Find property management in Chicago, IL

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We know the best property managers in Chicago, IL.
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Specialty # of Agencies
Single House or Condo 16
Apartment Buildings 20
Home Owners Association 14
Total Local Companies 39

The average rent for a 3 bedroom house in Chicago, IL is $1,331.00. When you receive your requested free market assessment, compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.

Chicago, IL Rental Market Overview

The third largest city in the US, Chicago is a major hub for finance, manufacturing, telecommunications, and transportation, among other industries. Home to 12 Fortune 500 companies, the O'Hare Airport, a thriving arts community, President Barack Obama, and world-famous pizza, Chicago is an economic powerhouse. According to the city's official web site, it's also a "very passionate sports town," which wholeheartedly supports its teams, including the world-class Chicago Cubs, White Sox, Bears and Bulls. A multicultural city, Chicago boasts the second largest labor pool in the United States, which makes the Windy City a good place to own rental property.

Chicago Rentals Market Trends Favor Landlords

As with many cities, Chicago's rental market is experiencing a boom. Young professionals, discouraged by the housing market's recent decline, or unable to purchase properties now that banks are becoming much more conservative in their lending practices, increasingly prefer the flexibility that comes with renting---even with rental prices that equal or exceed the mortgage on a comparable home. With apartment complex construction slowing, rent prices are predicted to rise over the next few years. At the same time, many current homeowners are choosing to rent their houses out, rather than sell them, when it comes time to move. All of these factors ensure that both Chicago rental properties and Chicago property management companies will remain in high demand for the foreseeable future.

Chicago Rental Market at a Glance

  Chicago Area US
2013 Population 9.5 million 380 million
2010 Percentage of renters 33.03% 34.0%
2013 (1st Q) Rental vacancy rate 12.2% 8.4%
2013 Median house price $219,000 $185,400
2013 Median income $47,371 $51,425
2013 Median rent (3 bedroom) $1,318 $1,350

After a drop in its vacancy rate to 8.8% during the first quarter of 2012, the Chicago, Illinois metro area (population 9,522,434) is currently at a vacancy rate of 12.2%. Its median rent has remained relatively flat over the last three years and is at $1,318 for 2013. The median family income is $47,371 and the median home price is $219,000.

Finding Chicago Property Management Companies

Finding the right property manager is essential to growing your business.

Use All Property Management to select from among Chicago's best property management companies. Type your zip code into our search widget to find companies who manage properties in Chicago---then request free quotes.

Chicago Stories From our Blog:

Property Management Requirements in Illinois

Chicago-Area Investors Scouting Market for Low-Cost Opportunities.

Chicago Housing Efforts Take New Direction.

Gangsters & Speakeasies: Buildings of Historic Chicago

Top Single Family Managers

Statewide, IL

Managing: Single-Family :
Guaranteed Tenant for just $3/day. We'll find a great tenant or we replace for free, and we cover legal and court costs.
Free Quote...

10307 Main Street , PO BOX 101
Richmond, IL 60071

Managing: Single-Family : Multi-Family :
We handle all aspects of finding a renter for your property. Because we have multiple properties we are able to use ...
Free Quote...

1014 West Roscoe , Suite 3F
Chicago, IL 60657

Managing: Single-Family : Multi-Family :
Specializing in single unit condominiums, townhomes and apartment buildings, we are effective leasing agents and exper...
Free Quote...

Top Multi-Family Managers

1928 W Irving Park Rd.
Chicago, IL 60613

Managing: Single-Family : Multi-Family :
CG Realty Group will handle every aspect of your management services.
Free Quote...

10307 Main Street , PO BOX 101
Richmond, IL 60071

Managing: Single-Family : Multi-Family :
We handle all aspects of finding a renter for your property. Because we have multiple properties we are able to use ...
Free Quote...

1658 Milwaukee
Chicago, IL 60647

Managing: Multi-Family :
Quality Tenants, Qualified Contractors, Disciplined Management
Free Quote...

Top Association Managers

4311 N. Ravenswood
Chicago, IL 60613

Managing: Association :
Low per-unit cost. Pro-trained managers. Easy online tools. You'll say never again to the old way.
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2211 N. Elston, Suite 301
Chicago, IL 60614

Managing: Multi-Family : Association :
We are a reputable Chicago-focused firm offering a customizable menu of services to fulfill every property management ...
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1900 S. Highland Avenue
Lombard, IL 60148

Managing: Association : Commercial
We are committed to achieving the highest level of professional standards and to ensuring our clients' satisfaction.
Free Quote...

Additional Chicago, IL Property Management Companies

4955 N. Damen Ave
Chicago, IL 60625

Managing: Single-Family : Multi-Family :
With over 25 years' experience our proven systems provide the best property management available.
Free Quote...

440 N Wabash Ave, Suite 1
Chicago, IL 60611

Managing: Single-Family : Multi-Family :
The ONLY award-winning Chicago property manager to be certified by NAA, NARPM and IREM with a complaint-free A+ BBB rating.
Free Quote...

2940 Commerce
Franklin Park, IL 60131

Managing: Single-Family : Multi-Family :
The Trusted Leader in Residential Property Management & Leasing.
Free Quote...

300 N LaSalle St , Suite 4925
Chicago, IL 60654

Managing: Single-Family :
It is our policy to maximize income and minimize vacancies by aggressively marketing your investment property.
Free Quote...

1337 W. Wrightwood, Suite 1
Chicago, IL 60614

Managing: Single-Family :
We know Chicago! CL3 is your LOCAL property management specialist. Contact us today for a quote for our services.
Free Quote...

1257 N. Milwaukee Ave #1
Chicago, IL 60622

Managing: Single-Family :
We want you to be successful, and understand what that takes.
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10523 S Ewing Avenue
Chicago, IL 60617

Managing: Single-Family : Multi-Family :
Committed to helping you realize your investment goals and striving to enhance your rental value and the future market...
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1046 W Kinzie, Ste E101
Chicago, IL 60642

Managing: Single-Family : Multi-Family :
Put Your Property On Cruise Control.
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770 N. LaSalle Dr.
Chicago, IL 60654

Managing: Single-Family : Multi-Family :
The Trusted Leader Over 20 Years! AWARD Winning Service by the ONLY Nationwide Residential Property Management Company
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2636 N. Lincoln Ave. , 33 Realty
Chicago, IL 60614

Managing: Multi-Family :
Passionate about client goals, we deliver value in real estate and provide strategic solutions.
Free Quote...