How to Rent Your Vacation Home or Condo in Evanston, Illinois

When renting out your Evanston, Illinois home as a vacation rental, you can expect to see a higher demand. The area is close to Chicago, making it an attractive destination for families looking to escape the city and enjoy the outdoors. There are also plenty of parks and recreational areas nearby, meaning there is plenty of room for kids to play. There are also plenty of restaurants, bars, and shops in the area. Evanston has also recently seen an increase in small-scale apartment construction. This means that there is more competition for rentals than there has been in the past. However, this has also helped to drive up prices, making them more affordable for other people looking to rent apartments.

Current Vacation Rental Trends in Evanston

During the month of September, Evanston is projected to generate over $182/night for a 2 bedroom vacation rental, on average! There were 175 vacation active rental properties in Evanston.  135 are renting the entire place, and 40 are shared rooms.  On average, during the month of September 2022, each vacation rental property in Evanston is booked 88% of the time, and most hosts are projected to generate $3,282 or more during the month of September! See how much you could earn with our free vacation rental income calculator.
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$182.00 Per Night*

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87% Occupied*

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$3,282.00 Per Month*

* Based on the median average of all vacation rentals in the Evanston area.
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Vacation Rentals in Evanston are Generating Record Profits with RedAwning

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Successful short-term vacation rentals in Evanston, Illinois

Positive vacation rental trends in Evanston, Illinois when you consider renting out your Evanston home as a short-term rental There are several positive trends that are helping to drive short-term rental demand in Evanston, Illinois. These include: long-term housing shortages and a growing population of millennials who are looking for affordable options. Many of these factors are also contributing to the rise of vacation rentals in Evanston. This includes the increasing number of tourists who visit the area each year. As a result, there is a shortage of hotels and other lodging options in the area. Another factor is the rise in the number of millennials who are looking for affordable housing options. These young adults are more likely to choose to spend their hard-earned money on a vacation instead of buying a house or condo. They may also be willing to rent out their home while they’re away and make some extra money along the way. This trend could continue to grow in Evanston, Illinois as more millennials decide to move here and as tourism continues to rise.

There is a lot to love about renting out your Evanston home as an Airbnb or VRBO guest. The biggest benefit of short-term rental is that it can be a great way to increase your income. And, if you aren't comfortable handling guests and cleaning up after them, then a short-term rental might not be for you. Positive Evanston vacation rental trends include: Even though short-term rentals are still new in Evanston, there has been a lot of positive press and success stories from hosts renting out their homes. With the growing popularity of short-term rentals, more hosts are seeing the benefit of renting out their homes and sharing their community with visitors from all over the world.

Revenue Projections for Vacation Rentals in Evanston, Illinois during October, 2022

Based on a 2 bedroom, which is the most common Evanston vacation rental home size, we've come up with an estimated rental amount you could charge per night and how much demand there is for each day in October. Higher bars below can command higher prices, if your Evanston vacation rental is available during these days.
 
$21080%1st
 
$18377%2nd
 
$17973%3rd
 
$17971%4th
 
$17674%5th
 
$20581%6th
 
$24689%7th
 
$26090%8th
 
$24579%9th
 
$19475%10th
 
$18574%11th
 
$17576%12th
 
$18278%13th
 
$21077%14th
 
$21875%15th
 
$18575%16th
 
$16977%17th
 
$17075%18th
 
$16675%19th
 
$17677%20th
 
$22376%21st
 
$23075%22nd
 
$18174%23rd
 
$16474%24th
 
$16072%25th
 
$16173%26th
 
$17375%27th
 
$20175%28th
 
$21075%29th
 
$16871%30th
 
$16368%31st
 

Average Daily Price & Percent Occupied Next Month In Evanston

Note: These averages are based on a 2 bedroom home in Evanston. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our  free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.

Interested in learning how you can maximize your vacation rental revenue in Evanston, Illinois?

If you are a speculative home buyer or have another home in Illinois, check out our other Illinois Vacation Rental Management reports in AltonAuroraChampaignChicagoGalenaOak ParkPontiacRockford,  and Springfield, Illinois or view all of our vacation rental market reports

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