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Property Managers in Chicago, IL

Compare top property management companies in Chicago, IL. Review services and vetting status, then reach out or request a free quote.

Green Ivy Realty & Property Management
Rusty Rantz Broker/Owner
Chicago, IL [ Serves Chicago ]
Unverified
We are an established property management firm that represents the region with quality, professionalism, and knowledge. We specialize in single-family and small residential homes, including duplexes, condos, townhomes, and the like. We maintain membership in the following organizations, which help us to constantly increase our abilities and professionalism: National Association of Realtors Illinois Association of Realtors Chicago Association for Realtors Multiple Listing Service of Northern Illinois HomeRentals.net
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DMG Realty Group
Pablo Ayala Marketing and Sales
Chicago, IL
Unverified
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Pangea Equity
Alan Lagunov
Chicago, IL
Unverified Long-term Residential
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JM Rentals
Melissa Mercado
Chicago, IL
Unverified Long-term Residential
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Vicki Cole Realty Company
Vicki Cole
Chicago, IL
Unverified Long-term Residential
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TriView Property & Investments
Nathan Brown
Chicago, IL
Unverified
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Peak Properties
Michael Zucker
Chicago, IL
Unverified
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RMS Rosen Management Services
Randy Rosen
Chicago, IL
Unverified
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Rental market in Chicago: rising rents

In Chicago, Census median gross rent rose about 27.8% over the last five years, rents on a clear upward path. The market also shows renters in 42.3% of homes, three-bedroom rents about 3% above the U.S. average, and vacancy near 7.7%. The typical home is valued near $324,500, and the median household earns about $83,498 a year, with renters spending a median 29.5% of income on rent.

Market at a glance

Rents & affordability

+4% 2-bed vs U.S. rent
+3% 3-bed vs U.S. rent
+4% 4-bed vs U.S. rent
+27.8% Rent trend, 5-yr
29.5% Rent-to-income

People & households

42.3% Renter-occupied
5,182,090 Population
-0.3% Population, 5-yr
$83,498 Median household income

Housing stock

7.7% Vacancy rate
$324,500 Median home value
1961 Median year built
45.0% Single-family homes

Jobs

4.9% Unemployment rate
Rent vs the U.S. average, by bedroom size
U.S. average 2-bed +4% 3-bed +3% 4-bed +4%
Who rents vs owns
Renters 42.3% Owners 57.7%

Professional property management in Chicago typically covers pricing, listings, tenant screening, rent collection, and repairs. About 45.0% of local housing is single-family, a common focus for rental owners. With vacancy near 7.7%, rent positioning and days on market can shape your return. Area unemployment is 4.9% as of August 2026. Compare the managers above and request a free quote.

Rents here are long-term residential, not vacation or short-term. Non-residential property is not priced above, though its rents usually track the same local direction, so the residential trend is still a useful guide.

Frequently asked questions

Are rents rising in Chicago?

In the past five years, Census median gross rent rose close to 27.8%.

How do rents in Chicago compare to the national average?

Relative to the U.S. as a whole: two-bedroom +4%, three-bedroom +3%, four-bedroom +4%. Each figure compares a bedroom size to the typical U.S. rent, not a rent we set.

Is Chicago a good market for rental property?

Rents here have risen in recent years, which can favor owners who buy at the right price. Renters make up 42.3% of households and vacancy sits near 7.7%. Three-bedroom rents run about 3% above the national average, and rents rose about 27.8% over five years.

How strong is rental demand in Chicago?

Renters occupy 42.3% of homes, and the population of 5,182,090 declined 0.3% over five years. Vacancy runs near 7.7%.

Rent shown as a deviation from the typical U.S. rent, a national average weighted by renter population, from HERO and HUD reference data. Demographics, population, and rent trend from the U.S. Census Bureau ACS 2020-2024 5-year estimates at the county level, with the five-year trend measured against the 2015-2019 estimates. Unemployment from the U.S. Bureau of Labor Statistics (August 2026).