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27 Apartments under 1000 for rent in Schaumburg, IL

Last updated December 10 at 4:12am UTC
111 PICKWICK Place North
Schaumburg
Schaumburg, IL
Updated December 10 at 1:43am 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 1:44am UTC
1 Bedroom
$950
1840 Huntington Boulevard
12 Oaks
Hoffman Estates, IL
Updated December 10 at 1:39am 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 1:36am UTC
1 Bedroom
$925
2 Bedrooms
$1,170
Barrington Lakes Apartments
2200 Hassell Rd
Hoffman Estates, IL
Updated December 10 at 4:12am UTC
Studio
$945
1 Bedroom
$1,300
2 Bedrooms
$1,405
5550 N. Astor Ln.
Rolling Meadows
Rolling Meadows, IL
Updated December 10 at 3:38am UTC
1 Bedroom
$995
520 Biesterfield
Elk Grove Village
Elk Grove Village, IL
Updated December 10 at 3:38am UTC
1 Bedroom
$975
1469 West Irving Park Road
South Itasca
Itasca, IL
Updated December 10 at 1:43am UTC
1 Bedroom
$999
240 Springhill Drive
Roselle
Roselle, IL
Updated December 10 at 1:41am UTC
1 Bedroom
$950
240 Spring Hill Drive
Roselle
Roselle, IL
Updated December 10 at 1:41am UTC
1 Bedroom
$880
1214 LONG VALLEY DR - 1B
Cook County
Cook County, IL
Updated December 8 at 2:08am UTC
1 Bedroom
$925
Elmhurst Terrace
100 Fellows Ct
Elmhurst, IL
Updated December 10 at 4:12am UTC
Studio
$850
1 Bedroom
$895
2 Bedrooms
$1,250
Results within 10 miles of Schaumburg, IL
563 Fairway View Dr Apt 3G
Wheeling
Wheeling, IL
Updated December 10 at 3:38am UTC
1 Bedroom
$950
324 Wilson Ave.
West Chicago
West Chicago, IL
Updated December 10 at 3:38am UTC
1 Bedroom
$900
870 E Old Willow Rd Apt 262
Prospect Heights
Prospect Heights, IL
Updated December 9 at 10:21am UTC
1 Bedroom
$900
717 Irving Ave
Wheaton
Wheaton, IL
Updated December 9 at 9:43am UTC
2 Bedrooms
$855
102 South Liberty Street
Elgin
Elgin, IL
Updated December 10 at 1:43am UTC
1 Bedroom
$695
271 South State Street
Near West Elgin
Elgin, IL
Updated December 10 at 1:42am UTC
2 Bedrooms
$990
235 SPRINGHILL DR
Roselle
Roselle, IL
Updated December 5 at 10:26am UTC
1 Bedroom
$900

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.