Rental market snapshot for Schaumburg, Illinois

Schaumburg, Illinois Rental Property Market Overview

Schaumburg, Illinois is a vibrant village located in the Chicago metropolitan area. According to the US Census, Schaumburg had a population of 77,082 in 2021. The village is home to a variety of attractions, including the Woodfield Mall, the Schaumburg Convention Center, and the Schaumburg Boomers baseball team. It is also home to a variety of businesses, including Motorola Solutions, Zurich North America, and Experian. With its diverse population and variety of attractions, Schaumburg is a great place to live and work.

The average rent for an apartment in Schaumburg is $2,031. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Schaumburg Illinois | Cost of Living

  • The most expensive ZIP code in Schaumburg is 60193 with an average price of $2,283.
  • The cheapest ZIP code in Schaumburg is 60195 with an average price of $1,710.

Schaumburg ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
160193$2,283
260194$2,097
360173$2,055
460195$1,710

Live near Schaumburg, Illinois's Top Sights and Attractions

Eagle Park is a large outdoor recreational area located in the suburbs of Illinois. It features a variety of activities for all ages, including a playground, walking trails, picnic areas, and a fishing pond. The park also has a large open field perfect for sports and other activities. There is also a pavilion with a stage for outdoor concerts and events. The park is surrounded by lush trees and greenery, making it a great spot to relax and enjoy nature.

Olympic Park is an outdoor recreational facility located in the suburbs of Chicago. It features a variety of attractions, including a large water park with a wave pool, a lazy river, and several water slides. There is also a mini golf course, batting cages, go-karts, and an arcade. The park also has a large picnic area, a playground, and a sand volleyball court.

Hoover Park is a sprawling park located in the suburbs of Chicago. It features a variety of outdoor activities, including a large playground, a fishing pond, a disc golf course, and a walking trail. The park also has a picnic area, a pavilion, and a gazebo. The park is a popular destination for families, as it offers plenty of space for kids to run and play.

Timbercrest Park is a sprawling outdoor recreational area located in the suburbs of Illinois. It features a variety of activities for visitors to enjoy, including a large playground, picnic areas, walking trails, and a fishing pond. The park also has a disc golf course, a sand volleyball court, and a basketball court. In addition, the park has a pavilion and a gazebo, perfect for hosting events or just relaxing in the shade. With its lush green grass and mature trees, Timbercrest Park is a great place to spend a day outdoors.

Spring Valley Nature Sanctuary is a beautiful outdoor oasis located in the suburbs of Illinois. It features over 200 acres of natural beauty, including woodlands, wetlands, and prairies. Visitors can explore the sanctuary's trails, observe wildlife, and learn about the area's natural history. The sanctuary also offers educational programs, special events, and volunteer opportunities.

Gray Farm Conservation Area is a nature preserve located in the suburbs of Chicago. It features a variety of outdoor activities, including hiking, biking, fishing, and bird watching. The area is home to a variety of wildlife, including deer, foxes, and a variety of birds. The trails are well-maintained and offer scenic views of the surrounding area. There is also a picnic area and a playground for children.

Margaret A Connelly Park is a beautiful outdoor space located in the suburbs of Illinois. It features a large pond, walking trails, and plenty of open green space for picnics and outdoor activities. The park also has a playground, basketball court, and a gazebo for special events. Visitors can also enjoy the scenic views of the surrounding area.

Volkening Park is a picturesque outdoor destination located in the suburbs of the Midwest. It features a variety of activities for visitors to enjoy, including a large lake, walking trails, picnic areas, and a playground. The park also offers a variety of educational programs, such as nature walks, bird watching, and astronomy classes. The park is home to a variety of wildlife, including birds, turtles, and fish. Visitors can also enjoy the park's many gardens, which feature a variety of native plants and flowers.

Meineke Park is a sprawling outdoor recreational area located in the suburbs of Illinois. It features a variety of activities for all ages, including a large lake for fishing, a playground, picnic areas, and a variety of sports fields and courts. The park also has a large pavilion, which can be rented for special events. The park is surrounded by lush green trees and is a great place to spend a day outdoors.

Atcher Park is a large outdoor recreational area located in the suburbs of Illinois. It features a variety of activities, including a large lake with a beach, a playground, a picnic area, and a walking path. The park also has a variety of sports facilities, including basketball and tennis courts, a baseball diamond, and a soccer field. There are also several shelters and pavilions available for rent, making it a great spot for family gatherings and special events.

Schaumburg, Illinois area median rent change by ZIP code map

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How does Schaumburg compare to other cities in Illinois?

citymedian price
Lake Forest$5,544
Pingree Grove$2,695
Shorewood$2,585
Norridge$2,395
Joliet$2,100
Lindenhurst$1,950
Morton$1,330
Highland$985
Rantoul$726

Average household income in Schaumburg area graph - US Census

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The median household income in Schaumburg in 2021 was $85,147. This represents a 21.5% change from 2011 when the median was $70,060.

#categorypercent
0Less than $10,0003.3%
1$10,000 to $14,9992.5%
2$15,000 to $19,9991.9%
3$20,000 to $24,9993.1%
4$25,000 to $29,9992.3%
5$30,000 to $34,9992.9%
6$35,000 to $39,9992.5%
7$40,000 to $44,9994.0%
8$45,000 to $49,9993.5%
9$50,000 to $59,9996.6%
10$60,000 to $74,99911.8%
11$75,000 to $99,99917.3%
12$100,000 to $124,99911.2%
13$125,000 to $149,9998.6%
14$150,000 to $199,99910.2%
15$200,000 or more8.1%

Neighborhoods in Schaumburg

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in Schaumburg is $2,031.
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