How Long are Short-Term Rentals?
Renters who want the flexibility to move apartments within a calendar year might consider short-term lease apartments as their best bet. Why? Because many of the apartments offering a short-term lease in Chicago ask for a commitment of fewer than 12 months, especially sublets in Chicago. Common short-term leases will advertise lease terms of 9 months, six months, or three months. Finding short-term rentals for as few as 30 days is less common, but it's not impossible. Many apartment landlords and property managers would prefer that their short-term apartments have a tenant commit to at least three months in a given short-term lease, so they don't have to turn around and re-list the apartment in a short time.
How Do I Find Short-Term Furnished Rentals in Chicago?
Short-term furnished rentals in Chicago are available among the apartment listings. Furnished short-term rentals are a common leasing option among Chicago's co-living communities, wherein renters lease their rooms (typically with their private ensuite bathroom). Still, the common spaces are shared among other renters. The common areas in co-living communities almost always come fully furnished. Some co-living communities even come fully stocked with cleaning supplies or cleaning services. Looking for more options, try exploring coliving apartments as these provide short-term, furnished apartments.
What's the Difference Between a Short-Term Rental and a Sublet in Chicago?
Short-term lease apartments in Chicago are different from subleases. In simplified terms, a sublease means that the original tenant, for whatever reason, cannot occupy the place they're currently renting, and they seek out a subletter who can take over the remainder of the lease term. At the end of the sublease, the subletter may have the option to renew the lease for a full term, or they may not. A short-term lease is usually intended to be rented by the same person for the duration of the lease -- it's just that the lease term is shorter than most standard 12-month leases.
Are There Month-to-Month Short-Term Rentals in Chicago?
Chicago allows month-to-month apartment leases. These aren't always the same as short-term lease apartments, though. Short-term lease apartments in Chicago don't always have as much flexibility, so if renters are set to find month-to-month leases, they should ask the landlord if they're considering such an arrangement while negotiating the lease. The option with the most flexibility is the month-to-month lease agreement.