2338 Nichols Rd, # 1A, Arlington Heights, IL 60004

Beautifully Updated 2-Bedroom, 1-Bath Condo for Rent Move into this bright, clean, and professionally updated 2-bedroom, 1-bath condo. The unit features fresh paint throughout, brand-new hardwood flooring, and a beautifully renovated kitchen with modern finishes. This well-maintained home offers a spacious layout, abundant natural light, and a fresh, move-in-ready feel. Conveniently located near shopping, dining, parks, and major transportation routes. Features: 2 spacious bedrooms 1 full bathroom Newly painted throughout Brand-new hardwood floors Renovated modern kitchen Exceptionally clean and well maintained Move-in ready Lease Term 12-month lease (most common and preferred) Rent & Income Requirements Household income: 3x monthly rent All occupants over 18 must apply and be screened Credit & Background Minimum credit score: 650 No prior evictions No open landlord judgments Employment verification required Security Deposit Usually 1 month's rent Must comply with local ordinances (Chicago has additional rules; most suburbs outside Chicago are simpler) Late Fees Typical example: $50 after the grace period Plus $10/day up to a stated maximum (must be reasonable and consistent with Illinois law) Occupancy Limits Specify who may live in the unit and require landlord approval for long-term guests. HOA/Condo Association Rules Since it's a condo: Tenant must comply with all HOA/Condo rules Provide a copy of regulations before move-in Fines caused by tenant violations are tenant's responsibility Maintenance Tenant responsible for: Light bulbs Furnace filters Minor upkeep Keeping unit clean Landlord responsible for: HVAC, plumbing, electrical Major repairs Building systems Smoking & Pets Clearly state: No smoking/vaping inside unit Pet policy Pet deposit and/or pet rent if allowed Renters Insurance Require tenant to maintain: $100,000 liability coverage minimum Proof provided annually Early Termination Include: Lease-break fee (often 2 months' rent) Continued rent responsibility until replacement tenant is found For Your Chicago-Suburb Rentals A practical screening standard is: Minimum credit score 650, monthly income 3x rent, no evictions, verified employment, clean criminal background, 12-month lease, renters insurance required.