Average Rent in 60173, Schaumburg, IL

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Current Versus Historical 60173, Schaumburg, IL Rents

60173 rentals average $1,995 for a 1-bedroom rental to $3,623 for a 3-bedroom rental. The median price of all currently available listings is $2,105, or roughly $3 per square feet.
For the apartment units and housing in April 2024, median rents have risen over the last year. Studio rentals prices have increased by $1 (4.35%) year-over-year from $15 to $16. 1-bedroom rentals prices have increased by $154 (8.37%) year-over-year from $1,841 to $1,995. 2-bedroom rentals prices have increased by $343 (15.24%) year-over-year from $2,252 to $2,595. 3-bedroom rentals prices have increased by $806 (28.61%) year-over-year from $2,817 to $3,623. 4-bedroom rentals prices have increased by $160 (4.40%) year-over-year from $3,635 to $3,795. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 3.23% this month. 1-bedroom rents have gone up by 1.44% this month. 2-bedroom rents have gone up by 1.88% this month. 3-bedroom rents have gone up by 12.41% this month. 4-bedroom rents have gone down by 0.00% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $2.78 $1,995 $1,841 (8.37%) $2,037 (-2.04%)
2 BR $2.54 $2,595 $2,252 (15.24%) $2,009 (29.16%)
3 BR $1.96 $3,623 $2,817 (28.61%) $4,219 (-14.13%)

Historical Rents in 60173, Schaumburg, IL

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 60173

There are a total of 1 cities nearby 60173. The average rent in 60173 is currently $2,115 per month. Our records show that Schaumburg, IL, with an average rent of $2,115, is the most affordable city nearby. In contrast, the most expensive city near 60173, Schaumburg, IL is Schaumburg, IL. Monthly rents here are on average $2,115 per month.

Let's compare 60173, Schaumburg, IL's rent against other top cities nearby by bedroom size. One bedrooms are equivalent to other nearby cities' one bedroom rents. Two bedrooms in 60173, Schaumburg, IL are about 9.36% more expensive. Finally, rent for three bedrooms are about 21.33% more expensive. Want more information? Check out the top 1 cities near 60173, Schaumburg, IL in the following chart.
City Studio 1 Bed 2 Bed All
Schaumburg, IL N/A $1,995 $2,325 $2,115

Top Neighborhoods Near 60173



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near 60173

The average rent for rentals in these counties is $2,103. That's roughly around $2 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Schaumburg, IL. It's average rent per month is $2,103. Vice versa, with an average rent of $2,103, Schaumburg, IL is the most expensive county by 60173, Schaumburg, IL.

In comparison, rent for one bedroom listings in 60173, Schaumburg, IL is on par with the other counties nearby. Finally, rent for two bedrooms in 60173, Schaumburg, IL is 8.38% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Schaumburg, IL N/A $1,995 $2,350 $2,103

Top Zipcodes Near 60173



You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All

Frequently Asked Questions - 60173 Average Rents

What is the average rent price in 60173, Schaumburg, IL?
The average monthly rental price for 60173, Schaumburg, IL apartments for rent is approximately $2,105. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 60173, Schaumburg, IL rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 60173, Schaumburg, IL.
How much is a studio apartment in 60173, Schaumburg, IL?
The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in 60173.
How much is a one bedroom apartment in 60173, Schaumburg, IL?
The average monthly rental price for one bedroom apartments is $1,995 and an average price per square feet of $2.78. There are a total of 28 one bedroom apartment listings currently available for rent in 60173.
How much is a two bedroom apartment in 60173, Schaumburg, IL?
The average monthly rental price for two bedroom apartments is $2,565 and an average price per square feet of $2.54. There are a total of 21 two bedroom apartment listings currently available for rent in 60173.
How have rent prices in 60173, Schaumburg, IL changed this year?
Rent prices for rentals in 60173, Schaumburg, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.04%, one bedroom rental prices have changed by 0.08%, two bedroom rental prices have changed by 0.15%, and three bedroom rental prices have changed by 0.29% year-over-year.
What is a reasonable rent price in 60173, Schaumburg, IL?
A reasonable rent price in 60173, Schaumburg, IL is around $1,684/month. You can search for these reasonably priced rental listings on RentHop.
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