Looking for Qualified Property Management Companies in Chicago, IL?

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Specialty # of Agencies
Single House or Condo 14
Apartment Buildings 18
Home Owners Association 15
Total Local Companies 35

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

Serving All of Illinois
Statewide, IL 60201

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

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 ...

Office locations in , Flossmoor, Frankfurt, Chicago and
Orland Park, IL 60462

Managing: Single-Family :
Offering quality service at competitive prices!

Top Multi-Family Managers

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...

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

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 ...

Top Association Managers

11 W. College Drive , Suite A
Arlington Heights, IL 60004

Managing: Association :
Management as Distinct as You Are

3041 Woodcreek DriveSuite 100
Downers Grove, IL 60515

Managing: Association :
Providing management solutions to Condominium, Townhome and Homeowner Associations.

14224 McCarthy Rd
Lemont, IL 60439

Managing: Association :
Customized service to fit your association's needs.

Additional Property Management in Chicago, IL

2940 Commerce
Franklin Park, IL 60131

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

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.

1928 W Irving Park Rd.
Chicago, IL 60613

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

800 S. Gay Street , Suite 700
Knoxville, TN 37929

Managing: Association :
We offer REMOTE and VIRTUAL accounting services to Community Associations.

155 N. Wacker 42nd Floor
Chicago, IL 60607

Managing: Association :
Better Quality, Better Value, and Fewer Headaches for board members. Enlan delivers results.

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.

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.

333 W. North Ave. #101
Chicago, IL 60610

Managing: Multi-Family :
We retain tenants, quickly fill vacancies, keep expenses low, and deliver accurate and timely reporting.

17W620 14th Street , Suite 201
Oakbrook Terrace, IL 60181

Managing: Commercial
We maximize potential value through communication, growth and long term relationships.

150 S. Wacker Drive
Chicago, IL 60606

Managing: Multi-Family : Commercial
We offer boutique-style management services to our clients.