Short-term rentals, commonly referred to as "vacation rentals," are regulated in Montgomery County, Illinois, where they are legal but subject to specific rules aimed at ensuring safety and neighborhood standards. The local government requires that these rentals primarily be owned and operated by residents to avoid "hotel-like" operations in residential areas, and hosts must obtain licenses that adhere to set safety and operational standards. The types of properties that perform well in this environment include single-family homes, townhouses, and occasionally apartments, with demand driven both by tourists seeking local attractions and visitors in town for business purposes. The overall market environment leans more toward accommodating tourists, particularly during local events or peak travel seasons. The responsible authority for regulating short-term rentals in Montgomery County is the local housing department, which outlines the application process and compliance criteria that must be met. For further details on regulations and licensing, you can visit the official Montgomery County website at https://www.montgomerycountymd.gov/HHS/LandR/ShortTermResidentialRental.html and the Illinois short-term rental laws page at https://www.gosummer.com/post/illinois-short-term-rental-law.