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72 1 Bedroom Apartments for rent in Schaumburg, IL

Last updated December 10 at 9:31am UTC
111 PICKWICK Place North
Schaumburg
Schaumburg, IL
Updated December 10 at 9:31am UTC
1 Bedroom
$975
Results within 1 miles of Schaumburg, IL
1930 Kenilworth Circle
Huntington Club Townhomes and Condiminiums North
Hoffman Estates, IL
Updated December 10 at 9:31am UTC
1 Bedroom
$950
1840 Huntington Boulevard
12 Oaks
Hoffman Estates, IL
Updated December 10 at 9:28am UTC
1 Bedroom
$995
Results within 5 miles of Schaumburg, IL
The Residences at 1450
1450 S Busse Rd
Mount Prospect, IL
Updated December 10 at 6:52am UTC
1 Bedroom
$925
Barrington Lakes Apartments
2200 Hassell Rd
Hoffman Estates, IL
Updated December 10 at 4:12am UTC
1 Bedroom
$1,300

December 2018 Schaumburg Rent Report

Welcome to the December 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

December 2018 Schaumburg Rent Report

Welcome to the December 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 increased significantly over the past month

Schaumburg rents have increased 0.4% over the past month, and are up moderately by 2.0% in comparison to the same time last year. Currently, median rents in Schaumburg stand at $1,380 for a one-bedroom apartment and $1,620 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in September. Schaumburg's year-over-year rent growth leads the state average of 0.7%, as well as the national average of 1.3%.

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, all 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 2.3%. The median two-bedroom there costs $1,360, while one-bedrooms go for $1,160.
  • Naperville has the most expensive rents of the largest cities in the Chicago metro, with a two-bedroom median of $1,760; rents increased 0.4% over the past month and 1.7% over the past year.
  • Elgin has the least expensive rents in the Chicago metro, with a two-bedroom median of $1,180; rents were up 0.6% over the past month but remained flat year-over-year.

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 $1,620 is above the national average of $1,180. Nationwide, rents have grown by 1.3% over the past year compared to the 2.0% rise in Schaumburg.
  • While Schaumburg's rents rose slightly over the past year, some cities nationwide saw decreases, including Baltimore (-1.2%) and St. Louis (-0.3%).
  • 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% 1.1%
Aurora $1,110 $1,310 0.8% 0.4%
Joliet $1,030 $1,210 0.6% 0.2%
Naperville $1,500 $1,760 0.4% 1.7%
Elgin $1,000 $1,180 0.6% 0.2%
Arlington Heights $1,240 $1,460 0.2% 1.1%
Evanston $1,300 $1,530 0.2% 1.6%
Schaumburg $1,380 $1,620 0.4% 2.0%
Palatine $1,160 $1,360 0.8% 2.3%
Des Plaines $1,040 $1,220 0.3% 1.1%
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.