Village Park Apartments
985 Grand Canyon Pky,
Hoffman Estates, IL 60169
Studio - 2 Beds | $1,240 - $1,915
Rental Market Trends in Hoffman Estates, IL
Updated July 2026
The average rent in Hoffman Estates, IL is $1,646/month.
Rent in Hoffman Estates is roughly equal to the national average rent of of $1,663/month.
$1,646/month
Average Rent
767 Sq Ft
Average Size
+1.9%
Change / Year
578
Available Apartments
Hoffman Estates rent varies by unit size and layout:
- Studio apartments in Hoffman Estates average $1,378 per month.
- One-bedroom apartments in Hoffman Estates average $1,646 per month.
- Two-bedroom apartments in Hoffman Estates average $1,986 per month.
- Three-bedroom apartments in Hoffman Estates average $2,763 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Hoffman Estates, IL?
In the past year, rent has increased by 1.9%, which averages out to $32 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Hoffman Estates, IL
July 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
17%
$1,001 - $1,500/month
67%
$1,501 - $2,000/month
17%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Hoffman Estates?
Based on current rent prices, Bell Works is the most affordable neighborhood in Hoffman Estates.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Hoffman Estates?
Based on current rent prices, Bell Works is the most expensive neighborhood in Hoffman Estates.
Neighborhood
Average Rent
Average Sq Ft
Which Hoffman Estates neighborhoods have the most rentals available?
The neighborhood in Hoffman Estates with the most apartments available is Bell Works .
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 $1,646, you’ll want to make about $5,486 per month or $65,832 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.
View the Hoffman Estates Area GuideStudio
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Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Hoffman Estates?
The average rent in Hoffman Estates is $1,646 per month, which is 1.0% lower than the national average of $1,663.
What is the average rent for a house in Hoffman Estates?
The average rent for a house in Hoffman Estates, IL is $3,035 per month.
What is the average rent for a townhome in Hoffman Estates?
The average rent for a townhome in Hoffman Estates, IL is $2,445 per month.
Are rents going up or down in Hoffman Estates?
Rents in Hoffman Estates, IL are increasing, with prices up 1.9% year-over-year and $32 more per month.
What rent range is most common in Hoffman Estates?
In Hoffman Estates, IL, 67% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
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 June 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.