124 Luxury Apartments for rent in Schaumburg, IL

Last updated August 17 at 2:47am UTC
722 South BRAINTREE Drive
Schaumburg
Schaumburg, IL
Updated August 17 at 2:47am UTC
3 Bedrooms
$1,800
700 East Algonquin Road
Schaumburg
Schaumburg, IL
Updated August 17 at 2:46am UTC
1 Bedroom
$1,829
690 East Algonquin Road
Schaumburg
Schaumburg, IL
Updated August 17 at 2:46am UTC
1 Bedroom
$1,729
1122 REGENCY Drive
Schaumburg
Schaumburg, IL
Updated August 16 at 10:25pm UTC
2 Bedrooms
$1,600
195 CAMDEN Court
Schaumburg
Schaumburg, IL
Updated August 13 at 10:46pm UTC
3 Bedrooms
$1,600
337 Lucille Lane
Schaumburg
Schaumburg, IL
Updated August 13 at 10:46pm UTC
3 Bedrooms
$2,000
720 Kemah Lane
Schaumburg
Schaumburg, IL
Updated August 13 at 2:30pm UTC
3 Bedrooms
$1,950
690 East Algonquin Road
Schaumburg
Schaumburg, IL
Updated August 10 at 7:07am UTC
2 Bedrooms
$2,279
700 East Algonquin Road
Schaumburg
Schaumburg, IL
Updated August 10 at 7:07am UTC
2 Bedrooms
$2,249
252 Camel Bend Court
Red Rock
Schaumburg, IL
Updated August 9 at 2:53pm UTC
2 Bedrooms
$1,600
2822 Meadow Lane
Towne Place
Schaumburg, IL
Updated August 8 at 10:58pm UTC
2 Bedrooms
$1,600
117 Holmes Way
Towne Place
Schaumburg, IL
Updated August 7 at 10:12pm UTC
3 Bedrooms
$2,300
198 Camden Court
Schaumburg
Schaumburg, IL
Updated August 6 at 10:04pm UTC
2 Bedrooms
$1,600
1367 SCARBORO Road
Schaumburg
Schaumburg, IL
Updated August 3 at 10:15pm UTC
3 Bedrooms
$2,600
106 Stirling Lane
Schaumburg
Schaumburg, IL
Updated August 3 at 6:25am UTC
3 Bedrooms
$1,700
212 Sumac Lane
Schaumburg
Schaumburg, IL
Updated August 2 at 10:12pm UTC
3 Bedrooms
$1,900
1956 LILAC Court
Schaumburg
Schaumburg, IL
Updated August 2 at 6:54am UTC
2 Bedrooms
$1,595
680 East Algonquin Road
Schaumburg
Schaumburg, IL
Updated August 2 at 2:08pm UTC
1 Bedroom
$1,829

August 2018 Schaumburg Rent Report

Welcome to the August 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

August 2018 Schaumburg Rent Report

Welcome to the August 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 moderately over the past month

Schaumburg rents have increased 0.3% 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 fourth 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 -0.4%, as well as the national average of 1.2%.

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.

  • 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 1.8%. Median two-bedrooms there cost $1,270, while one-bedrooms go for $1,080.
  • Waukegan has the least expensive rents in the Chicago metro, with a two-bedroom median of $990; rents rose 0.4% over the past month but remained flat year-over-year.
  • 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 0.2% over the past month but fell 0.1% over the past 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 $1,610 is above the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year compared to the 1.4% increase in Schaumburg.
  • While Schaumburg's rents rose slightly over the past year, some cities nationwide saw decreases, including Baltimore (-1.6%) and St. Louis (-0.5%).
  • 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 0.1% -1.8%
Aurora $1,110 $1,310 -0.2% 0.8%
Joliet $1,020 $1,200 -0.4% 0.5%
Naperville $1,490 $1,750 0.2% -0.1%
Elgin $1,000 $1,180 -0.4% 0.4%
Waukegan $840 $990 0.4% 0.2%
Arlington Heights $1,240 $1,460 -0.2% -0.2%
Evanston $1,310 $1,540 0.7% 1.1%
Schaumburg $1,370 $1,610 0.3% 1.4%
Palatine $1,150 $1,350 -0.2% 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.