Best Apartment Specials in Chicago, IL
What rent specials are currently happening in Chicago?
As Chicago’s rental market continues to evolve, understanding the latest trends can be crucial for prospective renters. This post, updated weekly, aims to highlight the most attractive rental deals across the city, providing insights and top specials for those actively searching for their next apartment.
Last updated: October 15, 2025 at 11:37 AM PDT
What types of rent specials should I look for in Chicago?
Rent specials can significantly affect the overall cost of renting an apartment. Here are some common types you might encounter in Chicago:
- “1 month free” – Reduces overall lease cost, effectively lowering monthly rent when prorated.
- “Reduced move-in fees” – Decreases initial costs, making moving less financially burdensome.
- “Gift cards or cash back” – Offers additional incentives, though may require commitments like longer lease terms.
- “Reduced deposit” – Lowers the upfront security deposit required, helpful for budgeting.
- “No application fee” – Saves on the application process cost.
- “Utility specials” – Includes utilities in the rent for added convenience and savings.
- “Parking discounts” – Offers reduced rates or free parking, a significant perk in urban areas.
- “Pet fee waivers” – Removes or reduces fees for pet owners.
- “Refer-a-friend credits” – Provides credits or discounts when current tenants refer new renters.
- “Flexible lease terms” – Allows for shorter leases without the premium price, offering more flexibility.
When is the best time to find a rent deal in Chicago?
When is the best time to rent in Chicago?
The best time to find rent specials in Chicago is typically during the winter months (November through February) when demand is lower. Conversely, the summer months see higher demand and fewer deals. For weekly timing, start your search early in the week when new listings are posted.
Tips on acting quickly:
- Set up alerts on rental platforms to receive immediate notifications of new deals.
- Have your documents and application details ready to move quickly when you find a special.
- Visit apartments early in the listing period and express your interest immediately.
Which neighborhoods in Chicago have the most rent specials right now?
Here’s a snapshot of where you’ll find the most specials, by neighborhood:
| Neighborhood | Listings |
|---|---|
| Downtown Chicago | 21 |
| West Side | 19 |
| Far North Side | 13 |
| South Loop | 13 |
| North Side | 13 |
| Near North Side | 7 |
| Lincoln Park | 6 |
| The Loop | 3 |
| Logan Square | 3 |
| Near South Side | 2 |
What are the top 5 apartment specials in Chicago this week?
Here are the top 5 deals based on discount, location, and amenities, in order from best to least:
-
Wave Lakeview
420 W Belmont Ave, Chicago, IL 60657
Studio - 2 beds | $2,033 - $3,501
Exceptional savings on the first month’s rent at a prime location.
“Now offering up to $1000 off your first month of rent - Call For Details!” -
Grand Plaza
540 N State St, Chicago, IL 60654
Studio - 2 beds | $2,169 - $4,071
Rebate on administrative fees for quick applicants.
“Apply within 48 hours of your initial tour of a select residence and get your $450 admin fee credited. Restrictions apply. Contact us for details.” -
The Reed
234 West Polk Street, Chicago, IL 60607
Studio - 2 beds | $2,353 - $4,253
One month free on select floorplans, enhancing affordability.
“Rent today and receive up to one month free on select floorplans! *Restrictions May Apply” -
Logan
2522 N Milwaukee Ave, Chicago, IL 60647
Studio - 2 beds | $1,985 - $3,512
One month free to boost your budget in a sought-after location.
“Get ONE MONTH FREE on select apartments! Schedule a tour before this deal is gone! *T&C Apply” -
Flora
1114 West Carroll Avenue, Chicago, IL 60607
Studio - 3 beds | $2,425 - $16,014
A month of rent waived on a variety of apartment types.
“Up to One Month Free on Studio, 1BR, 2BR, and 3BR Residences Restrictions apply, contact the leasing office for details.”
Need more help finding deals? Check back weekly for updated specials or explore more listings across Chicago.
