Soon the club would lose its unique taste and personality as rent rates in Chicago were rising.

"When we bought the building, its going annual rent rate was $16 a square foot," he said.

These places are selected because of the low rent rate and the high popularity among young generation.

Affordable rent rates considered to be no more than a third of the renter's wages.

Contractors would be allowed to raise rent rates annually, in accordance with the consumer price index.

It is customary for students to share flats in small groups of 3 or 4 people, as rent rates are very expensive in the city.

That amount represents the difference between the $428 fair-market rent rate and the $200 that is 30 percent of his income.

The owners of the apartments lowered rent rates and offered "free move-in" specials.

In 1995 the space was 70% leased, and the owner reduced rent rates.

Central European workers were happy to pay rising rent rates as they were happy to share a, say 3-bed, house with 6 other people.