Seasons at Hoffman Estates
1800 Autumn Dr,
Hoffman Estates, IL 60169
Studio - 3 Beds | $1,805 - $3,295
Rental Market Trends in Schaumburg, IL
What is the average rent in Schaumburg, IL?
$1,781/month
Average Rent
740 Sq Ft
Average Apartment Size
+6.3%
Increase in the Last Year
As of December 2024, the average rent in Schaumburg, IL is $1,781 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Schaumburg rent prices are 14% higher than the national average. When you rent an apartment in Schaumburg, you can expect to pay about $1,547 per month for a studio, $1,781 for a one-bedroom apartment, and around $2,144 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,363 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Schaumburg, IL?
In the past year, rent has increased by 6.3%, which averages out to $113 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Schaumburg, IL
Last Updated December 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
63%
$1,501 - $2,000/month
37%
Above $2,000/month
What salary do I need to live comfortably in Schaumburg, IL?
Because the average rent in Schaumburg is $1,781, you’ll want to make about $5,936 per month or $71,232 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Schaumburg, IL compare to other nearby cities and neighborhoods?
Use the tool below to compare Schaumburg, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
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29
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The Finger Companies
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RPM
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623
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BH
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324
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90,582
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196
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1 Community in Schaumburg
Morgan Properties
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314
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94,821
Units
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192
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1 Community in Schaumburg
Trinity Property Consultants
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161
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43,134
Units
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102
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1 Community in Schaumburg
Buckingham Companies
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33
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10,148
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21
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.