Village Park Apartments, LLC
985 Grand Canyon Pky,
Hoffman Estates, IL 60169
$1,275 - $1,950
Studio - 2 Beds
Rental Market Trends in Hoffman Estates, IL
What is the average rent in Hoffman Estates, IL?
$1,647/month
Average Rent
767 Sq Ft
Average Apartment Size
+1.8%
Increase in the Last Year
As of April 2026, the average rent in Hoffman Estates, IL is $1,647 per month. For comparison, the national average rent price in the US is currently $1,641/month, which means Hoffman Estates rent prices are 0% higher than the national average. When you rent an apartment in Hoffman Estates, you can expect to pay about $1,400 per month for a studio, $1,647 for a one-bedroom apartment, and around $1,986 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,755 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Hoffman Estates, IL?
In the past year, rent has increased by 1.8%, which averages out to $30 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025
2026
Rent Ranges in Hoffman Estates, IL
Last Updated April 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
33%
$1,001 - $1,500/month
50%
$1,501 - $2,000/month
17%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Hoffman Estates?
Based on current rent prices, Bell Works, Barrington Square and Moon Lake Trails are the most affordable neighborhoods in Hoffman Estates.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Hoffman Estates?
Based on current rent prices, Moon Lake Trails, Bell Works and Barrington Square are the most expensive neighborhoods in Hoffman Estates.
Neighborhood
Average Rent
Average Sq Ft
Which Hoffman Estates neighborhoods have the most rentals available?
The neighborhoods in Hoffman Estates with the most apartments available are Bell Works, Barrington Square and Moon Lake Trails .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Hoffman Estates, IL?
Because the average rent in Hoffman Estates is $1,647, you’ll want to make about $5,490 per month or $65,880 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Hoffman Estates, IL compare to other nearby cities and neighborhoods?
Use the tool below to compare Hoffman Estates, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.