26 Apartments under 1400 for rent in Schaumburg, IL

Last updated January 16 at 9:58am UTC
106 Mullingar Court
Schaumburg
Schaumburg, IL
Updated January 8 at 6:01pm UTC
2 Bedrooms
$1,250
1102 MERCURY Drive
Schaumburg
Schaumburg, IL
Updated January 11 at 2:25am UTC
1 Bedroom
$1,085
72 Aster Drive
Schaumburg
Schaumburg, IL
Updated January 3 at 11:48am UTC
1 Bedroom
$1,370
1931 Prairie Square
Schaumburg
Schaumburg, IL
Updated January 16 at 9:58am UTC
2 Bedrooms
$1,395
913 Casey Court
Schaumburg
Schaumburg, IL
Updated January 3 at 11:44am UTC
2 Bedrooms
$1,350
714 TULLAMORE Court
Schaumburg
Schaumburg, IL
Updated January 3 at 11:44am UTC
2 Bedrooms
$1,295
Results within 1 miles of Schaumburg, IL
1812 JAMESTOWN Circle
Hoffman Estates
Hoffman Estates, IL
Updated January 3 at 11:42am UTC
2 Bedrooms
$1,250
1069 Atlantic Avenue
Hoffman Estates
Hoffman Estates, IL
Updated January 11 at 11:13am UTC
1 Bedroom
$1,200
2506 Algonquin Road
Rolling Meadows
Rolling Meadows, IL
Updated January 3 at 11:46am UTC
2 Bedrooms
$950
300 South Roselle Road
Schaumburg
Schaumburg, IL
Updated January 13 at 7:06pm UTC
1 Bedroom
$975
1505 Cornell Court Unit 2E
Hoffman Estates
Hoffman Estates, IL
Updated January 11 at 11:55am UTC
2 Bedrooms
$1,250
Churchill Rd
Roselle
Roselle, IL
Updated January 5 at 8:39am UTC
3 Bedrooms
$1,395
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January 2018 Schaumburg Rent Report

Welcome to the January 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

January 2018 Schaumburg Rent Report

Welcome to the January 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 held steady over the past month

Schaumburg rents have remained flat over the past month, however, they are up moderately by 2.0% year-over-year. Currently, median rents in Schaumburg stand at $1,350 for a one-bedroom apartment and $1,590 for a two-bedroom. Schaumburg's year-over-year rent growth leads the state average of 1.3%, but trails the national average of 2.8%.

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.

  • Naperville has the most expensive rents in the Chicago metro, with a two-bedroom median of $1,730; the city has also seen rent growth of 3.5% over the past year, the fastest in the metro.
  • Over the past month, Palatine has seen the biggest rent drop in the metro, with a decline of 0.7%. Median two-bedrooms there cost $1,320, while one-bedrooms go for $1,120.
  • Elgin has the least expensive rents in the Chicago metro, with a two-bedroom median of $1,180; rents rose 2.8% 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 moderately in Schaumburg, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. 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 $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 2.0% rise in Schaumburg.
  • While Schaumburg's rents rose moderately over the past year, the city of DC saw a decrease of 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 $1,060 $1,250 -0.2% 0.8%
Aurora $1,110 $1,300 -0.1% 2.9%
Joliet $1,030 $1,210 0.3% 2.8%
Naperville $1,470 $1,730 -0.0% 3.5%
Elgin $1,000 $1,180 0.3% 2.8%
Arlington Heights $1,230 $1,440 0.1% 0.5%
Evanston $1,270 $1,500 -0.7% 0.0%
Schaumburg $1,350 $1,590 0.0% 2.0%
Palatine $1,120 $1,320 -0.7% 2.6%
Des Plaines $1,030 $1,220 0.7% 3.1%
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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.