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

As of August 2025, Schaumburg's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Schaumburg's average rent is 20.7% ($365) higher than the Illinois average of $1,766 and 19.1% ($341) higher than the U.S. average of $1,790.

Average Rent
$2,131
Monthly ChangeMonth Over Month Change
Increased3.1% ($64)
Yearly ChangeYear Over Year Change
Increased7.8% ($154)
Avg. Days on MarketAverage Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,947 Increased3.8% ($71) Increased7.4% ($134)
2 Beds $2,326 Increased2.3% ($52) Increased6.9% ($150)
3 Beds $2,688 Increased2.2% ($58) Decreased6% ($171)
Nearby Cities Average Rent Avg. Rent vs. SchaumburgAverage Rent vs. Schaumburg Avg. Days on MarketAverage Days on Market
Hoffman Estates $1,660 Decreased22.1% ($471) 25 days
Roselle $2,186 Increased2.6% ($55) 27 days
Rolling Meadows $1,804 Decreased15.3% ($327) 25 days
Hanover Park $1,738 Decreased18.4% ($393) 28 days
Itasca $1,773 Decreased16.8% ($358) 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 $2,131 per month.
Apartments in Schaumburg typically rent for between $1,363 and $3,494 per month, with an average of $2,131 per month.
In Schaumburg, the average rent for a 1-bedroom apartment is $1,947 per month, for a 2-bedroom apartment, $2,326 per month, and a 3-bedroom apartment is $2,688 per month.
The average rent in Schaumburg is 19.1% ($341) higher than the national average of $1,790 per month.
The average rent in Schaumburg has increased by 3.1% ($64) in the last month and increased by 7.8% ($154) 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 69 rental properties available in Schaumburg, IL.
Based on the current averages, a household would need an annual income of $93,040 to comfortably afford a 2-bedroom apartment in Schaumburg.
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