Cheap Apartments For Rent In Schaumburg Il . Renting in schaumburg average size and rates studio 555 sq ft $1,327 / mo 1 bed 673 sq ft $1,504 / mo 2 beds 985 sq ft $1,966 / mo 3 beds 1,202 sq ft $2,046 / mo schaumburg, il cheap condos for rent schaumburg is a terrific choice for your new condo. 1 bedroom $1,155 to $1,430 available apr 30. Affordable Housing In Schaumburg Il Affordable Housing from philninness.blogspot.com Low rent apartments in schaumburg, illinois there are 97 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in schaumburg. Apartment rent in schaumburg has increased by 11.7% in the past year. It is located in schaumburg.