Elk Grove Village, Illinois Short Term Rental Regulations
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Reviewed by Karolyn Hutson
Last updated August 30, 2023
Elk Grove Village Short-Term Rental Regulations
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Short Term City Rating7.0
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Competition
8.7 -
Real Estate Cost
7.8 -
STR Regulations
N/A -
Seasonality
7.1 -
Rental Rates
4.3
Elk Grove Village, 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
- 33,127
- STR License Required
- No
- Tourist Season
- May to September
- County
- Cook
- Airports
- O'Hare International Airport (ORD)
- Chicago Midway International Airport (MDW)
Want to learn more about Elk Grove Village?
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 Elk Grove Village rental analytics guide if you're interested in data on the Elk Grove Village rental market.
Review the popular activities that hosts include in their property positing in Elk Grove Village.
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 Elk Grove Village guests.
Interested in other Illinois cities?
Check out the Illinois short term rental regulations directory
What makes Elk Grove Village a great place to invest?
- Proximity to O'Hare International Airport: Located just a few miles from O'Hare International Airport, one of the busiest airports in the world, Elk Grove Village is an ideal stopover for travelers. This strategic location makes it a convenient base for visitors, thereby increasing the demand for short-term rentals.
- Abundance of Green Spaces: Elk Grove Village is home to over 44 parks and a beautiful 18-hole golf course, making it a haven for outdoor enthusiasts. Visitors can enjoy a variety of recreational activities, from jogging and biking to picnicking and playing sports, all of which contribute to the area's appeal.
- Access to Major Business Centers: Elk Grove Village is not just a residential suburb; it is also a major business hub with a large industrial park that houses over 3,600 businesses. This attracts a steady stream of business travelers who often prefer the comfort and convenience of short-term rentals over hotels.
- Rich Historical Heritage: The area boasts a rich historical heritage, with several landmarks and museums that attract history buffs and tourists alike. The Elk Grove Historical Museum, for example, offers a glimpse into the village's past, making it a popular attraction for both locals and visitors.
- Convenience and Accessibility: Elk Grove Village is served by several major highways, making it easily accessible from Chicago and other neighboring cities. This ease of access, combined with a comprehensive public transportation system, makes it a convenient base for exploring the wider region.
Elk Grove Village Nearby Cities
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8 miles away
- Rating: 7.4
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12 miles away
- Rating: 6.6
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Local Real Estate
How expensive is the real estate in Elk Grove Village?
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 Elk Grove Village has increased 9% over the past year, and the average price per square foot is $205, which is lower than the national average.
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Median Sale Price
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$337,298
9% YoY
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Median per Square Foot
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$205
4% YoY
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Average Monthly Rent
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$1,901
6% YoY
Local Short-Term Rental News for Elk Grove Village
The most common terms hosts include in their listings for Elk Grove Village, Illinois
Common terms for Elk Grove Village 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 Elk Grove Village has a description approximately 1,421 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 334 listings in Elk Grove Village, 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 Chicago, Place, Family, City, Easy, Cooking spices, Children friendly, Wi Fi, Garage, and Basement.
What are the most popular tourist activities in Elk Grove Village?
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 Elk Grove Village involve Adventure Activities, Outlet Shopping, Museums, Swimming, 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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Adventure Activities
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Outlet Shopping
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Museums
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Swimming
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Health Spa
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City Centre
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Wildlife Viewing
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Water Parks
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Rural
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Hiking
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Golfing
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Cycling
Local Attractions
What attractions do hosts highlight to guests?
There are quite a few popular attractions in Elk Grove Village, including Donald E. Stephens Convention Center, Woodfield Mall, Schaumburg Convention Center, Allstate Arena, and Rivers Casino. 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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Well Known Attraction
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Woodfield Mall
Included on 73% of listings
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Well Known Attraction
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Schaumburg Convention Center
Included on 73% of listings
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Regional Landmark
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Schaumburg Medieval Times
Included on 73% of listings
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Regional Landmark
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Alexian Brothers Medical Center
Included on 71% of listings
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Regional Landmark
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Allstate Arena
Included on 63% of listings
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Regional Landmark
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LEGOLAND Discovery Center
Included on 57% of listings
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Regional Landmark
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Rosemont Theatre
Included on 49% of listings
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Regional Landmark
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Fashion Outlets of Chicago
Included on 42% of listings
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Well Known Attraction
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Donald E. Stephens Convention Center
Included on 39% of listings
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Regional Landmark
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Rivers Casino
Included on 39% of listings
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Local Landmark
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Harper College
Included on 39% of listings
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Local Landmark
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TopGolf Chicago
Included on 39% of listings
What’s the weather like in Elk Grove Village, Illinois?
The weather is generally milder than the national average, with an average high temperature of around 59°, while the average low is about 42°. 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 Elk Grove Village 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
21° Low 34° High
Spring
March through May
41° Low 59° High
Summer
June through August
63° Low 82° High
Fall
September through November
45° Low 61° High
Cities Near Elk Grove Village
Elk Grove Village, Illinois, is located in Cook County. Some cities that are located nearby include:
