Cheap Apartments for Rent in the Far Northwest Suburban Cook Neighborhood of Schaumburg, IL from $900 (88 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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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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property at 580 Lawrence Ave

$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 Now

580 Lawrence Ave, Unit 113, Unit 113

580 Lawrence Ave
RoselleIL60172
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Albion on Northwest
Rent Specials
$1,516 - $2,391
Total Monthly Price

Total Monthly Price

Base Rent
$1,516 - $2,391
Total Monthly Price
$1,516 - $2,391
1 to 2 Bedroom Apartments Available Now

Albion on Northwest

975 N Sterling AvePalatine, IL 60067
Affordability
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  • Customer Reviewed
  • Low Income

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
$1,628 - $2,821
Total Monthly Price

Total Monthly Price

Base Rent
$1,628 - $2,821
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1 to 3 Bedroom Apartments Available Now

Willow Bend

2850 Southampton DrRolling Meadows, IL 60008
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 Studio unit found at Fleetwood Center priced from $1,100. 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
Fleetwood CenterStudioStudio,1BA$1,100
Squire Village Apartments2BR/1.5BA2BR,1BA$1,156
Orchard Hills ApartmentsA1BR,1BA$1,195
WestlineSTU-410Studio,1BA$1,284
Plum GroveTwo Room StudioStudio,1BA$1,300
Rose Glen Senior1 Bed 1 Bath1BR,1BA$1,333
Willow Crossing ApartmentsLily - Elevated1BR,1BA$1,369
Hoffman Hills ApartmentsStudio RemodelStudio,1BA$1,370
Enclave Apartments of Hoffman Estates1 Bedroom1BR,1BA$1,425
Hanover Park Blu ApartmentsThe Lincoln1BR,1BA$1,445

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

As of April 13, 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 826 E Capri Dr Model at 826 E Capri Dr, Unit 826 #2 starting at $2,250 with a $1.50 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
826 E Capri Dr, Unit 826 #2826 E Capri Dr3BR,1.5BA$1.50
Albion on Lake CookC2 - 2 Bed + Den, 2 Bath2BR,2BA$1.89
Woodbury Place Apartments3 Bedroom Floor Plan C23BR,2BA$1.90
441 N Eric Dr, Unit 3A441 N Eric Dr2BR,2BA$1.80
The Ponds on Plum Grove2x1Cove2BR,1BA$1.94
The Preserve at WoodfieldArbor2BR,1BA$1.72
116 W Wood St, Unit 2E116 W Wood St2BR,2BA$1.94
Orchard Hills ApartmentsD2BR,1BA$1.67
Barrington Lakes ApartmentsOne Bedroom1BR,1BA$1.99

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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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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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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 $1,445.

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 $1,195, while the average apartment in Far Northwest Suburban Cook costs $9,045.

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 101 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 $295 which is $8,750 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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

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Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.