Are Chicago brokers free?

Are Chicago brokers free?

It is absolutely FREE to work with a Chicago rental broker! Unlike some cities, such as New York or Boston, in Chicago, the renter does not owe any fees to their broker for working with them to find an apartment.

Is it hard to find an apartment in Chicago?

The Chicago rental market is not as competitive as in other large cities. However, it can still be hard to find the perfect apartment in an ideal location on a budget. Rents have increased slightly in Chicago in the past year.

What is the apartment vacancy rate in Chicago?

The rental vacancy rate is the fraction of homes for rent that are not occupied. In 2019 the rental vacancy rate for Chicago Illinois was 4.81% according to Census ACS data.

What is the best apartment finding site?

The Five Must-Check Apartment Sites for Renters [Updated in 2019]

• Trulia. A clean, clear website that helps those looking to buy, sell, or rent homes all over the nation. …
• Zillow. If you have a smartphone, the Zillow app is a great accessory to add to your apartment-hunting arsenal. …
• StreetEasy. …
• Craigslist. …
• Dixon Leasing.

Do I need an apartment broker in Chicago?

You don’t need to enlist a professional agent or apartment finder to track down a place, but such a service can be a big help if you need to rent in a hurry or not sure where to start. Plus, in Chicago, renters don’t pay brokers’ fees—the landlords pay them.

How much is a broker’s fee?

Realtors and real estate brokers typically charge around 5% to 6% of the selling price of a house. 2 This is often split between the seller’s agent and the buyer’s agent. Some discount real estate brokerages may charge a lower rate or instead offer a fixed-fee service.