Performance indicators for the Romeoville short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Romeoville.
Loading top listings...
Generally Investor friendly
Romeoville allows STRs under the same residential rental licensing framework with no specific prohibitions, but requires annual licensing fees ($75-$100), mandatory inspections, crime-free housing seminars, and certificate of occupancy. The regulatory burden is moderate and predictable - not prohibitive like A-grade cities but far more accessible than C/D grade jurisdictions that ban or severely limit STRs.
Local STR Agent
STR specialist · Romeoville, IL
Romeoville is a village in Will County, Illinois, situated in the southwestern suburbs of the Chicago metropolitan area along the historic Illinois and Michigan Canal corridor. With a population of approximately 40,000 residents, it has grown from a small canal town into a sizable commuter community that blends suburban residential neighborhoods with light industry and a notable university presence. The village is best known for Lewis University and its position as a quiet base from which travelers can reach downtown Chicago, roughly 35 miles to the northeast. Its setting along the Des Plaines River gives the area a leafy, river-valley character that contrasts with the denser development of the closer-in suburbs, and it serves as a practical gateway for visitors who want suburban calm with easy access to the city.
Just minutes from the heart of the village sits Lewis University, a private Catholic university founded by the De La Salle Christian Brothers that brings a steady stream of students, families, and visitors to Romeoville throughout the year. Its campus includes a chapel open to visitors, an airport, and conference facilities, and the university frequently hosts cultural events, lectures, and performances that add a collegiate dimension to the local calendar. For prospective guests, this makes the village a useful base during graduation weekends, academic conferences, and sporting events.
About ten minutes east of the village center, the Illinois and Michigan Canal State Trail follows the route of the 19th-century canal that connected the Great Lakes to the Mississippi River. The paved trail stretches for more than六十 miles through a string of historic canal towns, offering cyclists, joggers, and walkers a flat, scenic path shaded by mature trees and dotted with interpretive markers about the canal era. It is one of the defining recreational assets of the region and passes right through the Romeoville area, making spontaneous bike rides or long walks easily accessible from a rental property.
The nearby Isle a la Cache Museum, operated by the Forest Preserve District of Will County, interprets the fur-trading era when French traders and Native Americans met at this spot on the Des Plaines River, just a short drive from the village. The small museum sits within a forest preserve and features exhibits on regional history, a recreated trading post, and access to riverfront trails. It is a popular stop for families and anyone interested in the layered history of the Illinois River valley before Chicago's rise.
Romeoville appeals to short-term rental owners because it offers something the closer-in suburbs often cannot: relative affordability, a quieter residential atmosphere, and quick access to a major metropolitan area. Guests visiting Lewis University, exploring the canal trail, attending events at the museum, or simply using the village as a base for a Chicago trip will find a comfortable, well-connected community with the infrastructure to support stays of any length. Its balance of small-town feel and big-city reach makes it a versatile anchor for a wide range of travelers.