The average monthly rent of apartments in Schaumburg, IL is $1,713.
The average monthly rent of apartments in Schaumburg, IL is $1,713.
Compared to the national average rent of $1,727, the average rent in Schaumburg, IL is $1,713.
Prices and availability in Schaumburg, IL were last updated on 31 Jan 2023.
The average rent in Schaumburg, IL is $1,713. Start your search for apartments in Schaumburg, IL now.
The price range for a 1-bedroom apartment in Schaumburg, IL is between $1,200 and $6,081. Browse all available 1-bedroom apartments in Schaumburg, IL now.
The price range for a 2-bedroom apartment in Schaumburg, IL is between $1,200 and $6,473. Browse and find a 2-bedroom apartment in Schaumburg, IL.
The price range for a 3-bedroom apartment in Schaumburg, IL is between $1,419 and $4,698. Browse all available 3-bedroom apartments in Schaumburg, IL.
In Schaumburg 37% of the housing is rented out compared to 63% of homes are owned, according to the most recent Census Bureau estimates. 22% of Schaumburg’s apartments are found in large buildings of 50 units or more, 72% are located in smaller apartment complexes with less than 50 units, and 6% are single-family rentals.
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Schaumburg are about 40 years old, on average. Of these, 6% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 4 stories. About 85% of the rental communities here are low-rise, garden-style communities, 15% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
Studio apartments in Schaumburg are around 4% of rentals, while 1-bedroom floor plans represent 53% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 42% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.
Located some 30 miles northwest of Chicago, Schaumburg is a fast-growing suburb that is a great renting spot for families raising children. Schaumburg was originally founded as a small agricultural town in the 19th century. Since then, Schaumburg has transformed into one of the biggest commercial centers in the Chicago suburbs. The city offers plenty of kid-friendly entertainment, including the Legoland Discovery Center and multiple water parks. Schaumburg also offers plenty in the way of outdoor recreation, with multiple golf clubs, nature preserves and playgrounds. Over the years, Schaumburg has attracted immigrants from around the world and there is a notably large Asian population. As a result, Schaumburg has plenty of delicious and authentic restaurants that serve global cuisines.
While most Schaumburg residents own their homes, there is also a decent selection of rental properties available in town. Most rental properties are single-family homes or low-rise condo buildings. There are some mid- and high-rise apartment buildings on the north side of Schaumburg near the Woodfield Mall. These apartments are the closest to Schaumburg’s office buildings as well and are popular among young professionals. Schaumburg has a very low crime rate, so it is safe to walk or bike outside if you need to. When compared to Chicago and other suburbs nearby, Schaumburg’s rental prices are relatively affordable. Rentals here also tend to be more spacious and often come with yards, terraces or other outdoor spaces.
Schaumburg, IL has a population of 73,392 according to the most recent data from the U.S. Census Bureau. 37,738 of Schaumburg’s residents are women and 35,654 are men. The median age of those who live in Schaumburg, IL is 38.5.
Schaumburg is one of the biggest shopping destinations in Chicago’s northwest suburbs. The shopping in Schaumburg centers around the Woodfield Mall, which is one of the largest in the entire country. In addition to luxury shopping options, this mall has a movie theater, bowling alley, comedy club and several restaurants. There are also smaller shopping centers surrounding the mall that feature popular big box stores and grocery stores that meet renters’ everyday needs. The Schaumburg Town Square area, which is located at the intersection of Roselle Road and Schaumburg Road, includes many shops and restaurants as well. Here you will find more locally owned stores and restaurants, as opposed to national chains.
According to U.S. Census data, there are 30,249 households in Schaumburg, IL. 18,707 are family households and 11,542 are non-family households. There are 9,069 households with children in Schaumburg and 21,180 households without children. On average, about 2.41 people live in a household in Schaumburg, IL.
Because Schaumburg is relatively spread out, most renters use their cars to get to work and run most errands. What’s more, the Schaumburg area often experiences harsh winters, which makes it difficult for renters to walk or bike during this time of year. Schaumburg is a 20-minute drive away from O’Hare International Airport, which is very convenient for those who travel frequently. There are some public transit options for renters who commute from Schaumburg to Chicago. The Metra commuter rail has a stop on the southern end of Schaumburg and takes residents directly into downtown Chicago. The Pace bus system also runs some routes in Schaumburg, most notably a bus connecting the Woodfield Mall to the CTA Blue Line station at Rosemont, which will also take riders into downtown Chicago. For renters who prefer more convenient transportation methods, taxis and ridesharing services like Uber and Lyft are available in the city.
The level of education of the population of Schaumburg, IL is as follows: 2% have no high school education, 21% completed some high school, 23% partially completed college, 7% have an Associate Degree, 29% have a Bachelor Degree, and 18% have a Graduate Degree.
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