The Lakes of Schaumburg Apartment Homes
801 Belinder Ln,
Schaumburg, IL 60173
1-2 Beds | $1,545 - $2,345
Rental Market Trends in Schaumburg, IL
Updated July 2026
The average rent in Schaumburg, IL is $1,855/month.
Rent in Schaumburg is roughly equal to the national average rent of of $1,662/month.
$1,855/month
Average Rent
739 Sq Ft
Average Size
+1.5%
Change / Year
879
Available Apartments
Schaumburg rent varies by unit size and layout:
- Studio apartments in Schaumburg average $1,765 per month.
- One-bedroom apartments in Schaumburg average $1,855 per month.
- Two-bedroom apartments in Schaumburg average $2,170 per month.
- Three-bedroom apartments in Schaumburg average $2,572 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 Schaumburg, IL?
In the past year, rent has increased by 1.5%, which averages out to $28 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Schaumburg, 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
0%
$1,001 - $1,500/month
50%
$1,501 - $2,000/month
50%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Schaumburg?
Based on current rent prices, Colony Lake Club and Far Northwest Suburban Cook" 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, Far Northwest Suburban Cook and Colony Lake Club" 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 and Colony Lake Club" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Schaumburg, IL?
Because the average rent in Schaumburg is $1,855, you’ll want to make about $6,183 per month or $74,196 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.
View the Schaumburg Area GuideStudio
-
$1,539/month
One Bedroom
-
$1,762/month
Two Bedroom
-
$2,006/month
Three Bedroom
-
$2,466/month
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 Schaumburg?
The average rent in Schaumburg is $1,855 per month, which is 11.6% higher than the national average of $1,662.
What is the average rent for a house in Schaumburg?
The average rent for a house in Schaumburg, IL is $3,053 per month.
What is the average rent for a townhome in Schaumburg?
The average rent for a townhome in Schaumburg, IL is $2,483 per month.
What is the average rent for a condo in Schaumburg?
The average rent for a condo in Schaumburg, IL is $1,591 per month.
Are rents going up or down in Schaumburg?
Rents in Schaumburg, IL are increasing, with prices up 1.5% year-over-year and $28 more per month.
What rent range is most common in Schaumburg?
In Schaumburg, IL, 50% 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.