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Rental Market Trends in Schaumburg, IL

What is the average rent in Schaumburg, IL?

$1,816/month

Average Rent

739 Sq Ft

Average Apartment Size

+2%

Increase in the Last Year

As of July 2025, the average rent in Schaumburg, IL is $1,816 per month. For comparison, the national average rent price in the US is currently $1,637/month, which means Schaumburg rent prices are 11% higher than the national average. When you rent an apartment in Schaumburg, you can expect to pay about $1,587 per month for a studio, $1,816 for a one-bedroom apartment, and around $2,187 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,454 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,587/month
517 Sq Ft
One Bedroom
$1,816/month
739 Sq Ft
Two Bedroom
$2,187/month
1,013 Sq Ft
Three Bedroom
$2,454/month
1,227 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,410/month
1,122 Sq Ft
Three Bedroom
$3,540/month
1,410 Sq Ft
Four Bedroom
$3,654/month
1,840 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,925/month
766 Sq Ft
Two Bedroom
$2,232/month
946 Sq Ft
Three Bedroom
$2,544/month
1,175 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,269/month
1,006 Sq Ft
Three Bedroom
$2,565/month
1,435 Sq Ft

How much has average rent changed in Schaumburg, IL?

In the past year, rent has increased by 2%, which averages out to $36 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 July 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Schaumburg, IL
Last Updated July 2025
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Schaumburg, IL
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
0% $1,001 - $1,500/month
50% $1,501 - $2,000/month
50% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Schaumburg?

Based on current rent prices, Far Northwest Suburban Cook, Autumn Ridge and Park Meadows are the most affordable neighborhoods in Schaumburg.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Far Northwest Suburban Cook
$1,955/month
767 Sq Ft
Autumn Ridge
$1,993/month
716 Sq Ft
Park Meadows
$1,995/month
722 Sq Ft
Lexington Green
$1,997/month
714 Sq Ft
The Lakes
$2,181/month
618 Sq Ft

What are the most expensive neighborhoods in Schaumburg?

Based on current rent prices, The Lakes, Lexington Green and Park Meadows are the most expensive neighborhoods in Schaumburg.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
The Lakes
$2,181/month
618 Sq Ft
Lexington Green
$1,997/month
714 Sq Ft
Park Meadows
$1,995/month
722 Sq Ft
Autumn Ridge
$1,993/month
716 Sq Ft
Far Northwest Suburban Cook
$1,955/month
767 Sq Ft

Which Schaumburg neighborhoods have the most rentals available?

The neighborhoods in Schaumburg with the most apartments available are Far Northwest Suburban Cook, Park Meadows and The Lakes .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Far Northwest Suburban Cook
$1,955/month
767 Sq Ft
Park Meadows
$1,995/month
722 Sq Ft
The Lakes
$2,181/month
618 Sq Ft
Autumn Ridge
$1,993/month
716 Sq Ft
Lexington Green
$1,997/month
714 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Schaumburg, IL?

Because the average rent in Schaumburg is $1,816, you’ll want to make about $6,053 per month or $72,636 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.

City

Schaumburg, IL

712 Available Apartments for Rent

Search for Nearby Apartments

How does Schaumburg, IL compare to other nearby cities and neighborhoods?

Use the tool below to compare Schaumburg, 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.

Explore the Area Guide for Schaumburg, IL

Apartment Averages

Far Northwest Suburban Cook

Schaumburg, IL

The Lakes

Schaumburg, IL

Studio
$1,503/month
-
One Bedroom
$1,736/month
-
Two Bedroom
$1,990/month
-
Three Bedroom
$2,452/month
-
Search
Search

Nearby City Rent Trends

  • Roselle Average Rent
  • Hoffman Estates Average Rent
  • Rolling Meadows Average Rent
  • Hanover Park Average Rent
  • Streamwood Average Rent
  • Elk Grove Village Average Rent

Apartment communities in Schaumburg we think you'll love

Seasons at Hoffman Estates

Seasons at Hoffman Estates

1800 Autumn Dr,
Hoffman Estates, IL 60169

Studio - 3 Beds | $1,805 - $3,395

21 Kristin

21 Kristin

21 Kristin Dr,
Schaumburg, IL 60195

1-3 Beds | $1,549 - $4,099

The Lakes of Schaumburg Apartment Homes

The Lakes of Schaumburg Apartment Homes

801 Belinder Ln,
Schaumburg, IL 60173

1-2 Beds | $1,700 - $3,874

Village in the Park Apartments

Village in the Park Apartments

1417 Valley Lake Dr,
Schaumburg, IL 60195

Studio - 2 Beds | $1,390 - $2,155

Property Management Companies in Schaumburg, IL

RMK Management
RMK Management
  • 29

    Communities

  • 7,202

    Units

  • 19

    Cities

2 Communities in Schaumburg
The Finger Companies
The Finger Companies
  • 13

    Communities

  • 4,692

    Units

  • 3

    Cities

2 Communities in Schaumburg
RPM
RPM
  • 607

    Communities

  • 160,918

    Units

  • 244

    Cities

1 Community in Schaumburg
Morgan Properties
Morgan Properties
  • 326

    Communities

  • 97,970

    Units

  • 199

    Cities

1 Community in Schaumburg
BH
BH
  • 338

    Communities

  • 95,593

    Units

  • 197

    Cities

1 Community in Schaumburg
Trinity Property Consultants
Trinity Property Consultants
  • 168

    Communities

  • 44,535

    Units

  • 99

    Cities

1 Community in Schaumburg
Village Green
Village Green
  • 171

    Communities

  • 36,141

    Units

  • 98

    Cities

1 Community in Schaumburg
AIR Communities
AIR Communities
  • 97

    Communities

  • 34,099

    Units

  • 57

    Cities

1 Community in Schaumburg

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United States Illinois Schaumburg Rental Trends

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 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity