2500 Mark Thomas Ln
Hanover ParkIL60133
Cheap Homes for Rent in Schaumburg, IL from $1,450 (37 Rentals)
Search the lowest-cost Homes available for rent right now in Schaumburg.
230 Springhill Dr
RoselleIL60172
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$1,510Studio Apartments Available Now
Furnished Studio-Chicago - Schaumburg - I-90
2000 N Roselle RdSchaumburg, IL 60195
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$1,510Studio Apartments Available Now
Furnished Studio-Chicago - Schaumburg - Convention Center
51 E State PkwySchaumburg, IL 60173
1195 Meadow Ln
Hoffman EstatesIL60169
1919 Prairie Square
SchaumburgIL60173
1460 Fairlane Dr, Unit 225
1460 Fairlane Dr
SchaumburgIL60193
101 Boardwalk St
Elk Grove VillageIL60007
1460 Fairlane Dr
SchaumburgIL60193
The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.
1906 S Plum Grove Rd
Rolling MeadowsIL60008
546 E Shag Bark Ln
StreamwoodIL60107
570 Mesa Dr, Unit 205
570 Mesa Dr
Hoffman EstatesIL60169
1906 Plum Grove Rd, Unit Kings Walk
1906 Plum Grove Rd
Rolling MeadowsIL60008
916 Casey Ct
SchaumburgIL60173
612 Rosner Dr
RoselleIL60172
2608 Pirates Cove, Unit 3
2608 Pirates Cove
SchaumburgIL60173
909 Buccaneer Dr
SchaumburgIL60173
5820 Wilshire Ct, Unit B
5820 Wilshire Ct
Hanover ParkIL60133
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
8 Gant Cir
StreamwoodIL60107
520 Biesterfield Rd
Elk Grove VillageIL60007
1460 Fairlane Dr, Unit 414
1460 Fairlane Dr
SchaumburgIL60193
718 Rodenburg Rd
RoselleIL60172
2006 Hastings Dr
Hoffman EstatesIL60169
1840 Huntington Blvd, Unit 511
1840 Huntington Blvd
Hoffman EstatesIL60169
375 Newgate Ct, Unit N2
375 Newgate Ct
SchaumburgIL60193
6026 Kit Carson Dr
Hanover ParkIL60133
20 Gant Cir
StreamwoodIL60107
Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!
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$1,994Studio Apartments Available Now
Furnished Studio-Chicago - Hanover Park
1075 E Lake StHanover Park, IL 60133
5101 Carriage Way Dr
Rolling MeadowsIL60008
181 Inverness Ct
Elk Grove VillageIL60007
5011 E Valley Ln
StreamwoodIL60107
800 Brook Dr
StreamwoodIL60107
1040 Hampton Harbor
SchaumburgIL60193
1688 Queensbury Cir
Hoffman EstatesIL60169
1040 Hampton Hbr, Unit 1040 Hampton Harbor
1040 Hampton Hbr
SchaumburgIL60193
803 Garden Cir
StreamwoodIL60107
Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.
440 Lear Ct
SchaumburgIL60194
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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 | $2,242 | $1,650 | $3,251 |
| Schaumburg 3 Bedroom Homes for Rent | $3,054 | $2,195 | $4,165 |
| Schaumburg 4 Bedroom Homes for Rent | $3,505 | $2,750 | $4,500 |
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
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Schaumburg, IL Local Guide
- Schaumburg Neighborhoods
- Nearby Cities
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- Local Counties
- School Districts
Cheapest Available Schaumburg Apartments for Rent
The cheapest available apartment rental in Schaumburg, IL is a 1 Bed unit found at Hanover Park Blu Apartments in the East Streamwood neighborhood priced from $1,295. Rose Glen Senior in the Far Northwest Suburban Cook neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,333. Here is today’s list of the most affordable Schaumburg apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hanover Park Blu Apartments | The Lincoln | 1BR,1BA | $1,295 |
| Rose Glen Senior | 1 Bed 1 Bath | 1BR,1BA | $1,333 |
| The Preserve at Woodfield | Elk | 1BR,1BA | $1,360 |
| Barrington Lakes Apartments | Studio | Studio,1BA | $1,400 |
| Plum Grove | Two Room Studio | Studio,1BA | $1,475 |
| Fieldpointe of Schaumburg | Willow (S) | Studio,1BA | $1,491 |
| Village Park Apartments | A1/3-700-X | 1BR,1BA | $1,515 |
| Willow Crossing Apartments | Lily - Elevated | 1BR,1BA | $1,522 |
| Orion Elk Grove | The Eagle | 1BR,1BA | $1,535 |
| Hoffman Hills Apartments | 1 Bed 1 Bath Remodel | 1BR,1BA | $1,550 |
Best Value Apartments for Rent in Schaumburg, IL
As of August 23, 2026 the best value apartment in the Schaumburg area is the $2.10 price per square foot Versailles w Den - Associates Model at Versailles on the Lakes Schaumburg in the in the Far Northwest Suburban Cook neighborhood starting from $2,602. The second greatest value Schaumburg apartment is the 2 Bedroom Floor Plan B2 Model at Woodbury Place Apartments starting at $1,844 with a $1.80 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Versailles on the Lakes Schaumburg | Versailles w Den - Associates | 2BR,2BA | $2.10 |
| Woodbury Place Apartments | 2 Bedroom Floor Plan B2 | 2BR,2BA | $1.80 |
| Willow Bend | B1 | 2BR,1.5BA | $2.10 |
| Enclave Apartments of Hoffman Estates | 2 bedroom | 2BR,2BA | $1.90 |
| Westline | 2x1-782 | 2BR,1BA | $1.91 |
| The Preserve at Woodfield | Elk | 1BR,1BA | $1.70 |
| ReNew Poplar Creek | Astor | 1BR,1BA | $2.20 |
| Colonial Village Apartments | One Bed | 1BR,1BA | $2.00 |
| Hanover Park Blu Apartments | The Lincoln | 1BR,1BA | $1.92 |
| Village Grove Apartments - 62 + | 1st Floor Standard | 1BR,1BA | $2.16 |
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.
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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.
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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!
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Frequently Asked Questions about Schaumburg
What type of rentals are currently available in Schaumburg?
There are currently 156 Apartments for Rent in Schaumburg, IL with pricing that ranges from $1,220 to $13,430. There are also 185 Single Family Homes for rent, Condos, and Townhome rentals currently available in Schaumburg ranging from $1,450 to $4,500.
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 $4,500 with an average monthly rent of $2,591.
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
The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Written by: Nicole Harms
When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.
Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Written by: Nicole Harms
I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.
Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Written by: Nicole Harms
Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.
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.
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Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.