Two new reports show that Chicago's rental affordability is somewhere in the middle of the pack both nationally and globally.
Nationally, Chicago is 8th in overall rental affordability - rental costs average $2.49 a square foot, with the median individual apartment for a single month renting right around $1,200. An individual needs to make just over $43,000 to afford such an apartment and families that need larger apartments need an average of just over $82,000 in annual income.
Internationally, Chicago came in 13th.
You can read more on the studies at Curbed Chicago here.