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Average Rent in Schaumburg, IL

Home  »  IL  »  Schaumburg

Current Versus Historical Schaumburg, IL Rents

Schaumburg rentals average $1,995 for a 1-bedroom rental to $0 for a 4-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 (7.87%) year-over-year from $15 to $16. 1-bedroom rentals prices have increased by $134 (7.30%) year-over-year from $1,841 to $1,975. 2-bedroom rentals prices have increased by $293 (14.99%) year-over-year from $1,957 to $2,250. 3-bedroom rentals prices have increased by $867 (35.62%) year-over-year from $2,433 to $3,300. 4-bedroom rentals prices have decreased by $25 (-0.70%) year-over-year from $3,525 to $3,500. 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 down by 4.00% this month. 1-bedroom rents have gone up by 0.85% this month. 2-bedroom rents have gone down by 0.00% this month. 3-bedroom rents have gone up by 22.22% this month. 4-bedroom rents have gone up by 3.96% this month.
Beds
Price / Sqft
 Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $2.78 $1,975 $1,841 (7.30%) $2,010 (-1.72%)
2 BR $2.36 $2,250 $1,957 (14.99%) $1,757 (28.08%)
3 BR $1.86 $3,300 $2,433 (35.62%) $2,233 (47.76%)

Historical Rents in Schaumburg, IL

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Schaumburg



Let's compare Schaumburg, IL's rent against other top cities nearby by bedroom size.
City Studio 1 Bed 2 Bed All

Top Neighborhoods Near Schaumburg



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

Top Counties Near Schaumburg

The average rent for rentals in these counties is $2,098. That's roughly around $3 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 $2,098. Vice versa, with an average rent of $2,098, Schaumburg, IL is the most expensive county by Schaumburg, IL.

Typically, rent for studios in Schaumburg, IL is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Schaumburg, IL is 0.50% more expensive than other counties nearby. Finally, rent for two bedrooms in Schaumburg, IL is 2.13% more affordable than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Schaumburg, IL $1,195 $1,985 $2,400 $2,098

Top Zipcodes Near Schaumburg

There is one zipcode in or near Schaumburg, IL. The average rent for this zipcode is $2,043.

The following chart includes the zipcode in or near Schaumburg, 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 $1,995 $2,580 $2,043

Frequently Asked Questions - Schaumburg Average Rents

What is the average rent price in Schaumburg, IL?
The average monthly rental price for 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 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 Schaumburg, IL.
How much is a studio apartment in 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 Schaumburg.
How much is a one bedroom apartment in 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 31 one bedroom apartment listings currently available for rent in Schaumburg.
How much is a two bedroom apartment in Schaumburg, IL?
The average monthly rental price for two bedroom apartments is $2,350 and an average price per square feet of $2.36. There are a total of 44 two bedroom apartment listings currently available for rent in Schaumburg.
How have rent prices in Schaumburg, IL changed this year?
Rent prices for rentals in Schaumburg, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.08%, one bedroom rental prices have changed by 0.07%, two bedroom rental prices have changed by 0.15%, and three bedroom rental prices have changed by 0.36% year-over-year.
What is a reasonable rent price in Schaumburg, IL?
A reasonable rent price in Schaumburg, IL is around $1,684/month. You can search for these reasonably priced rental listings on RentHop.
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