Cheap Homes for Rent in Schaumburg, IL from $1,500 (39 Rentals)

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property at 520 Hill Dr

520 Hill Dr, Unit 304

520 Hill Dr
Hoffman EstatesIL60169

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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property at 1463 Mercury Dr

1463 Mercury Dr

SchaumburgIL60193

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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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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property at 1803 Bristol Walk

1803 Bristol Walk

Hoffman EstatesIL60169

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-39, Page 1 of 1

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 East Streamwood 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
Hoffman Hills ApartmentsStudioStudio,1BA$1,195
Plum GroveTwo Room StudioStudio,1BA$1,300
Barrington Lakes ApartmentsStudioStudio,1BA$1,345
Colonial VillageOne Bedroom, Standard1BR,1BA$1,355
The Preserve at WoodfieldArbor2BR,1BA$1,490
Village in the Park ApartmentsForrester1BR,1BA$1,490
Village Park Apartments, LLCA1/3-700-X1BR,1BA$1,495
Orion Elk GroveThe Eagle1BR,1BA$1,528

Best Value Apartments for Rent in Schaumburg, IL

As of June 09, 2025 the best value apartment in the Schaumburg area is the $1.76 price per square foot 2BR/2.0BA Model at Roselle Station Apartments in the in the Bloomingdale Walk neighborhood starting from $2,338. The second greatest value Schaumburg apartment is the King Charles Model at Willow Bend Apartments starting at $2,039 with a $2.04 price per square foot in the Pleasant Hill 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$1.76
Willow Bend ApartmentsKing Charles2BR,1.5BA$2.04
Savannah Trace ApartmentsMagnolia2BR,2BA$2.20
The Preserve at WoodfieldArbor2BR,1BA$1.74
Orchard Hills ApartmentsD2BR,1BA$1.67
Hanover Park Blu ApartmentsThe Barrington2BR,1BA$1.86
Colonial VillageOne Bedroom, Standard1BR,1BA$1.72
Schaumburg- International Village1 Bedroom 1 Bath1BR,1BA$2.15
21 Kristin1x1P - (Partial)1BR,1BA$2.13
Village Park Apartments, LLCA1/3-700-X1BR,1BA$2.14

Quick Rent Budget Calculator

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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 $10,680. There are also 139 Single Family Homes for rent, Condos, and Townhome rentals currently available in Schaumburg ranging from $1,500 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 $1,500 to $6,950 with an average monthly rent of $3,241.

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 $1,890 to $7,639, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,950 to $6,495. Four Bedroom Single-Family rentals are also available starting from $2,950 and Four Bedroom Apartments start at $2,900.

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 Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.