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Nomad makes it easy to rent your Chicago long-term property and provides financial certainty with guaranteed rent and $500k in property protection. With flexible marketing services, you can choose how involved you want to be in marketing the property and finding tenants. Plus, all owners get access to the owner’s portal where you can track earnings, manage maintenance requests and more!
About Chicago
About 54% of Chicago's occupied homes are rented, and only a quarter of its housing is single-family detached, per the U.S. Census Bureau's 2020–2024 American Community Survey. Chicago has no rental license or registration. Its Residential Landlord and Tenant Ordinance sets deposit rules stricter than Illinois law: the deposit has to sit in an interest-bearing account at an Illinois institution named in the lease, you owe the tenant a signed receipt and interest every year, and the deposit is due back within 45 days. The ordinance doesn't cover a building of six units or fewer that the owner lives in, though a few of its tenant protections still apply there.
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The Nomad Difference
Investment properties can be risky. Grow your wealth worry free with the best landlord financial protections in the industry. Only Nomad offers Guaranteed Rent, $500,000 of Property Protection, and Rent Advance.
"Nomad was incredibly helpful in talking us through the options and mapping out the financial implications for our potential scenarios."
Lauren
Nomad Homeowner since 2020
“Better than any experience I've had in the 36 years I've owned properties.”
Joe
Nomad since 2022

Aurora, Chicago, Elgin, Joliet, Naperville, Rockford, Springfield

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