Average Rent in Schaumburg, IL
11 apartment buildings, 74 units. Real asking prices, refreshed daily.
Avg Rent
$1,916/mo
Cheapest
$1,260/mo
Properties
11
Units
74
Analysis
Rent Price Breakdown
Compare pricing across all 11 properties in Schaumburg, IL.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Schaumburg, IL Rent Prices
All 11 properties ranked by lowest available rent.
Medinah Terrace Apartments
1565 W Irving Park Rd, Itasca, IL 60143, USA
The Lakes of Schaumburg Apartment Homes
801 Belinder Ln, Schaumburg, IL 60173, USA
21 Kristin Apartments
21 Kristin Dr, Schaumburg, IL 60195, USA
Cypress Place
975 Jefferson Square, Elk Grove Village, IL 60007, USA
North 680
680 E Algonquin Rd, Schaumburg, IL 60173, USA
The Quin Schaumburg Apartments
2450 Plum Grove Rd, Schaumburg, IL 60173, USA
Village Green of Schaumburg
880 Hadley Run Ln, Schaumburg, IL 60173, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Medinah Terrace Apartments 1565 W Irving Park Rd, Itasca, IL 60143, USA | $1,260 | $1,543 | $2.16 | 3.7 (80) | 14 |
| 2 | The Lakes of Schaumburg Apartment Homes 801 Belinder Ln, Schaumburg, IL 60173, USA | $1,580 | $1,829 | $2.79 | 3.4 (175) | 38 |
| 3 | 21 Kristin Apartments 21 Kristin Dr, Schaumburg, IL 60195, USA | $1,629 | $1,629 | $3.66 | 3.6 (170) | 2 |
| 4 | Cypress Place 975 Jefferson Square, Elk Grove Village, IL 60007, USA | $1,642 | $1,749 | $2.25 | 3.8 (105) | 5 |
| 5 | North 680 680 E Algonquin Rd, Schaumburg, IL 60173, USA | $2,078 | $2,587 | $2.89 | 4 (72) | 7 |
| 6 | The Quin Schaumburg Apartments 2450 Plum Grove Rd, Schaumburg, IL 60173, USA | $2,225 | $2,373 | $3.35 | 4.3 (50) | 5 |
| 7 | Village Green of Schaumburg 880 Hadley Run Ln, Schaumburg, IL 60173, USA | $2,583 | $2,908 | $3.35 | 4.1 (72) | 3 |
Explore Each Property
Medinah Terrace Apartments
3.7 (80)1565 W Irving Park Rd, Itasca, IL 60143, USA
The Lakes of Schaumburg Apartment Homes
3.4 (175)801 Belinder Ln, Schaumburg, IL 60173, USA
21 Kristin Apartments
3.6 (170)21 Kristin Dr, Schaumburg, IL 60195, USA
Cypress Place
3.8 (105)975 Jefferson Square, Elk Grove Village, IL 60007, USA
North 680
4 (72)680 E Algonquin Rd, Schaumburg, IL 60173, USA
The Quin Schaumburg Apartments
4.3 (50)2450 Plum Grove Rd, Schaumburg, IL 60173, USA
Schaumburg, IL Average Rent Prices 2026
The average rent in Schaumburg, IL is $1,916 per month, based on 74 units across 11 apartment communities. Prices range from $1,260 at Medinah Terrace Apartments to $2,583 at Village Green of Schaumburg.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,260/mo | $1,260/mo | 1 |
| 1 Bed | $1,788/mo | $1,525/mo | 58 |
| 2 Bed | $2,514/mo | $1,920/mo | 14 |
| 3 Bed | $1,629/mo | $1,629/mo | 1 |
Every price comes directly from each property's leasing system, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Schaumburg, IL, and what they pay
Tracked one-bedroom rent in Schaumburg, IL averages $1,788/mo, with two-bedroom units averaging $2,514/mo. At the local median household income of $94,690, that works out to 24% of gross income, well within the 25 percent comfortable-rent threshold.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Schaumburg, IL at $1,774/mo. The current tracked market average runs 8% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Schaumburg, IL while the tracked market average covers units currently listed in larger apartment communities.
Who employs renters in Chicago
Demand in the Chicago rental market is shaped by the metro's largest private and public employers. The following organizations anchor local hiring and influence what renters can pay:
- Motorola Solutions
- Zurich Insurance
Mean one-way commute in Schaumburg, IL is 28 minutes, per the Census ACS, useful context when weighing which properties sit inside reasonable reach of these employers.
What salary do I need to live comfortably in Schaumburg, IL?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$77,000/year
30 percent rule -- using our average rent of $1,916/mo.
Comfortable income
$92,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,260/mo), you need to earn at least $50,000/year.
Median household income in Schaumburg, IL is $94,690 , about 3% above the comfortable-living threshold.
Cost of living in Schaumburg, IL
Overall prices in Schaumburg, IL runs above the national average by about 2% (BEA Regional Price Parity index 102.5, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Schaumburg, IL's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,916 |
| Utilities | $477 |
| Groceries | $563 |
| Transportation | $1,138 |
| Healthcare | $555 |
| Other goods and services | $888 |
| Estimated total | $5,537/mo |
Population
76,780
Median household income
$94,690
Census median rent
$1,774/mo
Rent as % of income
25.9%
Median age
39.7
Mean commute
28 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in Illinois
How Schaumburg, IL rent compares to other markets in the state.
| City | Avg Rent | vs Schaumburg, IL | Properties |
|---|---|---|---|
| Chicago, IL | $2,996 | +56% | 26 |
| Peoria, IL | $1,897 | -1% | 12 |
| Naperville, IL | $2,304 | +20% | 12 |
| Aurora, IL | $2,144 | +12% | 12 |
| Rockford, IL | $1,215 | -37% | 11 |
| Bloomington, IL | $1,130 | -41% | 11 |
Frequently asked questions
What is the average rent in Schaumburg, IL?
The average rent in Schaumburg, IL is $1,916 per month, based on 74 units across 11 apartment buildings tracked by Average Rent. Prices are updated every morning through our proprietary data sourcing.
What is the cheapest apartment rent in Schaumburg, IL?
The lowest available rent in Schaumburg, IL starts at $1,260 per month. Availability changes daily as leasing data is refreshed each morning.
How much is a 1-bedroom apartment in Schaumburg, IL?
1-bedroom apartments in Schaumburg, IL average $1,788/mo. The lowest listed 1-bedroom starts at $1,525/mo across 58 units tracked.
How much is a 2-bedroom apartment in Schaumburg, IL?
2-bedroom apartments in Schaumburg, IL average $2,514/mo. Units start from $1,920/mo across 14 units currently listed.
Rent Trends in Schaumburg, IL
Track how apartment prices are changing over time.
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