Let’s just put this out there: rents in Chicago are high. But the Windy City has a lot going for it, as its retail, sales and healthcare sectors are booming. Plus, the outer areas of the city are highly accessible by public transport and are often more affordable than the $1224 average rent in prime real estate locations. Therefore, it might be the perfect place for a Gen-Y-er to settle down—if they can handle the city’s brutal winters.
And speaking of brutal, Milwaukee’s housing market was one of the worst in the country in 2010 due to the overdevelopment of its condo market. But Milwaukee’s housing market is now rebounding, and its apartment market is growing.The city expects 700 new units to come on the market in 2012.
Here’s a look at what’s renting in Chicago and Milwaukee this week:
A one bedroom condo is renting in East Hyde Park for $1000/month
Condo features floor-to-ceiling windows and a great lake view.
Condo comes complete with heat and appliances
Doorman building also has a fitness center
A one bedroom plus den is renting for $1495 on Menomonee Street
- Features brick walls and hardwood floors
- Condo has a breakfast bar and in-unit washer/dryer
- Historical style apartment conveniently located in the historic Third Ward area