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Top Airbnb Markets in Illinois
Awning's ranking of the best places for Airbnb investing in Illinois.
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State
Market size
Avg. Airbnb Price
Sort: Highest ROI
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Ottawa, IL

Ottawa, IL is a promising location for those investing in short-term rentals due to its proximity to Starved Rock State Park and the Illinois River, which attract a high volume of tourists year-round.

ROI *
+14%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Springfield, IL is a top pick for investors seeking a profitable Airbnb market due to its historical significance as the home of Abraham Lincoln and its popularity as a tourist destination for museums, festivals, and events.

ROI *
+11%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Champaign, IL is a wise choice for those investing in Airbnb rentals due to its large student population and proximity to the University of Illinois, as well as its growing tech industry and numerous cultural events and attractions.

ROI *
+11%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Rockford, IL is a top market for Airbnb investors due to its growing tourism industry and affordable real estate prices, making it a profitable location for short-term rentals.

ROI *
+8%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Antioch, IL is a top pick for investors seeking a profitable Airbnb market due to its proximity to popular tourist destinations like Lake Geneva and Chicago, as well as its abundance of outdoor recreational activities such as boating and hiking.

ROI *
+7%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Libertyville, IL presents an excellent opportunity for investors due to its strong economy, high median household income, and proximity to major cities like Chicago. Additionally, the city has a thriving downtown area with a variety of shops, restaurants, and entertainment options.

ROI *
+4%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Urbana, IL is a promising market for those seeking a profitable Airbnb investment due to its proximity to the University of Illinois and its growing tech industry, which attract a steady stream of visitors and business travelers.

ROI *
+2%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Oak Park, IL is a top market for Airbnb investors due to its proximity to Chicago, historic architecture, and cultural attractions. The city also has a high demand for short-term rentals due to its location near universities and hospitals.

ROI *
+3%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Evanston, IL is a promising location for those investing in short-term rentals due to its proximity to Northwestern University and Chicago, as well as its vibrant downtown area with numerous restaurants and shops.

ROI *
+0%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Chicago, IL has great potential for investors in the short-term rental market due to its high tourism rates, diverse neighborhoods, and strong demand for accommodations during major events and conferences.

ROI *
+0%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Forest Park, IL is a top destination for investors interested in the Airbnb rental market due to its proximity to Chicago and its vibrant nightlife and dining scene. Additionally, the city has a high demand for short-term rentals due to its location near major highways and public transportation.

ROI *
+2%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price
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