Chicago Landlord Software
Manage your Chicago rentals with confidence. From Loop high-rises to Lincoln Park apartments, RentMouse helps Chicago landlords navigate RLTO compliance, security deposit interest, and move-in inspection requirements.
Chicago Rental Market Overview
Average Monthly Rent
Landlord Tenant Ordinance
Rental Units
Vacancy Rate
Chicago is Illinois's most regulated rental market under the Residential Landlord Tenant Ordinance (RLTO). Navigate security deposit interest, mandatory move-in reports, 5-day grace periods, and 60-day rent increase notices with comprehensive compliance tracking.
Source: CMHC Rental Market Report 2024, Chicago RLTO
Navigate Chicago RLTO Requirements
Security Deposit Interest (REQUIRED)
Chicago RLTO requires annual interest on security deposits (currently ~0.01%). Pay interest within 12 months, then annually. Landlords can deduct up to 2% for admin costs. Automatic tracking and calculation.
Move-In Inspection Report (MANDATORY)
Provide written statement of property condition at move-in. Tenants have 7 days to note disagreements. Required for security deposit protection. Generate and store digitally.
5-Day Grace Period for Rent
Chicago RLTO mandates 5-day grace period before late fees apply. Rent due on 1st, late fees only after 5th. Track payment dates and automate grace period compliance.
60-Day Notice for Rent Increases
Required 60-day advance notice for rent increases in Chicago. Track notice timing and automate tenant notifications to ensure RLTO compliance.
2-Day Entry Notice (48 Hours)
Chicago requires 2 days advance notice for landlord entry (except emergencies). Document all entry requests and maintain compliance records.
RLTO Summary Required
Must provide tenants with summary of RLTO rights. Generate compliant summaries automatically and track delivery for legal protection.
Popular Chicago Neighborhoods
Downtown/Loop
Avg. Rent: $2,500
Lincoln Park
Avg. Rent: $2,300
Lakeview
Avg. Rent: $2,100
Wicker Park
Avg. Rent: $2,000
Logan Square
Avg. Rent: $1,800
River North
Avg. Rent: $2,400
"Managing Lakeview apartments requires perfect RLTO compliance. RentMouse automates security deposit interest, move-in reports, and 5-day grace periods. Essential for Chicago landlords!"— Jennifer K., Chicago Multi-Unit Owner (19 Units)
Everything Chicago Landlords Need
Online Rent Collection
Accept e-transfer, credit cards, or ACH. Automatic 5-day grace period tracking per RLTO requirements.
Tenant Screening
Run credit checks, employment verification, and reference checks. All compliant with Illinois Fair Housing Act.
RLTO Compliance Tracking
Automate security deposit interest, move-in reports, 60-day rent increase notices, and 2-day entry notices.
Chicago Lease Templates
Generate Chicago RLTO-compliant lease agreements with required disclosures and tenant rights summaries.
Start Managing Chicago Rentals Today
Join Chicago landlords using RentMouse to navigate RLTO compliance, collect rent, and stay compliant with Illinois's most complex rental regulations. First unit is free.