Chicago, Illinois
Airbnb Data and Analytics - June 2017


Airbnb Market Report

Chicago, Illinois
6,779 active rentals
Jun '15 - May '17
USD $129.95
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Select a neighborhood
Jun '15 - May '17

Avondale
141 active rentals
Bridgeport
79 active rentals
Bronzeville
145 active rentals
Bucktown
103 active rentals
Edgewater
172 active rentals
Garfield Park
60 active rentals
Humboldt Park
241 active rentals
Hyde Park
106 active rentals
Irving Park
106 active rentals
Kenwood
56 active rentals
Lakeview
809 active rentals
Lincoln Park
318 active rentals
Lincoln Square
115 active rentals
Logan Square
379 active rentals
Loop
420 active rentals
Near North Side
263 active rentals
Near West Side
173 active rentals
North Center
144 active rentals
Old Town
64 active rentals
Pilsen
216 active rentals
River North
297 active rentals
River West
36 active rentals
Rogers Park
154 active rentals
South Loop Printers Row
220 active rentals
Streeterville
153 active rentals
Ukrainian Village
150 active rentals
Uptown
277 active rentals
West Loop Greektown
124 active rentals
West Town Noble Square
238 active rentals
Wicker Park
267 active rentals
Select a zip code
Jun '15 - May '17

60601
257 active rentals
60602
67 active rentals
60605
172 active rentals
60606
27 active rentals
60607
128 active rentals
60608
293 active rentals
60609
55 active rentals
60610
280 active rentals
60611
273 active rentals
60612
162 active rentals
60613
344 active rentals
60614
393 active rentals
60615
158 active rentals
60616
195 active rentals
60618
315 active rentals
60622
552 active rentals
60625
136 active rentals
60626
138 active rentals
60630
62 active rentals
60637
84 active rentals
60640
274 active rentals
60641
66 active rentals
60642
224 active rentals
60645
64 active rentals
60647
548 active rentals
60651
40 active rentals
60653
127 active rentals
60654
177 active rentals
60657
556 active rentals
60660
132 active rentals
60661
61 active rentals
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Airbnb Host Information

 4,553 
active hosts
 856 
multiple listing hosts
 1554 
superhosts

Airbnb Property Information

 6,779 
active Airbnb rentals
 3,503 
10 or more reviews
 3,356 
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-Right Next To 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 Pearl in the Park Entire Place 2 87
8 Comfy 3BD/1BA, garage spot included Entire Place 3 87
9 Dream Condo steps from Wrigley Field! Entire Place 2 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.

https://www.airbnb.com/help/article/861