Find property management in Chicago, IL

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Specialty # of Agencies
Single House or Condo 17
Apartment Buildings 25
Home Owners Association 17
Total Local Companies 45

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 : Multi-Family :
If your tenant doesn't pay, we'll replace them at no cost to you!
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 our ...
Free Quote...

3703 N Kedzie Ave.
Chicago, IL 60618

Managing: Single-Family : Multi-Family : Commercial
We will provide you with professional management for your property.
Free Quote...

Top Multi-Family Managers

Statewide, IL

Managing: Single-Family : Multi-Family :
If your tenant doesn't pay, we'll replace them at no cost to you!
Free Quote...

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...
Free Quote...

1046 W Kinzie, Ste E101
Chicago, IL 60642

Managing: Single-Family : Multi-Family :
Be an investor, not a landlord.
Free Quote...

Top Association Managers

Multiple Locations in TX, CA, FL, CO, AZ, NV, MO, NC, GA
WA

Managing: Association :
Comprehensive community management services
Free Quote...

743 Edgelake Point
Schaumburg, IL 60194

Managing: Multi-Family : Association : Commercial
A leader in providing full-service real estate solutions
Free Quote...

14224 McCarthy Rd
Lemont, IL 60439

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

Additional
Chicago, IL Property Management Companies

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...


Orland Park, IL 60462

Managing: Single-Family : Multi-Family :
Offering quality service at competitive prices!
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
Free Quote...

324 S Elm St , Ste 300
Greensboro, NC 27401

Managing: Multi-Family :
Clear and focused on results.
Free Quote...

2940 Commerce
Franklin Park, IL 60131

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

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...

1257 N. Milwaukee Ave #1
Chicago, IL 60622

Managing: Single-Family :
We want you to be successful, and understand what that takes.
Free Quote...

3041 Woodcreek DriveSuite 100
Downers Grove, IL 60515

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

50 E. Commerce , Suite 110
Schaumburg, IL 60173

Managing: Association :
Our Strength. Your Success.
Free Quote...

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.
Free Quote...