Last updated
Average Rent in Schaumburg, IL & Rent Trends
Rent prices and market trends across 1 apartment community in Schaumburg, IL. Updated daily.
Market Average
$1,260/mo
▲ +1.2% from last month
Lowest Available
$1,260/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
1
available now
Rent by Neighborhood in Schaumburg, IL
Compare average rent across Schaumburg, IL neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | From | Properties | Units |
|---|---|---|---|---|
| Schaumburg 60173 | $2,041 | $1,580 | 4 | 53 |
| Schaumburg 60007 | $1,749 | $1,642 | 1 | 5 |
| Schaumburg 60195 | $1,629 | $1,629 | 1 | 2 |
| Schaumburg 60143 | $1,543 | $1,260 | 1 | 14 |
Is Rent Going Up or Down in Schaumburg, IL?
As of May 2026, the average rent in Schaumburg, IL is $1,260 per month across 1 apartment community and 1 available units. Rents have increased $18 (1.2%) over the past month.
The most affordable option is Medinah Terrace Apartments starting at $1,260/mo. By unit type, a studio averages $1,260/mo.
Prices range from $1,260 to $1,260 per month. The most common price point is the $1,200 range, where 1 units are currently listed.
Schaumburg, IL Rent Price History
Rent by Bedroom Type in Schaumburg, IL
Rent Prices by Apartment in Schaumburg, IL
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Medinah Terrace Apartments | $1,260/mo | $1,260/mo | 1 | 3.7 |
Google Search Trends for Schaumburg, IL Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Schaumburg, IL
What is the average rent in Schaumburg, IL?
Is rent going up or down in Schaumburg, IL?
What is the cheapest apartment in Schaumburg, IL?
How many apartments are available in Schaumburg, IL?
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
$50,000/year
30 percent rule -- using our average rent of $1,260/mo.
Comfortable income
$60,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
Median household income in Schaumburg, IL is $94,690 , about 57% 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) | $1,260 |
| Utilities | $477 |
| Groceries | $563 |
| Transportation | $1,138 |
| Healthcare | $555 |
| Other goods and services | $888 |
| Estimated total | $4,881/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.
Explore Schaumburg, IL Apartments
Browse all 1 communities with daily-updated pricing and availability.