Find property management in Chicago, IL

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Specialty # of Agencies
Single House or Condo 21
Apartment Buildings 26
Home Owners Association 18
Total Local Companies 46

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...


Orland Park, IL 60462

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

Top Multi-Family Managers

605 N. Michigan Ave , 4th Floor
Chicago, IL 60611

Managing: Single-Family : Multi-Family : Association : Commercial
We make management manageable.
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...


Orland Park, IL 60462

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

Top Association Managers

Multiple Locations in TX, CA, FL, CO, NC, IL, GA
WA

Managing: Association :
Comprehensive community management services
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1717 Park Street #110
Naperville, IL 60563

Managing: Association :
Caruso Management Group, powered by CiraConnect, tailors services to your community's needs
Free Quote...

3041 Woodcreek DriveSuite 100
Downers Grove, IL 60515

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

1257 N. Milwaukee Ave #1
Chicago, IL 60622

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

14224 McCarthy Rd
Lemont, IL 60439

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

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...

2940 Commerce
Franklin Park, IL 60131

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

205 W. Randolph Suite 1801
Chicago, IL 60606

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

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...
Free Quote...