Schaumburg, IL Rental Market Trends
What is the average rent in Schaumburg?
The average rent for an apartment in Schaumburg is $1,713. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Schaumburg, IL
|Average Rent||Average Apartment Size|
|$1,713||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
11,131 or 37% of the households in Schaumburg, IL are renter-occupied while 19,118 or 63% are owner-occupied.
Schaumburg, IL rent trends
Average Rent in Schaumburg, IL By Neighborhood
|Indian Head Park||$1,936|
|Elk Grove Village||$1,469|
|La Grange Park||$1,235|
|South Chicago Heights||$948|
What are the most affordable neighborhoods in Schaumburg?
The most affordable neighborhoods in Schaumburg are Calumet Park, where the average rent goes for $899/month, Riverdale, where renters pay $899/mo on average, and Blue Island, where the average rent goes for $922/mo. If you’re looking for other great deals, check out the listings from Chicago Heights ($948), Ford Heights ($948), and Lynwood ($948), where the asking prices are below the average Schaumburg rent of $1,713/mo.
What are the most expensive neighborhoods in Schaumburg?
What are the most popular neighborhoods in Schaumburg?
The most popular neighborhood in Schaumburg is Chicago, where there are 1386 listings with an average rent of $2,224. Next up is Oak Park, where apartments go for $2,016/month, followed by Evanston with $2,117 If you’re looking to rent in Schaumburg’s most popular neighborhoods, make sure to also check out Skokie, where renters pay $1,758 on average, and Riverdale, where the average monthly rent is $899.
Schaumburg | Rent Comparison by Neighborhood
Rent in Alsip is 35% lower than in Arlington Heights
Alsip rent is 34% lower than Schaumburg average
Arlington Heights rent is 1% higher than Schaumburg average
How Schaumburg Compares to Other Cities