Price
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Rent in Chicago can be expensive depending on the neighborhood you choose. A good tip is to never spend more than one-third to one-fourth of your monthly income on rent. One way to cut down on costs is to have roommates. Some rental properties also include heat, water and electricity, which may help you cut down on your monthly costs.
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Management companies and apartment owners tend to charge more rent depending on the time of year. For instance, September is the beginning of the school year and rental prices rise during that time. You may want to look into renting before the school year begins. Also, it's a good idea to determine how many units in a property are for rent. If there are several units available, the manager may be willing to lower rental prices.
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Before renting, ask the management company or owner for a copy of the past year's utility bills so you have some idea how much to budget for those costs.
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