New Lenox, Illinois Short-Term Rental Market
New Lenox short-term rentals averaged $260 per night at 76.0% occupancy in June 2026 across 16,351 listings.
Quick Answer: New Lenox, 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 New Lenox. Regulations, taxes, and permit details below are specific to New Lenox.
Market Score Breakdown
Five dimensions Apivex evaluates per market.
Market Overview
New Lenox’s short-term rental market includes 16,351 active listings tracked across Airbnb and Vrbo. In June 2026, the average daily rate was $259.76 with occupancy at a high 76.0%, producing average monthly revenue of $5,292.62 per listing. Occupancy is up 3.51 percentage points year over year, ADR is roughly flat (up 0.21%), and average revenue per listing jumped 14.48% year over year, one of the stronger revenue trends in this data set.
The market skews toward entire-place rentals: 13,082 of the 16,351 total listings are entire-place (80.0%), private rooms account for 3,232 (19.8%), and shared rooms are rare at 37 listings. Bedroom count skews smaller, with 1-bedroom units the largest bucket at 6,921 listings, followed by 2-bedroom at 4,255, 3-bedroom at 2,991, 4-bedroom at 1,413, and 5-bedroom-plus the smallest segment at 718. By booking channel, 9,810 listings are Airbnb-only, 5,740 appear on both Airbnb and Vrbo, and 801 are Vrbo-only.
New Lenox is a residential commuter suburb about 45 minutes southwest of Chicago in Will County, population 28,047. It is not a traditional tourism destination; visitor activity is driven largely by the Village-owned Wintrust Crossroads Sports Complex, a $70M, 100-acre youth-sports facility that opened in July 2025 and projects 600,000-plus annual visitors once fully built out (a build-out projection, not yet a verified count). StaySTRA’s market scoring gives this area a strong rental demand score of 84.86 and a total score of 70.73.
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 New Lenox
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 New Lenox?
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
ADR varies meaningfully by listing tier. All-listing average ADR is $259.76, entire-home listings average $303.30, and professionally managed listings command $336.74, about a 30% premium over the all-listings average. The luxury tier tops out at $542.86 per night, roughly 2.1x the market average. Average revenue per listing is up 14.48% year over year, the largest revenue gain in this batch, driven mostly by the 3.51-point occupancy increase with ADR essentially flat, suggesting demand growth (likely tied to the new sports complex) rather than rate inflation is behind the gain.
On the acquisition side, Zillow-sourced housing data puts the typical home value at $452,006.36, with a median list price of $475,169.17, just 55 homes currently for sale, and a fast median 6 days to pending, indicating a tight for-sale market. Annualizing the average listing’s $5,292.62 monthly revenue to $63,511.48 against the $452,006.36 typical home value works out to a gross revenue yield of roughly 14.0%, before cleaning, management, mortgage, insurance, and any applicable lodging tax costs. Regulatory footing is the key open risk here: New Lenox has no dedicated STR ordinance, and short-term rentals are not an enumerated permitted use in residential zoning, so legal status should be confirmed with the Village before acquiring.
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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Booking Insights
Average booking lead time in New Lenox is 56.43 days, giving operators roughly eight weeks to adjust pricing ahead of a stay. Average length of stay is 4.78 nights, longer than a typical weekend getaway, which likely reflects multi-day youth-sports tournament weekends at the Wintrust Crossroads Sports Complex alongside standard leisure bookings. The nearly two-month booking window supports advance-purchase pricing tiers, and operators targeting tournament weekends in particular should watch the sports complex’s published tournament calendar to time rate increases ahead of high-demand dates, since demand for those weekends is likely to book out well in advance of the 56-day market average.
Short-Term Rental Regulations
New Lenox does not appear to have a dedicated short-term-rental ordinance. Searches of the Village’s Code of Ordinances, the Village website’s rules and zoning pages, and Illinois STR guides found no STR-specific permit, registration, occupancy-tax, owner-occupancy, or night-cap requirements for this municipality. Illinois has no statewide STR licensing scheme, leaving control to local government, and New Lenox appears not to have adopted one.
As a result, STRs here operate in a regulatory gray area: they are not expressly banned (active listings exist in the village), but short-term rentals are also not listed as a permitted use in residential zoning districts under Chapter 106 (Zoning), so an operator’s legal footing depends on zoning interpretation and could change if the Village adopts formal rules. There is no evidence of an active enforcement program targeting STRs, consistent with the minimal enforcement rating on file. Illinois’ statewide Hotel Operators’ Occupation Tax (6% at the state level per the regulatory summary) applies to rentals under 30 days and is typically collected by platforms like Airbnb, but no confirmed New Lenox-specific or Will County local hotel-occupancy tax figure is available. Given this uncertainty, operators should confirm zoning eligibility and any local lodging tax directly with the Village of New Lenox Community Development Department (815-462-6490) before acquiring or listing a property.
Market Comparison
New Lenox’s 76.0% occupancy is well above commonly cited US STR benchmarks (roughly 55% occupancy nationally), while its $259.76 ADR is also above the roughly $220 national median, making this one of the stronger-performing markets in this batch on both volume and rate, aided by steady demand from the new sports complex.
Property management here is led by Blueground, a corporate-housing-style operator with 681 listings (286 reviews, 4.33 average rating), about 4.2% of the 16,351 tracked listings, a notably larger share than the next operators. Luxury Lili Stays ranks second with 189 listings (9,607 reviews, 4.63 rating, 1.2% share), followed by Kasa Properties with 156 listings (1.0% share, 4.71 rating), Slumber Stay with 134 listings (4.56 rating), and Evolve with 126 listings (4.36 rating). The top 5 PMs combined control about 7.9% of listings, meaning the large majority of inventory is independently hosted.
Frequently Asked Questions About New Lenox, Illinois
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