Schaumburg, IL Rental Market Trends
What is the average rent in Schaumburg?
The average rent for an apartment in Schaumburg is $1,808. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Schaumburg, IL
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $1,808 | 845 sq. ft. |
What is the average apartment size in Schaumburg?
The average size for a Schaumburg, IL apartment is 845 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Schaumburg, IL apartment rent ranges
Schaumburg, IL Occupied Housing Units
12,416 or 39% of the households in Schaumburg, IL are renter-occupied while 19,561 or 61% are owner-occupied.
Schaumburg, IL rent trends
Average Rent in Schaumburg, IL By Neighborhood
| City | Average Rent |
|---|---|
| Wilmette | $3,830 |
| Park Ridge | $2,685 |
| Orland Park | $2,515 |
| Barrington | $2,492 |
| Evanston | $2,424 |
| Morton Grove | $2,421 |
| Matteson | $2,409 |
| Orland Hills | $2,353 |
| Glenview | $2,341 |
| Chicago | $2,251 |
| Oak Park | $2,149 |
| Countryside | $2,076 |
| La Grange | $2,076 |
| McCook | $2,076 |
| Northbrook | $2,043 |
| Skokie | $1,903 |
| Wheeling | $1,844 |
| Des Plaines | $1,839 |
| Tinley Park | $1,836 |
| Arlington Heights | $1,824 |
| Palatine | $1,772 |
| Rolling Meadows | $1,716 |
| Hillside | $1,640 |
| Elk Grove Village | $1,599 |
| Hoffman Estates | $1,574 |
| Mount Prospect | $1,572 |
| Niles | $1,541 |
| Harwood Heights | $1,481 |
| Norridge | $1,481 |
| Burbank | $1,473 |
| Park Forest | $1,460 |
| Oak Lawn | $1,407 |
| Justice | $1,361 |
| Oak Forest | $1,348 |
| La Grange Park | $1,332 |
| Alsip | $1,268 |
| Merrionette Park | $1,268 |
| Forest Park | $1,185 |
| Lyons | $1,185 |
| Chicago Ridge | $1,172 |
| Lansing | $1,150 |
| Hazel Crest | $1,144 |
| Calumet City | $1,089 |
| Steger | $1,084 |
| Crestwood | $1,060 |
| Midlothian | $1,060 |
| Blue Island | $1,046 |
| Melrose Park | $1,004 |
| Chicago Heights | $983 |
| Lynwood | $983 |
| South Chicago Heights | $983 |
| Northlake | $975 |
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What are the most affordable neighborhoods in Schaumburg?
The most affordable neighborhoods in Schaumburg are Northlake, where the average rent goes for $975/month, Chicago Heights, where renters pay $983/mo on average, and Lynwood, where the average rent goes for $983/mo. If you’re looking for other great deals, check out the listings from South Chicago Heights ($983), Melrose Park ($1,004), and Blue Island ($1,046), where the asking prices are below the average Schaumburg rent of $1,808/mo.
What are the most expensive neighborhoods in Schaumburg?
The most expensive neighborhoods in Schaumburg are Orland Park ($2,515), Park Ridge ($2,685) and Wilmette ($3,830).
What are the most popular neighborhoods in Schaumburg?
The most popular neighborhood in Schaumburg is Chicago, where there are 69 listings with an average rent of $2,251. Next up is Blue Island, where apartments go for $1,046/month, followed by Calumet City with $1,089 If you’re looking to rent in Schaumburg’s most popular neighborhoods, make sure to also check out Elk Grove Village, where renters pay $1,599 on average, and Evanston, where the average monthly rent is $2,424.
Schaumburg | Rent Comparison by Neighborhood
Rent in Alsip is 30% lower than in Arlington Heights
$1,268
Alsip rent is 30% lower than Schaumburg average
Average Rent
$1,268
$1,824
Arlington Heights rent is 1% higher than Schaumburg average
Average Rent
$1,824
How Schaumburg Compares to Other Cities
| State | Average Rent |
|---|---|
| Chicago | $2,251 |
| Bloomington | $1,125 |
| Elmhurst | $2,048 |
| Schaumburg | $1,808 |
| Aurora | $1,737 |
| Buffalo Grove | $1,951 |
| Calumet City | $1,089 |
| Crest Hill | $1,322 |
| Deerfield | $2,507 |
| Hanover Park | $1,472 |
| North Aurora | $1,570 |
| West Chicago | $1,464 |
| Wheaton | $1,951 |
| Elk Grove Village | $1,599 |
What is the average price for a storage unit in Schaumburg?
The average rent for a non-climate-controlled 10'x10' storage unit in Schaumburg is $137.06. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
