Last updated
Average Rent in Schaumburg IL & Rent Trends
Rent prices and market trends across 6 apartment communities in Schaumburg IL. Updated daily.
Market Average
$1,863/mo
Lowest Available
$1,522/mo
cheapest unit on market
Communities
6
tracked daily
Units Listed
45
available now
Rent by Neighborhood in Schaumburg IL
Compare average rent across Schaumburg IL neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | From | Properties | Units |
|---|---|---|---|---|
| Schaumburg 60173 | $2,043 | $1,600 | 4 | 52 |
| Schaumburg 60007 | $1,754 | $1,522 | 1 | 4 |
| Schaumburg 60195 | $1,629 | $1,629 | 1 | 2 |
Is Rent Going Up or Down in Schaumburg IL?
As of May 2026, the average rent in Schaumburg IL is $1,863 per month across 6 apartment communities and 45 available units.
The most affordable option is Cypress Place starting at $1,522/mo. By unit type, a 1-bedroom averages $1,863/mo.
Prices range from $1,522 to $2,697 per month. The most common price point is the $1,600 range, where 32 units are currently listed.
Schaumburg IL Rent Price History
Collecting price history
Daily snapshots are being recorded. Trend charts will appear once we have enough data points.
Rent Price Distribution
Rent by Bedroom Type in Schaumburg IL
Rent Prices by Apartment in Schaumburg IL
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Cypress Place | $1,522/mo | $1,654/mo | 3 | 3.8 |
| The Lakes of Schaumburg Apartment Homes | $1,600/mo | $1,677/mo | 29 | 3.4 |
| 21 Kristin Apartments | $1,629/mo | $1,629/mo | 1 | 3.6 |
| North 680 | $2,078/mo | $2,371/mo | 5 | 4 |
| The Quin Schaumburg Apartments | $2,225/mo | $2,363/mo | 6 | 4.3 |
| Village Green of Schaumburg | $2,583/mo | $2,583/mo | 1 | 4.1 |
Google Search Trends for Schaumburg IL Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Schaumburg IL
What is the average rent in Schaumburg IL?
Is rent going up or down in Schaumburg IL?
What is the cheapest apartment in Schaumburg IL?
How much is a 1-bedroom apartment in Schaumburg IL?
How many apartments are available in Schaumburg IL?
What salary do I need to live comfortably in Schaumburg IL?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$75,000/year
30 percent rule -- using our average rent of $1,863/mo.
Comfortable income
$89,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,522/mo), you need to earn at least $61,000/year.
Median household income in Schaumburg IL is $94,690 , about 6% above the comfortable-living threshold.
Cost of living in Schaumburg IL
Overall prices in Schaumburg IL 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 Schaumburg IL's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,863 |
| Utilities | $477 |
| Groceries | $563 |
| Transportation | $1,138 |
| Healthcare | $555 |
| Other goods and services | $888 |
| Estimated total | $5,484/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.
Explore Schaumburg IL Apartments
Browse all 6 communities with daily-updated pricing and availability.