20 Apartments under 1000 for rent in Hoffman Estates, IL

Last updated May 25 at 11:47pm UTC
600 Mesa Drive
Steeple Hill Condominiums
Hoffman Estates, IL
Updated May 5 at 1:43pm UTC
1 Bedroom
$950
Results within 5 miles of Hoffman Estates, IL
1547 West Irving Park Road
Itasca
Itasca, IL
Updated May 25 at 11:38pm UTC
1 Bedroom
$985
1253 GETZELMAN Drive
Elgin
Elgin, IL
Updated May 25 at 11:34pm UTC
2 Bedrooms
$895
235 Springhill Drive
Roselle
Roselle, IL
Updated May 24 at 12:02pm UTC
1 Bedroom
$910
34 S Porter St 5
Gifford Park
Elgin, IL
Updated May 24 at 11:08am UTC
Studio
$650
10 S Geneva St
Gifford Park
Elgin, IL
Updated May 17 at 6:12pm UTC
1 Bedroom
$795
333 McCLURE Avenue
Grant Park
Elgin, IL
Updated May 16 at 11:40pm UTC
1 Bedroom
$995
1819 Silverstone Drive
Carpentersville
Carpentersville, IL
Updated May 3 at 10:04am UTC
1 Bedroom
$995
2290 Breezewood Terrace
Hanover Park
Hanover Park, IL
Updated April 20 at 5:21am UTC
1 Bedroom
$900
Results within 10 miles of Hoffman Estates, IL
443 Gregory Avenue
Glendale Heights
Glendale Heights, IL
Updated May 25 at 2:39pm UTC
1 Bedroom
$850
1559 Norway Ln
Palatine
Palatine, IL
Updated May 24 at 6:20pm UTC
1 Bedroom
$850
1755 Maple Ln
North Country Knolls
Elgin, IL
Updated May 24 at 5:48pm UTC
2 Bedrooms
$900
1900 Mark Ave
Eagle Heights
Elgin, IL
Updated May 24 at 1:37am UTC
2 Bedrooms
$900
1477 North Winslowe Drive
Palatine
Palatine, IL
Updated May 22 at 3:46am UTC
1 Bedroom
$950
6010 Sanders Ct
Carpentersville
Carpentersville, IL
Updated April 14 at 10:07am UTC
5 Bedrooms
$740
233 South Highland Avenue
Arlington Heights
Arlington Heights, IL
Updated May 17 at 4:32am UTC
1 Bedroom
$985
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May 2018 Hoffman Estates Rent Report

Welcome to the May 2018 Hoffman Estates Rent Report. Hoffman Estates rents declined over the past month. In this report, we'll evaluate trends in the Hoffman Estates rental market, including comparisons to cities throughout the metro, state, and nation.

View full Hoffman Estates Rent Report
Rent Report
Hoffman Estates

May 2018 Hoffman Estates Rent Report

Welcome to the May 2018 Hoffman Estates Rent Report. Hoffman Estates rents declined over the past month. In this report, we'll evaluate trends in the Hoffman Estates rental market, including comparisons to cities throughout the metro, state, and nation.

Hoffman Estates rents declined slightly over the past month

Hoffman Estates rents have declined 0.3% over the past month, but have been relatively flat in comparison to the same time last year. Currently, median rents in Hoffman Estates stand at $1,100 for a one-bedroom apartment and $1,300 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in February. Hoffman Estates' year-over-year rent growth lags the state average of 0.2%, as well as the national average of 1.5%.

Rents rising across the Chicago Metro

While rents have remained steady in the city of Hoffman Estates throughout the past year, cities across the metro have seen a different trend. Rents have risen in 8 of of the largest 10 cities in the Chicago metro for which we have data. Here's a look at how rents compare across some of the largest cities in the metro.

  • Aurora has seen the fastest rent growth in the metro, with a year-over-year increase of 3.1%. The median two-bedroom there costs $1,300, while one-bedrooms go for $1,110.
  • Over the past year, Arlington Heights has seen the biggest rent drop in the metro, with a decline of 1.9%. Median two-bedrooms there cost $1,450, while one-bedrooms go for $1,230.
  • Elgin has the least expensive rents in the Chicago metro, with a two-bedroom median of $1,170; rents increased 0.5% over the past year but remained flat month-over-month.
  • Naperville has the most expensive rents of the largest cities in the Chicago metro, with a two-bedroom median of $1,720; rents remained steady over the past month.

Hoffman Estates rents more affordable than many large cities nationwide

Rent growth in Hoffman Estates has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Hoffman Estates is still more affordable than most large cities across the country.

  • Hoffman Estates' median two-bedroom rent of $1,300 is above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the stagnant growth in Hoffman Estates.
  • While rents in Hoffman Estates remained moderately stable this year, similar cities saw increases, including Houston (+3.1%), Denver (+1.6%), and Columbus (+1.5%); note that median 2BR rents in these cities go for $1,020, $1,320, and $950 respectively.
  • Renters will find more reasonable prices in Hoffman Estates than most large cities. For example, San Francisco has a median 2BR rent of $3,060, which is more than twice the price in Hoffman Estates.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Chicago $1,070 $1,260 0.2% -0.6%
Aurora $1,110 $1,300 0.0% 3.1%
Joliet $1,020 $1,200 0.1% 1.3%
Naperville $1,460 $1,720 -0.0% 0.4%
Elgin $1,000 $1,170 0.1% 0.5%
Arlington Heights $1,230 $1,450 0.7% -1.9%
Evanston $1,280 $1,510 0.5% 1.3%
Schaumburg $1,340 $1,580 0.1% 1.2%
Palatine $1,130 $1,330 0.3% 2.0%
Des Plaines $1,040 $1,220 -0.3% 1.6%
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Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.