Chicago's millennial renters are finding no supply, deals and higher prices

Rentals make up 30 percent of the housing supply in Chicago, and not all rents have experienced increases in rent prices.
  • Only 38 percent of median rent prices near the 'L' line increased a 10 month time period
  • Millennials make up roughly 40 percent of the housing market and more than 90 percent are renters
  • Old Town came in with the highest price spike since October with a $306 increase in median rent

RadPad took a deep-dive into listings that millennial renters in Chicago were looking at in August of this year compared with in October of 2014. Afterall, 80 percent of RadPad users are millennials.