Homes & Apartments for Rent in Buffalo Grove, IL

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What to Know About

Life in Buffalo Grove & Beyond

Buffalo Grove shares many of the great qualities that make Illinois a desirable place to live.

Illinois is known for its rich cultural heritage, lively urban centers, and beautiful countryside landscapes. Explore the state's cultural heritage by visiting renowned museums such as the Lincoln Presidential Library and Museum, the Field Museum of Natural History, the Museum of Science and Industry, and the Art Institute of Chicago. The state also has a thriving theater and art scene, including the renowned Steppenwolf Theatre Company in Chicago. Illinois is also home to respected universities like the University of Illinois at Urbana-Champaign and Northwestern University.

Outdoor enthusiasts will love the scenic beauty of the Shawnee National Forest and the adventure-filled trails of the Starved Rock State Park. Sports fans will be in their element in Illinois, cheering on the Chicago Bears (NFL), Chicago Blackhawks (NHL), Chicago Cubs (MLB), Chicago White Sox (MLB), and Chicago Bulls (NBA). Experience famous attractions like the Willis Tower, Navy Pier, and the Lincoln Park Zoo. Also, enjoy the musicals and plays at Broadway-in-Chicago, festivals throughout the summer months, and culinary tours of the local restaurants.

With its vibrant cultural scene, exciting entertainment options, and top-notch educational opportunities, Illinois offers a high quality of life, making it a great place to live.

Rental Market Trends

Buffalo Grove, IL

As of June 2026, Buffalo Grove's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Buffalo Grove's average rent is 40.0% ($678) higher than the Illinois average of $1,694 and 32.0% ($575) higher than the U.S. average of $1,797.

Average Rent
$2,372
Monthly ChangeMonth Over Month Change
Increased1.2% ($27)
Yearly ChangeYear Over Year Change
Decreased13% ($356)
Avg. Days on MarketAverage Days on Market
30
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,058 Increased2.5% ($50) Decreased13.6% ($325)
2 Beds $2,486 Increased2.2% ($53) Decreased15.8% ($468)
3 Beds $2,962 Increased8.6% ($234) Decreased20.7% ($774)
Nearby Cities Average Rent Avg. Rent vs. Buffalo GroveAverage Rent vs. Buffalo Grove Avg. Days on MarketAverage Days on Market
Lincolnshire $2,767 Increased16.7% ($395) 28 days
Wheeling $2,056 Decreased13.3% ($316) 29 days
Deerfield $2,880 Increased21.4% ($508) 29 days
Prospect Heights $1,723 Decreased27.4% ($649) 29 days
Vernon Hills $2,651 Increased11.8% ($279) 26 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Buffalo Grove Rental Market FAQs

Explore rental prices, market trends, and availability in Buffalo Grove, IL.

The average rent in Buffalo Grove, IL is $2,372 per month.
Homes in Buffalo Grove typically rent for between $1,441 and $3,851 per month, with an average of $2,372 per month.
In Buffalo Grove, the average rent for a 1-bedroom home is $2,058 per month, for a 2-bedroom home, $2,486 per month, and a 3-bedroom home is $2,962 per month.
The average rent in Buffalo Grove is 32% ($575) higher than the national average of $1,797 per month.
The average rent in Buffalo Grove has increased by 1.2% ($27) in the last month and decreased by 13.0% ($356) over the past year.
The rental market in Buffalo Grove, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Buffalo Grove, IL, the average rental stays on the market for approximately 30 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 6 rental properties available in Buffalo Grove, IL.
Based on the current averages, a household would need an annual income of $99,440 to comfortably afford a 2-bedroom home in Buffalo Grove.
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