How Much Can You Afford?
In Chicago, the general rule of thumb is 35% of your gross income for building heated apartments and 30% of your gross income for tenant heated apartments. While different landlords use different guidelines for qualifying prospective residents, these figures will help you determine the amount of rent you should be allowed to afford.
Realty & Mortgage Co. • 928 W. Diversey Pkwy., Chicago, IL 60614 • tel 773.549.8300 • fax 773.549.8343 • Email Us