Cheap Apartments for Rent in Schaumburg, IL from $900 (33 Rentals)

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Search the lowest-cost Apartments available for rent right now in Schaumburg.

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Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Schaumburg Terrace
1 to 2 Bedroom Apartments

Schaumburg Terrace

2344 John Smith DrSchaumburg, IL 60194

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Waterbury Apartments
1 to 2 Bedroom Apartments

Waterbury Apartments

403-407 Dorchester StRoselle, IL 60172
  • Utilities Included

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Bloomingdale Horizon
1 to 2 Bedroom Apartments

Bloomingdale Horizon

160 W Lake StBloomingdale, IL 60108
Senior Living
  • Utilities Included
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East Park Apartments
2 Bedroom Apartments

East Park Apartments

2272 Algonquin PkyRolling Meadows, IL 60008
  • Utilities Included
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Orion Elk Grove
1 to 2 Bedroom Apartments

Orion Elk Grove

991 Charlela LnElk Grove Village, IL 60007
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Fox Grove
1 to 2 Bedroom Apartments

Fox Grove

743 E Irving Park RdRoselle, IL 60172
  • Utilities Included

Schaumburg, IL Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Available Schaumburg Apartments for Rent

 

The cheapest available apartment rental in Schaumburg, IL is a Studio unit found at Enclave Apartments of Hoffman Estates in the Far Northwest Suburban Cook neighborhood priced from $1,150. Orchard Hills Apartments in the East Streamwood neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,195. Here is today’s list of the most affordable Schaumburg apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Enclave Apartments of Hoffman EstatesStudioStudio,1BA$1,150
Orchard Hills ApartmentsA1BR,1BA$1,195
Plum GroveTwo Room StudioStudio,1BA$1,300
Barrington Lakes ApartmentsStudioStudio,1BA$1,365
Village in the Park ApartmentsWhitney studioStudio,1BA$1,410
Orion Elk GroveThe Eagle1BR,1BA$1,459
The Preserve at WoodfieldElk1BR,1BA$1,490
Village Park Apartments, LLCA1/3-700-X1BR,1BA$1,495
Willow Crossing ApartmentsDaisy1BR,1BA$1,496
The Grove at Schaumburg ApartmentsLily1BR,1BA$1,503

Best Value Apartments for Rent in Schaumburg, IL

As of September 08, 2025 the best value apartment in the Schaumburg area is the $1.84 price per square foot 2BR/2.0BA Model at Roselle Station Apartments in the starting from $2,443. The second greatest value Schaumburg apartment is the Labrador Model at Willow Bend Apartments starting at $2,050 with a $1.64 price per square foot in the Des Plaines Arlington Hts Corridor neighborhood. Here is today’s list of the best values for Schaumburg apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Roselle Station Apartments2BR/2.0BA2BR,2BA$1.84
Willow Bend ApartmentsLabrador2BR,1.5BA$1.64
Woodbury Place Apartments3 Bedroom Floor Plan C23BR,2BA$1.99
21 Kristin2x1R - (Renovated)2BR,1BA$1.98
Orchard Hills ApartmentsD2BR,1BA$1.67
Hanover Park Blu ApartmentsThe Barrington2BR,1BA$1.76
The Preserve at WoodfieldElk1BR,1BA$1.86
Colonial Village ApartmentsOne Bed1BR,1BA$2.00
Schaumburg- International Village1 Bedroom 1 Bath1BR,1BA$2.07
Village Grove Apartments - 62 +2nd Floor Premier1BR,1BA$1.75

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Schaumburg Overview

Located less than thirty miles northwest of Chicago, Schaumburg is an on-the-move suburb brimming with opportunity. Considered part of the famed 'golden corridor' of Illinois, Schaumburg boasts a population of just under 75K.

Why live in Schaumburg, IL?

Home to one of the only Ikea shopping centers in the state, Schaumburg apartments are close to a number of employers such as Motorola and Zurich, as well as a wide range of universities. With the Chicago nightlife and museums scene right around the corner, Schaumburg rentals truly offer a winning mix of all that life in Illinois has to offer.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Getting Around Schaumburg, IL

Walk Score®

52 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

69 / 100

Bikeable

Some bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap Schaumburg Apartments

What is the Cheapest Studio apartment in Schaumburg?

Currently the most affordable Cheap Studio Apartment in Schaumburg is at Enclave Apartments of Hoffman Estates listed at $1,150.

How much is rent for a Cheap One Bedroom Schaumburg Apartment?

The lowest price for a Cheap One Bedroom Schaumburg Apartment is $1,195 at Orchard Hills Apartments.

What is the lowest price for a Cheap Two Bedroom Schaumburg Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Schaumburg is starting from $1,495 at Orchard Hills Apartments.

What is the most affordable Schaumburg Three Bedroom Apartment?

The best deal on a cheap Schaumburg Three Bedroom Apartment rental is at The Preserve at Woodfield and starts from $2,190.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

Written by: Nicole Harms

I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.