Cheap Homes for Rent in Schaumburg, IL from $1,600 (51 Rentals)

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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 Hoffman Hills Apartments in the East Streamwood neighborhood priced from $1,145. Enclave Apartments of Hoffman Estates in the East Streamwood neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,150. Here is today’s list of the most affordable Schaumburg apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hoffman Hills ApartmentsStudioStudio,1BA$1,145
Enclave Apartments of Hoffman EstatesStudioStudio,1BA$1,150
Orchard Hills ApartmentsA1BR,1BA$1,195
Plum GroveTwo Room StudioStudio,1BA$1,300
Colonial VillageOne Bedroom, Standard1BR,1BA$1,355
Hanover Park Blu ApartmentsThe Lincoln1BR,1BA$1,370
The Preserve at WoodfieldElk1BR,1BA$1,425
21 Kristin1Ax1R1BR,1BA$1,439
Barrington Lakes ApartmentsOne Bedroom1BR,1BA$1,465
Village in the Park ApartmentsForrester1BR,1BA$1,470

Best Value Apartments for Rent in Schaumburg, IL

As of March 22, 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 3x2Pier Model at The Ponds on Plum Grove starting at $2,165 with a $1.84 price per square foot in the Far Northwest Suburban Cook 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 Ponds on Plum Grove3x2Pier3BR,2BA$1.84
Willow Bend ApartmentsBichon2BR,1.5BA$2.06
Woodbury Place Apartments2 Bedroom Floor Plan B12BR,1BA$1.83
ReNew Poplar CreekBishop2BR,1BA$1.89
Orchard Hills ApartmentsD2BR,1BA$1.67
Barrington Lakes ApartmentsOne Bedroom1BR,1BA$1.80
The Preserve at WoodfieldElk1BR,1BA$1.78
Colonial VillageOne Bedroom, Standard1BR,1BA$1.72
Hanover Park Blu ApartmentsThe Lincoln1BR,1BA$2.03

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Frequently Asked Questions about Schaumburg

What type of rentals are currently available in Schaumburg?

There are currently 162 Apartments for Rent in Schaumburg, IL with pricing that ranges from $1,015 to $8,622. There are also 123 Single Family Homes for rent, Condos, and Townhome rentals currently available in Schaumburg ranging from $1,550 to $3,750.

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 $1,550 to $3,750 with an average monthly rent of $2,777.

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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.