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7 Studio Apartments for rent in Schaumburg, IL

Featured
Hancock Square at Arlington Station
180 N Arlington Heights Rd
Arlington Heights, IL
Updated February 20 at 06:04am
Studio
$1,451
1 Bedroom
$1,444
2 Bedrooms
$2,145
On major public transportation line, near parks, restaurants and Metropolis Performing Arts Center. Studio, one-bedroom and two-bedroom apartments in recently renovated building. Units have in-suite laundry facilities, granite counters and walk-in closets. Pets welcome.
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Featured
One Arlington
3400 W Stonegate Blvd
Arlington Heights, IL
Updated February 20 at 12:26pm
Studio
$1,624
1 Bedroom
$1,749
2 Bedrooms
$2,419
This community offers residents a pet-friendly environment with an on-site pool, clubhouse and 24-hour gym. Units feature walk-in closets and hardwood flooring. Convenient to the Twin Lakes Recreation Area.
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Featured
Barrington Lakes Apartments
2200 Hassell Rd
Hoffman Estates, IL
Updated February 20 at 04:20am
Studio
$1,010
1 Bedroom
$1,265
2 Bedrooms
$1,445
Featured
Dunton Tower
55 South Vail Avenue
Arlington Heights, IL
Updated February 20 at 04:20am
Studio
$1,381
1 Bedroom
$1,445
2 Bedrooms
$1,720
Perfect location close to restaurants, shops and the Metra Train to downtown Chicago. Community has media room, pool, sauna and coffee bar. Recently renovated apartments with granite counters and hardwood floors.
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2875 Greenspoint Pkwy
2875 Greenspoint Parkway
Hoffman Estates, IL
Updated February 20 at 09:42am
Studio
$1,865
Featured
Buckingham Place
750 E. Northwest Highway
Des Plaines, IL
Updated February 20 at 04:21am
Studio
$1,512
1 Bedroom
$1,651
2 Bedrooms
$1,926
Featured
Springs at Canterfield
1900 Canterfield Pkwy W
West Dundee, IL
Updated February 20 at 05:21am
Studio
$1,521
1 Bedroom
$1,367
2 Bedrooms
$1,538

February 2019 Schaumburg Rent Report

Welcome to the February 2019 Schaumburg Rent Report. Schaumburg rents declined 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 Rent Report

February 2019 Schaumburg Rent Report

Welcome to the February 2019 Schaumburg Rent Report. Schaumburg rents declined 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 declined significantly over the past month

Schaumburg rents have declined 0.4% over the past month, but are up significantly by 4.4% in comparison to the same time last year. Currently, median rents in Schaumburg stand at $1,410 for a one-bedroom apartment and $1,660 for a two-bedroom. Schaumburg's year-over-year rent growth leads the state average of -0.1%, as well as the national average of 1.0%.

    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.

    • Joliet has the least expensive rents in the Chicago metro, with a two-bedroom median of $1,120; the city has also seen rents fall by 7.7% over the past year, the biggest drop in the metro.
    • Schaumburg has seen the fastest rent growth in the metro, with a year-over-year increase of 4.4%. The median two-bedroom there costs $1,660, while one-bedrooms go for $1,410.
    • Naperville has the most expensive rents of the largest cities in the Chicago metro, with a two-bedroom median of $1,760; rents fell 0.5% over the past month but rose 1.2% over the past year.

    Many large cities nationwide show more affordable rents compared to Schaumburg

    As rents have increased significantly 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.

    • Rents increased in other cities across the state, with Illinois as a whole logging rent growth of -0.1% over the past year. For example, rents have grown by 0.4% in Peoria.
    • Schaumburg's median two-bedroom rent of $1,660 is above the national average of $1,170. Nationwide, rents have grown by 1.0% over the past year compared to the 4.4% rise in Schaumburg.
    • While Schaumburg's rents rose significantly over the past year, the city of Baltimore saw a decrease of 0.7%.
    • Renters will generally find more expensive prices in Schaumburg than most large cities. For example, Peoria has a median 2BR rent of $800, where Schaumburg is more than twice 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
    -0.2%
    0.9%
    Aurora
    $1,120
    $1,320
    0.1%
    1.4%
    Joliet
    $950
    $1,120
    -0.2%
    -7.7%
    Naperville
    $1,490
    $1,760
    -0.5%
    1.2%
    Elgin
    $990
    $1,160
    -0.2%
    -1.9%
    Arlington Heights
    $1,250
    $1,470
    -0.5%
    2%
    Evanston
    $1,300
    $1,520
    -0.5%
    2.1%
    Schaumburg
    $1,410
    $1,660
    -0.4%
    4.4%
    Palatine
    $1,160
    $1,370
    -0.3%
    3.7%
    Des Plaines
    $980
    $1,150
    0
    -6%
    Wheaton
    $1,220
    $1,430
    0.4%
    0.2%
    Hoffman Estates
    $1,110
    $1,300
    1.2%
    0.2%
    Oak Park
    $830
    $980
    0.9%
    -10.1%
    Lombard
    $1,370
    $1,610
    -0.7%
    7.5%
    Crystal Lake
    $1,220
    $1,430
    -0.3%
    -2.1%
    Carol Stream
    $1,140
    $1,340
    -0.3%
    2.7%
    Wheeling
    $1,140
    $1,340
    0.5%
    -2%
    Calumet City
    $870
    $1,020
    0
    -2.8%
    Glendale Heights
    $1,130
    $1,330
    0.6%
    -1.9%
    St. Charles
    $1,250
    $1,470
    -1.1%
    -9.2%
    Woodridge
    $1,200
    $1,410
    0.1%
    1.7%
    Woodstock
    $970
    $1,140
    -0.3%
    -1.4%
    Westmont
    $1,250
    $1,470
    -0.8%
    3.5%
    Lisle
    $1,200
    $1,420
    -0.8%
    1.8%
    Park Forest
    $980
    $1,150
    0
    0.2%
    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.