Is it profitable to do Airbnb in Chicago, United States?

What is the occupancy rate of Airbnb in Chicago, United States?

What is the average daily rate of Airbnb in Chicago, United States?

Chicago, Airbnb Market Statistics & Data, United States

A typical short-term rental listing in Chicago is booked for 241 nights a year, with a median occupancy rate of 66% and an average daily rate of $138. In 2023, a typical host income (annual revenue) was $31K. As of 12th September, 2024, there are 6,722 active Airbnb listings.

Average Revenue: $31K/yr
Occupancy Rate
66%
Avg Daily Rate
$138
Mid Scale
No. of Listings
9,389
Big
YoY Revenue Change
-0.62%
Best Month
June
Regulation
Lenient
Learn More >
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
$1,677
Average
$2,608
High
$3,484



Is Airbnb Profitable in Chicago?

Yes, there is good short-term rental demand. A 66% median occupancy rate is considered a good market for Airbnb. The graph below shows the average monthly host income by month.
Tip! investing in a short-term rental can be highly stable and profitable. It’s stable because housing has been one of the most stable asset classes. Also, when you can’t do an Airbnb anymore, you can still rent it out to a long-term tenant with a lower yield. It is highly profitable because the monthly cash flow from short-term rental investment typically is double the amount of traditional rentals.

Starting an Airbnb in Chicago

Short-term rental regulation is lenient in Chicago. Very few Airbnb listing currently have put their license number on their Airbnb listing. This likely means the local government is not strictly enforcing the short-term rental-related regulations.
Average Airbnb Occupancy Rate in Chicago
A typical listing recorded a 66% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 7.57% of the guests are international guests, and visitors from United states is the largest group. Learn more about guest origin!.

You can find the distribution graph of daily rate and revenue in our market dashboard.
Occupancy Rate: 66%
6,722 Active Listings
Signup and check out more in-depth vacation rental data for free.
Explore Chicago's Airbnb Data
market map image
Best Areas in Chicago for Airbnb
Are you wondering where to invest in Chicago? Look no further!
  1. Downtown Chicago
  2. Navy Pier
  3. Millennium Park
  4. The Magnificent Mile
  5. Willis Tower Skydeck
  6. Art Institute of Chicago
  7. Lincoln Park
  8. Chicago Riverwalk
  9. Shedd Aquarium
  10. Wrigley Field
Top demand Airbnb in Chicago
Airbtics has been tracking all Airbnb listings since 2019. This allows us to understand interesting metrics, like which properties earn the most in the market. Here are our top picks. Go to the app to find detailed information about 6,722 listings.
listing_image
Private room & 1 Bed
⭐5.0 (14)
Quiet stay in Private Room
$12,345
Revenue Potential
234
Days Available
$121,345
Revenue
74%
Occupancy Rate
$49
Daily Rate
View Listing
listing_image
Entire home & 2 Bed
⭐5.0 (28)
Beverly Area Boutique -Central (South) Location
$12,345
Revenue Potential
234
Days Available
$121,345
Revenue
74%
Occupancy Rate
$211
Daily Rate
View Listing
listing_image
Entire home & 2 Bed
⭐5.0 (12)
Historic Worker's Cottage
$12,345
Revenue Potential
234
Days Available
$121,345
Revenue
74%
Occupancy Rate
$125
Daily Rate
View Listing
listing_image
Entire home & 3 Bed
⭐5.0 (85)
Cozy, Artsy Gem in Historic Pullman
$12,345
Revenue Potential
234
Days Available
$121,345
Revenue
74%
Occupancy Rate
$179
Daily Rate
View Listing
listing_image
Private room & 1 Bed
⭐5.0 (19)
Jeffery Manor - Private Room
$12,345
Revenue Potential
234
Days Available
$121,345
Revenue
74%
Occupancy Rate
$31
Daily Rate
View Listing
listing_image
Entire home & 5 Bed
⭐5.0 (54)
Spacious 3 Level Home with 5 BDR/3 BA & 2 Kitchens
$12,345
Revenue Potential
234
Days Available
$121,345
Revenue
74%
Occupancy Rate
$437
Daily Rate
View Listing
See 6,722 listing Statistics
Professional Short-term rental property managers in Chicago
We've compiled a list of host profiles that manage the most Airbnb properties in Chicago. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
NameListingsRatingRevenue
Cloud9604.3$1,23,234
Milan834.8$1,23,234
Studebecker464.8$1,23,234
Hubbard Holdings174.6$1,23,234
Dmd454.6$1,23,234
Other short-term rental market data in Chicago
Here is a breakdown of short-let properties in Chicago. You might wonder about more specific data before buying an Airbnb property. For example, how much can an average listing with 4 bedrooms and a pool make? Or, what is the seasonality in booking? When is the peak month? Click the below button and check out more in-depth vacation rental data for free.
Property Size
Amenities
Property Type


Cancelation Policy Type


By Channel Type