Looking for Qualified Property Management Companies in Chicago, IL?

We work tirelessly to find the best property managers, so you don’t have to. Please see our recommended property management companies below for your area or filter by property and zip for a perfect match.

Specialty # of Agencies
Single House or Condo 7
Apartment Buildings 10
Home Owners Association 12
Total Local Companies 24

The average rent for a 3 bedroom house in Chicago, IL is $1,331.00. When you receive your requested free market assessment, compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.

Chicago, IL Rental Market Overview

The third largest city in the US, Chicago is a major hub for finance, manufacturing, telecommunications, and transportation, among other industries. Home to 12 Fortune 500 companies, the O'Hare Airport, a thriving arts community, President Barack Obama, and world-famous pizza, Chicago is an economic powerhouse. According to the city's official web site, it's also a "very passionate sports town," which wholeheartedly supports its teams, including the world-class Chicago Cubs, White Sox, Bears and Bulls. A multicultural city, Chicago boasts the second largest labor pool in the United States, which makes the Windy City a good place to own rental property.

Chicago Rentals Market Trends Favor Landlords

As with many cities, Chicago's rental market is experiencing a boom. Young professionals, discouraged by the housing market's recent decline, or unable to purchase properties now that banks are becoming much more conservative in their lending practices, increasingly prefer the flexibility that comes with renting---even with rental prices that equal or exceed the mortgage on a comparable home. With apartment complex construction slowing, rent prices are predicted to rise over the next few years. At the same time, many current homeowners are choosing to rent their houses out, rather than sell them, when it comes time to move. All of these factors ensure that both Chicago rental properties and Chicago property management companies will remain in high demand for the foreseeable future.

Chicago Rental Market at a Glance

  Chicago Area US
2013 Population 9.5 million 380 million
2010 Percentage of renters 33.03% 34.0%
2013 (1st Q) Rental vacancy rate 12.2% 8.4%
2013 Median house price $219,000 $185,400
2013 Median income $47,371 $51,425
2013 Median rent (3 bedroom) $1,318 $1,350

After a drop in its vacancy rate to 8.8% during the first quarter of 2012, the Chicago, Illinois metro area (population 9,522,434) is currently at a vacancy rate of 12.2%. Its median rent has remained relatively flat over the last three years and is at $1,318 for 2013. The median family income is $47,371 and the median home price is $219,000.

Finding Chicago Property Management Companies

Finding the right property manager is essential to growing your business.

Use Halby to select from among Chicago's best property management companies. Type your zip code into our search widget to find companies who manage properties in Chicago---then request free quotes.

Chicago Stories From our Blog:

Property Management Requirements in Illinois

Chicago-Area Investors Scouting Market for Low-Cost Opportunities.

Chicago Housing Efforts Take New Direction.

Gangsters & Speakeasies: Buildings of Historic Chicago

Top Single Family Managers

10307 Main Street , PO BOX 101
Richmond, IL 60071

Managing: Single-Family : Multi-Family :
We handle all aspects of finding a renter for your property. Because we have multiple properties we are able to use ...

2901 N. Halsted St.
Chicago, IL 60657

Managing: Single-Family : Multi-Family :
Specializing in property management and leasing of single unit condominiums, town homes and apartment buildings in Chicago.

2940 Commerce
Franklin Park, IL 60131

Managing: Single-Family : Multi-Family :
The Trusted Leader in Residential Property Management & Leasing.

Top Multi-Family Managers

2211 N. Elston, Suite 301
Chicago, IL 60614

Managing: Multi-Family : Association :
We are a reputable Chicago-focused firm offering a customizable menu of services to fulfill every property management ...

10307 Main Street , PO BOX 101
Richmond, IL 60071

Managing: Single-Family : Multi-Family :
We handle all aspects of finding a renter for your property. Because we have multiple properties we are able to use ...

2901 N. Halsted St.
Chicago, IL 60657

Managing: Single-Family : Multi-Family :
Specializing in property management and leasing of single unit condominiums, town homes and apartment buildings in Chicago.

Top Association Managers

4311 N. Ravenswood
Chicago, IL 60613

Managing: Association :
Low per-unit cost. Pro-trained managers. Easy online tools. You'll say never again to the old way.

One Lincolnshire Lance
Lincolnshire, IL 60069

Managing: Multi-Family : Association : Commercial
We are a full-service residential and commercial property management company committed to maximizing your property's poten...

5215 Old Orchard Rd., Suite 300
Skokie, IL 60077

Managing: Association :
Serving Chicago and its suburbs as a leader in professional property management and for more than 125 years.

Additional Property Management in Chicago, IL

825 N. Cass Ave., Suite 107
Westmont, IL 60559

Managing: Single-Family : Multi-Family :
Offering the highest possible return on your property investment without any stress related to property management.

1000 N. Milwaukee Ave.
Chicago, IL 60642

Managing: Single-Family : Multi-Family : Association :
We offer a broad range of services and flexible approach to effectively manage Chicago real estate.

Office locations in , Flossmoor, Frankfurt, Chicago and
Orland Park, IL 60462

Managing: Single-Family :
Offering quality service at competitive prices!

150 S. Wacker Drive
Chicago, IL 60606

Managing: Multi-Family : Commercial
We offer boutique-style management services to our clients.

1710 West Belmont Avenue
Chicago, IL 60657

Managing: Multi-Family :
Root Realty is the Property Manager you can trust with your investments. 30 years in business delivering optimal results.

2066 Ridge Road
Homewood, IL 60430

Managing: Commercial
Commercial, Leasing, Management & Investment Property Sales - Over 55 properties under management.

5226 Blodgett Ave
Downers Grove, IL 60515

Managing: Single-Family :
We have over 10 years of residential property management experience

1900 S. Highland Avenue
Lombard, IL 60148

Managing: Association : Commercial
We are committed to achieving the highest level of professional standards and to ensuring our clients' satisfaction.

3041 Woodcreek DriveSuite 100
Downers Grove, IL 60515

Managing: Association :
Providing management solutions to Condominium, Townhome and Homeowner Associations.

800 S. Gay Street , Suite 700
Knoxville, TN 37929

Managing: Association :
We offer REMOTE and VIRTUAL accounting services to Community Associations.

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