It’s becoming increasingly common for big-city renters to spend upwards of 40% of their pay on rent. In fact, last fall we found that cash-flush tech employees in San Francisco and Los Angeles are spending as much as 54% of their salaries to live near the office. According to Indeed.com, the average Chicagoan is taking home $69,000 a year. We did some (fast and loose, totally unverified) math and found that after things like taxes and health insurance are taken out of a Windy City paycheck, locals are taking home (roughly) $3,800 a month. Although it’s completely illogical to spend your entire salary on living expenses, and RadPad is not endorsing this idea, what if you gave up literally everything else to spend 100% of your paycheck on rent? We found 6 Chicago pads for just that. (And no, you can’t have a roommate. That’s imaginary cheating.)
1614 W. Addison St. – $3,500/month
469 W Huron St. – $3,542/month
10 E. Delaware – $3,600/month
500 Lake Shore Drive – $3,695/month
At $3,695/month, with this 2 bed, 2 bath North Side apartment you’ll snag a rooftop pool, hardwood floors and walk-in closets for all the clothes you can’t afford.
188 W. Randolph St. – $3,750/month
1457 N. Halsted St. – $3,800/month
The good news is, we’ve got tons of Chicago listings in all ranges of budget, but if you find yourself in a pinch one month, we can help with that too. Even if your landlord is a check-only kinda guy, you can pay rent with a debit or credit card and we’ll mail him a check! You can even set up recurring payments, so you can go about life in the Windy City with one less worry – paying rent on time.