Market Conditions in Chicago>Question Details

idstroup, Other/Just Looking in Chicago, IL

Peak rental season

Asked by idstroup, Chicago, IL Thu Jun 12, 2014

Hello,

I work for Peoples gas of Chicago, and I am trying to obtain information about peak rental season. What month(s) are the busiest for (1) signing leases and (2) moving in? If you can provide the data, that would be helpful as well.

Thank you,

Isaac Stroup
Corporate Communications
Peoples Gas of Chicago
312-240-7695

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Answers

3
Early spring and late summer/early fall are the best times to rent in and around the Loop. As semesters start at local colleges demand increases and it becomes harder to find a place. It depends on the neighborhood/property but the South loop and West Loop both see a significant increase in demand.
0 votes Thank Flag Link Tue Jun 17, 2014
April and August are always very busy times.
0 votes Thank Flag Link Sun Jun 15, 2014
The peak rental season depends on the type of property that you are renting. For example, if you are renting to students across the street from a university, the peak season will probably be around the time that school starts. In general things slow down a little in the winter months.
0 votes Thank Flag Link Thu Jun 12, 2014
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