
Cheap Homes for Rent in Schaumburg, IL from $1,300 (39 Rentals)
Search the lowest-cost Homes available for rent right now in Schaumburg.


1460 Fairlane Dr

290 Green Knoll Ln

1075 Valley Ln, Unit Unit 309

745 Hill Dr

1463 Mercury Dr

1956 Hastings Dr
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.

56 N Victoria Ln

36 Gant Cir

1463 Mercury Dr

555 Hill Dr, Unit 207

56 N Victoria Ln

3335 Kirchoff Rd

78 N Victoria Ln, Unit F

912 S Plum Grove Rd

733 Limerick Ln
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.

742 Edgelake Point

1681 Queensbury Cir

1631 Buttonwood Cir

5011 Valley Ln

5815 Wilshire Ct

1001 Buccaneer Dr

841 Cross Creek Ct

27 N Victoria Ln

636 Forum Dr

1106 New Wilke Rd
The 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.

2980 Northampton Dr

960 Yosemite Trail

1671 E Greenbriar Dr

1672 Cornell Dr

1423 Sacramento Dr

109 Gant Cir

1672 Cornell Dr

34 N Salem Dr
Cash 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.

1423 Sacramento Dr

36 Tonset Ct, Unit 36

3275 Kirchoff Rd

5000 Carriage Way Dr
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 | $2,227 | $1,600 | $3,200 |
Schaumburg 3 Bedroom Homes for Rent | $2,980 | $1,500 | $6,495 |
Schaumburg 4 Bedroom Homes for Rent | $3,397 | $2,599 | $6,950 |
Schaumburg 5 Bedroom Homes for Rent | $4,416 | $3,750 | $4,900 |
Browse Top Homes for Rent in Schaumburg
Explore Schaumburg
Schaumburg, IL Local Guide
- Schaumburg Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- 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 |
Plum Grove | Two Room Studio | Studio,1BA | $1,300 |
Barrington Lakes Apartments | Studio | Studio,1BA | $1,365 |
The Preserve at Woodfield | Elk | 1BR,1BA | $1,375 |
Village in the Park Apartments | Whitney studio | Studio,1BA | $1,410 |
Village Park Apartments, LLC | A1/3-700-X | 1BR,1BA | $1,450 |
Fieldpointe of Schaumburg | Maple (A3) | 1BR,1BA | $1,499 |
The Grove at Schaumburg Apartments | Lily | 1BR,1BA | $1,503 |
Willow Crossing Apartments | Daisy | 1BR,1BA | $1,515 |
Best Value Apartments for Rent in Schaumburg, IL
As of September 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 Labrador Model at Willow Bend Apartments starting at $2,060 with a $1.65 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Roselle Station Apartments | 2BR/2.0BA | 2BR,2BA | $1.84 |
Willow Bend Apartments | Labrador | 2BR,1.5BA | $1.65 |
Orchard Hills Apartments | D | 2BR,1BA | $1.67 |
Hanover Park Blu Apartments | The Barrington | 2BR,1BA | $1.76 |
Woodbury Place Apartments | 1 Bedroom Floor Plan A1 | 1BR,1BA | $1.96 |
The Preserve at Woodfield | Elk | 1BR,1BA | $1.72 |
Savannah Trace Apartments | Tara | 1BR,1BA | $2.21 |
Colonial Village Apartments | One Bed | 1BR,1BA | $2.00 |
Village Grove Apartments - 62 + | 2nd Floor Premier | 1BR,1BA | $1.75 |
Hoffman Hills Apartments | 1 Bed 1 Bath Renovated | 1BR,1BA | $2.25 |
Quick Rent Budget Calculator
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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 159 Apartments for Rent in Schaumburg, IL with pricing that ranges from $1,150 to $8,421. There are also 230 Single Family Homes for rent, Condos, and Townhome rentals currently available in Schaumburg ranging from $1,500 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 $1,500 to $6,950 with an average monthly rent of $3,020.
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 $2,005 to $7,302, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $6,495. Four Bedroom Single-Family rentals are also available starting from $2,599 and Four Bedroom Apartments start at $6,067.
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.