Best Places in Illinois, United States to Invest in Airbnbs, Short-Term Rentals in 2025

Last updated: January 31, 2025

Discover the most lucrative short-term rental markets in Illinois, United States with AirROI's comprehensive investment guide. Whether you’re an experienced property investor or just starting your Airbnb journey, through detailed analysis of key metrics across premier global, our data-driven insights reveal where smart money is flowing in the short-term rental space. Using advanced market analytics and real performance data, we’ve identified investment hotspots that combine strong rental demand, favorable regulations, and optimal revenue potential.

Read on to explore the top-performing short-term rental markets that should be on every investor’s radar in 2024.

Explore Live Data

Top Short-Term Rental Cities in Illinois, United States

Rank:#1Market:ChicagoCountry:United StatesProperties:5,563Monthly Revenue:$3162.68Daily Rate:$217.05Occupancy:51.47%Regulation:High
Rank:#2Market:Guilford TownshipCountry:United StatesProperties:290Monthly Revenue:$4052.07Daily Rate:$325.44Occupancy:38.26%Regulation:Low
Rank:#3Market:ChampaignCountry:United StatesProperties:235Monthly Revenue:$2411.24Daily Rate:$175.05Occupancy:48.72%Regulation:Low
Rank:#4Market:Oak ParkCountry:United StatesProperties:214Monthly Revenue:$2276.98Daily Rate:$154.12Occupancy:51.40%Regulation:Low
Rank:#5Market:EvanstonCountry:United StatesProperties:202Monthly Revenue:$3128.03Daily Rate:$211.97Occupancy:53.33%Regulation:Low
Rank:#6Market:RockfordCountry:United StatesProperties:180Monthly Revenue:$2251.60Daily Rate:$155.13Occupancy:48.90%Regulation:Low
Rank:#7Market:SpringfieldCountry:United StatesProperties:162Monthly Revenue:$1756.79Daily Rate:$120.39Occupancy:51.78%Regulation:Low
Rank:#8Market:PeoriaCountry:United StatesProperties:157Monthly Revenue:$1392.13Daily Rate:$95.45Occupancy:48.64%Regulation:Low
Rank:#9Market:OttawaCountry:United StatesProperties:140Monthly Revenue:$1849.25Daily Rate:$188.97Occupancy:39.54%Regulation:Low
Rank:#10Market:GalenaCountry:United StatesProperties:134Monthly Revenue:$2292.99Daily Rate:$220.43Occupancy:34.81%Regulation:Low
Rank:#11Market:BloomingtonCountry:United StatesProperties:125Monthly Revenue:$1730.84Daily Rate:$130.31Occupancy:48.14%Regulation:Low
Rank:#12Market:UrbanaCountry:United StatesProperties:124Monthly Revenue:$2010.61Daily Rate:$180.68Occupancy:50.24%Regulation:Low
Rank:#13Market:CarbondaleCountry:United StatesProperties:123Monthly Revenue:$1647.02Daily Rate:$119.14Occupancy:41.74%Regulation:Low
Rank:#14Market:AuroraCountry:United StatesProperties:100Monthly Revenue:$1614.22Daily Rate:$123.91Occupancy:46.71%Regulation:Low

Our Methodology

At AirROI, we leverage advanced technology to process and analyze the world’s most comprehensive short-term rental dataset, helping investors make data-driven decisions.

Data Collection

  • Real-time data aggregation from tens of millions of listings globally
  • Comprehensive tracking of market-specific performance metrics
  • Local regulatory tracking

Data Processing

  • AI-powered analysis of booking patterns
  • Advanced machine learning for trend identification
  • Forward-looking market forecasting
  • Cross-market performance benchmarking

Key Metrics We Track

  • Occupancy rates and seasonal patterns
  • Revenue performance (ADR, RevPAR)
  • Market demand indicators
  • Investment metrics (ROI, operating costs)
  • Regulatory compliance requirements

How is your STR performing?

Your vacation rental may be amazing, but is it better than your competition? Enjoy the best-in-class AI-powered analytics for free!

Discover Insights

All Markets in Illinois, United States

AuroraBloomingtonCarbondaleChampaignChicagoEvanstonGalenaGuilford TownshipOak ParkOttawaPeoriaRockfordSpringfieldUrbana