Elgin, Illinois Short Term Rental Regulations
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Reviewed by Derick Hargrave
Last updated August 23, 2023
Elgin Short-Term Rental Regulations
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Short Term City Rating7.4
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Competition
8.8 -
Real Estate Cost
7.5 -
STR Regulations
N/A -
Seasonality
9.2 -
Rental Rates
4.1
Elgin, Illinois Quick Stats
Short-term rentals have gained a lot of traction in the last few years. The trends and statistics of this sector are constantly changing, and having access to accurate data is essential for making sound investment decisions.
- Population
- 114,797
- STR License Required
- No
- Tourist Season
- County
- Kane
- Airports
- Chicago O'Hare International Airport (ORD)
- Chicago Midway International Airport (MDW)
Want to learn more about Elgin?
Hostscouts has you covered. Our guides for this city cover topics that can help you research cities across the US quickly and easily.
Check out our Elgin rental analytics guide if you're interested in data on the Elgin rental market.
Review the popular activities that hosts include in their property positing in Elgin.
The most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings.
Explore nightly rates that hosts list their properties and the average fees for pets and additional guests.
What are the most popular property sizes for rent? Research whether a 1, 2, or 3 bedroom best fits Elgin guests.
Interested in other Illinois cities?
Check out the Illinois short term rental regulations directory
What makes Elgin a great place to invest?
- Fox River Trail - This 44-mile trail winds through Elgin and several other neighboring towns, offering scenic views of the Fox River and plenty of opportunities for hiking, biking, and nature watching. The trail also passes through historic downtown Elgin, making it a great way to see the city.
- Elgin Symphony Orchestra - Founded in 1950, the Elgin Symphony Orchestra is one of the premier regional orchestras in the United States. With performances year-round featuring both classical and contemporary music, the orchestra is a must-see for music lovers visiting Elgin.
- Grand Victoria Casino - This riverboat casino offers a wide range of gaming options, from slots and table games to poker and sports betting. Visitors can also enjoy multiple dining options, including a steakhouse and buffet.
- The Hemmens Cultural Center - This performing arts venue hosts a wide range of events, from concerts and theatrical performances to community events and conferences. With its historic architecture and state-of-the-art amenities, the Hemmens is a popular destination for locals and visitors alike.
- Lords Park Zoo - This free zoo is home to a variety of animals, including elk, deer, bison, and a variety of birds. Visitors can also enjoy a playground, picnic areas, and a historic pavilion.
- Elgin Public Museum - Founded in 1907, the Elgin Public Museum is one of the oldest museums in Illinois. Visitors can explore exhibits on local history, natural science, and anthropology, as well as participate in educational programs and special events.
- Raceway Woods - This 374-acre forest preserve offers miles of trails for hiking, biking, and horseback riding, as well as opportunities for fishing and birdwatching. With its diverse ecosystem and beautiful scenery, Raceway Woods is a great way to experience the natural beauty of Elgin.
Elgin Nearby Cities
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8 miles away
- Rating: 7.0
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18 miles away
- Rating: 7.3
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Local Real Estate
How expensive is the real estate in Elgin?
The cost of real estate can vary widely depending on the location, size, and features of the property, as well as market conditions. The median home value in Elgin has increased 4% over the past year, and the average price per square foot is $188, which is lower than the national average.
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Median Sale Price
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$365,958
4% YoY
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Median per Square Foot
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$188
4% YoY
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Average Monthly Rent
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$1,970
2% YoY
The most common terms hosts include in their listings for Elgin, Illinois
Common terms for Elgin short term rental listings.
When potential guests are scrolling through listings on Airbnb, they’re looking for certain essential information to help them decide if your property is the right fit for their needs. As a host, ensuring that your listing includes all the relevant information that guests will be looking for is vital.
Some of the must-have elements of a property description include:
- Location: Guests will want to know where your property is located in relation to popular attractions, public transportation, and other points of interest.
- Amenities: What amenities does your property offer? Be sure to list all features guests can access, such as a pool, hot tub, parking, etc.
- Informative: The average listing in Elgin has a description approximately 1,284 words long. Make sure yours is long enough to describe your property but doesn't require your potential guest to read a novel.
After reviewing more than 317 listings in Elgin, we've consolidated the most common terms on the word cloud. The larger text represents a term that is used more often. The top ten mentioned terms are Fox River, Desk, Beautiful, Family, St Charles, Place, Chicago, Geneva, Lots, and Sleep.
What are the most popular tourist activities in Elgin?
Whether renting a house, an apartment, or a room, you should include popular tourist activities in your posting. The most common choices mentioned on property listings in Elgin involve going to the City Centre, Swimming, Outlet Shopping, Museums, and the Health Spa. When you write your listing, have a section with recommended activities near the property to give your guests an idea of what is available.
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City Centre
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Swimming
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Outlet Shopping
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Museums
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Health Spa
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Antiquing
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Adventure Activities
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Wildlife Viewing
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Kayaking
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Cycling
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Casinos
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Boating
Local Attractions
What attractions do hosts highlight to guests?
There are quite a few popular attractions in Elgin, including Santa's Village, Grand Victoria Casino, NOW Arena, Grand Victoria Casino, and Schaumburg Medieval Times. Below we've included the most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings. Many hosts like to show off lesser-known regional landmarks visitors might not have heard of.
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Regional Landmark
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Grand Victoria Casino
Included on 60% of listings
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Local Landmark
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NOW Arena
Included on 54% of listings
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Local Landmark
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Santa's Village
Included on 50% of listings
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Local Landmark
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Arboretum of South Barrington
Included on 48% of listings
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Regional Landmark
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Schaumburg Medieval Times
Included on 46% of listings
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Regional Landmark
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Grand Victoria Casino
Included on 25% of listings
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Regional Landmark
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Elgin Sports Complex
Included on 25% of listings
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Regional Landmark
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Arcada Theater
Included on 20% of listings
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Local Landmark
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Kane County Fairgrounds
Included on 20% of listings
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Local Landmark
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Hemmens Cultural Center
Included on 19% of listings
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Regional Landmark
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Santa's Village
Included on 18% of listings
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Regional Landmark
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NOW Arena
Included on 18% of listings
What’s the weather like in Elgin, Illinois?
The weather is generally milder than the national average, with an average high temperature of around 59°, while the average low is about 41°. The rainfall is much heavier, averaging about 30 inches per year, compared to the national average of about 27 inches. Snowfall can be rather heavy, averaging less than 16 inches per year. The humidity levels in Elgin are generally lower than the national average, and the city has a mix of clouds and sunshine for most of the year.
Winter
December through February
19° Low 33° High
Spring
March through May
40° Low 59° High
Summer
June through August
62° Low 81° High
Fall
September through November
43° Low 61° High
Cities Near Elgin
Elgin, Illinois, is located in Kane County. Some cities that are located nearby include:
