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 12
Apartment Buildings 18
Home Owners Association 12
Total Local Companies 32

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 :
Purchase a new construction home through MH and receive a guaranteed lease for up to 6 years on your existing home.
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...

2940 Commerce
Franklin Park, IL 60131

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

Top Multi-Family Managers

2066 Ridge Road
Homewood, IL 60430

Managing: Multi-Family : Commercial
2 months free!
Commercial, Leasing, Management & Investment Property Sales
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1014 West Roscoe , Suite 3F
Chicago, IL 60657

Managing: Single-Family : Multi-Family :
Specializing in property management and leasing of single unit condominiums, town homes and apartment buildings in Chicago.
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...

Top Association Managers

3041 Woodcreek DriveSuite 100
Downers Grove, IL 60515

Managing: Association :
Providing management solutions to Condominium, Townhome and Homeowner Associations.
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5215 Old Orchard Rd., Suite 300
Skokie, IL 60077

Managing: Association :
Serving Chicago and its suburbs as a leader in professional property management and for more than 125 years.
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One Lincolnshire Lance
Lincolnshire, IL 60069

Managing: Multi-Family : Association : Commercial
We are a full-service residential and commercial property management company committed to maximizing your property's poten...
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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.
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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...

1658 Milwaukee
Chicago, IL 60647

Managing: Multi-Family :
Quality Tenants, Qualified Contractors, Disciplined Management
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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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USA
Nationwide, US

Managing: Single-Family :
Find the best professional Manager for your second home.
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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...

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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5015 West Lawrence Ave. Suite 203
Chicago, IL 60630

Managing: Single-Family : Multi-Family :
We offer a personalized, comprehensive property management package at a reasonable price.
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3856 Oakton
Skokie, IL 60076

Managing: Multi-Family : Association :
Cagan Management Group is positioned to be responsive, effective, and flexible to each and every client.
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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...