Cheap Homes for Rent in Schaumburg, IL from $1,400 (36 Rentals)

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property at 56 N Victoria Ln

56 N Victoria Ln

StreamwoodIL60107
property at 555 Hill Dr

555 Hill Dr, Unit 207

555 Hill Dr
Hoffman EstatesIL60169
property at 56 N Victoria Ln

56 N Victoria Ln

StreamwoodIL60107

Schaumburg, IL Local Guide

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 ListingModel NameBed/BathPriced From
Enclave Apartments of Hoffman EstatesStudioStudio,1BA$1,150
Orchard Hills ApartmentsA1BR,1BA$1,195
Plum GroveTwo Room StudioStudio,1BA$1,300
Village in the Park ApartmentsWhitney studioStudio,1BA$1,410
The Preserve at WoodfieldElk1BR,1BA$1,490
Village Park Apartments, LLCA1/3-700-X1BR,1BA$1,495
The Grove at Schaumburg ApartmentsLily1BR,1BA$1,503
Willow Crossing ApartmentsDaisy1BR,1BA$1,515
Fieldpointe of SchaumburgWillow (S)Studio,1BA$1,519
The Residences at Payton PlaceS1Studio,1BA$1,520

Best Value Apartments for Rent in Schaumburg, IL

As of September 14, 2025 the best value apartment in the Schaumburg area is the $1.84 price per square foot 2BR/2.0BA Model at Roselle Station Apartments in the starting from $2,443. The second greatest value Schaumburg apartment is the Labrador Model at Willow Bend Apartments starting at $2,090 with a $1.67 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Roselle Station Apartments2BR/2.0BA2BR,2BA$1.84
Willow Bend ApartmentsLabrador2BR,1.5BA$1.67
Woodbury Place Apartments3 Bedroom Floor Plan C23BR,2BA$1.96
Orchard Hills ApartmentsD2BR,1BA$1.67
Hanover Park Blu ApartmentsThe Barrington2BR,1BA$1.76
Barrington Lakes ApartmentsOne Bedroom1BR,1BA$1.96
The Preserve at WoodfieldElk1BR,1BA$1.86
Colonial Village ApartmentsOne Bed1BR,1BA$2.00
Schaumburg- International Village1 Bedroom 1 Bath1BR,1BA$2.07
Village Grove Apartments - 62 +2nd Floor Premier1BR,1BA$1.75

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Location, Location, Location!

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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 $1,150 to $8,570. There are also 243 Single Family Homes for rent, Condos, and Townhome rentals currently available in Schaumburg ranging from $1,450 to $6,950.

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 $1,450 to $6,950 with an average monthly rent of $3,020.

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 $2,001 to $7,780, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,895 to $6,495. Four Bedroom Single-Family rentals are also available starting from $2,599 and Four Bedroom Apartments start at $6,163.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.