In simple words, a studio apartment can be described as a single-room dwelling, which combines the kitchen, living space, and bedroom. Most studio apartments feature an open floor plan and the living and sleeping areas are usually not separated by a wall. The kitchen in studio apartments may not or may be separated by a wall.

The bathrooms in studio apartments are an exception because they must be individual rooms with a door according to the law. If you are unable to decide whether a studio apartment is a right choice for you or not, then you should consider the pros and cons of studio rental Chicago before making a final decision. Let us take a quick look at some of the reasons why you should consider moving into studio apartments.

Saves Money

One of the major advantages of living in studio apartments is that you will be able to save a large sum of money that you would have spent on extra space, which you do not need. Small spaces mean you will need less furniture, which will also help you save money. Finally, living in a small space will also help you to cut down on heating and electricity bills.

Live In Cooler And Trendy Parts Of The City

There’s no denying the fact that renting an apartment, house, or duplex in trendy and cooler parts of the city can be quite expensive. In fact, some people might not even be able to afford that. If that’s the case, then you should consider getting in touch with a studio rental Chicago company. They will help you find cheap and affordable studio apartments in cooler parts of the city.

Less Cleaning

When you are living in an apartment or house, then you will need to spend days cleaning it. Individuals who are living in studio apartments will be able to easily clean the space in hours or less. Living in a small space will also urge you to regularly clean and organize the space so that it doesn’t look cluttered.

Who Should Consider Renting Studio Apartments

Living in studio apartments is indeed just a phase for some individuals. On the other hand, several people prefer to live in studio apartments until they grow old. Studio apartments are undoubtedly more suitable for real estate investors and first-time homebuyers. Here are some groups of people who will definitely appreciate studio apartment living.

Immigrants

Individuals who have recently moved to the United States would be more interested in studio apartments instead of buying properties. This is mainly because non-Americans will not be able to apply for a regular mortgage, but they are eligible for getting a Foreign National Loan. If you need to get a regular mortgage, then you will need to bring a cosigner or wait until they get the green card.

It is important to remember that most banks in the country will not loan money to people who are not American citizens and to the ones with no credit history. If the income of these people is low, then they will need to settle for studio apartments.

Millennials Who Love Minimalism

It is evident that there are more than thousands of millennials who love minimalism. This is why studio apartments have gained immense popularity among millennial’s. The benefits of living in studio apartments are quite the same as living in RVs, micro-units, and small homes.

Students are another category of people who prefer studio apartments mainly due to the affordability factor. Get in touch with a reputed studio rental Chicago company to find the best studio apartment for you.