47 Apartments under 1200 for rent in Schaumburg, IL

Last updated June 24 at 6:30pm UTC
220 South Roselle Road
Schaumburg
Schaumburg, IL
Updated June 14 at 12:28am UTC
1 Bedroom
$1,050
Results within 1 miles of Schaumburg, IL
139 N Park Blvd
Woodland Heights
Streamwood, IL
Updated June 24 at 5:19pm UTC
2 Bedrooms
$1,125
1375 Rebecca Drive
Moon Lake Village
Hoffman Estates, IL
Updated June 9 at 5:42am UTC
1 Bedroom
$1,000
Results within 5 miles of Schaumburg, IL
2290 Century Point Lane
Glendale Heights
Glendale Heights, IL
Updated June 24 at 10:52am UTC
2 Bedrooms
$1,050
233 South HIGHLAND Avenue
Arlington Heights
Arlington Heights, IL
Updated June 22 at 11:23pm UTC
1 Bedroom
$995
1081 Rodenburg Road
Roselle
Roselle, IL
Updated June 21 at 10:44am UTC
1 Bedroom
$1,100
196 Dunteman Drive
Glendale Heights
Glendale Heights, IL
Updated June 15 at 9:59pm UTC
2 Bedrooms
$1,100
1547 West Irving Park Road
Itasca
Itasca, IL
Updated June 15 at 9:58pm UTC
1 Bedroom
$985
1225 Woodbury Ln
Palatine
Palatine, IL
Updated June 14 at 9:42am UTC
2 Bedrooms
$1,100
423 East Osage Lane
Palatine
Palatine, IL
Updated June 9 at 2:55am UTC
1 Bedroom
$835
Rodenburg Road
Roselle
Roselle, IL
Updated June 23 at 7:17am UTC
1 Bedroom
$1,050

June 2018 Schaumburg Rent Report

Welcome to the June 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

June 2018 Schaumburg Rent Report

Welcome to the June 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 0.7% over the past month, and have increased marginally by 0.9% in comparison to the same time last year. Currently, median rents in Schaumburg stand at $1,350 for a one-bedroom apartment and $1,590 for a two-bedroom. This is the second 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 0.0%, but trails the national average of 1.5%.

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, 7 of them have seen prices rise. 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 2.6%. The median two-bedroom there costs $1,310, 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 1.2%. Median two-bedrooms there cost $1,460, while one-bedrooms go for $1,240.
  • Naperville has the most expensive rents of the largest cities in the Chicago metro, with a two-bedroom median of $1,730; 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 $980; rents grew 0.1% over the past month but fell 0.5% over the past year.

Many large cities nationwide show more affordable rents compared to Schaumburg

As rents have increased marginally 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 $1,590 is above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 0.9% increase in Schaumburg.
  • While Schaumburg's rents rose marginally over the past year, some cities nationwide saw decreases, including Baltimore (-0.8%) 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 0.4% -0.8%
Aurora $1,110 $1,310 0.2% 2.6%
Joliet $1,020 $1,200 -0.1% 1.1%
Naperville $1,470 $1,730 0.7% 0.3%
Elgin $1,000 $1,180 0.3% 0.6%
Waukegan $840 $980 0.1% -0.5%
Arlington Heights $1,240 $1,460 0.7% -1.2%
Evanston $1,290 $1,520 0.9% 1.4%
Schaumburg $1,350 $1,590 0.7% 0.9%
Palatine $1,140 $1,340 0.9% 2.3%
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.