Rents are right about where Schaumburg's 10-year trend predicts.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,125 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in Schaumburg usually run 1.2% below trend in January and 1% above it in July, about $47 a month apart at today's median. Based on 11 years of data.
Rent in Schaumburg is at its highest level since Zillow's records here began in January 2015.
Rent in Schaumburg changed +4.0% over the year to September 2026. Across the 94 Illinois cities Zillow tracks, the typical change was +4.0%.
From 2019 to 2024, rent in Schaumburg rose 38% while median household income rose 17.4% ($83,096 to $97,514). Rent outpaced income.
Rent in Schaumburg is 46% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 5 months in a row, and rose in 10 of the last 12 months.
30% of the median household income ($97,514) is $2,438 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,197); a 3-bedroom is $2,820.
The priciest of 3 ZIP codes in Schaumburg, 60173 ($2,140/mo), costs 20% more than the cheapest, 60195 ($1,788/mo).
Elk Grove Village, 5 miles away, rents for 14% less ($1,833/mo), about $3,500 a year in savings.
From Zillow's monthly rent index (ZORI) for Schaumburg. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Schaumburg, IL is majority owner-occupied, has a median income above the national average, 50.4% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Schaumburg, IL has changed in 5 years
Compared with 2021, rent in Schaumburg, IL has increased by $605 per month, settling near $2,125 after starting the period at $1,520. On the earnings side, the typical household in Schaumburg, IL now reports about $97,514, up from $85,147 in 2021. Rent outpaced income growth by roughly 25.3 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 78,053 to 76,868 between 2021 and 2024, a 1.5% change. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Schaumburg, IL reflects that arc in its own way.
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Can you afford rent in Schaumburg on your salary?
At $2,125/mo, how Schaumburg rent compares to typical pay (30% rule).
Schaumburg rent by bedroom count
Median rent for each apartment size in Schaumburg. Click any size for full breakdown.
Tips for renters in Schaumburg
Last updated: October 17, 2026
The median rent in Schaumburg is $2,125/mo as of October 2026. A studio apartment averages $1,817/mo while a 2-bedroom runs $2,197/mo. One-bedroom apartments average $1,947/mo and 3-bedroom units go for $2,820/mo.
At 26% of local median household income ($97,514/yr), Schaumburg ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.0% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Schaumburg?
At $2,125/mo, rent takes ~26% of Schaumburg's median household income ($97,514/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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