STATE COVERAGE
Airbnb Revenue Management in Illinois
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RevFactor manages 1 Airbnb listing in Illinois, in Chicago, for a flat $350 per property per month. Chicago averaged $299 a night at 52% occupancy, or $159 RevPAR, across 6,384 active listings in AirROI data pulled 2026-10-16.
Author: Federico Zimerman, Founder of RevFactor. He spent 10 years in airline revenue management at American Airlines before founding Blackbird Hospitality and RevFactor. LinkedIn.
Reviewed: by the RevFactor strategist process. Listing counts come from the coverage map on the about page, market figures from the AirROI pull dated below, and case study figures from the case study pages. Nothing here is estimated. Last modified 2026-10-21.
Where does RevFactor operate in Illinois?
Illinois has one RevFactor market with one locality: 1 home in Chicago. That is a small footprint, and this page says so plainly. It is a full page because the market is large and the data is solid, not because RevFactor has a deep book there.
| Market | Listings | Localities and listings |
|---|---|---|
| Chicago | 1 | Chicago 1 |
Chicago has no market page of its own and no monthly RevPAR series on this site. The summary row below is everything RevFactor has measured, and the portfolio-wide results sit on the benchmarks page.
What do Illinois Airbnb markets earn?
One Illinois locality was pulled from AirROI on 2026-10-16. The Chicago sample is 6,384 active listings, the third largest of any market RevFactor tracks, so the average is stable even though RevFactor's own count is one.
| Market | ADR | Occupancy | RevPAR | Lead time | Stay | AirROI listings |
|---|---|---|---|---|---|---|
| Chicago | $299 | 52% | $159 | 46 days | 5.1 nights | 6,384 |
Occupancy is the strong number: 52% of nights are filled, sixth highest of the 50 markets with a measured sample on the RevFactor map. The $299 rate is mid-table, 31st of 50, and together they produce $159 RevPAR.
Guests stay 5.1 nights and book 46 days ahead. The data does not say which guests drive the stay length, and I do not guess.
The state roll-up is the Chicago row. With one market there is nothing to average, so I print no computed Illinois figure, and the numbers above are AirROI's for Chicago and not for the state.
Chicago is also one of the deepest markets on the map. San Diego, the largest market with a RevFactor page, has 9,801 active listings and Chicago has 6,384. San Diego averages $402 at 54% occupancy, so Chicago fills about as often at a rate roughly 26% lower.
For an owner, depth is both good and bad news. It means a dependable comp set exists for almost any home, and it means a home with nothing distinctive competes with hundreds of near twins. The strategist's job is to find what separates one listing from the pack and price to that.
When do Illinois markets earn the most?
| Market | Best month | Best RevPAR | Weakest month | Weakest RevPAR | Best to weakest |
|---|---|---|---|---|---|
| Chicago | June | $234 | January | $73 | 3.2x |
How do we price an Airbnb in Illinois?
A single-home market is a different job from a portfolio market. With one Chicago listing I have no RevFactor pattern to cite, so the work starts from the comp set and the home's own history. AirROI's 6,384 listings supply the context, and the owner's PriceLabs data supplies the evidence.
The first step is the comp set. Chicago has a wide range of homes, from studios to multi-bedroom houses, and the $299 average rate covers all of them. I narrow the set by bedroom count, neighborhood and amenities before I set a base rate, since a rate drawn from the market average will be wrong for a specific home.
The second step is the minimum stay. A 5.1-night average means most guests stay for several nights, and a two-night or three-night minimum filters out the short stays that cost a full cleaning. I check that rule against the pacing for the next 60 days.
The third step is lead time. With guests booking 46 days ahead on average, rates for dates six weeks out are the ones that decide the month. I review those first and set the last-minute rate as a separate floor.
I do not claim a Chicago seasonal pattern. No monthly series was pulled for this market, and one home cannot show one. When an owner asks when the busy weeks are, the honest answer is the owner's own booking history from the last two summers, read next to the comp set.
Across the RevFactor portfolio, which covers 322 listings in 32 states and 114 markets, orphan nights fell from 25.0% to 11.9% of vacant nights. That is a portfolio result, not a Chicago one, and I cite it for the method and not as a promise.
In the first two weeks I pull the home's last 24 months of bookings and tag each stay by length and by how far ahead it was booked. Where the home's own stays are longer or booked earlier than the Chicago averages of 5.1 nights and 46 days, I follow the home's pattern, because it describes the guests who actually book it.
An owner with one home gets a short weekly note: occupancy for the next 30, 60 and 90 days, the rate changes made and the one decision that needs the owner. One home does not need a dashboard, and I keep the note to what could change a decision.
Chicago's sample is deep enough that I can test one change at a time and read the result against comparable homes in the same weeks. That is the main advantage of a large market for a single listing, and it is the reason this page exists even with one RevFactor home.
In Illinois the host stays in charge of guests, cleaning and the listing. The strategist sets rate rules, floors and the calendar from inside the host's PriceLabs login.
Federico Zimerman, Founder of RevFactor.
Who is RevFactor for in Illinois, and who is it not for?
A GOOD FIT
- You own between one and five homes in Chicago or elsewhere in Illinois and want a person setting rate and minimum stay.
- You want your home priced against a comp set built for its size and neighborhood, not against the city average.
- You prefer a flat monthly fee to a percentage taken from every Illinois booking.
NOT A FIT
- You need someone on site in Illinois for check-ins, cleaning or turnovers. RevFactor works on rates and the calendar only.
- You want proof from many Illinois homes. RevFactor manages one, and this page does not pretend otherwise.
- You run six or more Illinois properties. The flat price is built for one to five, so larger portfolios are quoted separately.
What does RevFactor cost for 1 to 5 properties in Illinois?
Illinois costs $350 a month for each home, with a one-time $150 setup charge per home. With one Illinois listing on the map, that is $350 a month. No share of revenue is taken. See pricing for terms.
| Properties | Monthly | First month |
|---|---|---|
| 1 | $350 | $500 |
| 2 | $700 | $1,000 |
| 3 | $1,050 | $1,500 |
| 4 | $1,400 | $2,000 |
| 5 | $1,750 | $2,500 |
Questions about Airbnb revenue management in Illinois
How much do Airbnbs make in Illinois?
What is the occupancy rate for Airbnbs in Chicago?
What is the average nightly rate for an Airbnb in Illinois?
Who offers Airbnb revenue management in Illinois?
How long do guests stay in Chicago Airbnbs?
How far ahead do Chicago guests book?
How were these numbers measured?
The listing count comes from the RevFactor coverage map on the about page. Market figures come from AirROI's market summary for the Chicago locality, pulled 2026-10-16, with 6,384 active listings. No monthly series and no Illinois region figure were pulled, so no seasonality or state roll-up is shown. The portfolio figures are from the benchmarks post.
Sources and data
- AirROI market summaries and RevPAR series: https://www.airroi.com, pulled 2026-10-16.
- Illinois listing counts and localities: the coverage map on the about page.
- Fees: /pricing/.
- Portfolio benchmarks: the STR revenue benchmarks post.
- Illinois Office of Tourism, Enjoy Illinois, checked 2026-10-20. Statement on that page: “Your guide to the best of Illinois. Places to go, things to do, the best places to eat and drink, must-see Chicago, trip ideas and inspiration for your Illinois vacation.”
- NOAA NCEI State Climate Summaries 2022 (Illinois), checked 2026-10-20. Statement on that page: “Temperatures in Illinois have risen about 1.5°F since the beginning of the 20th century.”
Back to all markets. Market pages in Illinois: Chicago. Other Great Lakes and Midwest states: Michigan, Minnesota, Missouri, Ohio, Wisconsin. Related: the service, the ranked list, case studies.
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