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Best Airbnb Markets in Illinois

Last updated on May 24th, 2024

Best Airbnb Markets in Illinois

Best Places to Buy an Airbnb in Illinois

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Last updated on: 12th May, 2024

USA / Illinois
82% of American responded that they only looked into one city before buying their first vacation rental property. However, by exploring multiple places, you can gain a broader understanding of the real estate landscape, potentially leading to more informed and profitable investment decisions.

We have gathered up all the important short-term rental indicators for you, so you don’t have to spend hours.

These are the 66 best places to start an Airbnb in Illinois, with an average host revenue of $2.45K+/month. A typical listing is booked for 237 nights a year.

Our Methodologies Data explanations … Read More
Occupancy Rate: It tells how often was a typical active property occupied over the last 12 months? The formula is “number_of_booked_days / number_of_available_days”.
Average Daily Rate: How much did hosts in this market charge per day over the last 12 months? This does not include cleaning fees.
Revenue: What’s the median revenue a property in this market generated over the last 12 months? This Revenue figure represents the median over the past 12 months and does not include taxes, service fees, or additional guest fees.
Number of listings: It is the total active listings over the past 12 months.
How do we collect the data?
Airbtics’ primary data source is attained through a web scraping software that directly takes data points from Airbnb. We also have secondary data sources from Airbnb hosts via iCal or vacation rental managers.
How accurate is the data?
Airbtics is dedicated to providing the most accurate data available in the market. Through the application of data science and machine learning algorithms, we train our various classifiers to consistently improve our data’s accuracy.
In addition to this, we make predictions based on Airbnb’s total revenue and it is 97% correlated with Airbnb’s official statement.

Top Airbnb markets in Illinois (with the highest Net Short Term Rental yields)

  1. Springfield

    Springfield, Illinois, is a historic city famous for being the hometown of Abraham Lincoln and is filled with attractions related to the former president. Visitors can explore the Lincoln Home National Historic Site, Lincoln’s Tomb, and the Abraham Lincoln Presidential Library and Museum, offering a glimpse into the life and legacy of one of America’s most beloved presidents.
    • Airbnb Occupancy Rate: 67%
    • Average Daily Rate: $96
    • Annual Revenue: $25,281
    • Total Listings: 231
  2. Oak Park

    Oak Park, Illinois, is a charming suburb of Chicago known for its rich architectural history, including the iconic Frank Lloyd Wright Home and Studio. Visitors can explore the beautiful tree-lined streets, visit historic landmarks, and enjoy the vibrant arts and culture scene.
    • Airbnb Occupancy Rate: 66%
    • Average Daily Rate: $113
    • Annual Revenue: $28,935
    • Total Listings: 290
  3. Chicago

    Chicago, Illinois, is a vibrant city known for its stunning architecture, diverse neighborhoods, and rich culture. Tourists can explore iconic landmarks such as Millennium Park, Navy Pier, and the Art Institute of Chicago, while also enjoying delightful cuisine, world-class museums, and lively festivals throughout the year.
    • Airbnb Occupancy Rate: 63%
    • Average Daily Rate: $131
    • Annual Revenue: $30,721
    • Total Listings: 7,641
  4. Champaign

    Champaign, Illinois, is a vibrant college town home to the University of Illinois Urbana-Champaign, attracting visitors with its lively arts scene, diverse dining options, and historic landmarks. Tourists can explore museums, attend performances, and experience the energetic atmosphere of this bustling Midwestern city.
    • Airbnb Occupancy Rate: 58%
    • Average Daily Rate: $113
    • Annual Revenue: $25,311
    • Total Listings: 340
  5. Rockford

    Rockford, Illinois, is a vibrant city with a rich cultural heritage and a variety of attractions for visitors. From exploring museums and galleries to enjoying outdoor activities along the Rock River, there is something for everyone to enjoy in Rockford. Visitors can also experience the city’s lively music scene, delicious local cuisine, and friendly community atmosphere.
    • Airbnb Occupancy Rate: 66%
    • Average Daily Rate: $86
    • Annual Revenue: $19,149
    • Total Listings: 251

All Profitable Airbnb Markets to Invest in Illinois

Madison-market-image
Madison, IL

Madison, IL

26 listings
45%
Airbnb
Occupancy Rate
$114
Average
Daily Rate
$17,618
Annual
Revenue
Alton-market-image
Alton, IL

Alton, IL

46 listings
62%
Airbnb
Occupancy Rate
$126
Average
Daily Rate
$24,444
Annual
Revenue
Loves Park-market-image
Loves park, IL

Loves park, IL

18 listings
67%
Airbnb
Occupancy Rate
$132
Average
Daily Rate
$36,302
Annual
Revenue
Decatur-market-image
Decatur, IL

Decatur, IL

81 listings
66%
Airbnb
Occupancy Rate
$86
Average
Daily Rate
$23,083
Annual
Revenue
Peoria-market-image
Peoria, IL

Peoria, IL

177 listings
67%
Airbnb
Occupancy Rate
$76
Average
Daily Rate
$17,336
Annual
Revenue
Belleville-market-image
Belleville, IL

Belleville, IL

64 listings
72%
Airbnb
Occupancy Rate
$93
Average
Daily Rate
$24,763
Annual
Revenue
East Peoria-market-image
East peoria, IL

East peoria, IL

28 listings
64%
Airbnb
Occupancy Rate
$87
Average
Daily Rate
$27,138
Annual
Revenue
Galesburg-market-image
Galesburg, IL

Galesburg, IL

20 listings
60%
Airbnb
Occupancy Rate
$105
Average
Daily Rate
$23,398
Annual
Revenue
Macomb-market-image
Macomb, IL

Macomb, IL

27 listings
54%
Airbnb
Occupancy Rate
$116
Average
Daily Rate
$20,891
Annual
Revenue
McHenry-market-image
Mchenry, IL

Mchenry, IL

10 listings
49%
Airbnb
Occupancy Rate
$156
Average
Daily Rate
$30,568
Annual
Revenue
Moline-market-image
Moline, IL

Moline, IL

64 listings
72%
Airbnb
Occupancy Rate
$90
Average
Daily Rate
$23,657
Annual
Revenue
Peoria Heights-market-image
Peoria heights, IL

Peoria heights, IL

51 listings
68%
Airbnb
Occupancy Rate
$100
Average
Daily Rate
$26,114
Annual
Revenue
Springfield-market-image
Springfield, IL

Springfield, IL

231 listings
67%
Airbnb
Occupancy Rate
$96
Average
Daily Rate
$25,281
Annual
Revenue
Kankakee-market-image
Kankakee, IL

Kankakee, IL

18 listings
59%
Airbnb
Occupancy Rate
$137
Average
Daily Rate
$25,605
Annual
Revenue
Palos Hills-market-image
Palos hills, IL

Palos hills, IL

14 listings
55%
Airbnb
Occupancy Rate
$158
Average
Daily Rate
$33,226
Annual
Revenue
Lisle-market-image
Lisle, IL

Lisle, IL

21 listings
76%
Airbnb
Occupancy Rate
$150
Average
Daily Rate
$47,872
Annual
Revenue
Woodstock-market-image
Woodstock, IL

Woodstock, IL

24 listings
66%
Airbnb
Occupancy Rate
$194
Average
Daily Rate
$36,877
Annual
Revenue
Rock Island-market-image
Rock island, IL

Rock island, IL

47 listings
64%
Airbnb
Occupancy Rate
$82
Average
Daily Rate
$18,593
Annual
Revenue
Homewood-market-image
Homewood, IL

Homewood, IL

20 listings
64%
Airbnb
Occupancy Rate
$165
Average
Daily Rate
$40,845
Annual
Revenue
Oak Lawn-market-image
Oak lawn, IL

Oak lawn, IL

22 listings
59%
Airbnb
Occupancy Rate
$147
Average
Daily Rate
$47,133
Annual
Revenue
Crystal Lake-market-image
Crystal lake, IL

Crystal lake, IL

17 listings
70%
Airbnb
Occupancy Rate
$165
Average
Daily Rate
$40,148
Annual
Revenue
Calumet City-market-image
Calumet city, IL

Calumet city, IL

15 listings
41%
Airbnb
Occupancy Rate
$136
Average
Daily Rate
$22,285
Annual
Revenue
Quincy-market-image
Quincy, IL

Quincy, IL

93 listings
69%
Airbnb
Occupancy Rate
$108
Average
Daily Rate
$26,530
Annual
Revenue
Downers Grove-market-image
Downers grove, IL

Downers grove, IL

31 listings
61%
Airbnb
Occupancy Rate
$141
Average
Daily Rate
$30,780
Annual
Revenue
Urbana-market-image
Urbana, IL

Urbana, IL

175 listings
65%
Airbnb
Occupancy Rate
$73
Average
Daily Rate
$14,984
Annual
Revenue
Lombard-market-image
Lombard, IL

Lombard, IL

22 listings
69%
Airbnb
Occupancy Rate
$144
Average
Daily Rate
$40,733
Annual
Revenue
Pekin-market-image
Pekin, IL

Pekin, IL

24 listings
60%
Airbnb
Occupancy Rate
$78
Average
Daily Rate
$20,578
Annual
Revenue
Chillicothe-market-image
Chillicothe, IL

Chillicothe, IL

13 listings
27%
Airbnb
Occupancy Rate
$120
Average
Daily Rate
$11,438
Annual
Revenue
Rolling Meadows-market-image
Rolling meadows, IL

Rolling meadows, IL

14 listings
29%
Airbnb
Occupancy Rate
$184
Average
Daily Rate
$13,143
Annual
Revenue
Edwardsville-market-image
Edwardsville, IL

Edwardsville, IL

22 listings
41%
Airbnb
Occupancy Rate
$189
Average
Daily Rate
$28,566
Annual
Revenue
Forest Park-market-image
Forest park, IL

Forest park, IL

99 listings
68%
Airbnb
Occupancy Rate
$129
Average
Daily Rate
$26,899
Annual
Revenue
Wheaton-market-image
Wheaton, IL

Wheaton, IL

44 listings
70%
Airbnb
Occupancy Rate
$174
Average
Daily Rate
$43,123
Annual
Revenue
Glenview-market-image
Glenview, IL

Glenview, IL

42 listings
59%
Airbnb
Occupancy Rate
$99
Average
Daily Rate
$17,542
Annual
Revenue
Berwyn-market-image
Berwyn, IL

Berwyn, IL

93 listings
66%
Airbnb
Occupancy Rate
$116
Average
Daily Rate
$27,823
Annual
Revenue
Oak Park-market-image
Oak park, IL

Oak park, IL

290 listings
66%
Airbnb
Occupancy Rate
$113
Average
Daily Rate
$28,935
Annual
Revenue
Naperville-market-image
Naperville, IL

Naperville, IL

77 listings
67%
Airbnb
Occupancy Rate
$123
Average
Daily Rate
$33,893
Annual
Revenue
Joliet-market-image
Joliet, IL

Joliet, IL

64 listings
62%
Airbnb
Occupancy Rate
$98
Average
Daily Rate
$19,559
Annual
Revenue
East Moline-market-image
East moline, IL

East moline, IL

24 listings
51%
Airbnb
Occupancy Rate
$99
Average
Daily Rate
$19,263
Annual
Revenue
Chicago-market-image
Chicago, IL

Chicago, IL

7,641 listings
63%
Airbnb
Occupancy Rate
$131
Average
Daily Rate
$30,721
Annual
Revenue
Des Plaines-market-image
Des plaines, IL

Des plaines, IL

60 listings
65%
Airbnb
Occupancy Rate
$130
Average
Daily Rate
$37,390
Annual
Revenue
Elmhurst-market-image
Elmhurst, IL

Elmhurst, IL

30 listings
58%
Airbnb
Occupancy Rate
$194
Average
Daily Rate
$38,688
Annual
Revenue
Waukegan-market-image
Waukegan, IL

Waukegan, IL

99 listings
63%
Airbnb
Occupancy Rate
$159
Average
Daily Rate
$34,462
Annual
Revenue
Bloomington-market-image
Bloomington, IL

Bloomington, IL

123 listings
64%
Airbnb
Occupancy Rate
$94
Average
Daily Rate
$24,613
Annual
Revenue
Darien-market-image
Darien, IL

Darien, IL

14 listings
72%
Airbnb
Occupancy Rate
$140
Average
Daily Rate
$42,254
Annual
Revenue
Champaign-market-image
Champaign, IL

Champaign, IL

340 listings
58%
Airbnb
Occupancy Rate
$113
Average
Daily Rate
$25,311
Annual
Revenue
Evanston-market-image
Evanston, IL

Evanston, IL

267 listings
68%
Airbnb
Occupancy Rate
$129
Average
Daily Rate
$32,763
Annual
Revenue
Pontiac-market-image
Pontiac, IL

Pontiac, IL

14 listings
59%
Airbnb
Occupancy Rate
$131
Average
Daily Rate
$29,435
Annual
Revenue
Aurora-market-image
Aurora, IL

Aurora, IL

125 listings
66%
Airbnb
Occupancy Rate
$100
Average
Daily Rate
$26,836
Annual
Revenue
Wilmette-market-image
Wilmette, IL

Wilmette, IL

22 listings
59%
Airbnb
Occupancy Rate
$170
Average
Daily Rate
$33,156
Annual
Revenue
Westmont-market-image
Westmont, IL

Westmont, IL

22 listings
73%
Airbnb
Occupancy Rate
$159
Average
Daily Rate
$38,884
Annual
Revenue
Morton Grove-market-image
Morton grove, IL

Morton grove, IL

8 listings
76%
Airbnb
Occupancy Rate
$150
Average
Daily Rate
$43,096
Annual
Revenue
Skokie-market-image
Skokie, IL

Skokie, IL

75 listings
71%
Airbnb
Occupancy Rate
$130
Average
Daily Rate
$31,921
Annual
Revenue
Mount Prospect-market-image
Mount prospect, IL

Mount prospect, IL

20 listings
67%
Airbnb
Occupancy Rate
$85
Average
Daily Rate
$21,890
Annual
Revenue
Elgin-market-image
Elgin, IL

Elgin, IL

62 listings
68%
Airbnb
Occupancy Rate
$122
Average
Daily Rate
$22,750
Annual
Revenue
Schaumburg-market-image
Schaumburg, IL

Schaumburg, IL

50 listings
54%
Airbnb
Occupancy Rate
$225
Average
Daily Rate
$43,872
Annual
Revenue
Arlington Heights-market-image
Arlington heights, IL

Arlington heights, IL

26 listings
65%
Airbnb
Occupancy Rate
$134
Average
Daily Rate
$38,252
Annual
Revenue
Highland Park-market-image
Highland park, IL

Highland park, IL

47 listings
71%
Airbnb
Occupancy Rate
$151
Average
Daily Rate
$47,214
Annual
Revenue
River Forest-market-image
River forest, IL

River forest, IL

18 listings
62%
Airbnb
Occupancy Rate
$130
Average
Daily Rate
$28,483
Annual
Revenue
Palatine-market-image
Palatine, IL

Palatine, IL

8 listings
76%
Airbnb
Occupancy Rate
$57
Average
Daily Rate
$13,547
Annual
Revenue
Mundelein-market-image
Mundelein, IL

Mundelein, IL

27 listings
65%
Airbnb
Occupancy Rate
$132
Average
Daily Rate
$18,775
Annual
Revenue
Yorkville-market-image
Yorkville, IL

Yorkville, IL

22 listings
51%
Airbnb
Occupancy Rate
$149
Average
Daily Rate
$33,015
Annual
Revenue
Woodridge-market-image
Woodridge, IL

Woodridge, IL

17 listings
68%
Airbnb
Occupancy Rate
$144
Average
Daily Rate
$44,621
Annual
Revenue
Galena-market-image
Galena, IL

Galena, IL

130 listings
47%
Airbnb
Occupancy Rate
$203
Average
Daily Rate
$37,332
Annual
Revenue
Elmwood Park-market-image
Elmwood park, IL

Elmwood park, IL

14 listings
72%
Airbnb
Occupancy Rate
$164
Average
Daily Rate
$51,810
Annual
Revenue
Rockford-market-image
Rockford, IL

Rockford, IL

251 listings
66%
Airbnb
Occupancy Rate
$86
Average
Daily Rate
$19,149
Annual
Revenue
Park Ridge-market-image
Park ridge, IL

Park ridge, IL

13 listings
51%
Airbnb
Occupancy Rate
$92
Average
Daily Rate
$15,570
Annual
Revenue

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