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City Report · IL

Streamwood

Pop. 39,001·20th most expensive in Illinois·Streamwood rents are up 13.6% over the past year
Median rent (all units)
$2,475/mo
Year-over-Year
+13.6%
Month-over-Month
+6.4%
vs US Median
+$510
Rising (Monthly)
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Most AffordableMost Expensive
Streamwood · $2,475
More expensive than 79% of US cities · National median $1,965/mo
Affordability
29% of income
AFFORDABLE
0%30% benchmark60%+

At $2,475/mo, rent takes about 29% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$99,000/yr
Local median income
$101,218/yr
Based on the 30%-of-income rule using Streamwood's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,970
1 BR
$2,110
2 BR
$2,380
3 BR
$3,060
4 BR+
$3,590
Research median
$2,380/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
$29,700/yr
At $2,475/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 13.6% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+13.6% YoY, +6.4% MoM), not inventory.
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Demographics

Who lives here

Streamwood, IL is majority owner-occupied, has a median income above the national average, 27.8% of residents hold a bachelor's degree or higher.

Population
39,001
Median income
$101,218
Median age
40
Renters
11%
Age distribution
22.9%
20.1%
28.6%
13.4%
15%
Under 1822.9%
18–3420.1%
35–5428.6%
55–6413.4%
65+15%
Gender
50.1%
49.9%
Male50.1%
Female49.9%
Race & ethnicity
38.8%
40.7%
14.5%
White38.8%
Black5.1%
Hispanic40.7%
Asian14.5%
Other1%
Education (25+)
14.5%
31.7%
26%
27.8%
No HS diploma14.5%
HS diploma31.7%
Some college26%
Bachelor's+27.8%
Housing tenure
89%
Owner89%
Renter11%

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

2021 vs 2026

How Streamwood, IL has changed in 5 years

Income
$88,824 → $101,218
up 14.0%
Population
39,736 → 39,001
down 1.8%
Renter share
14.5% → 11%
-3.5 pts
Bachelor's+
27.2% → 27.8%
+0.6 pts
Median age
38.1 → 40
+1.9 yrs

Census figures show median household income at $101,218 today, compared with $88,824 five years earlier. Headcount in the area went from 39,736 to 39,001 between 2021 and 2024, a 1.8% change. About 11% of households rent today, against 14.5% in 2021.

Community

Discussions about Streamwood

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

Can you afford rent in Streamwood on your salary?

At $2,475/mo, how Streamwood rent compares to typical pay (30% rule).

By apartment size

Streamwood rent by bedroom count

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

Local insights

Tips for renters in Streamwood

About renting in Streamwood, IL

Last updated: July 20, 2026

The median rent in Streamwood is $2,475/mo as of July 2026. A studio apartment averages $1,970/mo while a 2-bedroom runs $2,380/mo. One-bedroom apartments average $2,110/mo and 3-bedroom units go for $3,060/mo.

At 29% of local median household income ($101,218/yr), Streamwood ranks as affordable compared to the national benchmark of 30%. Rents have increased 13.6% over the past year.

FAQ

Frequently asked questions

Is Streamwood an affordable city for renters?

Streamwood is considered affordable for renters. At $2,475/mo, rent takes approximately 29% of the local median household income ($101,218/yr). The standard benchmark is 30%. Streamwood falls comfortably within that range.

How much income do you need to rent in Streamwood?

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 $2,475/mo in Streamwood. The local median household income is $101,218/yr, meaning the typical Streamwood household meets that threshold.

Is rent going up or down in Streamwood?

Rent in Streamwood has increased 13.6% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Streamwood rent compare to other cities in Illinois?

Streamwood is one of the pricier cities in Illinois for rent, ranking #20 out of 142 tracked cities at $2,475/mo.

Which nearby cities are cheaper to rent in than Streamwood?

Several nearby cities have lower median rents than Streamwood ($2,475/mo): Hoffman Estates ($2,032/mo), Schaumburg ($2,099/mo), Bartlett ($2,162/mo).

What percentage of Streamwood residents rent vs. own?

According to Census data, approximately 11% of Streamwood households are renters, while 89% are owner-occupied. Streamwood leans toward homeownership, which can mean a smaller rental inventory.

How does Streamwood rent compare to the national average?

Streamwood's median rent of $2,475/mo is $510 (26%) above the US national median of $1,965/mo. Within Illinois, it ranks #20 out of 142 tracked cities.
Income Affordability
29%
AFFORDABLE

At $2,475/mo, rent takes ~29% of Streamwood's median household income ($101,218/yr). The standard benchmark is 30%.

Streamwood 29%Benchmark 30%
State income tax4.95%
Run the Streamwood affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Streamwood, IL

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