• Breaking News
  • U.S. News
  • Contact
  • View Print Edition
    • CL Digital
  • Subscribe
Saturday, January 28, 2023
  • Login
No Result
View All Result
Advertise with us
The Chicago Leader
Donate Now
  • Home
    • Events
    • Subscribe to the print newspaper
    • Scavenger Hunt Contest
    • Download Media Kit PDF
    • Ad submission
    • Sponsors
  • World
    New Laws

    New Laws Begin Next Year in Illinois

    Real Issues

    Real Issues in the K-Pop Industry

    China

    China Protests Against COVID and Lack of Freedom

    Trending Tags

    • Breaking News
    • Health
    • Coronavirus
    • coronavirus pandemic
  • U.S. News
    • All
    • Black History
    • Chicago
    • Illinois
    Lakesia

    Lakesia Collins the Superhero of the West Side

    youth

    AMBER-ALERT Missing Youth in Chicago

    Lightfoot

    The Lightfoot Campaign Might Be Investigated

    Trending Tags

    • U.S.
    • U.S. Census
    • Politics
  • Business
    • All
    • Jobs
    Phalanx

    January’s Letter From Phalanx Family Services’ CEO

    Chicago

    Chicago Is Home to Restaurant’s With High-Grossing in All America

    Tre'byen

    Branding With Tre’byen Sets New Standards

    Trending Tags

    • Wall Street
    • Trump
    • Bankruptcy
    • Federal Reserve Bank
  • Technology
  • Entertainment
    • All
    • Arts
    • Book Review
    • Chicago Film Office
    • Gaming
    • Movie
    • Music
    • Review
    renner

    Jeremy Renner Receives Love From Fans After Tragic Snowplow Accident

    avatar

    ‘Avatar 2’ Crosses $1 Billion Mark at Global Box Office

    White

    Earth, Wind & Fire Drummer, Fred White, Dies at 67

    Trending Tags

    • Movies
    • marvel movies
    • Dancing
  • Sports
  • Science
    • All
    • CBD
    • Climate
    • Marijuana
    Exoplanet

    Exoplanet 55 Cancri E Has 17.5 Hour Year

    Dangers

    Dangers of Smoking Tobacco

    Breast Cancer

    Breast Cancer Awareness Month Is in October

    Trending Tags

    • UFO
    • Coronavirus
    • Novel coronavirus
    • coronavirus pandemic
    • NASA
    • scientists
  • Health
    • All
    • COVID-19
    • Faith
    • food
    • homeopathy
    • mental health
    • prostate
    Procrastination

    The Truth About Procrastination

    ADHD

    Those With ADHD or ASD Are More Likely to Suffer Anxiety, Depression

    COVID

    CPS Asks Students to Take COVID Test Before Returning

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • English
  • Spanish
  • Home
    • Events
    • Subscribe to the print newspaper
    • Scavenger Hunt Contest
    • Download Media Kit PDF
    • Ad submission
    • Sponsors
  • World
    New Laws

    New Laws Begin Next Year in Illinois

    Real Issues

    Real Issues in the K-Pop Industry

    China

    China Protests Against COVID and Lack of Freedom

    Trending Tags

    • Breaking News
    • Health
    • Coronavirus
    • coronavirus pandemic
  • U.S. News
    • All
    • Black History
    • Chicago
    • Illinois
    Lakesia

    Lakesia Collins the Superhero of the West Side

    youth

    AMBER-ALERT Missing Youth in Chicago

    Lightfoot

    The Lightfoot Campaign Might Be Investigated

    Trending Tags

    • U.S.
    • U.S. Census
    • Politics
  • Business
    • All
    • Jobs
    Phalanx

    January’s Letter From Phalanx Family Services’ CEO

    Chicago

    Chicago Is Home to Restaurant’s With High-Grossing in All America

    Tre'byen

    Branding With Tre’byen Sets New Standards

    Trending Tags

    • Wall Street
    • Trump
    • Bankruptcy
    • Federal Reserve Bank
  • Technology
  • Entertainment
    • All
    • Arts
    • Book Review
    • Chicago Film Office
    • Gaming
    • Movie
    • Music
    • Review
    renner

    Jeremy Renner Receives Love From Fans After Tragic Snowplow Accident

    avatar

    ‘Avatar 2’ Crosses $1 Billion Mark at Global Box Office

    White

    Earth, Wind & Fire Drummer, Fred White, Dies at 67

    Trending Tags

    • Movies
    • marvel movies
    • Dancing
  • Sports
  • Science
    • All
    • CBD
    • Climate
    • Marijuana
    Exoplanet

    Exoplanet 55 Cancri E Has 17.5 Hour Year

    Dangers

    Dangers of Smoking Tobacco

    Breast Cancer

    Breast Cancer Awareness Month Is in October

    Trending Tags

    • UFO
    • Coronavirus
    • Novel coronavirus
    • coronavirus pandemic
    • NASA
    • scientists
  • Health
    • All
    • COVID-19
    • Faith
    • food
    • homeopathy
    • mental health
    • prostate
    Procrastination

    The Truth About Procrastination

    ADHD

    Those With ADHD or ASD Are More Likely to Suffer Anxiety, Depression

    COVID

    CPS Asks Students to Take COVID Test Before Returning

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • English
  • Spanish
No Result
View All Result
Chicago Leader
No Result
View All Result

Rents Increase $21.7% in Chicago

by Cathy Milne-Ware
July 22, 2022
in Chicago, Featured, Headlines, U.S. News
0
Rents

Courtesy of Ken Mages (Unsplash CC0)

0
SHARES
14
VIEWS
Share on FacebookShare on Twitter
Don't like to read?

As rental prices appear to continue to rise across the country, they seem to have stabilized on a month-to-month (MoM) basis. A recent study evaluated year-to-year (YoY) markets: Windy City residents saw the average cost increase significantly, according to a recent study. Between June 2021 and 2022, Chicago’s 1-bedroom rental rates increased by 21.7%, and 2-bedroom units increased by 11.20%, according to Rent.com.

July’s rental report revealed the majority of the country saw increased rents, while some regions did not. Nationally, rents remained stable month-to-month; however, both bedroom types reflect increases in the double-digits over the past year:

  • 1-Bedroom rentals average $1,701. The overall MoM rents decreased 0.1% and increased YoY by 25.3%.
  • 2-Bedroom units average $2,048. There was no change in MoM rental rates, but the YoY evaluation reflected a 26.5% increase.

Chicago is the 19th most expensive U.S. city for average 1-bedroom rents at $2,558. Meanwhile, 2-bedroom units cost $3,247, which makes this average the 15th most expensive.

Chicago Housing Problems and Rents Plague Officials and Residents

Eviction Rates

Rents
Courtesy of Eric Allix Rogers (Flickr CC0)

Once the pandemic-related eviction ban ended in October 2021, “1,866 evictions were approved by judges. Roughly 1,278 households — 42 businesses — were evicted…in Chicago,” according to Guardian Liberty Voice.

Between January 1 to April 30, 201, landlords filed 1,193 evictions.

At the time of this report, current eviction rates for the first six months of 2022 were unavailable. Yet, with the high rents and the pandemic continuing, the Eviction Lab reports the crisis continues to be a concern.

Rent Control Ban

At the height of the pandemic, a coalition of housing activists and organizers requested Gov. JB Pritzker lift the ban on rent control. In addition, they called on him to cancel the prohibition of rents and mortgage control. Notably, two years earlier, the governor indicated his support for repealing the statewide ban.

At the time, he said: “Any future plans for our communities need to include plans for the people already living in those communities.” But during a subsequent press conference, he explained that he could not lift the rent-control ban with an executive order. “That state law can only be repealed by the state legislature.

Nothing seems to have come from this request beyond a March 2021 House Bill 116 that advanced out of committee. If HB-116 passed, it would transform the statewide rent control ban to “allow any municipality’s voters to call a referendum” to repeal the ban, according to Don DeBat for Loop North News.

Excessively Long Waiting Periods for Rental Assistance

Twenty-nine years is an excessively long time for the Chicago Housing Authority (CHA) to approve a rental assistance application. That was the case for Jeanette Taylor, a single mom of three who asked for help to move out of her family — herself and three children — out of a 1-bedroom apartment they shared with her mother. Taylor, now Alderman for Chicago’s 20th Ward, is working to change this ongoing problem.

I first applied for an affordable housing voucher in 1993.

I finally got a call back in 2004 to tell me my son who just graduated high school couldn’t be on my lease.

Today in 2022 I finally got a letter telling me I made it to the top of the waiting list. I have no words. pic.twitter.com/h0lykVyFcd

— Alderwoman Jeanette Taylor (@taylorfor20th) May 31, 2022

HUD Claims Chicago Violated Civil Rights of Black and Latino Communities

Recently another problem that Chicago must address is not directly related to rents but plays a significant role in the health and wellbeing in Black and Latino neighborhoods which could affect residents’ ability to work consistently.

The United States Department of Housing and Urban Development (HUD) completed a nearly 2-year-long study that indicates the city violated residents’ civil rights. HUD asserts the city allowed businesses that emit high levels of pollutants from Caucasian communities into those occupied by Black and Latino Chicagoans. The agency stated these neighborhoods were already overwhelmed with health and environmental disparities, the Chicago Leader reported.

Windy City residents might feel some relief from future increases in rents. In addition to HB-116, which would allow Chicagoans to vote on overturning the rent control ban, Mayor Lori Lightfoot’s administration introduced measures to increase affordable housing and subsidized rent through the CHA and HUD.

Written by Cathy Milne-Ware

Sources:

Rent.com: A monthly look at average rent price trends across the United States
NPR: She has waited 29 years for housing assistance. Now she is fighting for change; by Amina Kilpatrick
Chicago.gov: Various Housing Measures Introduced to City Council; by Mayor’s Press Office
Block Club Chicago: Activists Call On Gov. Pritzker To Lift The Ban On Rent Control As Coronavirus Continues To Plague Chicago, by Mauricio Peña
NORTH LOOP NEWS: Landlords beware: Revised Rent Control Act is still alive; by Don DeBat

Featured and Top Image by Ken Mages Courtesy of Unsplash – Creative Commons License
Inset Image Courtesy of Eric Allix Rogers’ Flickr Page – Creative Commons License

Tags: Rents
Cathy Milne-Ware

Cathy Milne-Ware

Next Post
booster

New Study Suggests Booster Shots Are Important

Recent Posts

  • Lakesia Collins the Superhero of the West Side
  • AMBER-ALERT Missing Youth in Chicago
  • Patricia Ezeanyim Bio

Newsletter

Loading
No Result
View All Result
  • About
  • Ad submission
  • Contact
  • Team
  • Terms and Conditions
  • Privacy Policy
  • Sitemap
  • FAQ
  • Mission

© 2018 TNS - TNS theme by Frackle TNSthemes.

No Result
View All Result
  • Home
  • Politics
  • World
  • Business
  • Science
  • Entertainment
  • Gaming
  • Movie
  • Music
  • Sports
  • Health and Lifestyle
  • View Print Edition
  • Subscribe to the print newspaper
  • Contact

© 2018 TNS - TNS theme by Frackle TNSthemes.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Support independent local journalism by subscribing to the Chicago Leader print
and digital publication for just $15 a year.

Subscribe Now