Looking for Qualified Property Management Companies in Chicago, IL?

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Specialty # of Agencies
Single House or Condo 17
Apartment Buildings 22
Home Owners Association 17
Total Local Companies 41

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

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 ...

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.

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.

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.

1658 Milwaukee
Chicago, IL 60647

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

1710 West Belmont Avenue
Chicago, IL 60657

Managing: Single-Family : Multi-Family :
Root Realty is the Property Manager you can trust with your investments. 30 years in business delivering optimal results.

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.

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.

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 ...

Additional Chicago, IL Property Management Companies

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

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

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

1257 N. Milwaukee Ave #1
Chicago, IL 60622

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

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.

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.

112 E. ST. Charles Rd.
Villa Park, IL 60181

Managing: Multi-Family :
Chicagoland Real Estate Investment Services

2940 Commerce
Franklin Park, IL 60131

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

Managing: Single-Family : Multi-Family :
The Largest Single Family Home Property Management Company, with over 15 Years of Property Management & Rental Services.

20 Danada Square West, #274
Wheaton, IL 60189

Managing: Commercial
The goal of Sanders Commercial Real Estate is to be a trusted partner for our clients.

79 West MonroeSuite 905
Chicago, IL 60603

Managing: Commercial
RE|SOLUTIONS provides Property Management, Leasing & Investment Sales Services for all types of Commercial Real Estate.