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Studio Apartments for Rent in Buffalo Grove, IL

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  • /68

    Starting at $1,725 Per Month

    • Studio - 3 Beds

    444 Parkway Dr, Lincolnshire, IL 60069

    The best of everything in one place. Five minute walk to shopping, dining, entertainment and nature trails. Floor to ceiling windows overlooking water, nature preserves and lush landscaping. Spacious open floor plans with gourmet inspired kitchens, sophisticated finishes and luxurious baths.   Breathtaking two-story community hub with five star hotel caliber amenities. Wellness and fitness

    444 Social

    (224) 803-3667

    444 Parkway Dr, Lincolnshire, IL 60069
  • /35

    $2,189 Per Month

    • Studio
    • 1 Bath
    • 300 Sq Ft
    • Furnished Studio-Chicago - Buffalo Grove - Deerfield

    1525 Busch Pkwy, Buffalo Grove, IL 60089

    Enjoy a fully furnished studio suite in our hotel at an affordable rate with free wi-fi, free utilities and free premium cable. Each studio suite has a full kitchen with full-size refrigerator, stovetop and microwave, and has a flexible workspace and plenty of storage. All our hotels are pet-friendly and have on-site guest laundry available. Plus, there are no long-term commitments and you can

    Furnished Studio-Chicago - Buffalo Grove - Deerfield

    (224) 313-4372

    1525 Busch Pkwy, Buffalo Grove, IL 60089

Why Live in Buffalo Grove

Buffalo Grove, Illinois, is a suburban village located within both Lake and Cook counties, home to approximately 43,000 residents. The village is known for its extensive park system, with over 400 acres of recreational space managed by the park district. Mike Rylko Community Park spans 76 acres and includes athletic fields, courts, an inline rink, and a skate park. Willow Stream Park offers basketball and tennis courts, sand volleyball, and a disc golf course across its 54 acres. Buffalo Creek Forest Preserve features 408 acres with over 5 miles of gravel trails for walking and biking, as well as fishing spots around the reservoir. Buffalo Grove's shopping scene is evolving with the transformation of Buffalo Grove Town Center into The Clove, a mixed-use development featuring luxury apartments, new shops, and restaurants. The village's housing market includes Colonial Revival, split-level, and New Traditional homes, with condo communities like Old Farm Village offering Tudor-style condos and townhouses. Buffalo Grove is served by highly rated school districts, including Aptakisic-Tripp School District 102, Kildeer Countryside Community Consolidated School District 96, Adlai E. Stevenson High School District 125, and High School District 214. Residents enjoy annual events at Mike Rylko Community Park, such as the Buffalo Grove Farmers Market and Buffalo Grove Days. Commuters can access downtown Chicago via the Buffalo Grove Metra station, located 33 miles away, with Chicago O’Hare International Airport 20 miles away. The village also has a Snow and Ice Control Program to manage winter weather conditions.

Frequently Asked Questions

How much does it cost to rent a home in Buffalo Grove, IL?
The median rent for a home in Buffalo Grove, IL is $2,700 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Buffalo Grove, IL?
To comfortably afford the median rent in Buffalo Grove, IL, a household needs to earn roughly $108,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,700 per month in Buffalo Grove, IL, renters typically need to show $8,100 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Buffalo Grove, IL?
In Buffalo Grove, IL, the price-to-rent ratio is 13.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Buffalo Grove, IL are best for renting a home?
The best neighborhood for renting in Buffalo Grove, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Edgewater, Lakeview East, Gold Coast, Downtown Mount Prospect and East Highland Park, each with its own character and price range.

Rental Home Trends in Buffalo Grove, IL

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$2,700
Median Single Family Home Rent
$3,000
Median Townhouse Rent
$3,200
Median Condo Rent
$1,800
How to Rent a Home