Chicago, Illinois
Airbnb Data and Analytics - March 2017

Airbnb Market Report

Chicago, Illinois
6,308 active rentals
Mar '15 - Feb '17
USD $139.95
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Select a neighborhood
Mar '15 - Feb '17

79 active rentals
133 active rentals
69 active rentals
142 active rentals
111 active rentals
121 active rentals
Garfield Park
61 active rentals
Gold Coast
42 active rentals
Humboldt Park
211 active rentals
Hyde Park
105 active rentals
Irving Park
101 active rentals
70 active rentals
905 active rentals
Lincoln Park
309 active rentals
Lincoln Square
114 active rentals
Logan Square
336 active rentals
360 active rentals
Near North Side
493 active rentals
Near West Side
157 active rentals
North Center
137 active rentals
Old Town
76 active rentals
190 active rentals
Rogers Park
138 active rentals
South Loop Printers Row
129 active rentals
Ukrainian Village
148 active rentals
253 active rentals
West Loop Greektown
108 active rentals
West Town Noble Square
218 active rentals
Wicker Park
243 active rentals
Select a zip code
Mar '15 - Feb '17

182 active rentals
51 active rentals
142 active rentals
121 active rentals
251 active rentals
240 active rentals
214 active rentals
150 active rentals
391 active rentals
400 active rentals
161 active rentals
154 active rentals
301 active rentals
501 active rentals
144 active rentals
125 active rentals
44 active rentals
72 active rentals
265 active rentals
63 active rentals
204 active rentals
505 active rentals
38 active rentals
140 active rentals
142 active rentals
637 active rentals
132 active rentals
55 active rentals
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Active Airbnb rentals in Chicago, Illinois

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Airbnb Host Information

active hosts
multiple listing hosts

Airbnb Property Information

active Airbnb rentals
10 or more reviews
rated 5 stars

Airbnb Rental Activity

Months Available for Rent
Months Rented

Airbnb Occupancy

Occupancy Rate by Percentile
Entire place listings with at least 1 booking in the month
Data shown is not representative

Airbnb Prices

Average ADR by Listing Type
Studio/Number of bedrooms indicates Entire place room type (USD)
Data shown is not representative

Airbnb Revenue

Revenue by Room Type
Of listings rented at least 30 days over last 12 months
Data shown is not representative

Airbnb Seasonal Demand (RevPAR)

Revenue per Available Room (RevPAR)
Entire place listings (USD)
Data shown is not representative

Best Airbnb Rentals in Chicago

Listing Title Room Type Rooms Airdna Score
1 Cozy Wicker Park, Chicago Apartment Entire Place 1 100
2 Polk Street Coach House Entire Place 2 93
3 Luxry home Sleep 10 2BR w-Fplace! Entire Place 2 93
4 Master Suite-Private Exit/Entrance! Private room 1 92
5 Cool & Unique Space In A Walkable And Fun Area Private room 1 91
6 Lincoln Square Garden apartment Entire Place 1 88
7 Comfy 3BD/1BA, garage spot included Entire Place 3 87
8 Pearl in the Park Entire Place 2 87
9 PRIVATE 1BD APT Entire Place 1 86

Airbnb Research on Chicago, Illinois

Throughout the winter, Chicago battles months of frigid cold and lake effect snows. However, the summer season welcomes beach goers and boaters alike. The four seasons are what make Chicago so unique, combined with a growing economy and fast pace of life, Chicago has evolved into one of the most popular tourist destinations in the United States. With thousands of Airbnb properties, there has been no shortage of places for these visitors to stay.

Of the properties listed, nearly 60% are considered “Entire Places”, 35% “Private Rooms”, and the remaining 5% as “Shared Rooms”. Further, “private rooms” and “1-room” apartments account for nearly half of all listed rentals. Historically, occupancy rates average 30-40% higher in the summer months than the winter. For example, occupancy rates peak at 71% in August and bottom out at 32% in January. Thus, RevPAR (Revenue per available room) peaks May through October, and drastically decreases November through June. In both cases, weekends charge a higher price of a few hundred dollars more compared to weeknights citywide. Tourists prefer a lakefront experience, causing a greater concentration of Airbnb listings to be in lakefront neighborhoods. Specifically, zip codes 60614, 60622, 60647, and 60657 are all home to over 300 listings each. In these areas and other neighborhoods of Chicago, the average price per private room is $70 while 1-bedroom listings average $148.

Chicago, like other cities, has implemented legislation regarding short-term vacation rentals. The city requires a “vacation rental” license for those hosting short-term guests. The city also requires registering with the city if the property meets bed and breakfast standards. In addition, Chicago imposes a 4.5% “Hotel Accommodations Tax” for the listing price, although in some cases Airbnb can reimburse. Overall, while Chicago may not the most profitable or easiest place to start up an Airbnb, there is money to be made and plenty of demand.