Illinois averages a 6.7% gross long-term rental yield on a $149,490 median 3-bedroom house, with $823 monthly rent. Yields range widely across the 1,395 neighborhoods in our dataset; the city guides below cover the markets investors most often ask about.
Property tax averages 1.8% of value across the state. Regulatory environments vary by city, with short-term rental rules in particular being a city-by-city question rather than a state-wide one. Each linked city guide covers its specific regulations, neighborhood-level yields, and total operating costs.
City Markets Covered in Illinois
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Illinois State-Level Snapshot
State-level medians smooth across very different markets. For example, in Illinois the spread between top-yielding neighborhoods in cheaper metros and premium metros often exceeds 6 percentage points. Click into any city guide above to see neighborhood-level rankings.
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View IllinoisData reflects market conditions as of April 2026. This information is for educational purposes only and should not be considered financial or legal advice. Regulations and market conditions change frequently. Verify current rules with local authorities before making investment decisions.