Forest Park, Illinois Short-Term Rental Market
Forest Park, IL STRs averaged $184/night at 62.8% occupancy in April 2026, with revenue up 5.9% year-over-year.
Quick Answer: Forest Park, Illinois is an active short-term rental market. average occupancy in the Chicago market area is 70%. average monthly revenue in the Chicago market area is $4,873. average daily rate in the Chicago market area is $246. the top operator in the Chicago market area is Blueground with 687 listings. market score is 71/100 (grade B).
Market data reflects the Chicago regional market, which includes Forest Park. Regulations, taxes, and permit details below are specific to Forest Park.
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
Forest Park is a small Chicago suburb in Cook County, approximately 9 miles west of the Loop and accessible directly by the CTA Blue Line, which terminates in the village. It functions as a Chicago gateway destination, drawing visitors connected to the city rather than a standalone tourist base. The STR market is large relative to the village’s population of 13,846: approximately 16,405 active listings by type (entire place: 13,137, private room: 3,231, shared room: 37), which reflects the area’s position within the broader Chicago metro STR market.
The bedroom mix skews toward smaller units: 1-bedroom listings account for 6,932 (about 42.4% of bedroom-classified supply), followed by 2-bedroom at 4,281. The channel mix is heavily Airbnb-weighted: 9,843 listings are Airbnb-only, 5,761 are on both platforms, and only 801 are VRBO-only. In April 2026, the average daily rate was $184.32 and occupancy was 62.75%, producing a RevPAR of $115.66. Year-over-year, occupancy rose 3.4%, ADR rose a nominal 0.15%, and revenue grew 5.9%. The total market score is 71.1 out of 100, with rental demand (84.9) the strongest sub-score, reflecting steady Chicago-driven traffic.
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 48% |
| Feb | 56% |
| Mar | 62% |
| Apr | 61% |
| May | 69% |
| Jun | 73% |
| Jul | 72% |
| Aug | 68% |
| Sep | 66% |
| Oct | 64% |
| Nov | 56% |
| Dec | 55% |
Month-by-month nightly rates and revenue figures for Forest Park are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Top Short-Term Rental Operators in Chicago market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Chicago market as a whole, which includes Forest Park, so these counts are not Forest Park-only figures.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Blueground | 687 | 290 | ★ 4.40 |
| 2 | Luxury Lili Stays | 189 | 9,757 | ★ 4.64 |
| 3 | Kasa Properties | 156 | 7,826 | ★ 4.71 |
| 4 | Slumber Stay | 137 | 7,814 | ★ 4.53 |
| 5 | Evolve | 127 | 2,763 | ★ 4.36 |
What Kind of STR Should I Buy in Forest Park?
Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Forest Park are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 60% |
| vrbo | 4.9% |
| both | 35.1% |
Home Value Trends (Forest Park)
Typical home values, median sale prices, and the 10-year price trend for Forest Park are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Insights
Booking-window and length-of-stay analysis for Forest Park — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Short-Term Rental Regulations
As of mid-2026, Forest Park has no short-term-rental-specific ordinance. STRs have never been formally regulated in the village code. There is no local permit, license, registration requirement, owner-occupancy rule, night cap, or STR-specific zoning rule currently in effect. Enforcement is limited to the general nuisance ordinance: a property can be declared a nuisance if police are called there six times within six months.
However, the regulatory environment is changing. In spring 2026, residents petitioned the village for restrictions including a 500-foot buffer zone around schools and a 30-day maximum occupancy limit per year. No ordinance has been adopted as of the profile research date, but village legal staff is actively reviewing options. Investors should monitor village council agendas as a local framework is likely to emerge.
At the state level, Illinois extended its Hotel Operators’ Occupation Tax to short-term rentals, effective July 1, 2025. The tax is approximately 6% of 94% of gross receipts (roughly a 5.6% effective rate). As of January 6, 2026, marketplaces including Airbnb and VRBO are required to collect and remit this Illinois lodging tax on the host’s behalf, simplifying compliance for operators. Forest Park has no documented separate local STR lodging tax as of this report.
Market Comparison
At 62.75% occupancy in April 2026, Forest Park is above the US STR median of approximately 55%, reflecting the steady metro demand from Chicago visitors. The April ADR of $184.32 is below the US median of approximately $220, consistent with a suburban market competing on value relative to in-city Chicago STRs. The 2025 annual average occupancy of 62.8% is well above the national median, the strongest occupancy figure among this batch of five markets.
The operator landscape features several Chicago-metro specialists. Blueground leads with 687 listings and 290 reviews (4.40 average rating), followed by Luxury Lili Stays with 189 listings and 9,757 reviews (4.64 rating), and Kasa Properties with 156 listings and 7,826 reviews (4.71 rating). Together these three account for 1,032 listings out of approximately 16,405 total by listing type, or about 6.3% of the market. Blueground’s model (687 listings, only 290 reviews) indicates a corporate/extended-stay focus with fewer Airbnb-style short bookings.
Frequently Asked Questions About Forest Park, Illinois
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