How much does it cost to rent in Schaumburg, IL?

As of July 2026, the median monthly rent in Schaumburg, IL is $2,099. This figure is based on aggregated data from public sources and community-submitted rents.

Is Schaumburg cheaper than other Illinois cities?

Schaumburg falls in the middle range for Illinois, ranking #56 out of 142 cities at $2,099/mo.

When was Schaumburg rent data last updated?

Schaumburg rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · IL

Schaumburg

Name: Average Rent Prices in Schaumburg, IL
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 76,868·56th most expensive in Illinois·Rental market data updated monthly for Schaumburg, IL

Median rent (all units)

$2,099/mo

Year-over-Year

+0.6%

Month-over-Month

+0.6%

vs US Median

+$134

Rising (Monthly)

Be the first to discuss Schaumburg rents ↓

Most AffordableMost Expensive

Schaumburg · $2,099

More expensive than 64% of US cities · National median $1,965/mo

Rent Reality Score

48/100

Fairly priced

OverheatedFairGreat value

Rents are right about where Schaumburg's 10-year trend predicts.

Actual rent

$2,099/mo

Expected by trend

$2,073/mo

The Rent Reality Score compares today's median rent to where Schaumburg's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,817

1 BR

$1,947

2 BR

$2,197

3 BR

$2,820

4 BR+

$3,313

Research median

$2,197/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$25,188/yr

At $2,099/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 (+0.6% YoY, +0.6% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

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.

Population

76,868

Median income

$97,514

Median age

39.6

Renters

37.1%

Age distribution

23.2%

19.4%

29%

17.1%

Under 1823.2%

18–3419.4%

35–5429%

55–6411.4%

65+17.1%

Gender

49.4%

50.6%

Male49.4%

Female50.6%

Race & ethnicity

55%

12.7%

23.9%

White55%

Black5.8%

Hispanic12.7%

Asian23.9%

Other2.7%

Education (25+)

19.1%

26.2%

50.4%

No HS diploma4.3%

HS diploma19.1%

Some college26.2%

Bachelor's+50.4%

Housing tenure

62.9%

37.1%

Owner62.9%

Renter37.1%

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

2021 vs 2026

How Schaumburg, IL has changed in 5 years

Rent

$1,533 → $2,099

up 36.9%

Income

$85,147 → $97,514

up 14.5%

Population

78,053 → 76,868

down 1.5%

Renter share

38.5% → 37.1%

-1.4 pts

Bachelor's+

50.3% → 50.4%

+0.1 pts

Median age

38.7 → 39.6

+0.9 yrs

Compared with 2021, rent in Schaumburg, IL has increased by $566 per month, settling near $2,099 after starting the period at $1,533. 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 22.4 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.

Community

Discussions about Schaumburg

No discussions yet. Start the conversation.

View Schaumburg rent history (2015–2026) →

Salary vs rent

Can you afford rent in Schaumburg on your salary?

At $2,099/mo, how Schaumburg rent compares to typical pay (30% rule).

Registered Nurse

Avg $96,370/yr · Rent = 26.1% income

affordable

Elementary School Teacher

Avg $68,422/yr · Rent = 36.8% income

stretched

Police Officer

Avg $78,815/yr · Rent = 32% income

stretched

Software Developer

Avg $140,872/yr · Rent = 17.9% income

very comfortable

Lawyer

Avg $179,999/yr · Rent = 14% income

very comfortable

Firefighter

Avg $64,066/yr · Rent = 39.3% income

stretched

Truck Driver

Avg $57,844/yr · Rent = 43.5% income

rent-burdened

Electrician

Avg $71,298/yr · Rent = 35.3% income

stretched

By apartment size

Schaumburg rent by bedroom count

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

Local insights

Tips for renters in Schaumburg

About renting in Schaumburg, IL

Last updated: July 20, 2026

The median rent in Schaumburg is $2,099/mo as of July 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 0.6% over the past year.

FAQ

Frequently asked questions

Is Schaumburg an affordable city for renters?

Schaumburg is considered affordable for renters. At $2,099/mo, rent takes approximately 26% of the local median household income ($97,514/yr). The standard benchmark is 30%. Schaumburg falls comfortably within that range.

How much income do you need to rent in Schaumburg?

To keep rent at or below 30% of gross income, you would need to earn at least $84,000/year (~$40/hour full-time) to afford the median rent of $2,099/mo in Schaumburg. The local median household income is $97,514/yr, meaning the typical Schaumburg household meets that threshold.

Is rent going up or down in Schaumburg?

Rent in Schaumburg has increased 0.6% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Schaumburg neighborhoods have the lowest rent?

The most affordable ZIP codes in Schaumburg are 60195 ($1,911/mo), 60173 ($2,080/mo), and 60193 ($2,108/mo). Citywide, the median rent in Schaumburg is $2,099/mo.

How does Schaumburg rent compare to other cities in Illinois?

Schaumburg is middle-of-the-pack for Illinois for rent, ranking #56 out of 142 tracked cities at $2,099/mo.

Which nearby cities are cheaper to rent in than Schaumburg?

Several nearby cities have lower median rents than Schaumburg ($2,099/mo): Elk Grove Village ($1,781/mo), Rolling Meadows ($1,984/mo), Palatine ($1,990/mo).

What percentage of Schaumburg residents rent vs. own?

According to Census data, approximately 37.1% of Schaumburg households are renters, while 62.9% are owner-occupied. Schaumburg leans toward homeownership, which can mean a smaller rental inventory.

How does Schaumburg rent compare to the national average?

Schaumburg's median rent of $2,099/mo is $134 (7%) above the US national median of $1,965/mo. Within Illinois, it ranks #56 out of 142 tracked cities.

Income Affordability

26%

AFFORDABLE

At $2,099/mo, rent takes ~26% of Schaumburg's median household income ($97,514/yr). The standard benchmark is 30%.

Schaumburg 26%Benchmark 30%

State income tax4.95%

Run the Schaumburg affordability calculator →

Nearby cities