Average Rent in Schaumburg, IL

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Current Versus Historical Schaumburg, IL Rents

Schaumburg rentals average $2,201 for a 1-bedroom rental to $3,350 for a 4-bedroom rental. The median price of all currently available listings is $2,289, or roughly $2 per square feet.

For the apartment units and housing in November 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $2 (-11.36%) year-over-year from $15 to $13. 1-bedroom rentals prices have increased by $242 (12.34%) year-over-year from $1,959 to $2,201. 2-bedroom rentals prices have increased by $57 (2.62%) year-over-year from $2,166 to $2,223. 3-bedroom rentals prices have increased by $192 (7.64%) year-over-year from $2,508 to $2,700. 4-bedroom rentals prices have increased by $118 (3.66%) year-over-year from $3,232 to $3,350. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone up by 4.16% this month. 2-bedroom rents have gone down by 4.31% this month. 3-bedroom rents have gone down by 2.70% this month. 4-bedroom rents have gone up by 2.03% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$3.00	$2,201	$1,959 (12.34%)	$1,657 (32.80%)
2 BR	$1.96	$2,223	$2,166 (2.62%)	$1,764 (26.03%)
3 BR	$1.67	$2,700	$2,508 (7.64%)	$2,171 (24.38%)
4+ BR	$1.98	$3,350	$3,232 (3.66%)	$2,652 (26.32%)

Historical Rents in Schaumburg, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Schaumburg

Let's compare Schaumburg, IL's rent against other top cities nearby by bedroom size.

City	Studio	1 Bed	2 Bed	All

Top Neighborhoods Near Schaumburg

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Schaumburg

The average rent for rentals in these counties is $2,250. That's roughly around $2 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Schaumburg, IL. It's average rent per month is $2,250. Vice versa, with an average rent of $2,250, Schaumburg, IL is the most expensive county by Schaumburg, IL.

In comparison, rent for one bedroom listings in Schaumburg, IL is 3.18% more expensive than other counties nearby. Finally, rent for two bedrooms in Schaumburg, IL is 6.67% more expensive than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Schaumburg, IL	N/A	$2,131	$2,100	$2,250

Top Zipcodes Near Schaumburg

You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Schaumburg Average Rents

What is the average rent price in Schaumburg, IL?

The average monthly rental price for Schaumburg, IL apartments for rent is approximately $2,289. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Schaumburg, IL rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Schaumburg, IL.

How much is a studio apartment in Schaumburg, IL?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Schaumburg.

How much is a one bedroom apartment in Schaumburg, IL?

The average monthly rental price for one bedroom apartments is $2,201 and an average price per square feet of $3.00. There are a total of 29 one bedroom apartment listings currently available for rent in Schaumburg.

How much is a two bedroom apartment in Schaumburg, IL?

The average monthly rental price for two bedroom apartments is $2,250 and an average price per square feet of $1.96. There are a total of 43 two bedroom apartment listings currently available for rent in Schaumburg.

How have rent prices in Schaumburg, IL changed this year?

Rent prices for rentals in Schaumburg, IL can fluctuate yearly. Specifically, studio rental prices have changed by -0.11%, one bedroom rental prices have changed by 0.12%, two bedroom rental prices have changed by 0.03%, and three bedroom rental prices have changed by 0.08% year-over-year.

What is a reasonable rent price in Schaumburg, IL?

A reasonable rent price in Schaumburg, IL is around $1,831/month. You can search for these reasonably priced rental listings on RentHop.