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City Report · IL

Barrington

Pop. 11,077·17th most expensive in Illinois·Rental market data updated monthly for Barrington, IL
Median rent (all units)
$2,487/mo
Year-over-Year
Stable
Month-over-Month
+0.9%
vs US Median
+$522
Rising (Monthly)
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Most AffordableMost Expensive
Barrington · $2,487
More expensive than 79% of US cities · National median $1,965/mo
Affordability
20% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $2,487/mo, rent takes about 20% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$99,000/yr
Local median income
$147,989/yr
Based on the 30%-of-income rule using Barrington's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$2,190
1 BR
$2,340
2 BR
$2,640
3 BR
$3,390
4 BR+
$3,980
Research median
$2,640/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$29,844/yr
At $2,487/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.0% YoY, +0.9% MoM), not inventory.
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Demographics

Who lives here

Barrington, IL is majority owner-occupied, has a large retiree population, has a median income above the national average, 68% of residents hold a bachelor's degree or higher.

Population
11,077
Median income
$147,989
Median age
43.9
Renters
21.6%
Age distribution
28.8%
27.9%
12.8%
22.1%
Under 1828.8%
18–348.4%
35–5427.9%
55–6412.8%
65+22.1%
Gender
46.3%
53.7%
Male46.3%
Female53.7%
Race & ethnicity
83.2%
White83.2%
Black1.3%
Hispanic4.1%
Asian7.9%
Other3.4%
Education (25+)
18.8%
68%
No HS diploma4.6%
HS diploma8.6%
Some college18.8%
Bachelor's+68%
Housing tenure
78.4%
21.6%
Owner78.4%
Renter21.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Barrington, IL has changed in 5 years

Income
$126,250 → $147,989
up 17.2%
Population
11,174 → 11,077
down 0.9%
Renter share
23.8% → 21.6%
-2.2 pts
Bachelor's+
70.8% → 68%
-2.8 pts
Median age
40.8 → 43.9
+3.1 yrs

Household income in the area moved from $126,250 to $147,989 across the same window, up 17.2% versus 2021. About 21.6% of households rent today, against 23.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 70.8% to 68%.

Community

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View Barrington rent history (2015–2026) →
Salary vs rent

Can you afford rent in Barrington on your salary?

At $2,487/mo, how Barrington rent compares to typical pay (30% rule).

By apartment size

Barrington rent by bedroom count

Median rent for each apartment size in Barrington. Click any size for full breakdown.

Local insights

Tips for renters in Barrington

About renting in Barrington, IL

Last updated: July 20, 2026

The median rent in Barrington is $2,487/mo as of July 2026. A studio apartment averages $2,190/mo while a 2-bedroom runs $2,640/mo. One-bedroom apartments average $2,340/mo and 3-bedroom units go for $3,390/mo.

At 20% of local median household income ($147,989/yr), Barrington ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Barrington an affordable city for renters?

Barrington is considered very affordable for renters. At $2,487/mo, rent takes approximately 20% of the local median household income ($147,989/yr). The standard benchmark is 30%. Barrington falls comfortably within that range.

How much income do you need to rent in Barrington?

To keep rent at or below 30% of gross income, you would need to earn at least $99,000/year (~$48/hour full-time) to afford the median rent of $2,487/mo in Barrington. The local median household income is $147,989/yr, meaning the typical Barrington household meets that threshold.

Is rent going up or down in Barrington?

Rent in Barrington has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Barrington rent compare to other cities in Illinois?

Barrington is one of the pricier cities in Illinois for rent, ranking #17 out of 142 tracked cities at $2,487/mo.

Which nearby cities are cheaper to rent in than Barrington?

Several nearby cities have lower median rents than Barrington ($2,487/mo): Palatine ($1,990/mo), Hoffman Estates ($2,032/mo), Schaumburg ($2,099/mo).

What percentage of Barrington residents rent vs. own?

According to Census data, approximately 21.6% of Barrington households are renters, while 78.4% are owner-occupied. Barrington leans toward homeownership, which can mean a smaller rental inventory.

How does Barrington rent compare to the national average?

Barrington's median rent of $2,487/mo is $522 (27%) above the US national median of $1,965/mo. Within Illinois, it ranks #17 out of 142 tracked cities.
Income Affordability
20%
VERY AFFORDABLE

At $2,487/mo, rent takes ~20% of Barrington's median household income ($147,989/yr). The standard benchmark is 30%.

Barrington 20%Benchmark 30%
State income tax4.95%
Run the Barrington affordability calculator →
Lowest-rent ZIP codes in Barrington
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Barrington, IL

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