Last updated
Average Rent in Elk Grove Village 60007 & Rent Trends
Rent prices and market trends across 2 apartment communities in Elk Grove Village 60007, Schaumburg, IL. Updated daily.
Market Average
$1,693/mo
Lowest Available
$1,512/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
26
available now
Elk Grove Village 60007 vs Schaumburg, IL Average
Elk Grove Village 60007 is cheaper than the Schaumburg, IL average by $355/mo (17%). The citywide average is $2,048/mo across all neighborhoods.
Is Rent Going Up or Down in Elk Grove Village 60007?
As of July 2026, the average rent in Elk Grove Village 60007 is $1,693 per month across 2 apartment communities and 26 available units.
The most affordable option is Willow Crossing starting at $1,512/mo. By unit type, a 1-bedroom averages $1,600/mo, a 2-bedroom averages $1,820/mo.
Prices range from $1,512 to $2,065 per month. The most common price point is the $1,600 range, where 12 units are currently listed.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Elk Grove Village 60007
Rent Prices by Apartment in Elk Grove Village 60007
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Willow Crossing | $1,512/mo | $1,684/mo | 22 | 4 |
| Orion Elk Grove | $1,594/mo | $1,746/mo | 4 | 3.5 |
Frequently Asked Questions About Rent in Elk Grove Village 60007
What is the average rent in Elk Grove Village 60007?
Is rent going up or down in Elk Grove Village 60007?
What is the cheapest apartment in Elk Grove Village 60007?
How much is a 1-bedroom apartment in Elk Grove Village 60007?
How many apartments are available in Elk Grove Village 60007?
What salary do I need to live comfortably in Elk Grove Village 60007?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$68,000/year
Based on the 30 percent rule, using our tracked average rent of $1,693/mo.
Comfortable income
$81,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,512/mo), you need to earn at least $60,000/year.
Median household income in Elk Grove Village 60007 is $94,690 , about 17% above the comfortable-living threshold.
Cost of living in Elk Grove Village 60007
Overall prices in Elk Grove Village 60007 runs above the national average by about 2% (BEA Regional Price Parity index 102.5, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Elk Grove Village 60007's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,693 |
| Utilities | $477 |
| Groceries | $563 |
| Transportation | $1,138 |
| Healthcare | $555 |
| Other goods and services | $888 |
| Estimated total | $5,314/mo |
Population
76,780
Median household income
$94,690
Census median rent
$1,774/mo
Rent as % of income
25.9%
Median age
39.7
Mean commute
28 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Elk Grove Village 60007 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Elk Grove Village 60007 Apartments
Browse all 2 communities with daily-updated pricing and availability.