Rent to own Homes in Schaumburg, IL

Schaumburg is a city in Cook County, Illinois. It is classified as part of the Chicago metropolitan area. The city has an official population of 75,386 inhabitants. Native American tribes originally settled in Schaumburg, followed by European settlers in the 19th century. The city was incorporated in 1956.

Schaumburg, IL is a great place for affordable rent-to-own homes! With a median household income of over $82,387 and a median rent of $1,458, the Schaumburg, IL rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Schaumburg, IL. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Schaumburg, IL rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
1609 EDINBURGH DR #117-5
Rent To Own
Tri Village
Townhouse/Condo
Bartlett, IL 60103
3
3
1826 ft2
2005
812 N RIVER RD #2A
Rent To Own
 
Townhouse/Condo
Mount Prospect, IL 60056
2
1
1000 ft2
1983
1 of 22 2S110 COLONIAL LN
Rent To Own
 
Single Family Home
Lombard, IL 60148
4
2
1944 ft2
1965
1 of 14 8809 West Golf Road
Rent To Own
 
Multifamily (2 - 4 Units)
Niles, IL 60714
2
2
1600 ft2
1976
5537 N CANFIELD AVE
Rent To Own
Norwood Park
Single Family Home
Chicago, IL 60656
2
2
1284 ft2
1946
1200 WESTFIELD WAY
Rent To Own
Town And Country
Single Family Home
Mundelein, IL 60060
4
3
3379 ft2
1997
260 GREGORY M SEARS DR
Rent To Own
 
Single Family Home
Gilberts, IL 60136
4
3
1801 ft2
2003
7343 Country Creek Way UNIT 4
Rent To Own
 
Single Family Home
Downers Grove, IL 60516
2
2
972 ft2
1975
6704 W FOREST PRESERVE DR
Rent To Own
Harwood Heights
Single Family Home
Harwood Heights, IL 60706
3
3
1326 ft2
1998
5913 MONROE ST
Rent To Own
Morton Grove
Single Family Home
Morton Grove, IL 60053
3
2
1830 ft2
1960
838 S SCOVILLE AVE #1
Rent To Own
 
Townhouse/Condo
Oak Park, IL 60304
1
1
800 ft2
1923
3648 WHITE EAGLE DR
Rent To Own
White Eagle Club
Single Family Home
Naperville, IL 60564
5
3
2896 ft2
1996
12A Kingery Quarter Rd #104
Rent To Own
 
Single Family Home
Willowbrook, IL 60527
1
1
800 ft2
1981
Hot
2008 TYLER TRL
Rent To Own
Mchenry
Single Family Home
Mchenry, IL 60051
3
3
1981 ft2
2006
1408 KENMORE AVE
Rent To Own
Round Lake Beach Ridgewood
Single Family Home
Round Lake Beach, IL 60073
3
1
968 ft2
1955
2301 SUMMERLIN DR
Rent To Own
 
Single Family Home
Aurora, IL 60503
2
2
0 ft2
84 PUEBLO RD
Rent To Own
Boulder Hill
Single Family Home
Montgomery, IL 60538
3
1
988 ft2
1960
Hot
636 PEARCES FRD
Rent To Own
 
Single Family Home
Oswego, IL 60543
5
4
2800 ft2
1988
Hot
2015 ROLLING RIDGE LN
Rent To Own
Lindenhurst
Single Family Home
Lindenhurst, IL 60046
2
2
1475 ft2
1961
7350 N RIDGE BLVD #22C
Rent To Own
West Rogers Park
Townhouse/Condo
Chicago, IL 60645
3
2
0 ft2
1930
7403 N HOYNE AVE #1
Rent To Own
Rogers Park
Townhouse/Condo
Chicago, IL 60645
2
2
800 ft2
1930
2906 W WILCOX ST
Rent To Own
East Garfield Park
Townhouse/Condo
Chicago, IL 60612
9
3
2832 ft2
1905
1748 W Rascher Ave
Rent To Own
Edgewater
Townhouse/Condo
Chicago, IL 60640
2
1
0 ft2
1913
1 of 5 1517 W Jonquil Ter
Rent To Own
 
Multifamily (2 - 4 Units)
Chicago, IL 60626
2
1
1100 ft2
2000
4636 N Racine Ave APT 2, Chicago, IL 60640
Rent To Own
Uptown
Single Family Home
Chicago, IL 60640
2
1
1200 ft2
1906
6334 N SHERIDAN RD #3C
Rent To Own
Edgewater
Townhouse/Condo
Chicago, IL 60660
1
1
800 ft2
1928
2745 N HAMPDEN CT #2E
Rent To Own
Lincoln Park
Townhouse/Condo
Chicago, IL 60614
3
1
1100 ft2
1916
1355 N SANDBURG TER #407D
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60610
1
1
0 ft2
1964
240 E ILLINOIS ST #1708
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60611
2
2
1293 ft2
2005
222 N COLUMBUS DR #3203
Rent To Own
The Loop
Townhouse/Condo
Chicago, IL 60601
2
2
1225 ft2
2001
1550 S INDIANA AVE #412
Rent To Own
South Loop
Townhouse/Condo
Chicago, IL 60605
2
2
1100 ft2
1905
505 N LAKE SHORE DR #6601
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60611
3
4
2975 ft2
1970
5856 S PRAIRIE AVE #3
Rent To Own
Washington Park
Townhouse/Condo
Chicago, IL 60637
3
2
1250 ft2
2004
5739 S CALUMET AVE #3N
Rent To Own
Washington Park
Townhouse/Condo
Chicago, IL 60637
3
2
1400 ft2
1901
7620 S CALUMET AVE
Rent To Own
Chatham
Single Family Home
Chicago, IL 60619
4
4
1386 ft2
1921
7115 S SAINT LAWRENCE AVE
Rent To Own
Park Manor
Townhouse/Condo
Chicago, IL 60619
6
4
2773 ft2
1890
1 of 75 5555 S Everett Ave
Rent To Own
 
Single Family Home
Chicago, IL 60637
4
3
2400 ft2
1924
956 W 115TH PL
Rent To Own
Morgan Park
Townhouse/Condo
Chicago, IL 60643
3
2
731 ft2
1966
Hot
9519 S FOREST AVE
Rent To Own
Roseland
Single Family Home
Chicago, IL 60628
3
2
1100 ft2
1960
8609 LAKESHORE DR
Rent To Own
 
Single Family Home
Pleasant Prairie, WI 53158
3
3
2027 ft2
2017
1 of 38 8724 S ESSEX AVE
Rent To Own
South Chicago
Single Family Home
Chicago, IL 60617
5
3
1987 ft2
1924
3017 E 78th St APT 2B
Rent To Own
South Shore
Single Family Home
Chicago, IL 60649
1
1
800 ft2
1924
New
22316 121ST ST
Rent to Own Eligible
Lake Shangri La
Single Family Home
Bristol, WI 53104
4
2
1238 ft2
1988
New
12065 333RD AVE
Rent to Own Eligible
 
Single Family Home
Twin Lakes, WI 53181
3
2
1990 ft2
1970
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Buying a Home in Schaumburg, IL

Schaumburg, IL is seeing rapid growth and Schaumburg, IL's' housing market remains not optimal with an average home price that is 20% above the 2024 national average. Schaumburg, IL is part of Cook county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Cook is 1.38% which is above the national average, which is 0.99%.

Median Home Price in Schaumburg, IL

Median Rent in Schaumburg, IL

Rent to own homes offer low monthly payments and flexible terms.

Top Reasons to Live in Schaumburg IL

Housing Statistics Schaumburg has a median sales price of $138,000 for May 13 to July 13. This figure was based on 269 individual sales. In comparison to the same stretch in the year prior, this is a decrease of 6.4%. The average price per square foot of housing in the area is $147, which is an increase of 0.7% since last year. The number of homes being sold in the city has increased significantly by 31.9%. At the moment, Schaumburg has 248 resale and new homes available, and a further 822 homes which are in auction, pre-foreclosure or owned by the bank. The average listing price was recorded at $258,855 for the week of August 14. This shows an increase of 2.5% since the last week. Around the area, renters take up a total of 30.22% living space. 6.16% of houses in the area are unoccupied. These houses are available to rent, buy, or rent to own.

Local Shopping Local shopping provides a rich variety of choices within the city. Shopping centers frequented by locals include Weatherway Plaza, Weathersfield Commons, Schaumburg Town, Schaumburg Plaza, Salem Plaza and Scharrington Square. Here, shoppers will find a range of retail stores, food outlets and more.

Weather and Climate Schaumburg generally has a warm and mild climate. The highest temperature ever recorded is 105 degrees Fahrenheit. The city gets around 32 inches of rain every year, while the U.S average is 37. August tends to be the rainiest month, while July tends to be the warmest. The average July temperature is 86 degrees. There is generally a lot of sun, with 189 clear days every year. Precipitation on any level occurs on 126 days each year. Humidity is just above U.S average, measured at 47 out 100 on the U.S comfort index.

Largest Employers and Industries The most prominent industries in Schaumburg are as follows: Professional, scientific and technical services make up 12% of the local economy. Finance and insurance services are second at 7%. Construction is third with 6% and electronic products fourth with 5%. After these four, large industries include food services, accommodation, broadcasting and education. Within the city, the largest employers are 7-Eleven, Jewel-Osco, American Eagle Outfitters, AT&T, Jones New York New Balance and McDonalds.

Local Events and Festivals There are many local events and festivals within Schaumburg. The famous Septemberfest never fails to entertain both locals and visitors every year with the arts & crafts show, an 18-ride carnival, fireworks and much more. Check out the Youth Programs at the Prairie Center as well. Here, visitors can enjoy the Schaumburg Youth Orchestra, the Schaumburg Dance Ensemble, The Screen Test Student Fest and the Schaumburg Summer Theatre.