Cheap Homes for Rent in Schaumburg, IL from $1,000 (20 Rentals)

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Search the lowest-cost Homes available for rent right now in Schaumburg.

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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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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property at 1543 Cornell Pl

1543 Cornell Pl

Hoffman EstatesIL60169

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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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
Hoffman Hills Apartments1 Bed 1 Bath1BR,1BA$1,395
Orion Elk GroveThe Eagle1BR,1BA$1,454

Best Value Apartments for Rent in Schaumburg, IL

As of July 27, 2025 the best value apartment in the Schaumburg area is the $1.73 price per square foot 2BR/2.0BA Model at Roselle Station Apartments in the starting from $2,295. The second greatest value Schaumburg apartment is the 1723 Sessions Walk Model at 1723 Sessions Walk starting at $2,100 with a $1.91 price per square foot in the West Streamwood 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$1.73
1723 Sessions Walk1723 Sessions Walk2BR,1.5BA$1.91
Woodbury Place Apartments2 Bedroom Floor Plan B22BR,2BA$1.85
ReNew Poplar CreekColumbia2BR,2BA$2.00
Barrington Lakes ApartmentsTwo Bedroom Split2BR,2BA$2.01
Orchard Hills ApartmentsD2BR,1BA$1.67
Hanover Park Blu ApartmentsThe Barrington2BR,1BA$1.81
The Preserve at WoodfieldElk1BR,1BA$2.03
Colonial VillageOne Bedroom, Standard1BR,1BA$2.00
Village Grove Apartments - 62 +1st Floor Standard1BR,1BA$1.95

Quick Rent Budget Calculator

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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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Frequently Asked Questions about Schaumburg

What type of rentals are currently available in Schaumburg?

There are currently 163 Apartments for Rent in Schaumburg, IL with pricing that ranges from $1,150 to $9,030. There are also 184 Single Family Homes for rent, Condos, and Townhome rentals currently available in Schaumburg ranging from $1,055 to $8,000.

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 $1,055 to $8,000 with an average monthly rent of $3,156.

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.

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.

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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.