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Homes & Apartments for Rent in Schaumburg, IL

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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

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As of November 2026, Schaumburg's rental market is stable, with rentals spending about 28 days on the market, about the same as in Illinois (29), and rents down 1.7% over the past year. Schaumburg's average rent is 11.5% ($281) lower than the Illinois average of $2,439 and 6.0% ($122) higher than the U.S. average of $2,036.

Average Rent
$2,158
Monthly ChangeMonth Over Month Change
Increased0.99% ($21)
Yearly ChangeYear Over Year Change
Decreased1.7% ($38)
Days on Market
28
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,931 Increased1.08% ($21) Decreased0.2% ($4)
2 Beds $2,273 Increased0.62% ($14) Decreased3.9% ($92)
3 Beds $3,062 Increased0.34% ($10) Flat
Nearby Cities Average Rent Avg. Rent vs. SchaumburgAverage Rent vs. Schaumburg Days on Market
Rolling Meadows $2,271 Increased5.2% ($113) 30 days
Roselle $2,043 Decreased5.3% ($115) 29 days
Elk Grove Village $1,834 Decreased15.0% ($324) 29 days
Palatine $1,959 Decreased9.2% ($199) 28 days
Streamwood $2,447 Increased13.4% ($289) 29 days
Based on rentals advertised on RentalSource in and around Schaumburg.
Frequently Asked Questions
Schaumburg Rental Market FAQs

Explore rental prices, market conditions, and affordability in Schaumburg, IL.

The average rent in Schaumburg, IL is $2,158 per month.
In Schaumburg, the average rent is $1,931 per month for a 1-bedroom home, $2,273 for a 2-bedroom home and about $3,062 for a 3-bedroom home.
The average rent in Schaumburg is 6% ($122) higher than the national average of $2,036 per month.
The rental market in Schaumburg, IL is currently stable, with rentals spending about 28 days on the market, about the same as in Illinois (29), and rents down 1.7% over the past year.
Based on the current averages, a household would need an annual income of $90,900 to comfortably afford a 2-bedroom home in Schaumburg.
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