2500 Mark Thomas Ln
Hanover ParkIL60133
Cheap Homes for Rent in Schaumburg, IL from $1,300 (23 Rentals)
Search the lowest-cost Homes available for rent right now in Schaumburg.
1112 Westover Ln
SchaumburgIL60193
746 Prescott Dr, Unit 205, Unit 205
746 Prescott Dr
RoselleIL60172
1926 Prairie Square
SchaumburgIL60173
1800 Huntington Blvd, Unit 206, Unit 206
1800 Huntington Blvd
Hoffman EstatesIL60169
57 E Hattendorf Ave
RoselleIL60172
112 Mullingar Ct
SchaumburgIL60193
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.
1104 Mercury Dr
SchaumburgIL60193
1104 Mercury Dr, Unit 151B, Unit 151B
1104 Mercury Dr
SchaumburgIL60193
670 Hill Dr, Unit 670 Hill drive, Unit 670 Hill drive
670 Hill Dr
Hoffman EstatesIL60169
1912 Huntington Blvd
Hoffman EstatesIL60169
225 Main St
RoselleIL60172
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$1,8502 Bedroom Apartments Available Now
1880 Bonnie Ln, Unit 118
1880 Bonnie LnHoffman Estates, IL 60169
920 Casey Ct
SchaumburgIL60173
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.
580 Mesa Dr, Unit 201
580 Mesa Dr
Hoffman EstatesIL60169
636 Forum Dr
RoselleIL60172
1375 Rebecca Dr
Hoffman EstatesIL60169
102 Tonset Ct
SchaumburgIL60193
2632 Pirates Cv, Unit 2632 Pirates Cove #6, Unit 2632 Pirates Cove #6
2632 Pirates Cv
SchaumburgIL60173
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$1,979Studio Apartments Available Now
Furnished Studio-Chicago - Woodfield Mall
1200 American LnSchaumburg, IL 60173
722 Whitesail Dr
SchaumburgIL60194
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.
224 Westminster Ct
SchaumburgIL60193
220 S Roselle Rd
SchaumburgIL60193
Showing Results 1-23, Page 1 of 1
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 | $2,283 | $1,700 | $3,500 |
| Schaumburg 3 Bedroom Homes for Rent | $2,857 | $2,100 | $3,890 |
| Schaumburg 4 Bedroom Homes for Rent | $3,960 | $3,050 | $6,450 |
| Schaumburg 5 Bedroom Homes for Rent | $3,100 | $3,100 | $3,100 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Schaumburg
Explore Schaumburg
Schaumburg, IL Local Guide
- Schaumburg Neighborhoods
- Nearby Cities
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Cheapest Available Schaumburg Apartments for Rent
The cheapest available apartment rental in Schaumburg, IL is a 1 Bed unit found at Orchard Hills Apartments in the East Streamwood neighborhood priced from $985. Westline in the East Streamwood neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,284. Here is today’s list of the most affordable Schaumburg apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Orchard Hills Apartments | A | 1BR,1BA | $985 |
| Westline | STU-410 | Studio,1BA | $1,284 |
| Plum Grove | Two Room Studio | Studio,1BA | $1,300 |
| Hanover Park Blu Apartments | The Geneva | 1BR,1BA | $1,325 |
| Rose Glen Senior | 1 Bed 1 Bath | 1BR,1BA | $1,333 |
Best Value Apartments for Rent in Schaumburg, IL
As of May 25, 2026 the best value apartment in the Schaumburg area is the $1.98 price per square foot 2BR/2.0BA Model at Roselle Station Apartments in the starting from $2,627. The second greatest value Schaumburg apartment is the Algonquin Model at The Preserve at Woodfield starting at $2,190 with a $1.68 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. |
|---|---|---|---|
| Roselle Station Apartments | 2BR/2.0BA | 2BR,2BA | $1.98 |
| The Preserve at Woodfield | Algonquin | 3BR,2BA | $1.68 |
| Woodbury Place Apartments | 3 Bedroom Floor Plan C2 | 3BR,2BA | $1.87 |
| Willow Bend | B1 | 2BR,1.5BA | $1.90 |
| ReNew Poplar Creek | Columbia | 2BR,2BA | $2.02 |
| Orchard Hills Apartments | C | 2BR,1BA | $1.27 |
| Barrington Lakes Apartments | One Bedroom | 1BR,1BA | $1.96 |
| Hanover Park Blu Apartments | The Geneva | 1BR,1BA | $1.66 |
| Colonial Village Apartments | One Bed | 1BR,1BA | $2.00 |
| Springhill | A1/A2 | 1BR,1BA | $1.98 |
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
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 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 ArticleReal 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 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.
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Schaumburg, ILPopulation: 73,509
Ranked #489
in US Census Population by City
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
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 161 Apartments for Rent in Schaumburg, IL with pricing that ranges from $985 to $14,691. There are also 136 Single Family Homes for rent, Condos, and Townhome rentals currently available in Schaumburg ranging from $1,395 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 $1,395 to $6,450 with an average monthly rent of $2,785.
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 $14,681, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $3,890. Four Bedroom Single-Family rentals are also available starting from $3,050 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
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.
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.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.