Chicago, IL · Occupancy & ADR
Chicago occupancy rate and average daily rate
A well-run Chicago short-term rental models at 67% occupancy — about 245 booked nights a year — at an average daily rate of $228. That works out to $153 of revenue per available night.
Occupancy
67%
245 nights booked
Average daily rate
$228
Revenue per available night
$153
ADR × occupancy
Typical stay length
2.6 nights
≈ 94 turnovers a year
Rate versus nights booked
In Chicago the two levers move against each other. Modelled outcomes at three pricing positions:
| Pricing position | Nightly rate | Occupancy | Nights | Gross revenue |
|---|---|---|---|---|
| Price 10% under the market | $205 | 75% | 274 | $56,149 |
| Market pricing | $228 | 67% | 245 | $55,757 |
| Price 10% over the market | $251 | 59% | 215 | $54,016 |
The trade-off uses a modelled price elasticity: a 10% price move shifts occupancy by roughly 12% in the opposite direction. Real elasticity varies by property and by season — treat this as a way to frame the decision, not a forecast.
Occupancy by month
| Month | Modelled occupancy | Modelled ADR |
|---|---|---|
| Jan | 59% | $207 |
| Feb | 62% | $214 |
| Mar | 70% | $235 |
| Apr | 72% | $242 |
| May | 72% | $242 |
| Jun | 72% | $242 |
| Jul | 67% | $228 |
| Aug | 64% | $221 |
| Sep | 70% | $235 |
| Oct | 72% | $242 |
| Nov | 64% | $221 |
| Dec | 59% | $207 |
Compare Chicago with nearby markets
Want a second opinion on your property?
Send us the address and we will tell you what we think it can do, what the local rules require, and whether co-hosting makes sense for you.