Airbnb Market Analytics & Investment Insights
Annual Revenue
$36,943
Based on 7005 full time Airbnb rentals
Average Daily Rate
$238
Gross Yield
12.49%
#40 in the USOccupancy Rate
59%
As of June 2025, Homes in Chicago have appreciated by 2.61%, with the median home value standing at $295,039, according to Zillow.
There are currently 7,005 active short-term rentals in Chicago. The average daily rate for these rentals is $238. This translates to an annual revenue of $36,943 for short-term rentals as of June 2025.
Chicago is an investor-friendly location with short-term rental regulations favorable to those looking to invest in short-term rentals.
Average Daily Rate Trend
$238
Occupancy Rate Trend
59%
Let our agents guide you to the best short-term rental investments in Chicago
Active Short-Term Rentals
7005
As of June 2025, the average gross yield for short-term rentals in Chicago is 12.49%. However, potential investors should also consider the average property tax, which stands at 2.10% according to SmartAsset.
The median household income in Chicago is $58,231.
As of June 2025, the occupancy rate for Airbnb rentals in Chicago is 59%, which is higher than the average occupancy rate for the United States.
As of June 2025 The unemployment rate in Chicago is 5.8%, which is higher than the national average of 4.1%.
The most impactful amenities for short-term rentals in Chicago include a Outdoor shower, Ping pong table, and Changing table.
Chicago is a popular destination for travelers, with Airbnb demand coming from cities like Chicago, IL (6.90% of all guests), New York, NY (2.84% of all guests), and Los Angeles, CA (2.14% of all guests).
The top short-term rental hosts in Chicago include Level, Blueground and Milan. These hosts have an average rating of 4.67, 4.41 and 4.97 respectively.
The most popular property types in Chicago are 2-bedroom units, with an average daily rate of $238 and an annual revenue of $65,766.
The average booking lead time for short-term rentals in Chicago is 63 days.
| Bedrooms | Listings | Occupancy | Average Daily Rate | Annual Revenue |
|---|---|---|---|---|
| Studio | 162 | 74% | $216 | $58,342 |
| 1 Bedroom | 932 | 67% | $240 | $58,692 |
| 2 Bedroom | 1033 | 66% | $273 | $65,766 |
| 3 Bedroom | 757 | 61% | $328 | $73,029 |
| 4 Bedroom | 379 | 59% | $400 | $86,140 |
| 5 Bedroom | 127 | 56% | $463 | $94,637 |
Connect with a lender specializing in short-term rentals in Chicago