134 Houses for rent in Schaumburg, IL

Last updated July 17 at 2:46am UTC
690 East Algonquin Road
Schaumburg
Schaumburg, IL
Updated July 17 at 2:46am UTC
1 Bedroom
$1,849
1322 Radcliffe Lane
Schaumburg
Schaumburg, IL
Updated July 16 at 10:53pm UTC
3 Bedrooms
$1,950
236 Continental Lane
Schaumburg
Schaumburg, IL
Updated July 16 at 10:24am UTC
4 Bedrooms
$1,995
329 PEMBROKE Court
Schaumburg
Schaumburg, IL
Updated July 16 at 2:44am UTC
3 Bedrooms
$1,695
690 East Algonquin Road
Schaumburg
Schaumburg, IL
Updated July 14 at 10:41pm UTC
2 Bedrooms
$2,279
372 Glen Byrn Court
Red Rock
Schaumburg, IL
Updated July 14 at 10:40pm UTC
2 Bedrooms
$1,650
300 South Roselle Road
Schaumburg
Schaumburg, IL
Updated July 13 at 3:05am UTC
1 Bedroom
$950
296 HUNTERDON Court
Red Rock
Schaumburg, IL
Updated July 13 at 3:03am UTC
2 Bedrooms
$1,500
210 Rob Roy Ct
Schaumburg
Schaumburg, IL
Updated July 12 at 9:33am UTC
3 Bedrooms
$1,895
200 CHARLESTON Court
Schaumburg
Schaumburg, IL
Updated July 12 at 6:55am UTC
2 Bedrooms
$1,425
1032 South Springinsguth Road
Schaumburg
Schaumburg, IL
Updated July 11 at 11:20pm UTC
3 Bedrooms
$1,650
180 Crescent Lane
Towne Place
Schaumburg, IL
Updated July 11 at 11:19pm UTC
3 Bedrooms
$1,875
117 Holmes Way
Towne Place
Schaumburg, IL
Updated July 11 at 7:02am UTC
3 Bedrooms
$2,400
314 WILDBERRY Court
Schaumburg
Schaumburg, IL
Updated July 11 at 7:01am UTC
3 Bedrooms
$1,690
2704 ODLUM Drive
Red Rock
Schaumburg, IL
Updated July 10 at 11:00pm UTC
2 Bedrooms
$1,600
1122 REGENCY Drive
Schaumburg
Schaumburg, IL
Updated July 10 at 11:16am UTC
2 Bedrooms
$1,650
1533 Burberry Lane
Schaumburg
Schaumburg, IL
Updated July 10 at 3:17am UTC
6 Bedrooms
$4,000
323 Woodbury Court
Schaumburg
Schaumburg, IL
Updated July 6 at 10:34am UTC
2 Bedrooms
$1,350
1460 Fairlane Drive
Schaumburg
Schaumburg, IL
Updated July 6 at 10:33am UTC
1 Bedroom
$1,149
21 Kristin Drive
Schaumburg
Schaumburg, IL
Updated July 4 at 2:23am UTC
1 Bedroom
$1,200
700 East Algonquin Road
Schaumburg
Schaumburg, IL
Updated July 3 at 1:46pm UTC
1 Bedroom
$1,649
228 North WATERFORD Drive
Schaumburg
Schaumburg, IL
Updated July 2 at 1:59am UTC
2 Bedrooms
$1,550
1900 KEYSTONE Place
Schaumburg
Schaumburg, IL
Updated June 30 at 7:27am UTC
3 Bedrooms
$2,295
2335 SEDGFIELD Court
Schaumburg
Schaumburg, IL
Updated June 30 at 7:28am UTC
3 Bedrooms
$1,900

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.