Schaumburg, IL Rental Market Trends
Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Schaumburg is $1,966, a 2.85% increase compared to the previous year, when the average rent was $1,912.
Studio Apartments at $1,494 offer the most budget-friendly option with 493 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 730 square feet for $1,795, balancing privacy and affordability.
Two-beedroom units at $2,200 offer 1,013 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,182 sq ft) for $2,389, suitable for larger households.
Average rent in Schaumburg, IL
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,966 | 849 sq. ft. |
| Studio | $1,494 | 493 sq. ft. |
| 1 Bed | $1,795 | 730 sq. ft. |
| 2 Beds | $2,200 | 1,013 sq. ft. |
| 3 Beds | $2,389 | 1,182 sq. ft. |
Schaumburg, IL rent trends
Rental prices in Schaumburg, IL have increased by 2.85% over the past year. The average rent moved from $1,912 to $1,966.
What's the typical rent budget in Schaumburg, IL?
The largest share of rentals in Schaumburg, IL (63%) 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?
12,232 or 38% of the households in Schaumburg, IL are renter-occupied while 19,782 or 62% are owner-occupied.
Most affordable neighborhoods in Schaumburg?
Blue Island $1,019/month
Melrose Park $1,092/month
Riverdale $1,096/month
All of these neighborhoods fall below the city wide average of $1,966/month.Most expensive neighborhoods in Schaumburg?
Park Ridge $2,645/month
Barrington $2,683/month
Wilmette $5,142/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Schaumburg, IL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Wilmette | $5,142 |
| Barrington | $2,683 |
| Park Ridge | $2,645 |
| Evanston | $2,568 |
| Glenview | $2,455 |
| Matteson | $2,437 |
| Chicago | $2,432 |
| Orland Park | $2,342 |
| Northbrook | $2,330 |
| Oak Park | $2,213 |
| Skokie | $2,128 |
| La Grange | $2,061 |
| Wheeling | $2,046 |
| Arlington Heights | $1,979 |
| Tinley Park | $1,948 |
| Palatine | $1,851 |
| Mount Prospect | $1,850 |
| Des Plaines | $1,843 |
| Hoffman Estates | $1,832 |
| Rolling Meadows | $1,721 |
| Elk Grove Village | $1,666 |
| Richton Park | $1,545 |
| Park Forest | $1,489 |
| La Grange Park | $1,457 |
| Forest Park | $1,333 |
| Oak Forest | $1,291 |
| Chicago Ridge | $1,274 |
| Lansing | $1,251 |
| Midlothian | $1,247 |
| Chicago Heights | $1,238 |
| Worth | $1,227 |
| Oak Lawn | $1,193 |
| Calumet City | $1,123 |
| Riverdale | $1,096 |
| Melrose Park | $1,092 |
| Blue Island | $1,019 |
Schaumburg | Rent Comparison by Neighborhood
Rent in Arlington Heights is 26% lower than in Barrington
Arlington Heights rent is 1% higher than Schaumburg average
Barrington rent is 36% higher than Schaumburg average
How Schaumburg Compares to Other Cities
| City | Average Rent |
|---|---|
| Schaumburg | $1,966 |
| Chicago | $2,432 |
| Oak Park | $2,213 |
| Evanston | $2,568 |
| Rockford | $1,252 |
| Skokie | $2,128 |
| Peoria | $1,218 |
| Aurora | $1,865 |
| Naperville | $2,082 |
| Waukegan | $1,365 |
| Dekalb | $1,105 |
| Lombard | $2,008 |
| Arlington Heights | $1,979 |
| Rolling Meadows, IL | $1,721 |
| Des Plaines, IL | $1,843 |
| Mount Prospect, IL | $1,850 |
| Glen Ellyn, IL | $1,765 |
| Palatine, IL | $1,851 |
| Carol Stream, IL | $1,648 |
| Elgin, IL | $1,693 |
| Wheaton, IL | $2,072 |
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.