At $2,490/mo, rent takes about 30% of the local median household income, slightly above the 30% benchmark.
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 $2,490 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
Rent in Streamwood changed +5.1% over the year to September 2026. Across the 94 Illinois cities Zillow tracks, the typical change was +4.0%.
Rent has risen 5 months in a row, and rose in 10 of the last 12 months.
30% of the median household income ($101,218) is $2,530 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,380); a 3-bedroom is $3,060.
Hoffman Estates, 4 miles away, rents for 18% less ($2,039/mo), about $5,400 a year in savings.
From Zillow's monthly rent index (ZORI) for Streamwood. 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
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Streamwood, IL has changed in 5 years
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.
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At $2,490/mo, how Streamwood rent compares to typical pay (30% rule).
Streamwood rent by bedroom count
Median rent for each apartment size in Streamwood. Click any size for full breakdown.
Tips for renters in Streamwood
Last updated: October 17, 2026
The median rent in Streamwood is $2,490/mo as of October 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 30% of local median household income ($101,218/yr), Streamwood ranks as moderate compared to the national benchmark of 30%. Rents have increased 5.1% over the past year.
Frequently asked questions
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How does Streamwood rent compare to other cities in Illinois?
Which nearby cities are cheaper to rent in than Streamwood?
At $2,490/mo, rent takes ~30% of Streamwood's median household income ($101,218/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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