Chicago’s rental market is stabilizing but seeing some of the fastest price increases in the US – Chicago Tribune/MSN

Rents in Chicago increased 1.7% in April compared with a 0.5% increase nationwide, placing the city in fifth place for fastest month-over-month rent growth among the 100 largest cities in the country, according to data from Apartment List. The same data shows Chicago’s year-over-year rent growth is at 5.2%, a drop from the nearly 12% year-over-year increase at this time last year. This number is nearly 6% year-over-year for Illinois in April 2023.
1 Comment
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
debtsor
1 year ago

These are the non-Venezuelan illegal migrants renting up all cheap apartments leaving fewer affordable options for the natives. The end result is simple economics: supply and demand.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check all you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Gov. Pritzker is using the threat of budget cuts to get more tax hikes passed – Wirepoints joins Tom Miller of WJPF Carbondale

Ted joined Tom Miller of WJPF to talk about the details of Gov. Pritzker’s proposed $52 billion budget, why the state is struggling now that federal covid dollars have run out, the controversy surrounding Tier 2 government pensions, why Illinois’ expensive education system fails to teach children to read, the outrageous demands of the Chicago Teachers Union, and more.

Read More »

Public education staffing has ballooned over the years…yet kids still can’t read – Wirepoints on with Jeff Daly of WZUS Decatur Radio

Ted joined Jeff Daly to discuss how politicians can never spend enough on education despite there being no accountability for that spending, the growth of education staffing across Illinois, Mayor Brandon Johnson’s $1 billion demand for Chicago schools, why Gov. Pritzker is providing $830 million in taxpayer subsidies to struggling EV carmaker Rivian, and more.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE