In Illinois, most property management projects cost between $100 and $300 per month, with a typical price near $150. Local labour, permits and materials move the final price, so treat the range below as a planning guide.
Typical property management cost
$100 – $300
per month · typical $150
A general planning range, not a quotation.
Property management cost breakdown
- Full-service (10% of rent)$100 – $300typical $200
- Tenant placement only$50.00 – $150typical $100
- Vacation rental management$200 – $800typical $400
At a glance
- Typical range$100 – $300
- Unitper month
- Cities covered50
What Property Management costs
Covers a property manager's services like marketing, tenant screening, rent collection, and maintenance coordination. Usually charged as a percentage of monthly rent, often 8-12%. Additional fees may apply for leasing or maintenance.
By city in Illinois
- Addison
- Alton
- Arlington Heights
- Belleville
- Berwyn
- Bolingbrook
- Buffalo Grove
- Calumet City
- Carbondale
- Carol Stream
- Carpentersville
- Champaign
- Chicago
- Cicero
- Crystal Lake
- DeKalb
- Decatur
- Des Plaines
- Downers Grove
- Elgin
- Elmhurst
- Evanston
- Glenview
- Hanover Park
- Hoffman Estates
- Joliet
- Kankakee
- Lombard
- Moline
- Mount Prospect
- Naperville
- Normal
- Oak Lawn
- Oak Park
- Orland Park
- Palatine
- Park Ridge
- Peoria
- Rock Island
- Rockford
- Romeoville
- Round Lake Beach
- Schaumburg
- Skokie
- Springfield
- Streamwood
- Tinley Park
- Urbana
- Waukegan
- Wheaton
Frequently asked questions
What does property management cost?
Expect 8-12% of monthly rent for full service, plus lease fees and maintenance markups. Vacation rentals cost more.
What affects the management fee?
Property type, location, number of units, and services included. High-end homes may have lower percentages.
Can I manage my own property?
Yes, but it's time-consuming. Use rent collection software and screen tenants thoroughly to save money.