When you’re planning for a new apartment, it’s easy to focus only on rent. But utilities are a big part of the equation, and if you don’t plan for them, your monthly expenses can creep up quickly. Electricity, gas, internet, and water may not be as visible as rent, but together they can have just as much impact on your budget. The key is knowing what to expect and building those costs into your financial plan before you sign a lease.
Why Rent Isn’t the Whole Story
Many renters underestimate just how much utilities can add to their living expenses. In Chicago, the size of your apartment, the efficiency of the building, and even the season can all influence what you’ll pay. Winter heating bills, for example, can be a shock if you haven’t budgeted for them. Without planning, even small increases—like a jump in electricity from running the air conditioner—can make your monthly spending feel tight.
The best way to avoid surprises is to think of utilities as part of your “real rent.” If your apartment is $1,800 but you’re spending $200 a month on utilities, your actual housing cost is closer to $2,000. That perspective makes budgeting more accurate.
Common Utilities to Account For
Before you can build a budget, you’ll want to know which utilities typically come into play:
- Electricity: Covers lighting, appliances, and cooling. Expect higher costs in summer months.
- Gas: Often used for heat, hot water, and sometimes cooking. Bills climb during Chicago winters.
- Water and Sewer: Sometimes included in rent, sometimes billed separately.
- Internet and Cable: Most renters pay separately for internet. Costs range from $50–$80 per month depending on speed.
- Trash and Recycling: Usually included, but not always. Ask to be sure.
What’s Included in Rent and What’s Not
One of the biggest points of confusion for renters is which utilities are covered by the landlord. Some buildings include water and heat in rent, while others leave every bill to the tenant. Without clarity, it’s hard to compare apartments accurately.
When you tour an apartment, ask specific questions:
- Which utilities are included in rent?
- Are there flat monthly fees for certain services?
- What do current or past tenants typically spend on utilities?
These details help you avoid hidden costs and compare options fairly.
Seasonal and Lifestyle Factors That Change Costs
Even with good estimates, utility bills don’t stay the same year-round. Heating bills spike in January, while summer cooling can increase electricity. Lifestyle plays a role too—if you work from home, your electricity and internet use will naturally be higher than someone who’s gone most of the day. Hosting guests or running multiple devices can also add to monthly costs.
To prepare, build a cushion into your budget. Adding 10–15% to your estimated utilities helps cover seasonal swings and keeps your finances steady.
Move-In Costs That Catch Renters Off Guard
Another area renters often overlook is one-time setup expenses. Internet installation, deposits for new accounts, and activation fees can add $150–$200 to your first month’s budget. These aren’t ongoing costs, but if you don’t plan for them, they can make move-in month more expensive than expected.
Find Your Next Apartment with PPM
The more accurate your utility estimates, the easier it is to create a budget that truly works for your lifestyle. By asking the right questions, factoring in seasonal changes, and preparing for setup costs, you’ll have a clearer picture of what living in your new apartment will actually cost month to month.
When you’re ready to make your next move, PPM Apartments offers a range of thoughtfully designed homes in Chicago’s most desirable neighborhoods, including River North, Lakeview, Lincoln Park, and Gold Coast. With modern amenities and great locations, PPM makes it easier to find an apartment that fits both your lifestyle and your budget.
