Average Rent in Buffalo Grove, IL

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Current Versus Historical Buffalo Grove, IL Rents

Buffalo Grove rentals average $3,995 for a 3-bedroom. The median price of all currently available listings is $3,995, or roughly $30 per square feet.

For the apartment units and housing in July 2026, median rents have been roughly unchanged over the last year. 1-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $2,200 to $2,200. 3-bedroom rentals prices have increased by $1,212 (43.53%) year-over-year from $2,783 to $3,995. 4-bedroom rentals prices have increased by $250 (6.85%) year-over-year from $3,650 to $3,900. 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. 1-bedroom rents have gone down by 0.00% this month. 3-bedroom rents have gone up by 15.41% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
3 BR	$29.70	$3,995	$2,783 (43.53%)	$2,450 (63.06%)

Historical Rents in Buffalo Grove, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Buffalo Grove

There are a total of 3 cities nearby Buffalo Grove. The average rent in Buffalo Grove is currently $2,785 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Schaumburg, IL, with an average rent of $2,300, is the most affordable city nearby. In contrast, the most expensive city near Buffalo Grove, IL is Buffalo Grove, IL. Monthly rents here are on average $3,007 per month.

Let's compare Buffalo Grove, IL's rent against other top cities nearby by bedroom size. Rent for three bedrooms are about 18.65% more expensive than other cities nearby. Want more information? Check out the top 3 cities near Buffalo Grove, IL in the following table.

City	Studio	1 Bed	2 Bed	All
Schaumburg, IL	N/A	$2,092	$2,256	$2,300
Vernon Hills, IL	N/A	$1,900	$2,300	$2,785
Buffalo Grove, IL	N/A	$1,875	$2,725	$3,007

Top Neighborhoods Near Buffalo Grove

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Buffalo Grove

There are a total of 7 counties located by Buffalo Grove, IL. Some of these counties include Schaumburg, IL, Palatine, IL, and Maine, IL. The average rent for rentals in these counties is $2,550. That's roughly around $24 per sqft. A total of 7 counties have a lower average rent. The county that is the most affordable is Schaumburg, IL. Its average rent per month is $2,300. Vice versa, with an average rent of $3,295, Northfield, IL is the most expensive county by Buffalo Grove, IL.

We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Schaumburg, IL	N/A	$1,600	$2,200	$2,300
Palatine, IL	N/A	$2,054	$2,218	$2,347
Maine, IL	$1,200	$1,600	$1,950	$2,350
Wheeling, IL	$1,300	$1,593	$2,200	$2,550
Libertyville, IL	N/A	$2,065	$2,250	$2,600
Vernon, IL	N/A	$1,650	$2,400	$3,057
Northfield, IL	N/A	$1,900	$2,300	$3,295

Top Zipcodes Near Buffalo Grove

There are a total of 2 zipcodes in or near Buffalo Grove, IL. The average rent for all of these zipcodes is $2,125. A total of 2 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60016, Des Plaines, IL at $1,950 per month. In comparison, the zipcode with the most expensive average rent of $2,300 per month is 60173, Schaumburg, IL.

Studios in these zipcodes have an average rent of $600. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Buffalo Grove, IL is $1,872 per month. Or in other words, $30 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,093 per month. Which comes out to $24 per sqft. The following table includes the top 2 zipcodes in Buffalo Grove, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60173, Schaumburg, IL	N/A	$2,146	$2,336	$2,300
60016, Des Plaines, IL	$1,200	$1,598	$1,850	$1,950

Frequently Asked Questions - Buffalo Grove Average Rents

What is the average rent price in Buffalo Grove, IL?

The average monthly rental price for Buffalo Grove, IL apartments for rent is approximately $3,995. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Buffalo Grove, 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 Buffalo Grove, IL.

How have rent prices in Buffalo Grove, IL changed this year?

Rent prices for rentals in Buffalo Grove, IL can fluctuate yearly. Specifically, one bedroom rental prices have changed by 0.00%, three bedroom rental prices have changed by 0.44% year-over-year.

What is a reasonable rent price in Buffalo Grove, IL?

A reasonable rent price in Buffalo Grove, IL is around $3,196/month. You can search for these reasonably priced rental listings on RentHop.