Schaumburg, IL Rental Market Trends
What is the average rent in Schaumburg?
The average rent for an apartment in Schaumburg is $1,556. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Schaumburg, IL
| Average Rent | Average Apartment Size |
|---|---|
| $1,556 | 845 sq. ft. |
What is the average apartment size in Schaumburg?
The average size for a Schaumburg, IL apartment is 845 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Schaumburg, IL Apartment Rent Ranges
Schaumburg, IL Occupied Housing Units
10,954 or 36% of the households in Schaumburg, IL are renter-occupied while 18,751 or 63% are owner-occupied.
Schaumburg, IL Rent Trends
| Average Rent | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Jan / 2022 |
|---|---|---|---|---|---|---|---|---|---|
| Schaumburg, IL | $1,377 | $1,394 | $1,431 | $1,410 | $1,406 | $1,412 | $1,405 | $1,513 | $1,556 |
| National | $1,344 | $1,376 | $1,384 | $1,387 | $1,379 | $1,383 | $1,393 | $1,476 | $1,572 |
Average Rent in Schaumburg, IL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Wilmette | $3,402 |
| Matteson | $2,491 |
| Barrington | $2,420 |
| Barrington Hills | $2,420 |
| Barrington Town | $2,420 |
| South Barrington | $2,420 |
| Park Ridge | $2,363 |
| Evanston | $2,110 |
| Chicago | $2,091 |
| Oak Park | $2,057 |
| Orland Park | $1,991 |
| Glenview | $1,862 |
| Northbrook | $1,778 |
| Countryside | $1,722 |
| Hodgkins | $1,722 |
| Indian Head Park | $1,722 |
| La Grange | $1,722 |
| McCook | $1,722 |
| Skokie | $1,699 |
| Arlington Heights | $1,599 |
| Wheeling | $1,546 |
| Des Plaines | $1,524 |
| Palatine | $1,470 |
| Inverness | $1,469 |
| Elk Grove Village | $1,391 |
| Mount Prospect | $1,373 |
| Hillside | $1,356 |
| Tinley Park | $1,331 |
| Hoffman Estates | $1,327 |
| Rolling Meadows | $1,300 |
| Niles | $1,288 |
| Orland Hills | $1,275 |
| Palos Hills | $1,226 |
| Oak Lawn | $1,225 |
| Richton Park | $1,217 |
| La Grange Park | $1,198 |
| Prospect Heights | $1,197 |
| Park Forest | $1,166 |
| Homewood | $1,164 |
| Oak Forest | $1,154 |
| Rosemont | $1,145 |
| Alsip | $1,135 |
| Merrionette Park | $1,135 |
| Justice | $1,110 |
| Burbank | $1,082 |
| Chicago Ridge | $1,076 |
| Hazel Crest | $1,075 |
| Lansing | $1,066 |
| Lyons | $1,044 |
| Forest Park | $1,041 |
| Worth | $1,032 |
| Crestwood | $1,020 |
| Midlothian | $1,020 |
| Hickory Hills | $1,018 |
| Harwood Heights | $980 |
| Norridge | $980 |
| Chicago Heights | $946 |
| Ford Heights | $946 |
| Lynwood | $946 |
| Sauk Village | $946 |
| South Chicago Heights | $946 |
| Steger | $925 |
| Calumet City | $903 |
| Blue Island | $877 |
| Melrose Park | $850 |
| Calumet Park | $826 |
| Riverdale | $826 |
| Northlake | $800 |
What are the most affordable neighborhoods in Schaumburg?
The most affordable neighborhoods in Schaumburg are Northlake, where the average rent goes for $800/month, Calumet Park, where renters pay $826/mo on average, and Riverdale, where the average rent goes for $826/mo. If you’re looking for other great deals, check out the listings from Melrose Park ($850), Blue Island ($877), and Calumet City ($903), where the asking prices are below the average Schaumburg rent of $1,556/mo.
What are the most expensive neighborhoods in Schaumburg?
The most expensive neighborhoods in Schaumburg are South Barrington ($2,420), Matteson ($2,491) and Wilmette ($3,402).
What are the most popular neighborhoods in Schaumburg?
The most popular neighborhood in Schaumburg is Chicago, where there are 1272 verified RENTCafé listings with an average rent of $2,091. Next up is Oak Park, where apartments go for $2,057/month, followed by Evanston with $2,110 If you’re looking to rent in Schaumburg’s most popular neighborhoods, make sure to also check out Skokie, where renters pay $1,699 on average, and Riverdale, where the average monthly rent is $826.
Schaumburg | Rent Comparison by Neighborhood
Rent in Alsip is 29% lower than in Arlington Heights
Alsip rent is 27% lower than Schaumburg average
| Average Rent | $1,135 |
|---|
Arlington Heights rent is 3% higher than Schaumburg average
| Average Rent | $1,599 |
|---|
How Schaumburg Compares to Other Cities
| City | Average Rent |
|---|---|
| Chicago | $2,091 |
| Oak Park | $2,057 |
| Evanston | $2,110 |
| Skokie | $1,699 |
| Naperville | $1,733 |
| Kenosha | $1,177 |
| Arlington Heights | $1,599 |
| Elgin | $1,400 |
| Forest Park | $1,041 |
| Lombard | $1,703 |
| Schaumburg | $1,556 |