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 $2,119 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: August 17, 2026
Is your rent fair?
Compare your rent to the local median.
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 $586 per month, settling near $2,119 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 23.7 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.
Discussions about Schaumburg
No discussions yet. Start the conversation.
Can you afford rent in Schaumburg on your salary?
At $2,119/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: August 17, 2026
The median rent in Schaumburg is $2,119/mo as of August 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 1.6% over the past year.
Frequently asked questions
Is Schaumburg an affordable city for renters?
How much income do you need to rent in Schaumburg?
Is rent going up or down in Schaumburg?
Which Schaumburg neighborhoods have the lowest rent?
How does Schaumburg rent compare to other cities in Illinois?
Which nearby cities are cheaper to rent in than Schaumburg?
What percentage of Schaumburg residents rent vs. own?
How does Schaumburg rent compare to the national average?
At $2,119/mo, rent takes ~26% of Schaumburg's median household income ($97,514/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Estimated from ZIP-level data
Be the first to submit your rent for Schaumburg.
No discussions yet.
