
Cheap Homes for Rent in Schaumburg, IL from $1,400 (50 Rentals)
Search the lowest-cost Homes available for rent right now in Schaumburg.


1908 Kingsley Dr

2500 Mark Thomas Ln

5000 Carriage Way Dr

1035 Higgins Quarters Dr

1112 Westover Ln

2402 Algonquin Rd

1750 Fayette Walk

220 S Roselle Rd, Unit 220-27

Furnished Studio-Chicago - Itasca
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.

1813 Hemlock Pl

Furnished Studio-Chicago - Hanover Park

3275 Kirchoff Rd

609 Hanover Ct

1463 Mercury Dr

130 Crestwood Ct

Furnished Studio-Chicago - Woodfield Mall

Furnished Studio-Chicago - Rolling Meadows

670 Hill Dr, Unit 670 Hill drive

1367 Sacramento Dr
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.

1964 Kenilworth Cir

300 S Roselle Rd

1463 Mercury Dr

1500 Robin Cir

1880 Bonnie Ln

109 Central Ave

636 Forum Dr

880 S Plum Grove Rd

1375 Rebecca Dr

803 Garden Cir
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!

151 Brookston Dr

877 Cross Creek Dr W

1840 Huntington Blvd

47 Gant Cir

37 Tonset Ct

86 N Victoria Ln

86 Gant Cir

1808 Fayette Walk

689 Wilson St

1306 Forestdale Ct
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.

1313 Wakeby Ln

913 Casey Ct

6287 Fremont Dr

46 Gant Cir

160 Stirling Ln

160 Stirling Ln

33 Hawthorne Ln

122 Stirling Ln

830 Knottingham Dr

1306 Forestdale Ct
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.
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 | $2,188 | $1,550 | $5,500 |
| Schaumburg 3 Bedroom Homes for Rent | $2,828 | $2,000 | $5,795 |
| Schaumburg 4 Bedroom Homes for Rent | $3,468 | $2,400 | $6,450 |
| Schaumburg 5 Bedroom Homes for Rent | $3,533 | $3,100 | $4,000 |
Browse Top Homes for Rent in Schaumburg
Explore Schaumburg
Schaumburg, IL Local Guide
- Schaumburg Neighborhoods
- Nearby Cities
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- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Enclave Apartments of Hoffman Estates | Studio | Studio,1BA | $1,150 |
| Orchard Hills Apartments | A | 1BR,1BA | $1,195 |
| Westline | STU-410 | Studio,1BA | $1,284 |
| Plum Grove | Two Room Studio | Studio,1BA | $1,300 |
| Beech Pointe Apartments | 1BP | Studio,1BA | $1,325 |
| Rose Glen Senior | 1 Bed 1 Bath | 1BR,1BA | $1,333 |
| The Preserve at Woodfield | Elk | 1BR,1BA | $1,360 |
| Hoffman Hills Apartments | Studio Renovated | Studio,1BA | $1,375 |
| Hanover Park Blu Apartments | The Lincoln | 1BR,1BA | $1,445 |
| Willow Crossing Apartments | Lily | 1BR,1BA | $1,469 |
Best Value Apartments for Rent in Schaumburg, IL
As of February 22, 2026 the best value apartment in the Schaumburg area is the $1.82 price per square foot 2BR/2.0BA Model at Roselle Station Apartments in the starting from $2,408. The second greatest value Schaumburg apartment is the B1 Model at Springhill starting at $1,865 with a $1.56 price per square foot . 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. |
|---|---|---|---|
| Roselle Station Apartments | 2BR/2.0BA | 2BR,2BA | $1.82 |
| Springhill | B1 | 2BR,2BA | $1.56 |
| Willow Bend | Bichon | 2BR,1.5BA | $2.01 |
| 1075 Knoll Ln | 1075 Knoll Ln | 2BR,2BA | $2.00 |
| Barrington Lakes Apartments | Two Bedroom Split | 2BR,2BA | $1.95 |
| The Preserve at Woodfield | Arbor | 2BR,1BA | $1.74 |
| Orchard Hills Apartments | D | 2BR,1BA | $1.67 |
| Woodbury Place Apartments | 1 Bedroom Floor Plan A1 | 1BR,1BA | $1.89 |
| Colonial Village Apartments | One Bed | 1BR,1BA | $2.00 |
| Village Grove Apartments - 62 + | 2nd Floor Premier | 1BR,1BA | $1.88 |
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.
Read ArticleBest 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 ArticleThe 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.
Read ArticleCash 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.
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 ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Best Local Schools in Schaumburg, IL
Schaumburg High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Schaumburg, IL Rentals by Map
See the most popular apartments and homes in Schaumburg, IL
Frequently Asked Questions about Schaumburg
What type of rentals are currently available in Schaumburg?
There are currently 157 Apartments for Rent in Schaumburg, IL with pricing that ranges from $782 to $9,110. There are also 203 Single Family Homes for rent, Condos, and Townhome rentals currently available in Schaumburg ranging from $1,400 to $6,450.
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 $1,400 to $6,450 with an average monthly rent of $2,754.
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 $782 to $9,110, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $5,795. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $2,277.
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

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.

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

Best Neighborhoods to Rent in Near Chicago's Top Employers
Written by: Nicole Harms
Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.