Does Illinois have rent control?

No. Illinois does not have statewide rent control. Chicago has considered it but has not enacted rent control ordinances.

Do landlords have to pay interest on security deposits in Illinois?

Landlords of buildings with 25 or more units must pay annual interest on security deposits under the Security Deposit Interest Act.

Lease Agreement for Illinois

Generate a lease agreement that complies with Illinois law, with IL-specific clauses, legal requirements, and jurisdiction-aware protections.

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Illinois legal context

Illinois landlord-tenant law varies significantly between Chicago (which has the Residential Landlord and Tenant Ordinance, RLTO) and the rest of the state. The state does not have rent control, but Chicago has extensive tenant protections including specific security deposit, late fee, and move-in/move-out requirements.

What's required

Security Deposit Requirements
765 ILCS 710; 765 ILCS 715

What's prohibited

Waiver of tenant's right against retaliatory eviction
Illinois law prohibits retaliatory eviction (765 ILCS 720) and such protections cannot be waived by contract.

Key IL statutes

Chicago RLTO
Chicago Mun. Code § 5-12
Comprehensive ordinance governing residential leases in Chicago with strict tenant protections.
Security Deposit Interest Act
765 ILCS 715/
Requires landlords of 25+ units to pay interest on security deposits.
Security Deposit Return Act
765 ILCS 710/
Governs return of security deposits and required itemized statements.

Illinois-specific considerations

Chicago vs. Rest of State
Chicago's RLTO provides far stronger tenant protections than state law, lease terms must comply with the applicable jurisdiction.
Security Deposit Interest
Landlords of buildings with 25+ units must pay annual interest on security deposits.
Late Fee Limits (Chicago)
Under the RLTO, late fees cannot exceed $10/month for the first $500 of rent, plus 5% of rent over $500.