Cheap Apartments for Rent in the Far Northwest Suburban Cook Neighborhood of Schaumburg, IL from $900 (123 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Far Northwest Suburban Cook area of Schaumburg.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Schaumburg Terrace
1 to 2 Bedroom Apartments

Schaumburg Terrace

2344 John Smith DrSchaumburg, IL 60194

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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property at 1104 Mercury Dr

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

1 Bedroom, 1 Bath Condo for Rent

Available Now

1104 Mercury Dr, Unit 151B

1104 Mercury Dr
SchaumburgIL60193
property at 920 Casey Ct

$1,800 - $1,850

2 Bedroom Rentals

Available Now

920 Casey Ct

SchaumburgIL60173

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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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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1417 E Wyndham Cir, Unit 104
$1,450
Total Monthly Price

Total Monthly Price

Base Rent
$1,450
Total Monthly Price
$1,450
1 Bedroom Apartment Available Now

1417 E Wyndham Cir, Unit 104

1417 E Wyndham CirPalatine, IL 60074
Affordability
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property at 575 Heritage Dr

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

1 Bedroom, 1 Bath Condo for Rent

Available Jun 1

575 Heritage Dr, Unit 306

575 Heritage Dr
Hoffman EstatesIL60169

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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Far Northwest Suburban Cook, Schaumburg, IL Local Guide

Cheapest Available Far Northwest Suburban Cook Apartments for Rent

 

The cheapest available apartment rental in the Far Northwest Suburban Cook area of Chicago, IL is a 1 Bed unit found at Orchard Hills Apartments priced from $985. Squire Village Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,156. Here are the most affordable Far Northwest Suburban Cook apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Orchard Hills ApartmentsA1BR,1BA$985
Squire Village Apartments2BR/1.5BA2BR,1BA$1,156
WestlineSTU-410Studio,1BA$1,284
Plum GroveTwo Room StudioStudio,1BA$1,300
Hanover Park Blu ApartmentsThe Geneva1BR,1BA$1,325
Rose Glen Senior1 Bed 1 Bath1BR,1BA$1,333
Village in the Park ApartmentsLexus (Studio)Studio,1BA$1,425
The Preserve at WoodfieldElk1BR,1BA$1,450
Hoffman Hills Apartments1 Bed 1 Bath1BR,1BA$1,455

Best Value Apartments for Rent in Far Northwest Suburban Cook, IL

As of May 28, 2026 the best value apartment in the Far Northwest Suburban Cook area is the $0.88 price per square foot 4BR/1.5BA Model at Squire Village Apartments in the in the Beacon Pointe neighborhood starting from $1,482. The second greatest value Far Northwest Suburban Cook apartment is the C2 - 2 Bed + Den, 2 Bath Model at Albion on Lake Cook starting at $2,607 with a $1.94 price per square foot in the Cherrybrook Village neighborhood. Here is today’s list of the best values for Far Northwest Suburban Cook apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Squire Village Apartments4BR/1.5BA4BR,1.5BA$0.88
Albion on Lake CookC2 - 2 Bed + Den, 2 Bath2BR,2BA$1.94
Woodbury Place Apartments3 Bedroom Floor Plan C23BR,2BA$1.87
Willow BendB12BR,1.5BA$1.86
425 N Eric Dr, Unit 3A425 N Eric Dr2BR,2BA$1.80
The Ponds on Plum Grove2x1Cove2BR,1BA$1.87
158 N Brockway St, Unit 1B158 N Brockway St1BR,1BA$1.66
Orchard Hills ApartmentsC2BR,1BA$1.27
The Preserve at WoodfieldElk1BR,1BA$1.81
Hanover Park Blu ApartmentsThe Geneva1BR,1BA$1.66

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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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.

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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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Best Local Schools in
Far Northwest Suburban Cook, Schaumburg, IL

School data provided by Great Schools

Frequently Asked Questions about Cheap Far Northwest Suburban Cook Apartments

What is a cheap apartment in Far Northwest Suburban Cook?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Far Northwest Suburban Cook is under $1,455.

What is the price of a cheap apartment in Far Northwest Suburban Cook?

The cheapest apartment in Far Northwest Suburban Cook is Orchard Hills Apartments which is listed at $985, while the average apartment in Far Northwest Suburban Cook costs $9,040.

What types of apartments are the cheapest in Far Northwest Suburban Cook?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 10 regular apartments in Far Northwest Suburban Cook that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Far Northwest Suburban Cook?

Cheap apartments in Far Northwest Suburban Cook have an average cost of $117 which is $8,923 cheaper than the average rent for all rentals in Far Northwest Suburban Cook.

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

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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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Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

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With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

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Articles, How-To's, and Tips

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.