Chicago Property Management Blog

Andersonville is one of Chicago’s most distinctive rental markets, celebrated for its Swedish heritage, independent shops, and strong neighborhood identity. Located on the North Side near Edgewater, it offers renters a mix of vintage flats, modern condos, and boutique apartment buildings. The area’s walkable Clark Street corridor, filled with restaurants and local businesses, attracts young professionals and families who val...

We want to share a tale of two flats. Once upon a time (last spring), two identical two-bedroom rental properties hit the Chicago rental market. Both accepted pets.One filled in nine days after attracting 24 qualified applicants.The other sat vacant for 46 days and only had three applications.The owner reduced the rent by $150 per month to secure a lease. Over the next year, that difference cost nearly $3,000 in lost income and extra ca...

Oak Lawn continues to be one of the most stable rental markets in Chicago’s southwest suburbs, offering a strong mix of single-family homes, condos, and apartments that attract long-term renters. Its location near major highways, hospitals, and employers keeps demand steady throughout the year, but being a successful landlord here requires more than just posting a listing. Understanding how long it really takes to secure a tenant,...

Wicker Park is one of Chicago’s trendiest rental markets, known for its arts scene, boutique shopping, and vibrant nightlife. Located on the West Side near Bucktown, the neighborhood offers renters a mix of historic walk‑ups, loft conversions, and modern condos. Its proximity to the Blue Line, easy access to downtown, and lively dining corridors along Milwaukee, Damen, and North Avenue make it especially popular with young profe...

Oak Park stands out as one of Chicago’s most desirable rental communities, known for its historic architecture, walkable streets, and strong tenant demand year-round. Its mix of vintage apartments, single-family homes, and multi-unit buildings attracts renters who want the charm of a close-knit suburb with quick access to the city. For landlords, though, managing property in Oak Park comes with its own set of local rules and timin...

North Park is one of Chicago’s most understated rental markets, defined by its quiet residential streets and strong educational presence. With North Park University and Northeastern Illinois University anchoring the area, the neighborhood attracts students, faculty, and families who value stability and affordability. Unlike trend‑driven areas closer to downtown, North Park offers a calmer environment with access to parks, cultur...

Mount Prospect continues to draw steady attention from renters who want suburban comfort with city-level convenience. The community’s walkable downtown, Metra access, and variety of housing options make it one of the northwest suburbs’ most competitive rental markets. For landlords, that popularity creates opportunity but also requires strategy. Knowing how long it actually takes to fill a vacancy, what rent levels make sens...

Uptown is one of Chicago’s most historic and culturally rich rental markets, located on the North Side along the lakefront. Known for its jazz clubs, vintage theaters, and diverse community, Uptown offers renters a mix of classic courtyard apartments, mid‑rise condos, and newer developments near the Wilson and Lawrence Red Line stations. Its affordability compared to nearby Lakeview and Edgewater makes it attractive to students,...

Franklin Park continues to be one of the most reliable rental markets near Chicago, offering strong demand from working professionals and families who value its convenient location and affordable housing options. With easy access to O’Hare, major highways, and nearby industrial job centers, the area attracts renters looking for both stability and value. For landlords, though, success in Franklin Park requires more than just a good...

Edgewater is one of Chicago’s most diverse and affordable rental markets, offering a mix of vintage apartments, mid‑rise condos, and newer developments along the lakefront. Located on the Far North Side, the neighborhood is best known for its beaches at Foster and Hollywood, walkable retail corridors along Broadway and Clark, and easy access to Loyola University. Renters are drawn to Edgewater for its balance of affordability an...