Sell Your Commercial Property In Naperville, IL

Who rents in Naperville

Naperville has 150,692 residents in the ACS 2020–2024 estimates and spans DuPage and Will counties. Of 54,847 occupied homes, 41,020 are owner-occupied and 13,827 are rented, a 25.2% renter share. The median household income is $155,105, about twice Chicago's $77,902. Even here, 5,280 renter households, 38.2%, spend 30% or more of income on housing, and 19.8% spend half or more.

Renters draw on the wider Chicago economy. The Bureau of Labor Statistics counts 3,859,500 nonfarm jobs in the Chicago-Joliet-Naperville area in August 2026 (preliminary), up 0.3% from a year earlier. Professional and business services, the sector behind the corporate and research offices along the I-88 corridor, employ 696,900, and education and health services 670,700. Locally, Endeavor Health's Edward Hospital sits on South Washington Street, and North Central College reports more than 3,000 students. Metro unemployment was 5.6%.

Rents and affordability

The Census median of $1,885 includes utilities and averages five years of leases. HUD's FY2026 Fair Market Rents for the Chicago-Joliet-Naperville area, which covers both the DuPage and Will County parts of the city:

Naperville's median is $104 above the two-bedroom FMR, which is unusual. Because HUD sets one FMR for the whole metro area, a standard voucher can fall short of market rent in Naperville. A household paying $1,885 needs about $75,400 a year to keep rent at 30% of income, under half the city's median household income.

Among nearby cities, Naperville has the highest rent: Aurora's median is $1,596, Chicago's $1,440 and Joliet's $1,276. It also has the lowest renter share of the three suburbs and the lowest rent burden, 38.2% against 44.1% in Aurora and 48.5% in Joliet.

The apartment stock

Naperville's median year built is 1990. Of 57,135 housing units, 35,865 are single-family detached and 6,943 single-family attached. Buildings with five or more units hold 11,471 homes, 20.1% of the total: 4,051 in buildings of five to nine units, 2,967 in buildings of 10 to 19, 1,711 in buildings of 20 to 49, and 2,742 in complexes of 50 or more. Two- to four-unit buildings are rare, with 2,648 homes. The five-to-nine group is the largest slice of the apartment stock, so many Naperville buildings fall in the small-multifamily range that Skyline buys.

Property taxes on apartment buildings in DuPage County

Illinois assesses property outside Cook County at 33⅓% of market value, with no separate apartment class and no assessment cap. Township assessors revalue property every four years, and appeals go first to the county board of review, then to the Property Tax Appeal Board within 30 days of the board's written notice. Will County parcels follow Will County's assessment and rates.

DuPage County's 2025 tax rate booklet shows how a bill in tax code 7025, which covers City of Naperville property in Naperville Township and District 203, adds up to 6.1328% of equalized value:

• Naperville CUSD 203: 4.7092% (Indian Prairie District 204, which serves other parts of the city: 4.8183%)
• City of Naperville: 0.4246%
• Naperville Park District: 0.2835%
• College of DuPage: 0.1794%
• Naperville Public Library: 0.1745%
• DuPage County: 0.1361%; Forest Preserve: 0.1310%; Naperville Township: 0.0380%

On a one-third assessment, 6.1328% equals about 2.0% of market value, or roughly $20,400 a year on a $1 million building. The city's own levy is under 7% of that bill; the school district is about 77%.

Landlord rules and local compliance

• Registration: Naperville has no mandatory rental license. The city asks landlords to register with the Finance Department for utility purposes and encourages participation in its Crime-Free Multi-Housing Program.
• Standards: city ordinances require heat of at least 68 degrees from October through May, and tenants can request inspections from Code Enforcement.
• Rent control: the Illinois Attorney General states Illinois has no rent control law, and state law bars local rent control.
• Deposits: in buildings of five or more units, the Security Deposit Return Act requires an itemized damage statement within 30 days and full return within 45 days if nothing is deducted; violations can cost twice the deposit plus fees. Buildings of 25 or more units owe annual interest on deposits held six months.
• Nonpayment: Illinois requires a written five-day notice before an eviction suit.
• Transfer: the state transfer tax is $0.50 per $500 of value, plus a county transfer tax.

What this means if you own a building here

Naperville buyers pay for high in-place rents and a tax line near 2% of value. They will check that rents hold against nearby Aurora and Lisle and that the parcel's school district matches the tax bill. Owners with large gains often sell into a 1031 exchange; the 1031 exchange calculator shows how much equity carries over after closing costs. Skyline buys 5+ unit buildings in Downtown Naperville, Lisle, Aurora and Bolingbrook. Try the apartment building value calculator or start at sell my apartment building.