MOVE IN SPECIAL - Beautiful rehabbed Studio unit located in the Beverly/Morgan Park Area. Just a few blocks away for the Metra station and Morgan Park High School. Quiet neighborhood. February Special, no application or move in fee. Free TV plus a $300 gift card upon lease up. Section 8 voucher holders welcome. (RLNE8343389)
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 2040 W 111th by bedroom type below.
1 Bedroom
Suggested income:
$90,000
per year
Rent report
2040 W 111th Rent vs. Chicago Average
2040 W 111th
Chicago Average
1BR
$2,500
$2,088
$0
$850
$1,700
$2,550
$3,400
2040 W 111th is asking 20%
more than the average 1 bedroom apartment in
Chicago.
If you upsized to an average priced Chicago 2 bedroom apartment, you would pay
19% more per month.
If you downsized to an average priced Chicago studio apartment,
you would pay 25% less per month.
2040 W 111th provides 21%
less square footage than the average
Chicago 1 bedroom apartment.
Monthly Rent
Rent per Sq. Ft.
Suggested Monthly Income
2040 W 111th
1BR
$2,500
$4.50
$7,500
Chicago Average
Studio
$1,675
$3.60
$5,026
1BR
$2,088
$3.00
$6,263
2BR
$2,562
$2.60
$7,687
3BR
$3,091
$2.40
$9,273
4BR
$2,506
$1.90
$7,519
Availability in Chicago
In order to find the best deal, you need to know what types of units are available. Property managers may be willing to
give concessions if they have many vacant units.
There are currently 4,358 1BR
units on the market in Chicago. If you're looking to negotiate, this may be your best option.