Downers Grove, Illinois Short-Term Rental Market
Downers Grove STRs averaged $184/night at 62.7% occupancy in April 2026 across 16,351 active listings.
Quick Answer: Downers Grove, Illinois is an active short-term rental market. average occupancy is 76%. average monthly revenue is $5,293. average daily rate is $260. the top operator is Blueground with 681 listings. market score is 71/100 (grade B).
Market data reflects the Chicago regional market, which includes Downers Grove. Regulations, taxes, and permit details below are specific to Downers Grove.
Market Score Breakdown
Five dimensions Apivex evaluates per market.
Market Overview
Downers Grove, Illinois sits roughly 22 miles west of downtown Chicago in DuPage County, positioning it as one of the Chicago metro’s more active suburban short-term rental markets. As of April 2026, the market logged an average daily rate of $184 and an occupancy rate of 62.7%, generating a RevPAR of $115. Active listings total 16,351 across all channels, with Airbnb dominating at approximately 9,810 Airbnb-only listings versus 801 VRBO-only, plus 5,740 listed on both platforms.
By listing type, entire-place rentals account for 13,082 units (80% of supply), private rooms add 3,232 (20%), and shared rooms are a negligible 37. The bedroom mix skews toward smaller units: 1-bedroom listings lead with 6,921, followed by 2-bedroom (4,255), 3-bedroom (2,991), 4-bedroom (1,413), and 5-bedroom-plus (718). This concentration in 1- and 2-bedroom units reflects the suburban multifamily stock and extended-stay demand common to corporate-corridor markets.
Year-over-year trends through April 2026 show modest but positive momentum: occupancy grew 3.3 percentage points, ADR edged up 0.15%, and revenue rose 5.8%. The market’s overall score of 70.7 out of 100 is anchored by a notably high rental demand score of 84.9, pointing to consistent booking pressure driven by corporate travelers, proximity to I-88 and I-355 business corridors, and the walkable historic downtown.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 48% | $113 | $1,611 |
| Feb | 56% | $114 | $1,622 |
| Mar | 62% | $135 | $2,232 |
| Apr | 61% | $141 | $2,345 |
| May | 69% | $169 | $3,095 |
| Jun | 73% | $190 | $3,702 |
| Jul | 72% | $174 | $3,478 |
| Aug | 68% | $176 | $3,340 |
| Sep | 66% | $162 | $2,904 |
| Oct | 64% | $158 | $2,824 |
| Nov | 56% | $142 | $2,262 |
| Dec | 55% | $133 | $2,071 |
Top Short-Term Rental Operators in Downers Grove
Ranked by total active listings. Useful for understanding the competitive landscape.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Blueground | 681 | 286 | ★ 4.33 |
| 2 | Luxury Lili Stays | 189 | 9,607 | ★ 4.63 |
| 3 | Kasa Properties | 156 | 7,809 | ★ 4.71 |
| 4 | Slumber Stay | 134 | 7,930 | ★ 4.56 |
| 5 | Evolve | 126 | 2,725 | ★ 4.36 |
What Kind of STR Should I Buy in Downers Grove?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 6,921 |
| 2 bed | 4,255 |
| 3 bed | 2,991 |
| 4 bed | 1,413 |
| 5 bed | 718 |
ADR by Property Tier
| Entire Home | $303 |
| Luxury | $543 |
| Professionally Managed | $337 |
Revenue by Dwelling Type
| Apartment | $5,372 |
| Entire Place | $6,138 |
| House | $5,185 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 60% |
| vrbo | 4.9% |
| both | 35.1% |
Investment Analysis
Downers Grove offers a defensible investment case rooted in business-travel demand rather than leisure tourism. At a typical home value of $500,013, an investor generating the April 2026 average monthly revenue of $3,153 would produce an annualized gross revenue of approximately $37,836, implying a gross revenue yield of roughly 7.6% before expenses. That baseline assumes all-listings average performance; entire-place units averaged $3,599 per month, improving the gross yield calculation for that property type.
Rate segmentation shows meaningful upside for higher-end properties. The average ADR across all listings was $184, while entire-home ADR averaged $213 and professionally managed listings reached $226. The luxury tier commands $385 per night, though that bucket represents a narrower slice of supply. For a listing achieving the professionally managed ADR at April’s 62.7% occupancy, monthly revenue would be approximately $4,255 on a 30-day month, compared to $3,153 at the market average. Year-over-year revenue growth of 5.8% through April 2026 indicates the market is expanding in real dollar terms.
The housing market is competitive: homes sold in a median 7 days and the sale-to-list ratio stood at 1.018, meaning properties routinely clear above asking price with only 126 units available for sale. Investors entering this market should budget for an inspection-driven permitting process and the 5.5% local lodging tax plus applicable Illinois state hotel tax before projecting net returns. The investability score of 66.9 reflects the regulatory friction and entry cost, not a weakness in demand.
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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Booking Insights
Downers Grove guests book an average of 35.3 days in advance, a window that reflects the mix of corporate travelers and leisure guests in this suburban Chicago market. Corporate and extended-stay bookings tend to arrive earlier in the booking window, giving operators a meaningful forward-revenue signal roughly five weeks out.
Average length of stay is 4.65 nights. That figure is longer than a typical weekend leisure stay, pointing to the market’s corporate-travel base: guests checking in for a work assignment mid-week and staying through Friday are common. For pricing strategy, this means the calendar typically fills with mid-length blocks rather than 1- or 2-night weekend stays, reducing turnover costs relative to high-frequency leisure markets.
Operators should focus minimum-stay policies around the 3- to 5-night range during peak demand periods to maximize revenue per turn. Setting a 35-to-45-day advance pricing window as the high-rate period aligns with when the majority of bookings are being made, making that the optimal window for dynamic pricing adjustments.
Short-Term Rental Regulations
Downers Grove permits short-term rentals, but the approval process is substantive. Permit filings go through the Community Development Department (630-434-5515 or Village Hall 630-434-5500). Hosts who have completed the process report a multi-month timeline involving paperwork and an in-person property inspection, indicating that local zoning review and a use approval component are part of the workflow.
The Village levies a local lodging (accommodations) tax of 5.5% on transient rentals. Illinois also imposes a state Hotel Operators’ Occupation Tax and standard sales taxes on top of the local rate, so investors should calculate a blended tax burden when modeling net revenue.
Specific details that were not confirmed in primary sources and should be verified directly with the Village before listing: permit fee amount, annual renewal period, owner-occupancy or primary-residence requirements, annual night caps, and the precise zoning districts where STRs are permitted as-of-right versus requiring a special-use permit. Enforcement is rated moderate. Given the inspection requirement and multi-month approval timeline, operators should factor permitting lead time into any acquisition-to-launch schedule.
Market Comparison
Downers Grove’s 62.7% occupancy sits above the approximate U.S. STR median of 55%, a reflection of steady corporate-driven demand that smooths the volatility seen in pure leisure markets. The $184 ADR is below the U.S. median of roughly $220, consistent with suburban markets where midscale and extended-stay demand anchors rates below resort or urban-core levels.
Within the Chicago metro, Downers Grove’s STR market is unusually large at 16,351 listings, reflecting its density as a corporate office hub (several Fortune 500 headquarters operate nearby) and its well-connected highway and Metra rail access. The market’s rental demand score of 84.9 out of 100 is a standout metric, indicating booking demand consistently outpaces available supply relative to peer markets.
On operator concentration, Blueground leads with 681 listings and a 4.3-star average rating, followed by Luxury Lili Stays (189 listings, 4.6 stars), Kasa Properties (156 listings, 4.7 stars), Slumber Stay (134 listings, 4.6 stars), and Evolve (126 listings, 4.4 stars). The top 5 operators collectively manage approximately 1,286 listings, representing about 7.9% of the total market. The market is highly fragmented, meaning independent operators still hold the majority of supply, and professional management differentiation remains a viable competitive edge.
Frequently Asked Questions About Downers Grove, Illinois
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