Homes for Rent in 60173

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What to Know About

Life in Schaumburg & Beyond

Schaumburg 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

Schaumburg, IL

As of May 2025, Schaumburg's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Schaumburg's average rent is 24.0% ($409) higher than the Illinois average of $1,701 and 17.7% ($317) higher than the U.S. average of $1,793.

Average Rent
$2,110
Monthly ChangeMonth Over Month Change
Increased1% ($21)
Yearly ChangeYear Over Year Change
Increased18.8% ($334)
Avg. Days on MarketAverage Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,962 Decreased0.3% ($6) Increased35.9% ($518)
2 Beds $2,277 Increased2.2% ($48) Increased22.4% ($417)
3 Beds $3,010 Decreased4% ($126) Increased44% ($919)
Nearby Cities Average Rent Avg. Rent vs. SchaumburgAverage Rent vs. Schaumburg Avg. Days on MarketAverage Days on Market
Hoffman Estates $1,687 Decreased20% ($423) 25 days
Roselle $2,084 Decreased1.2% ($26) 27 days
Rolling Meadows $1,756 Decreased16.8% ($354) 25 days
Hanover Park $1,853 Decreased12.2% ($257) 28 days
Itasca $1,746 Decreased17.3% ($364) 29 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Schaumburg Rental Market FAQs

Explore rental prices, market trends, and availability in Schaumburg, IL.

The average rent in Schaumburg, IL is $2,110 per month.
Homes in Schaumburg typically rent for between $1,373 and $3,913 per month, with an average of $2,110 per month.
In Schaumburg, the average rent for a 1-bedroom home is $1,962 per month, for a 2-bedroom home, $2,277 per month, and a 3-bedroom home is $3,010 per month.
The average rent in Schaumburg is 17.7% ($317) higher than the national average of $1,793 per month.
The average rent in Schaumburg has increased by 1.0% ($21) in the last month and increased by 18.8% ($334) over the past year.
The rental market in Schaumburg, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Schaumburg, IL, the average rental stays on the market for approximately 29 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 73 rental properties available in Schaumburg, IL.
Based on the current averages, a household would need an annual income of $91,080 to comfortably afford a 2-bedroom home in Schaumburg.
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