental units in safe, livable condition.
Short-Term Rules
Short-term rentals (such as stays under 30 days) are regulated separately and typically do not apply to standard apartment leases.
Seasonal Advice
January – February
Lower competition and more negotiating power, but fewer listings available.
March – April
Inventory begins to increase as spring approaches—good time to start actively touring.
May – August
Peak rental season with the most listings, but higher competition and faster decision-making required.
September – October
Balanced period with moderate pricing and still-good availability.
November – December
Slower market with potential deals, though choices may be limited.
Frequently Asked Questions
Average rents typically range from $1,500 to $2,400 per month, depending on neighborhood, unit size, and building amenities.
Some apartments include heat and water, especially in older buildings, while others require tenants to pay all utilities separately.
Yes. Chicago has an extensive CTA train and bus system, and many apartments are located within walking distance of transit stops.
Most landlords prefer fair to good credit, but requirements vary. Some companies offer alternatives such as co-signers or higher deposits.
Late fall and winter often offer better pricing, while spring and summer provide the widest selection of available apartments.