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196 Apartments for rent in Schaumburg, IL

Read Guide >
Last updated July 21 at 7:19pm UTC
913 Dighton Lane
Schaumburg
Schaumburg, IL
Updated July 20 at 10:50am UTC
2 Bedrooms
$1,785
187 Pickwick dr. E
Schaumburg
Schaumburg, IL
Updated July 20 at 9:48am UTC
2 Bedrooms
$1,100
2323 Sedgfield Ct
Schaumburg
Schaumburg, IL
Updated July 20 at 9:48am UTC
3 Bedrooms
$1,950
837 Plumwood Drive
Schaumburg
Schaumburg, IL
Updated July 19 at 10:29pm UTC
4 Bedrooms
$4,500
6 Dennis Court
Schaumburg
Schaumburg, IL
Updated July 19 at 10:27pm UTC
2 Bedrooms
$1,250
1329 YARMOUTH Court
Schaumburg
Schaumburg, IL
Updated July 19 at 2:34pm UTC
2 Bedrooms
$1,325
337 Lucille Lane
Schaumburg
Schaumburg, IL
Updated July 19 at 2:45am UTC
3 Bedrooms
$2,100
1900 KEYSTONE Place
Schaumburg
Schaumburg, IL
Updated July 19 at 2:44am UTC
3 Bedrooms
$2,195
715 whitesail drive
Schaumburg
Schaumburg, IL
Updated July 17 at 9:28am UTC
2 Bedrooms
$1,450
340 Glen Leven Court
Red Rock
Schaumburg, IL
Updated July 17 at 6:43am UTC
2 Bedrooms
$1,750
399 Glen Byrn Court
Red Rock
Schaumburg, IL
Updated July 17 at 6:43am UTC
2 Bedrooms
$1,650
1322 Radcliffe Lane
Schaumburg
Schaumburg, IL
Updated July 16 at 10:53pm UTC
3 Bedrooms
$1,950
329 PEMBROKE Court
Schaumburg
Schaumburg, IL
Updated July 16 at 2:44am UTC
3 Bedrooms
$1,695
372 Glen Byrn Court
Red Rock
Schaumburg, IL
Updated July 14 at 10:40pm UTC
2 Bedrooms
$1,650
690 East Algonquin Road
Schaumburg
Schaumburg, IL
Updated July 21 at 6:26pm UTC
1 Bedroom
$1,849
2335 SEDGFIELD Court
Schaumburg
Schaumburg, IL
Updated July 21 at 2:59pm UTC
3 Bedrooms
$1,900
1407 Ellisville Lane
Schaumburg
Schaumburg, IL
Updated July 17 at 6:44am UTC
2 Bedrooms
$1,400
606 Eastview Ct
Schaumburg
Schaumburg, IL
Updated July 20 at 5:11pm UTC
2 Bedrooms
$1,395
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.

July 2018 Schaumburg Rent Report

Welcome to the July 2018 Schaumburg Rent Report. Schaumburg rents increased 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

July 2018 Schaumburg Rent Report

Welcome to the July 2018 Schaumburg Rent Report. Schaumburg rents increased 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 increase sharply over the past month

Schaumburg rents have increased 1.0% over the past month, and have increased slightly by 1.4% in comparison to the same time last year. Currently, median rents in Schaumburg stand at $1,370 for a one-bedroom apartment and $1,610 for a two-bedroom. This is the third straight month that the city has seen rent increases after a decline in March. Schaumburg's year-over-year rent growth leads the state average of -0.2%, but is in line with the national average of 1.4%.

Rents rising across the Chicago Metro

Throughout the past year, rent increases have been occurring not just in the city of Schaumburg, but across the entire metro. Of the largest 10 cities that we have data for in the Chicago metro, 6 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Palatine has seen the fastest rent growth in the metro, with a year-over-year increase of 2.8%. The median two-bedroom there costs $1,350, while one-bedrooms go for $1,150.
  • Over the past year, Chicago proper has seen the biggest rent drop in the metro, with a decline of 1.3%. Median two-bedrooms there cost $1,270, while one-bedrooms go for $1,080.
  • Naperville has the most expensive rents of the largest cities in the Chicago metro, with a two-bedroom median of $1,750; rents were up 0.7% over the past month but remained flat year-over-year.
  • Waukegan has the least expensive rents in the Chicago metro, with a two-bedroom median of $990; rents increased 0.1% over the past month but fell 0.3% over the past year.

Many large cities nationwide show more affordable rents compared to Schaumburg

As rents have increased slightly in Schaumburg, other 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 1.4% over the past year, which matches the increase in Schaumburg.
  • While Schaumburg's rents rose slightly over the past year, many cities nationwide saw decreases, including Baltimore (-0.6%), St. Louis (-0.4%), and DC (-0.1%).
  • 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 0.3% -1.3%
Aurora $1,120 $1,310 0.5% 2.0%
Joliet $1,020 $1,210 0.5% 1.5%
Naperville $1,480 $1,750 0.7% -0.0%
Elgin $1,010 $1,180 0.6% 1.1%
Waukegan $840 $990 0.1% -0.3%
Arlington Heights $1,250 $1,470 0.7% -0.7%
Evanston $1,300 $1,530 0.7% 1.0%
Schaumburg $1,370 $1,610 1.0% 1.4%
Palatine $1,150 $1,350 0.9% 2.8%
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.