
Cheap Homes for Rent in Schaumburg, IL from $1,300 (41 Rentals)
Search the lowest-cost Homes available for rent right now in Schaumburg.


520 Hill Dr, Unit 304

1793 Queensbury Cir

1931 Prairie Square

1120 Copperfield Ln

1806 Hemlock Pl, Unit 210

1075 Knoll Ln

5101 Carriage Way Dr

929 Casey Ct

1423 Fremont Dr
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.

2612 Pirates Cove

925 Casey Ct, Unit 5

300 S Roselle Rd

746 Prescott Dr, Unit 304

1463 Mercury Dr

1806 Hemlock Pl, Unit #206

1460 Fairlane Dr

326 Palisades Point

1912 Prairie Square

925 Casey Ct
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.

181 Inverness Ct

22 Burberry Cir

1650 Lincoln Meadows Cir

90 Lincoln Meadows Dr

1650 Burberry Ln

1690 Lincoln Meadows Cir

1711 Wildflower Ct

33 Azalea Dr

2640 Pirates Cove

1001 Buccaneer Dr, Unit 3
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.

585 Heritage Dr

911 Yosemite Trail

4400 Euclid Ave

1484 Cornell Terrace

116 Cotuit Ct

1028 Quanset Ct

520 Biesterfield Rd

1404 Tonset Ln

5200 Carriage Way Dr

971 Yosemite Trail
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

1365 Fremont 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 | $2,252 | $1,575 | $3,700 |
Schaumburg 3 Bedroom Homes for Rent | $2,822 | $1,550 | $4,500 |
Schaumburg 4 Bedroom Homes for Rent | $3,836 | $3,000 | $6,950 |
Schaumburg 5 Bedroom Homes for Rent | $4,700 | $2,900 | $6,500 |
Browse Top Homes for Rent in Schaumburg
Explore Schaumburg
Schaumburg, IL Local Guide
- Schaumburg Neighborhoods
- Nearby Cities
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- 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 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Enclave Apartments of Hoffman Estates | Studio | Studio,2BA | $1,150 |
Orchard Hills Apartments | A | 1BR,1BA | $1,195 |
Plum Grove | Two Room Studio | Studio,1BA | $1,300 |
Colonial Village | One Bedroom, Standard | 1BR,1BA | $1,355 |
Village in the Park Apartments | Hawthorne | 1BR,1BA | $1,415 |
Hoffman Hills Apartments | 1 Bed 1 Bath Remodel | 1BR,1BA | $1,475 |
Village Park Apartments, LLC | A1/3-700-X | 1BR,1BA | $1,495 |
21 Kristin | 1x1P - (Partial) | 1BR,1BA | $1,499 |
Willow Crossing Apartments | Lily | 1BR,1BA | $1,509 |
Barrington Lakes Apartments | One Bedroom | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Roselle Station Apartments | 2BR/2.0BA | 2BR,2BA | $1.84 |
The Preserve at Woodfield | Algonquin | 3BR,2BA | $1.85 |
Woodbury Place Apartments | 3 Bedroom Floor Plan C2 | 3BR,2BA | $2.07 |
Willow Bend Apartments | King Charles | 2BR,1.5BA | $2.10 |
Barrington Lakes Apartments | Two Bedroom Split | 2BR,2BA | $1.87 |
Orchard Hills Apartments | D | 2BR,1BA | $1.67 |
Hanover Park Blu Apartments | The Barrington | 2BR,1BA | $1.86 |
Colonial Village | One Bedroom, Standard | 1BR,1BA | $1.72 |
The Grove at Schaumburg Apartments | Poppy | 1BR,1BA | $2.12 |
Willow Crossing Apartments | Lily | 1BR,1BA | $2.16 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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 165 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.

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.

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.

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.

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.