One thing Loyola students complain most about is the requirement that they live on campus for their first two years. Not only is the housing off campus much cheaper, it’s generally nicer and often better administered. The only thing students have to watch out for is the propensity of certain local landlords to take advantage of students. The greater majority treat their student tenants like they would any other, but some tend to overcharge for rent and disappear when the radiators start leaking all over the floorboards. With this in mind, there are all kinds of housing options for students in Chicago. Most are large three- or four-bedroom flats running for about $1,500 to $2,000 a month.
It’s not difficult to find housing by Loyola’s Lake Shore Campus, but there are also many other neighborhoods in Chicago for students who don’t mind a bit of a commute. An apartment in Old Town or Streeterville can be quite expensive, but if you’re a business student taking most of your classes at the Water Tower Campus, this is an option you may want to look into. Edgewater is a developing area south of Rogers Park offering inexpensive housing not too far from campus. Wrigleyville is a popular destination for Loyola seniors, as it is not that far from either campus via the Red Line train, plus it places students within walking distance of Wrigley Field and many neighborhood bars. Lincoln Park is a little bit pricey, but it offers a beautiful, growing environment close to DePaul University where students can get a taste of another university’s nightlife. As long as you are careful when looking into your housing options, you should be able to find a little corner of Chicago that you can call yours for a reasonable price.