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230 Apartments for rent in Schaumburg, IL

Read Guide >
Last updated September 22 at 12:18am UTC
690 East Algonquin Road
Schaumburg
Schaumburg, IL
Updated September 21 at 9:37pm UTC
1 Bedroom
$1,849
670 East Algonquin Road
Schaumburg
Schaumburg, IL
Updated September 21 at 9:37pm UTC
1 Bedroom
$2,289
680 East Algonquin Road
Schaumburg
Schaumburg, IL
Updated September 21 at 12:09pm UTC
1 Bedroom
$1,749
700 East Algonquin Road
Schaumburg
Schaumburg, IL
Updated September 21 at 12:09pm UTC
1 Bedroom
$2,289
690 East Algonquin Road
Schaumburg
Schaumburg, IL
Updated September 21 at 12:09pm UTC
2 Bedrooms
$2,229
2335 SEDGFIELD Court
Schaumburg
Schaumburg, IL
Updated September 21 at 6:34am UTC
3 Bedrooms
$1,800
2874 MEADOW Lane
Towne Place
Schaumburg, IL
Updated September 21 at 6:33am UTC
2 Bedrooms
$1,545
372 Ferndale Court
Schaumburg
Schaumburg, IL
Updated September 20 at 4:49pm UTC
2 Bedrooms
$1,400
1126 Quanset Court
Schaumburg
Schaumburg, IL
Updated September 20 at 6:50am UTC
2 Bedrooms
$1,400
1509 Commodore Court
Schaumburg
Schaumburg, IL
Updated September 20 at 6:50am UTC
2 Bedrooms
$1,450
21 KRISTIN Drive
Schaumburg
Schaumburg, IL
Updated September 19 at 9:24am UTC
1 Bedroom
$1,225
2785 Odlum Dr
Red Rock
Schaumburg, IL
Updated September 18 at 1:08pm UTC
2 Bedrooms
$1,450
180 Crescent Lane
Towne Place
Schaumburg, IL
Updated September 18 at 12:55pm UTC
3 Bedrooms
$1,875
402 Sandalwood Lane
Schaumburg
Schaumburg, IL
Updated September 18 at 2:44am UTC
2 Bedrooms
$1,400
1104 Hampton Harbor
Schaumburg
Schaumburg, IL
Updated September 17 at 6:57am UTC
2 Bedrooms
$1,525
200 CHARLESTON Court
Schaumburg
Schaumburg, IL
Updated September 16 at 9:14am UTC
2 Bedrooms
$1,425
1516 Willow Road
Schaumburg
Schaumburg, IL
Updated September 18 at 6:12am UTC
4 Bedrooms
$2,600
1040 Belmont Court
Schaumburg
Schaumburg, IL
Updated September 17 at 6:56am UTC
3 Bedrooms
$1,850
City Guide
Schaumburg
Moving to Schaumburg

Like most of the Chicagoland area, it’s not going to be inexpensive if you want a good neighborhood. Schaumburg is no exception. It is more expensive than some other suburbs in the area because it’s in Cook County, which pays higher taxes and has higher gas costs than some of the more distant suburbs.

If you want to live in Schaumburg, make sure all your ducks are in a row first. Some suburbs of Chicago are friendlier to people with bad credit or a blemished job record, but you're expected to have a pretty solid background in Schaumburg. To get approved for an apartment, your income should be two to three times greater than the rent. Fortunately, the average income in Schaumburg is well above the national average, so it should be enough to cover the average rent here.

If you're a newbie in the area, you might want to try renting an apartment before renting a house. Even if you want to buy, you may have to rent temporarily while you search (and compete) for your dream home.

If you're looking for a house for rent in Schaumburg and you have special circumstances, like you need to bring Fluffy and Fido or you want to find an all bills paid apartment, you might need help. Let the professionals do the leg work! Apartment locators get paid to do this work, so don't waste your precious time and gas money driving around to check out different places when someone else can do it for you. If you do have these special circumstances, especially pets, you may have to pay a little more in monthly rent or security deposits, but it’s worth it!

Neighborhoods

This village has 17 well-defined neighborhoods, featuring a range of housing options. However, 3 bedroom apartments for rent in Schaumburg can prove hard to come by because there are not many of them. Don't wait until the week before your move to start looking for an apartment because you might face a waiting list. The more bedrooms you need, the longer you may have to wait. Of course, if you're having trouble finding just the right community within Schaumburg, you can also look in nearby towns like Palatine, Rolling Meadows, Hoffman Estates or Roselle. Here are a few neighborhoods to consider:

E Nerge Rd/S Roselle Rd: The rents here will make you shout with joy, but don't get too excited. The vacancy rate here is less than 4%.

S Roselle Rd/W Weathersfield Way: This neighborhood has a lot of owner-occupied homes and town homes. You can find some apartments to rent, but vacancy rates are pretty low. Start your search yonder if you're looking to rent quickly.

S Springinsguth Rd/W Wise Rd: In this part of town, the primary housing options are single-family homes and townhouses, though you can find some apartment rentals.

Life in Schaumburg

More than 7,000 people work at the Motorola headquarters in Schaumburg, and many of them choose to live right in Schaumburg to cut down on their commute times. Other major employers include the Cancer Treatment Centers of America, Woodfield Mall, Zurich Insurance Group and IBM.

Almost every big city has terrible traffic, but Chicago's traffic is pretty legendary--and not in a good way! Fortunately the whole area has fabulous public transportation, so at least you can choose to spend your commute time on a train--and able to read or just rest your eyes after a long day, instead of stuck in a car. Schaumburg has a stop on the METRA Milwaukee District/West Line, between Chicago's Union Station and Elgin. In the future, the Suburban Transit Access Route, or STAR Line, plans to have stops at the IKEA store and on Roselle Road.

Woodfield Mall is the biggest attraction in Schaumburg, and visitors come from the greater Chicagoland area and across the country. Woodfield Mall is located right next to I-290, so it's easy and convenient to get there. There are 285 stores and restaurants in the Woodfield Mall, many of which are upscale shops.

If you're tired of the mall or just want something else to do, you won’t have to go all the way into the city to find it. Schaumburg has other fun ways to spend your time, such as making a day of it at Medieval Times or the Legoland Discovery Center. See a live comedy show at Chicago Improv, browse art at the Chicago Athanaeum or take in a show at the PIX 5D Cinema. You can also spend the day enjoying nature at Spring Valley.

Enjoy some favorite Chicago meals, even in Schaumburg, at Portillo's Hot Dogs or Lou Malnati's Pizza. In addition, there are also some amazing local Schaumburg favorites you should check out, such as Wildberry Pancakes and Caf or the fresh fare at Seasons 52.

Of course, one of the best things about living in Schaumburg is how close you are to taking advantage of all that Chicago has to offer. Chicago has an amazing group of local sports teams with very devoted fans. (Go Blackhawks!) Hockey is big here, as is rooting for the Chicago Bears during football season. But the real rivalry here is baseball. Are you a Cubs fan or a White Sox fan? This is no small issue here in Chicagoland! You need to pick which team to root for, and be prepared to stand your ground in some fun--but heated--debates about it.

September 2018 Schaumburg Rent Report

Welcome to the September 2018 Schaumburg Rent Report. Schaumburg rents remained steady over the past month. In this report, we'll evaluate trends in the Schaumburg rental market, including comparisons to cities throughout the metro, state, and nation.

View full Schaumburg Rent Report
Rent Report
Schaumburg

September 2018 Schaumburg Rent Report

Welcome to the September 2018 Schaumburg Rent Report. Schaumburg rents remained steady over the past month. In this report, we'll evaluate trends in the Schaumburg rental market, including comparisons to cities throughout the metro, state, and nation.

Schaumburg rents increased over the past month

Schaumburg rents have remained flat over the past month, however, they are up slightly by 1.7% year-over-year. Currently, median rents in Schaumburg stand at $1,370 for a one-bedroom apartment and $1,610 for a two-bedroom. Schaumburg's year-over-year rent growth leads the state average of -0.5%, as well as the national average of 1.0%.

Rent trends vary across the Chicago Metro

While rents prices have increased in Schaumburg over the past year, trends across the rest of the metro have varied. Of the largest 10 cities that we have data for in the Chicago metro, some have seen decreases while other cities have rents increasing. Here's a look at how rents compare across some of the largest cities in the metro.

  • Elgin has the least expensive rents in the Chicago metro, with a two-bedroom median of $1,170; the city has also seen rents fall by 0.6% over the past month, the biggest drop in the metro.
  • Palatine has seen the fastest rent growth in the metro, with a year-over-year increase of 2.6%. The median two-bedroom there costs $1,340, while one-bedrooms go for $1,140.
  • Naperville has the most expensive rents of the largest cities in the Chicago metro, with a two-bedroom median of $1,750; rents fell 0.3% over the past year but remained flat month-over-month.

Many large cities nationwide show more affordable rents compared to Schaumburg

As rents have increased slightly in Schaumburg, large cities nationwide have seen rents grow more quickly. Compared to most large cities across the country, Schaumburg is less affordable for renters.

  • Schaumburg's median two-bedroom rent of $1,610 is above the national average of $1,180. Nationwide, rents have grown by 1.0% over the past year compared to the 1.7% rise in Schaumburg.
  • While Schaumburg's rents rose slightly over the past year, some cities nationwide saw decreases, including Baltimore (-2.1%) and St. Louis (-0.5%).
  • Renters will generally find more expensive prices in Schaumburg than most large cities. For example, Detroit has a median 2BR rent of $890, where Schaumburg is more than one-and-a-half times that price.

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 $1,080 $1,270 -0.0% -1.6%
Aurora $1,110 $1,300 -0.5% -0.0%
Joliet $1,020 $1,200 -0.3% -0.2%
Naperville $1,490 $1,750 -0.0% -0.3%
Elgin $990 $1,170 -0.6% -0.4%
Arlington Heights $1,240 $1,460 -0.3% -0.8%
Evanston $1,310 $1,540 -0.1% 0.8%
Schaumburg $1,370 $1,610 0.1% 1.7%
Palatine $1,140 $1,340 -0.6% 2.6%
Des Plaines $1,030 $1,220 0.0% 1.4%
See more

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.