Cheap Apartments for Rent in Schaumburg, IL from $1,220 (79 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 1813 Hemlock Plz
$1,450

Total Monthly Price

Base Rent$1,450
Total Monthly Price$1,450
Studio, 1 Bath Condo for Rent
Available Now
Affordability

1813 Hemlock Plz, Unit 208

1813 Hemlock Plz
SchaumburgIL60173

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

Read Article
property at 614 Bryn Mawr Ct
$1,890

Total Monthly Price

Base Rent$1,890
Total Monthly Price$1,890
2 Bedroom, 1.5 Bath Townhome for Rent
Available Now
Cost Per Sq.Ft.

614 Bryn Mawr Ct

SchaumburgIL60194
property at 375 Newgate Ct
$1,900

Total Monthly Price

Base Rent$1,900
Total Monthly Price$1,900
2 Bedroom, 1 Bath Condo for Rent
Available Sep 30
Furnished

375 Newgate Ct, Unit N2

375 Newgate Ct
SchaumburgIL60193
  • Smoke Free

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article
close
View Me
Schaumburg Terrace
1 to 2 Bedroom Apartments

Schaumburg Terrace

2344 John Smith DrSchaumburg, IL 60194

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

Read Article
close
View Me
Springhill
$1,516 - $1,886

Total Monthly Price

Base Rent$1,516 - $1,886
Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Sep 7

Springhill

280 Spring Hill DrRoselle, IL 60172
  • Verified

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

Read Article
close
View Me
Willow Bend
$1,696 - $5,182

Total Monthly Price

Base Rent$1,696 - $5,182
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Willow Bend

2850 Southampton DrRolling Meadows, IL 60008
  • Verified
  • 3D Tour

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article
Showing Results 1-50, Page 1 of 2

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 $1,225. Rose Glen Senior in the Far Northwest Suburban Cook neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,333. Here is today’s list of the most affordable Schaumburg apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Enclave Apartments of Hoffman EstatesStudioStudio,1BA$1,225
Rose Glen Senior1 Bed 1 Bath1BR,1BA$1,333
Fieldpointe of SchaumburgWillow (S)Studio,1BA$1,390
Hanover Park Blu ApartmentsThe Barrington2BR,1BA$1,400
Plum GroveTwo Room StudioStudio,1BA$1,475
Willow Crossing ApartmentsLily - Elevated1BR,1BA$1,479
Village Park ApartmentsA1/3-700-X1BR,1BA$1,515
Colonial Village ApartmentsOne Bed1BR,1BA$1,580
Barrington Lakes ApartmentsOne Bedroom1BR,1BA$1,595
Hoffman Hills Apartments1 Bed 1 Bath Renovated1BR,1BA$1,595

Best Value Apartments for Rent in Schaumburg, IL

As of September 05, 2026 the best value apartment in the Schaumburg area is the $2.10 price per square foot B1 Model at Willow Bend in the in the Des Plaines Arlington Hts Corridor neighborhood starting from $2,103. The second greatest value Schaumburg apartment is the 2x1Cove Model at The Ponds on Plum Grove starting at $1,805 with a $1.87 price per square foot in the Far Northwest Suburban Cook 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.
Willow BendB12BR,1.5BA$2.10
The Ponds on Plum Grove2x1Cove2BR,1BA$1.87
Woodbury Place Apartments2 Bedroom Floor Plan B12BR,1BA$1.83
ReNew Poplar CreekBishop2BR,1BA$1.91
Hanover Park Blu ApartmentsThe Barrington2BR,1BA$1.59
Westline2x1-7822BR,1BA$1.91
The Preserve at WoodfieldElk1BR,1BA$1.82
Colonial Village ApartmentsOne Bed1BR,1BA$2.00
Schaumburg- International Village1 Bedroom 1 Bath1BR,1BA$2.15
Village Grove Apartments - 62 +1st Floor Standard1BR,1BA$2.16

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.

Read Article
Decorative image

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

Read Article

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article

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

Read Article
Decorative image

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

Quick Rent Budget Calculator

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.

decorative image of people with a giant lease agreement

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.

Schaumburg, IL
Population: 73,509

Ranked #489

in US Census Population by City

decorative image of people examining a giant globe and floating graphs

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

Decorative image of map

See the most popular apartments and homes in Schaumburg, IL

View Map
Schaumburg, IL Apartments Map
View Map
Schaumburg, IL Rental Homes Map

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 $1,225.

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

The lowest price for a Cheap One Bedroom Schaumburg Apartment is $1,333 at Rose Glen Senior.

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 $1,400 at Hanover Park Blu Apartments.

What is the most affordable Schaumburg Three Bedroom Apartment?

The best deal on a cheap Schaumburg Three Bedroom Apartment rental is at Barrington Lakes Apartments and starts from $2,350.

Expert Rental Resources

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.

Helpful Local Expert Guides

decorative image for The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago article

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Written by: Nicole Harms

When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.

decorative image for Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible article

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Written by: Nicole Harms

I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.

decorative image for Chicago Relocation 101: Mastering Utilities, Registration, and the CTA article

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Written by: Nicole Harms

Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.

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

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

Written by: Nicole Harms

From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.