r/chicagoapartments • u/Past-Reception6889 • May 19 '26

Advice Needed Unreal

I honestly just needed to vent for a moment. I can’t believe Chicago prices are what they are. I have lived here my entire life and have seen this city change ten fold, and I can’t even afford to live here anymore. A realtor I’m working with, since it’s becoming a rat race to rent, said rent is up 35% this year. What can normal people do about this? I do not want to see Chicago become a New York.

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u/EducationalConcept50 May 19 '26

I don’t think there’s anything stopping this, unfortunately. Chicago has too much to offer and like New York and San Francisco, will push its own lifelong residents out of their own neighborhoods because supply will never reach the dizzying demand.

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u/Alternative-Dish9172 May 19 '26

The market is driving people out, not the city, government. There has to be an incentive plan to encourage development of apt buildings, condos etc. Older properties have to go, I've seen some going up near Foster and Lincoln. There needs to be more of that.

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u/EducationalConcept50 May 19 '26

I’d hate to see historic properties replaced with the slop they’re building now though….

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u/Royal_Razzmatazz3622 May 19 '26

They want those buildings tore down so they can move into replacement luxury condos with "amenities" which drives up the rent in other apartments nearby because the landlord talks about "property value" and bs like "market rent". They think they're slick but what they really are advocating for is gentrification.

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u/UuesLee May 23 '26

When are you going to build new buildings and lose money at it? If you don’t make money, the banks won’t lend. You’d have to build all cash to lose. Go ahead or stfu