Schaumburg, IL Rental Market Trends
Last updated: April 06, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Schaumburg is $1,920, a 0.35% decrease compared to the previous year, when the average rent was $1,927.
Studio Apartments at $1,507 offer the most budget-friendly option with 493 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 731 square feet for $1,760, balancing privacy and affordability.
Two-beedroom units at $2,129 offer 1,013 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,193 sq ft) for $2,428, suitable for larger households.
Average rent in Schaumburg, IL
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,920 | 851 sq. ft. |
| Studio | $1,507 | 493 sq. ft. |
| 1 Bed | $1,760 | 731 sq. ft. |
| 2 Beds | $2,129 | 1,013 sq. ft. |
| 3 Beds | $2,428 | 1,193 sq. ft. |
Schaumburg, IL rent trends
Rental prices in Schaumburg, IL have decreased by 0.35% over the past year. The average rent moved from $1,927 to $1,920.
What's the typical rent budget in Schaumburg, IL?
The largest share of rentals in Schaumburg, IL (69%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Schaumburg, IL?
11,729 or 37% of the households in Schaumburg, IL are renter-occupied while 19,926 or 63% are owner-occupied.
Most affordable neighborhoods in Schaumburg?
Blue Island $1,031/month
Calumet City $1,159/month
Oak Lawn $1,177/month
All of these neighborhoods fall below the city wide average of $1,920/month.Most expensive neighborhoods in Schaumburg?
Park Ridge $2,594/month
Barrington $2,836/month
Wilmette $5,315/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Schaumburg, IL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Wilmette | $5,315 |
| Barrington | $2,836 |
| Park Ridge | $2,594 |
| Evanston | $2,577 |
| Glenview | $2,481 |
| Matteson | $2,477 |
| Chicago | $2,455 |
| Orland Park | $2,376 |
| Northbrook | $2,285 |
| Oak Park | $2,277 |
| Skokie | $2,065 |
| La Grange | $2,035 |
| Wheeling | $2,002 |
| Tinley Park | $1,955 |
| Palatine | $1,900 |
| Arlington Heights | $1,898 |
| Des Plaines | $1,853 |
| Hoffman Estates | $1,815 |
| Mount Prospect | $1,796 |
| Rolling Meadows | $1,746 |
| Elk Grove Village | $1,694 |
| Richton Park | $1,659 |
| Park Forest | $1,524 |
| La Grange Park | $1,510 |
| Forest Park | $1,503 |
| Alsip | $1,396 |
| Chicago Ridge | $1,353 |
| Oak Forest | $1,326 |
| Lansing | $1,302 |
| Worth | $1,295 |
| Justice | $1,270 |
| Chicago Heights | $1,267 |
| Melrose Park | $1,246 |
| Midlothian | $1,237 |
| Riverdale | $1,200 |
| Steger | $1,182 |
| Oak Lawn | $1,177 |
| Calumet City | $1,159 |
| Blue Island | $1,031 |
Schaumburg | Rent Comparison by Neighborhood
Rent in Alsip is 26% lower than in Arlington Heights
Alsip rent is 27% lower than Schaumburg average
Arlington Heights rent is 1% lower than Schaumburg average
How Schaumburg Compares to Other Cities
| City | Average Rent |
|---|---|
| Schaumburg | $1,920 |
| Chicago | $2,455 |
| Oak Park | $2,277 |
| Evanston | $2,577 |
| Naperville | $2,059 |
| Skokie | $2,065 |
| Aurora | $1,841 |
| Champaign | $1,750 |
| Dekalb | $1,151 |
| Peoria | $1,307 |
| Lombard | $2,037 |
| Villa Park | $2,117 |
| Oakbrook Terrace, IL | $2,306 |
| Arlington Heights, IL | $1,898 |
| Elgin, IL | $1,694 |
| Glen Ellyn, IL | $1,891 |
| Palatine, IL | $1,900 |
| Rolling Meadows, IL | $1,746 |
| Carol Stream, IL | $1,643 |
| Des Plaines, IL | $1,853 |
| Mount Prospect, IL | $1,796 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Schaumburg apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.