The recent interest in aspects common to quantum information and condensed matter has prompted a flory of activity at the border of these disciplines that were far distant untill few years ago. Numerous interesting questions have been addressed so far. Here we review an important part of this field, the properties of the entanglement in many-body systems. We discuss the zero and finite temperature properties of entanglement in interacting spin, fermion and boson model systems. Both bipartite and multipartite entanglement will be considered. In equilibrium we show how entanglement is tightly connected to the characteristics of the phase diagram. The behavior of entanglement can be related, via certain witnesses, to thermodynamic quantities thus offering interesting possibilities for an experimental test. Out of equilibrium we discuss how to generate and manipulate entangled states by means of many-body Hamiltonians.