Chicago, IL
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Overview
Annual Rev
$60.4k
12 mo avg
↑17%
from prior 12 mo
Occupancy rate
50%
12 mo avg
↓2%
from prior 12 mo
Avg daily rate
$260
12 mo avg
↑19%
from prior 12 mo
Lead time
35 days
12 mo avg
↓4 days
from prior 12 mo
Revpar
$125
12 mo avg
↑18%
from prior 12 mo
Methodology note: Figures reflect Chicago market data as of September 2026. Data covers Airbnb, VRBO, and Booking.com listings. Values are seasonally influenced; rounding applied for readability.
Revenue per listing by bedroom
Bedroom count:
0
1
2
3
4+
Short-term rental supply growth
Performance metrics by bedroom
Bedrooms
Annual Rev
Avg. Zestimate
Gross yield
Supply
Amenity revenue impact
| Amenity | Est. revenue impact |
|---|---|
| Pool | +38% $22,959/yr |
| Gym | 🔒 +2•% · $•••••/yr Revenue lift and listing count available in Markets |
| Heating | 🔒 +9% · $••••/yr Revenue lift and listing count available in Markets |
| Hot Tub | 🔒 +7% · $••••/yr Revenue lift and listing count available in Markets |
| Lake Access | 🔒 +7% · $••••/yr Revenue lift and listing count available in Markets |
| Sauna | 🔒 +2% · $••••/yr Revenue lift and listing count available in Markets |
| Pets Allowed | 🔒 +1% · $•••/yr Revenue lift and listing count available in Markets |
Nightly rate by day of week
Occupancy rate by day of week
Listings by channel
Listings by rental type
Listings by amenities
Listings by size
4+ bedrooms (0%)
Listings by availability
Length of stay by bedroom
1 bedroom (6.1 nights)
4+ bedrooms (5.6 nights)
2 bedrooms (4.8 nights)
3 bedrooms (4.6 nights)
Cleaning fee by bedroom
4+ bedrooms ($246)
3 bedrooms ($149)
2 bedrooms ($108)
1 bedroom ($83)
Professional host share
Professionally managed (78%)
Independent hosts (22%)
Housing market signals
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Over the 12 months ending August 2026, the Chicago market averaged 8,065 active Airbnb and VRBO listings, down 4% from a year earlier and up 17% over two years.
An average Chicago listing earns $56K/year. High-performing listings earn $122K, while low-performing listings earn $22K.
Median Chicago home prices by size are 1-bedroom $187K, 2-bedroom $283K, 3-bedroom $380K, and 4+ bedroom $499K.
Average gross yield is 13%, reaching 29% for high-performing listings. Gross yield excludes financing and operating costs, so net profitability varies by property.
Average occupancy in Chicago is 41%, producing RevPAR of $117 per available night.
2-bedroom listings have the highest average gross yield at 19%. They average $55K/year in revenue against a $283K median purchase price.
Rules vary across Chicago. Chicago: Strict. Registration required, primary residence only, owner-occupancy mandatory, prohibited in most residential zones. Active enforcement with fines and platform data sharing. Aurora: Moderate. Business license required, zoning restrictions apply. Limited enforcement, some unlicensed operations exist. Naperville: Strict. Prohibited in most residential areas, special use permit needed. Active code enforcement. Joliet: Lenient. Business license required, basic zoning compliance. Minimal enforcement, hosts operate with standard licenses. Verify requirements for the property's jurisdiction.
The Chicago Airbnb and VRBO market does not show clear signs of oversaturation. Supply has declined 4% year-over-year, while RevPAR has increased 40%, suggesting demand is outpacing available supply.
RevPAR is highest in July and June; it is lowest in January and February.
The most common amenities are Internet (98%), TV (98%), Heating (98%). The strongest positive revenue associations are Gym (+59%), Air Conditioning (+56%), Washing Machine (+47%).
Average daily rate in Chicago is $301, up 23% year-over-year. Rates peak in June and are lowest in February.
Guests in Chicago book an average of 35 days in advance, down 1% from last year. Booking windows range from 32 days for 1-bedroom listings to 38 days for 4+ bedroom listings.
Booking demand is highest on Saturday and lowest on Monday. Nightly rates peak on Saturday and are lowest on Wednesday. Weekend occupancy is 48% higher than weekday occupancy.