Hoffman Estates, Illinois Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Hoffman Estates, Illinois rental market.
Hoffman Estates, Illinois
Average Apartment Rent
$1,837
Y-o-Y Change in Average
Apartment Rent
3.9%
As of May 2026
Compared to a year ago, Hoffman Estates, Illinois apartments have recorded a 3.9% rent increase.
Hoffman Estates, Illinois Average apartment rent trend
Hoffman Estates, Illinois Average Apartment Rent
Hoffman Estates, Illinois Apartment rent ranges
At 66.09%, apartments priced $1,500 - $2,000 represent the bulk of Hoffman Estates, Illinois rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.58%.
Hoffman Estates, Illinois Housing tenure**
Renters take up 26% of Hoffman Estates, Illinois real estate, occupying a total of 4,768 units, while homeowners live in 13,604 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$77,542
Average household size of renter-occupied housing units**
2.7
Rental vacancy rate**
3.1%
Hoffman Estates, Illinois Renter-occupied housing units by no. of bedrooms**
There are 1,816 rentals in Hoffman Estates, Illinois with 2 beds making up the highest share of the market, at 38%. Units with 4 beds, on the other hand, hold the lowest percentage (3%), amounting to 125 units. Overall, the median number of rooms in Hoffman Estates, Illinois homes for rent is 4.3.
Hoffman Estates, Illinois Renter-occupied units by age of householder**
Most condos for rent in Hoffman Estates, Illinois are occupied by residents in the 25 - 34 years age group (31%), followed by those in the 45 - 54 years age group (27%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Hoffman Estates, Illinois Renter-occupied housing units by family type**
Hoffman Estates, Illinois Renter-occupied housing units by the presence of own children**
A total of 3,150 apartments for rent in Hoffman Estates, Illinois, or 66% of all rentals are family households. Additionally, 36% of rental homes include children under the age of 18 – that’s 1,695 units. All in all, the median size of a renter-occupied household in Hoffman Estates, Illinois is 2.7.
Hoffman Estates, Illinois Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 44% of the rental market. In contrast, residents with less than a high school degree reside in 13% of the homes for rent in Hoffman Estates, Illinois.
Hoffman Estates, Illinois Renter-occupied units by year structure built**
The highest share of Hoffman Estates, Illinois apartment rentals, namely 45% or 2,160 units, were Built 1970 - 1979, followed by those Built 1990 - 1999 (14%, 662 units), and the ones Built 1960 - 1969 (12%, 574 units).
Hoffman Estates, Illinois Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Hoffman Estates, Illinois renters (46%) moved in 2010 to 2017, while only 3% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Hoffman Estates, Illinois condos for rent is 2017.
Hoffman Estates, Illinois Renter-occupied housing units by vehicles available**
When it comes to transportation options, 41% of Hoffman Estates, Illinois renters have 1 vehicle available per household, 38% of them have 2 vehicles available, and 10% have No vehicle available.
Hoffman Estates, Illinois Means of transportation to work of householders living in renter-occupied housing units**
Hoffman Estates, Illinois Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Hoffman Estates, Illinois apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
