Last updated
Average Rent in Schaumburg, IL & Rent Trends
Rent prices and market trends across 12 apartment communities in Schaumburg, IL. Updated daily.
Market Average
$1,947/mo
▼ 8.6% from last month
Lowest Available
$1,000/mo
cheapest unit on market
Communities
12
tracked daily
Units Listed
185
available now
Price Cuts This Week in Schaumburg, IL
42 listed units across 6 buildings in Schaumburg, IL dropped their asking rent in the past 7 days, an average cut of $48/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| The Residences at Hamilton Lakes | Unit 1, S1 | $1,894 | $1,694 | $200 |
| The Residences at Hamilton Lakes | Unit 29 | $1,894 | $1,694 | $200 |
| The Residences at Hamilton Lakes | Unit 8, C1 | $3,463 | $3,381 | $82 |
| Willow Crossing | Unit 8 | $1,597 | $1,537 | $60 |
| The Residences at Hamilton Lakes | Unit 5, A4 | $2,130 | $2,076 | $54 |
| 21 Kristin Apartments | Unit 626 | $1,779 | $1,729 | $50 |
| 21 Kristin Apartments | Unit 722 | $2,869 | $2,819 | $50 |
| The Lakes of Schaumburg Apartment Homes | Unit 1103 | $2,305 | $2,255 | $50 |
Rent by Neighborhood in Schaumburg, IL
Compare average rent across Schaumburg, IL neighborhoods. Click any area to see detailed trends. View these neighborhoods on the rent map
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Itasca 60143 | $2,273 | ▼ $478 | $1,694 | 1 | 27 |
| Schaumburg 60173 | $2,133 | ▼ $337 | $1,000 | 4 | 50 |
| Schaumburg 60195 | $2,066 | ▼ $85 | $1,509 | 1 | 17 |
| Rolling Meadows 60008 | $1,859 | ▲ $28 | $1,440 | 1 | 5 |
| Roselle 60172 | $1,835 | ▼ $264 | $1,290 | 1 | 2 |
| Schaumburg 60193 | $1,765 | ▼ $14 | $1,619 | 1 | 22 |
| Elk Grove Village 60007 | $1,725 | ▼ $31 | $1,486 | 2 | 29 |
Is Rent Going Up or Down in Schaumburg, IL?
As of August 2026, the average rent in Schaumburg, IL is $1,947 per month across 12 apartment communities and 185 available units. Rents have decreased $185 (8.6%) over the past month.
The most affordable option is North 680 starting at $1,000/mo. By unit type, a studio averages $2,094/mo, a 1-bedroom averages $1,836/mo, a 2-bedroom averages $1,960/mo, a 3-bedroom averages $2,551/mo, a 4-bedroom averages $1,290/mo.
Prices range from $1,000 to $3,381 per month. The most common price point is the $1,600 range, where 55 units are currently listed.
Schaumburg, IL Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| May 2026 | $2,293 | - | 5 |
| June 2026 | $2,188 | -$105 | 12 |
| July 2026 | $2,154 | -$34 | 13 |
| August 2026 | $2,044 | -$110 | 13 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Schaumburg, IL
Rent Prices by Apartment in Schaumburg, IL
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| North 680 | $1,000/mo | $1,000/mo | 2 | 4 |
| Citypoint | $1,290/mo | $1,835/mo | 2 | 4.6 |
| Hoffman Hills Apartments | $1,370/mo | $1,672/mo | 33 | 3.7 |
| The Preserve at Woodfield | $1,440/mo | $1,859/mo | 5 | 3.6 |
| Orion Elk Grove | $1,486/mo | $1,720/mo | 4 | 3.5 |
| 21 Kristin Apartments | $1,509/mo | $2,066/mo | 17 | 3.6 |
| Willow Crossing | $1,537/mo | $1,726/mo | 25 | 4 |
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
$78,000/year
Based on the 30 percent rule, using our tracked average rent of $1,947/mo.
Comfortable income
$93,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,000/mo), you need to earn at least $40,000/year.
Median household income in Schaumburg, IL is $94,690 , about 1% 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) | $1,947 |
| Utilities | $477 |
| Groceries | $563 |
| Transportation | $1,138 |
| Healthcare | $555 |
| Other goods and services | $888 |
| Estimated total | $5,568/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 Schaumburg, IL Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Schaumburg, IL Apartments
Browse all 12 communities with daily-updated pricing and availability.