by zameeninfo.com
Finding a shared apartment in Chicago can be a smart and cost-effective solution for working professionals. Whether you’re relocating to the Windy City for a new job or seeking to lower your living expenses while maintaining a comfortable lifestyle, shared living offers flexibility, affordability, and community. In this comprehensive guide, we explore the best neighborhoods, rental tips, types of apartments, and everything else professionals need to know when searching for a shared apartment in Chicago.
Thank you for reading this post, don't forget to subscribe!Why Choose a Shared Apartment in Chicago?
The cost of living in shared apartment in Chicago continues to rise, particularly in popular downtown areas. For working professionals, choosing a shared apartment in Chicago offers several key benefits:
- Lower monthly rent by splitting costs
- Access to better neighborhoods and buildings
- Built-in community and social interaction
- Flexible lease options for transient work arrangements
Whether you work in finance, healthcare, tech, or the service industry, shared apartments in Chicago are practical and appealing to a wide demographic of young adults.
Best Neighborhoods to Find a Shared Apartment in Chicago
1. Lincoln Park: A Classic Choice for Professionals
Lincoln Park combines tree-lined streets, upscale restaurants, and lakefront views with excellent access to public transportation. Many professionals opt for a shared apartment in Chicago’s Lincoln Park to enjoy the balance of convenience and quality of life.
2. Lakeview: Social and Well-Connected
Lakeview is known for its vibrant nightlife, Wrigley Field, and access to the Red and Brown Lines. It’s a popular choice for those in creative fields and startups. Shared apartments here often include vintage walk-ups and modern high-rises.
3. West Loop: Modern and Upscale
The West Loop has transformed from industrial warehouses into one of Chicago’s trendiest areas. With Google’s Midwest HQ and other tech firms nearby, many professionals look for a shared apartment in Chicago’s West Loop to stay close to work and enjoy top-tier dining.
4. Logan Square: Artistic and Affordable
Logan Square offers a creative, diverse vibe with more affordable rent than downtown neighborhoods. It’s ideal for professionals who want to maintain a budget without compromising on culture.
5. Wicker Park and Bucktown: Trendy and Accessible
Wicker Park and Bucktown remain hotspots for renters. These areas offer modern lofts, walkable streets, and a strong sense of community. Many shared apartment setups are designed for co-living professionals.
Types of Shared Apartments in Chicago
Traditional Roommates in Multi-Bedroom Units
The most common setup is two to four working professionals sharing a multi-bedroom apartment. Each tenant typically has a private bedroom and shares common spaces like the kitchen, living room, and bathroom.
Co-Living Spaces
Co-living is a modern form of shared housing that offers fully furnished spaces with utilities, Wi-Fi, and cleaning services included. These are ideal for professionals who want turnkey living with minimal hassle.
Short-Term Sublets
Professionals on short-term assignments or contracts may consider subletting a room in an existing apartment. This flexible option allows you to avoid long leases and upfront commitments.
Cost Breakdown: What You Can Expect to Pay
The average cost of a shared apartment in Chicago varies based on location and amenities. Here’s a general guide:
- Downtown & West Loop: $1,200–$1,800/month per room
- Lincoln Park/Lakeview: $900–$1,400/month per room
- Logan Square/Wicker Park: $700–$1,200/month per room
- South Side/Bronzeville: $600–$1,000/month per room
Rent typically includes water and garbage services, but electricity, internet, and gas may be shared separately.
What to Look for When Renting a Shared Apartment in Chicago
Lease Terms and Flexibility
Make sure the lease terms match your job situation. Month-to-month or 6-month leases are often available in co-living spaces, while traditional apartments usually require 12-month agreements.
Compatibility with Roommates
Consider age, work hours, cleanliness, and lifestyle habits. Meet with potential roommates in advance if possible.
Safety and Security
Opt for buildings with security features like locked entryways, surveillance cameras, and secure mailrooms. Prioritize areas with low crime rates and active community engagement.
Amenities and Extras
Check for in-unit laundry, furnished spaces, rooftop decks, and fitness centers. Many shared apartments now include these perks to attract working professionals.
How to Find a Shared Apartment in Chicago
Online Rental Platforms
Websites like Zillow, Apartments.com, and HotPads offer detailed listings. Filter results by room rental or co-living.
Facebook Housing Groups
Search local housing groups where individuals post room openings. These platforms often offer faster responses and less competition.
Roommate Matching Services
Websites like Roomi and SpareRoom help connect renters based on budget, location, and lifestyle preferences.
Employer Relocation Resources
Check if your employer offers relocation support or housing partnerships. Some companies maintain shared apartment options for new hires.
Legal Considerations
- Lease Agreement: Always sign a lease, even if you’re subletting a room.
- Security Deposit: Ensure it’s protected by Illinois law.
- Tenant Rights: Know your rights under Chicago’s Residential Landlord and Tenant Ordinance (RLTO).
Tips for a Smooth Living Experience
- Set clear boundaries and responsibilities from the start
- Use apps like Splitwise to manage bills fairly
- Respect shared spaces and communicate openly
- Regularly check in to address any issues
Advantages of Shared Apartment Living for Professionals
- Lower living costs allow professionals to save or invest
- Location flexibility gives access to high-demand areas
- Built-in social network helps newcomers settle quickly
- Reduced responsibility for household management
Seasonal Trends in the Chicago Rental Market
Peak rental season in Chicago runs from May to August, so start searching early. Winter months offer better deals and reduced competition.
Renting Near Work Hubs
If your office is located in downtown Chicago, the Loop, or River North, neighborhoods like West Loop and Streeterville provide easy commutes. Tech professionals working remotely may prefer more residential areas like Ravenswood or Andersonville.
Utilities and Expenses to Consider
Shared apartments often split monthly bills, including:
- Electricity: $30–$50/month
- Internet: $20–$40/month
- Gas/Heat: $30–$80/month (seasonal)
Clarify how these are divided before moving in.
Furnished vs. Unfurnished Shared Apartments
Furnished apartments appeal to short-term renters and those relocating from out of state. Most co-living companies offer fully equipped kitchens, beds, and even linens. If you’re renting an unfurnished space, be prepared to invest in basic furniture or coordinate with roommates.
Suburban Alternatives for Commuters
For professionals working in downtown but seeking more space or lower costs, consider shared apartments in suburbs like Evanston, Oak Park, or Forest Park. These areas offer easy train access via the CTA or Metra systems.
Real Estate Investment Angle
Sharing a home isn’t just for renters—investors also benefit. If you’re considering buying and renting out rooms in a shared setting, Chicago’s zoning laws and tenant protections are key to understand. Check our guide: Charming Chico Home for Sale
Compare with Other Rental Markets
Planning to explore other cities? Here’s how Chicago compares:
Each city has unique rental rules, prices, and expectations, making these comparisons valuable.
Final Thoughts
Renting a shared apartment in Chicago gives working professionals a practical way to enjoy the city’s amenities while staying within budget. With a variety of neighborhoods, flexible lease options, and roommate matching tools, Chicago makes shared living both accessible and appealing.
Start early, define your priorities, and don’t be afraid to explore lesser-known neighborhoods. From the trendy West Loop to creative Logan Square, the right shared apartment in Chicago is waiting for you.
FAQs
Q: What is the average rent for a shared apartment in Chicago?
Depending on the neighborhood, rent typically ranges from $700 to $1,800 per room per month.
Q: Are utilities usually included in shared apartments?
Sometimes. In co-living spaces, they are usually included. In traditional shared apartments, tenants often split the bills.
Q: Is it safe to rent a room in Chicago?
Yes, especially in neighborhoods like Lincoln Park, West Loop, and Lakeview. Always check safety ratings.
Q: How do I find roommates in Chicago?
Try using platforms like SpareRoom, Roomi, Facebook housing groups, or local community boards.
Q: Can I find furnished shared apartments in Chicago?
Yes. Many co-living providers and sublets offer fully furnished units.
Q: Are there short-term lease options available?
Yes, especially in co-living spaces or sublets. These are ideal for consultants, interns, or contract workers.
Q: What is co-living and how is it different from traditional shared housing?
Co-living offers all-inclusive amenities, fully furnished spaces, and flexible leases—great for professionals who value convenience.
