The Lakes of Schaumburg Apartment Homes
801 Belinder Ln,
Schaumburg, IL 60173
$1,650 - $3,935
1-2 Beds
Rental Market Trends in Schaumburg, IL
What is the average rent in Schaumburg, IL?
$1,838/month
Average Rent
739 Sq Ft
Average Apartment Size
+1.8%
Increase in the Last Year
As of March 2026, the average rent in Schaumburg, IL is $1,838 per month. For comparison, the national average rent price in the US is currently $1,626/month, which means Schaumburg rent prices are 13% higher than the national average. When you rent an apartment in Schaumburg, you can expect to pay about $1,598 per month for a studio, $1,838 for a one-bedroom apartment, and around $2,149 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,417 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 Schaumburg, IL?
In the past year, rent has increased by 1.8%, which averages out to $34 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 March 2026
Legend
2025
2026
Rent Ranges in Schaumburg, IL
Last Updated March 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
56%
$1,501 - $2,000/month
44%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Schaumburg?
Based on current rent prices, The Lakes, Far Northwest Suburban Cook and Park Meadows are the most affordable neighborhoods in Schaumburg.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Schaumburg?
Based on current rent prices, Park Meadows, Autumn Ridge and Lexington Green are the most expensive neighborhoods in Schaumburg.
Neighborhood
Average Rent
Average Sq Ft
Which Schaumburg neighborhoods have the most rentals available?
The neighborhoods in Schaumburg with the most apartments available are Far Northwest Suburban Cook, The Lakes and Park Meadows .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Schaumburg, IL?
Because the average rent in Schaumburg is $1,838, you’ll want to make about $6,126 per month or $73,512 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 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.
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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.
* Percentages may not total 100 due to rounding.