Cheap Homes for Rent in Schaumburg, IL from $1,400 (74 Rentals)

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property at 1460 Fairlane Dr

1460 Fairlane Dr

SchaumburgIL60193

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.

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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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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

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property at 22 Burberry Cir

22 Burberry Cir

SchaumburgIL60173

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.

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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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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
Beech Pointe Apartments1BPStudio,1BA$1,325
Barrington Lakes ApartmentsStudioStudio,1BA$1,370
Hoffman Hills ApartmentsStudio RenovatedStudio,1BA$1,375
Village in the Park ApartmentsWhitney studioStudio,1BA$1,420
The Grove at Schaumburg ApartmentsPoppy1BR,1BA$1,430
Village Park Apartments, LLCA1/1-700-X1BR,1BA$1,450
Willow Crossing ApartmentsDaisy1BR,1BA$1,475

Best Value Apartments for Rent in Schaumburg, IL

As of November 03, 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 3 Bedroom Floor Plan C2 Model at Woodbury Place Apartments starting at $2,398 with a $1.92 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$1.84
Woodbury Place Apartments3 Bedroom Floor Plan C23BR,2BA$1.92
Willow Bend ApartmentsLabrador2BR,1.5BA$1.65
Orchard Hills ApartmentsD2BR,1BA$1.67
Hanover Park Blu ApartmentsThe Barrington2BR,1BA$1.76
2376 Good Speed Ln, Unit C2376 Good Speed Ln2BR,1BA$1.76
The Preserve at WoodfieldElk1BR,1BA$1.88
Colonial Village ApartmentsOne Bed1BR,1BA$2.00
Schaumburg- International Village1 Bedroom 1 Bath1BR,1BA$2.06
Village Grove Apartments - 62 +2nd Floor Premier1BR,1BA$1.75

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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A 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

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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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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

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See the most popular apartments and homes in Schaumburg, IL

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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 $11,221. There are also 229 Single Family Homes for rent, Condos, and Townhome rentals currently available in Schaumburg ranging from $1,491 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 $1,491 to $6,950 with an average monthly rent of $2,859.

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 $1,920 to $11,221, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,491 to $6,495. Four Bedroom Single-Family rentals are also available starting from $2,999 and Four Bedroom Apartments start at $7,527.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.