Short Term Apartment Rentals in Chicago – A Brief Guide

by | Jul 23, 2015 | Real Estate

Top Of The List



If you have to stay in Chicago for the next few months, you should start looking at short term apartment rentals in Chicago. Many private companies and real estate agencies offer short term rentals for visiting customers. The duration of the agreement usually varies between three to six months. This is a great option for people who don’t want to draft a year-long agreement. However, you should know that there’s a major distinction between short term apartment rentals and proper house rentals. Here is a brief guide that will help you get the maximum value for your money:

Luxury Apartments
Many companies maintain luxury apartments and give them up for rent for short-term durations. These apartments are fully furnished and usually come with a number of amenities that you won’t get elsewhere. For instance, you might get a fully furnished 2 bedroom apartment with a built-in hot tub. Some apartments also come with a proper swimming pool.

Obviously, the prices vary depending upon the number of amenities on offer. How much can you afford to pay? Remember, if you are looking for short term apartment rentals, you need not pay over the top. However, if you really want to live in style, renting a luxury apartment is a great idea. While they may be more expensive, living in a luxury apartment is going to be one of the best experiences of your life.

What You Should Know about Short Term Rentals
One thing that you should know about renting an apartment for the short term is that the rent is going to be much higher than if you would rent it for a year or so. Usually, landlords want security that they will continue to receive payments for at least the next year. That is one of the main reasons why so many short term apartment rentals are maintained and rented out by private companies.

If you are looking to rent an apartment for the short term, be very careful. You don’t need to sink a lot of money on the maintenance costs. Ask about the monthly maintenance costs from the neighbors before you finalize the agreement. Also, think about whether you really want all this luxury.

If you are visiting Chicago on a business trip and your employer has agreed to pay your rent, get a luxury rental apartment! However, if you are going to have to pay the rent yourself, do carry out a cost-benefit analysis first. Do you really need a swimming pool in the house? These are just some of the many factors that you should consider when looking at apartments for the short term.