Cheap Homes for Rent in Schaumburg, IL from $1,300 (43 Rentals)

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property at 520 Hill Dr

520 Hill Dr, Unit 304

520 Hill Dr
Hoffman EstatesIL60169

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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 181 Inverness Ct

181 Inverness Ct

Elk Grove VillageIL60007
property at 33 Azalea Dr

33 Azalea Dr

SchaumburgIL60173

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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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 East Streamwood 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,2BA$1,150
Orchard Hills ApartmentsA1BR,1BA$1,195
Plum GroveTwo Room StudioStudio,1BA$1,300
Colonial VillageOne Bedroom, Standard1BR,1BA$1,355
Village in the Park ApartmentsHawthorne1BR,1BA$1,415
Hoffman Hills Apartments1 Bed 1 Bath Remodel1BR,1BA$1,475
Village Park Apartments, LLCA1/3-700-X1BR,1BA$1,495
21 Kristin1x1P - (Partial)1BR,1BA$1,499
Willow Crossing ApartmentsLily1BR,1BA$1,509
Barrington Lakes ApartmentsOne Bedroom1BR,1BA$1,510

Best Value Apartments for Rent in Schaumburg, IL

As of May 19, 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 Algonquin Model at The Preserve at Woodfield starting at $2,400 with a $1.85 price per square foot in the Des Plaines Arlington Hts Corridor 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
The Preserve at WoodfieldAlgonquin3BR,2BA$1.85
Woodbury Place Apartments3 Bedroom Floor Plan C23BR,2BA$2.07
Willow Bend ApartmentsKing Charles2BR,1.5BA$2.10
Barrington Lakes ApartmentsTwo Bedroom Split2BR,2BA$1.87
Orchard Hills ApartmentsD2BR,1BA$1.67
Hanover Park Blu ApartmentsThe Barrington2BR,1BA$1.86
Colonial VillageOne Bedroom, Standard1BR,1BA$1.72
The Grove at Schaumburg ApartmentsPoppy1BR,1BA$2.12
Willow Crossing ApartmentsLily1BR,1BA$2.16

Quick Rent Budget Calculator

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Frequently Asked Questions about Schaumburg

What type of rentals are currently available in Schaumburg?

There are currently 160 Apartments for Rent in Schaumburg, IL with pricing that ranges from $1,150 to $7,768. There are also 171 Single Family Homes for rent, Condos, and Townhome rentals currently available in Schaumburg ranging from $1,350 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 $1,350 to $6,950 with an average monthly rent of $2,828.

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 $1,860 to $7,768, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,550 to $4,500. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $3,510.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.