Cheap Apartments for Rent in Schaumburg, IL from $900 (42 Rentals)

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Waterbury Apartments
1 to 2 Bedroom Apartments

Waterbury Apartments

403-407 Dorchester StRoselle, IL 60172
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Bloomingdale Horizon
1 to 2 Bedroom Apartments

Bloomingdale Horizon

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

East Park Apartments

2272 Algonquin PkyRolling Meadows, IL 60008
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Tall Pines
1 to 2 Bedroom Apartments

Tall Pines

27 S Roselle RdRoselle, IL 60172
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Orion Elk Grove
1 to 2 Bedroom Apartments

Orion Elk Grove

991 Charlela LnElk Grove Village, IL 60007

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Willow Bend
1 to 3 Bedroom Apartments

Willow Bend

2850 Southampton DrRolling Meadows, IL 60008
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Fox Grove
1 to 2 Bedroom Apartments

Fox Grove

743 E Irving Park RdRoselle, IL 60172
  • Utilities Included
Showing Results 1-42, Page 1 of 1

Schaumburg, IL Local Guide

Photo of Justin Habersaat - Editing Staff
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
WestlineSTU-410Studio,1BA$1,284
Plum GroveTwo Room StudioStudio,1BA$1,300
Beech Pointe Apartments1BPStudio,1BA$1,325
Barrington Lakes ApartmentsStudioStudio,1BA$1,370
Village in the Park ApartmentsLexus (Studio)Studio,1BA$1,410
The Grove at Schaumburg ApartmentsPoppy1BR,1BA$1,430
Orion Elk GroveThe Eagle1BR,1BA$1,433
The Preserve at WoodfieldElk1BR,1BA$1,440

Best Value Apartments for Rent in Schaumburg, IL

As of December 07, 2025 the best value apartment in the Schaumburg area is the $1.87 price per square foot 2BR/2.0BA Model at Roselle Station Apartments in the starting from $2,479. The second greatest value Schaumburg apartment is the B1 Model at Springhill starting at $1,865 with a $1.56 price per square foot . 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$1.87
SpringhillB12BR,2BA$1.56
Schaumburg- International Village2 Bedroom 2 Bath2BR,2BA$1.79
ReNew Poplar CreekBishop2BR,1BA$2.09
Orchard Hills ApartmentsD2BR,1BA$1.67
Hanover Park Blu ApartmentsThe Barrington2BR,1BA$1.76
Woodbury Place Apartments1 Bedroom Floor Plan A11BR,1BA$1.99
The Preserve at WoodfieldElk1BR,1BA$1.80
Colonial Village ApartmentsOne Bed1BR,1BA$2.00
Village Grove Apartments - 62 +2nd Floor Premier1BR,1BA$1.75

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

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How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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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.

Best Local Schools in
Schaumburg, IL

School data provided by Great Schools

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

Explore Schaumburg, IL Rentals by Map

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See the most popular apartments and homes in Schaumburg, IL

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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

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Colonial Village Apartments and starts from $2,075.

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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!