
Cheap Homes for Rent in Schaumburg, IL from $900 (42 Rentals)
Search the lowest-cost Homes available for rent right now in Schaumburg.


1880 Bonnie Ln

600 Mesa Dr

1035 Higgins Quarters Dr

1195 Meadow Ln

3275 Kirchoff Rd

5406 Chateau Dr

3275 Kirchoff Rd
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.

3275 Kirchoff Rd, Unit 337

Furnished Studio-Chicago - Itasca

1120 Copperfield Ln

5011 Valley Ln

3255 Kirchoff Rd

1972 Hastings Dr

135 Pickwick Dr

Furnished Studio-Chicago - Hanover Park
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.

745 Hill Dr

1463 Mercury Dr

Furnished Studio-Chicago - Rolling Meadows

670 Hill Dr, Unit 209

690 E Algonquin Rd

670 E Algonquin Rd

Furnished Studio-Chicago - Woodfield Mall

6 N Victoria Ln
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!

609 Hanover Ct

1375 Rebecca Dr

2600 Brookwood Way Dr

1001 Buccaneer Dr

75 Kristin Cir

119 Boardwalk St

1500 Robin Cir

31 Wisteria Ln
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.

1691 Buttonwood Cir

1630 Buttonwood Cir

537 E Shag Bark Ln

636 Forum Dr

2600 Brookwood Way Dr, Unit 214

1630 Lincoln Meadows Cir

803 Garden Cir

1620 Lincoln Meadows Cir
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.

300 S Roselle Rd

103 Aster Dr
Schaumburg, IL Local Guide

How much does it cost to rent a home in Schaumburg?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Schaumburg 2 Bedroom Homes for Rent | $2,132 | $1,550 | $3,100 |
| Schaumburg 3 Bedroom Homes for Rent | $2,903 | $900 | $5,795 |
| Schaumburg 4 Bedroom Homes for Rent | $3,468 | $2,595 | $6,450 |
Browse Top Homes for Rent in Schaumburg
Explore Schaumburg
Schaumburg, IL Local Guide
- Schaumburg Neighborhoods
- Nearby Cities
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- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Enclave Apartments of Hoffman Estates | Studio | Studio,1BA | $1,150 |
| Orchard Hills Apartments | A | 1BR,1BA | $1,195 |
| Westline | STU-410 | Studio,1BA | $1,284 |
| Orion Elk Grove | The Hawk | 1BR,1BA | $1,298 |
| Plum Grove | Two Room Studio | Studio,1BA | $1,300 |
| Beech Pointe Apartments | 1BP | Studio,1BA | $1,325 |
| Barrington Lakes Apartments | Studio | Studio,1BA | $1,370 |
| Village in the Park Apartments | Lexus (Studio) | Studio,1BA | $1,410 |
| Willow Crossing Apartments | Lily | 1BR,1BA | $1,436 |
| Hoffman Hills Apartments | 1 Bed 1 Bath Renovated | 1BR,1BA | $1,465 |
Best Value Apartments for Rent in Schaumburg, IL
As of December 27, 2025 the best value apartment in the Schaumburg area is the $1.56 price per square foot B1 Model at Springhill in the starting from $1,865. The second greatest value Schaumburg apartment is the King Charles Model at Willow Bend starting at $2,089 with a $2.09 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Springhill | B1 | 2BR,2BA | $1.56 |
| Willow Bend | King Charles | 2BR,1.5BA | $2.09 |
| ReNew Poplar Creek | Bishop | 2BR,1BA | $2.09 |
| Orchard Hills Apartments | D | 2BR,1BA | $1.67 |
| Hoffman Hills Apartments | 2 Bed 1 Bath Remodel | 2BR,1BA | $2.10 |
| Woodbury Place Apartments | 1 Bedroom Floor Plan A1 | 1BR,1BA | $1.88 |
| The Preserve at Woodfield | Elk | 1BR,1BA | $1.88 |
| Colonial Village Apartments | One Bed | 1BR,1BA | $2.00 |
| Schaumburg- International Village | 1 Bedroom 1 Bath | 1BR,1BA | $2.09 |
| Village Grove Apartments - 62 + | 2nd Floor Premier | 1BR,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.
Read ArticleBest 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 ArticleThe 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.
Read ArticleCash 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.
Read ArticleA 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 ArticleQuick 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.
Best Local Schools in Schaumburg, IL
Schaumburg High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Schaumburg, IL Rentals by Map
See the most popular apartments and homes in Schaumburg, IL
Frequently Asked Questions about Schaumburg
What type of rentals are currently available in Schaumburg?
There are currently 159 Apartments for Rent in Schaumburg, IL with pricing that ranges from $1,150 to $21,553. There are also 223 Single Family Homes for rent, Condos, and Townhome rentals currently available in Schaumburg ranging from $900 to $6,450.
What is the current price range for Rental Homes in Schaumburg?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Schaumburg ranges from $900 to $6,450 with an average monthly rent of $2,606.
How much are larger Three and Four Bedroom Rentals in Schaumburg?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Schaumburg range from $1,860 to $13,644, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $5,795. Four Bedroom Single-Family rentals are also available starting from $2,595 and Four Bedroom Apartments start at $10,000.
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

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.

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
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.

Best Neighborhoods to Rent in Near Chicago's Top Employers
Written by: Nicole Harms
Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!