Joliet, IL

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Joliet short-term rental market based on reliable data.

Listings

39 / 115

Reliable / Active

Cap Rate

14%

Middle-Earners Gross Yield

Revenue

$37,060

Middle-Earners Revenue

Occupancy

71%

Middle-Earners Occupancy

Home Value

$266,952

Median Home Sale Price

Top Earners

$71,160

Top-Earners Revenue

Joliet

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Joliet.

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B

Generally Investor friendly

Joliet Regulations

Joliet allows short-term rentals but treats them like all rentals, requiring a moderate $100 licensing fee and mandatory inspections, which adds compliance overhead but is offset by clear, standardized procedures and no caps on STRs.

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About Joliet

Joliet is a city in northeastern Illinois and serves as the county seat of Will County, with a population of roughly 150,000 residents. It sits about 45 miles southwest of downtown Chicago along the Des Plaines River, functioning as a transitional city between the Chicago metropolitan area and the more rural stretches of central Illinois. Long associated with limestone quarrying, steel manufacturing, and its stretch of historic Route 66, Joliet has a working-class character mixed with revitalized downtown areas and a growing entertainment and hospitality scene. Travelers often pass through on their way to or from Chicago, while others use it as a base for exploring the wider southwest suburbs and the natural attractions of the Illinois River valley.

One of the city's most recognizable landmarks is the Old Joliet Prison, a stone fortress-style correctional facility that operated for more than a century before closing in 2002. Located within the city, it now offers public tours of its cell blocks, yard, and historic chapel, drawing visitors interested in Midwestern crime history and architecture. A short drive to the east, the Chicagoland Speedway in nearby Joliet hosts NASCAR and IndyCar events, transforming the area during race weekends into a busy hub of hotels, restaurants, and short-term rentals.

Downtown Joliet is anchored by the Rialto Square Theatre, a 1926 movie palace turned performing arts venue whose ornate Spanish Baroque interior draws concertgoers and touring productions year-round. The surrounding streets also feature the Joliet Area Historical Museum and a series of Route 66-themed murals and diners that pay tribute to the city's role along the Mother Road. A few minutes south of the city, Midewin National Tallgrass Prairie offers miles of hiking, biking, and horseback riding trails through restored prairie, bison viewing areas, and interpretive programs for visitors seeking a quieter outdoor experience.

Roughly an hour and a half to the west, Starved Rock State Park is one of Illinois's most popular outdoor destinations, with sandstone canyons, seasonal waterfalls, and bluff-top overlooks along the Illinois River. Day-trippers from Joliet can easily reach it, and many use the city as an overnight stop before or after exploring the park's lodge and trails.

Together, these offerings make Joliet a practical and varied base for short-term rentals. Its proximity to Chicago, its own lineup of cultural and entertainment venues, and easy access to both urban and natural attractions give the city year-round appeal for road trippers, race fans, and visitors exploring northern Illinois.

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