If you’re looking for a rental in Chicago, the price you pay may depend on what time of year you do your search. According to a recent report from Renthop, Chicago rental prices peak in the fall.
While rent prices in Chicago are often the highest in September and October, you may be able to get a better deal. Prices in the Windy City typically tend to dip the most in March and April. According to Renthop that may be tied to the city’s typically cold winters.
The apartment ranking website looked at ten of the nation’s most populous cities and found Chicago had some of the biggest shifts in rental prices tied to the season, particularly in terms of two-bedroom apartments. It could mean shelling out an extra $176 per month. When it comes to one-bedrooms, Chicago ranked second behind New York. That’s a swing of about $80 per month, depending on the season.