For Rent in 60620>Question Details

Alicia, Other/Just Looking in 60620

how can i get apt with no sec dept eor 400 dollars or 600?

Asked by Alicia, 60620 Fri Nov 12, 2010

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Trudo Realty’s answer
A lot of landlords in Chicago are abandoning the "security deposit" model and moving to a "move-in fee" model instead, where you pay a non-refundable fee (typically around $200 per bedroom) when you move into the apartment. Keep in mind that you still could be liable for any damage to the apartment, and if you have bad credit, the landlord might require you to pay the last month's rent in advance as well. Still, landlords are flexible these days and I'm sure your agent could work something out.
0 votes Thank Flag Link Thu Nov 18, 2010
I'm not really sure of your question. Are you saying you have NO security deposit and looking for a rental for $400-$600 a month? Or are you saying you have $400-$600 of security deposit?

To get an apartment with NO security deposit might be a tough thing to do. Is there someone you can borrow the security deposit from? If not you might want to tell a potential landlord that you don't have a security deposit all up front but that you will pay it in the monthly rent. For example if the rent is $500 a month and your security is deposit is $500 dollars maybe you can make monthly rental payments of $550-$600 a month with the extra $$ going towards the deposit until its paid in full. Hope this helps...Good luck

Jason Stevens, GRI, ABR
0 votes Thank Flag Link Fri Nov 12, 2010
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