Cheap Apartments for Rent in Elgin, IA from $500 (38 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Elgin.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Read Article
close
View Me
131 S Vine St
1 to 2 Bedroom Apartments

131 S Vine St

131 S Vine StWest Union, IA 52175
  • Utilities Included
close
View Me
Russell Lamson
Studio to 3 Bedroom Apartments

Russell Lamson

209 W 5th StWaterloo, IA 50701
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article
close
View Me
124 Earl St
1 to 2 Bedroom Apartments

124 Earl St

124-136 Earl StEvansdale, IA 50707
close
View Me
1637 Carriage Hill
2 Bedroom Apartments

1637 Carriage Hill

1637 Carriage Hill DrWaterloo, IA 50701
close
View Me
Westwood Apartments
2 Bedroom Apartments

Westwood Apartments

3270-3320 W 4th StWaterloo, IA 50701
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
Showing Results 1-38, Page 1 of 1

Elgin, IA Local Guide

Cheapest Available Elgin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elgin, IA is a 1 Bed unit found at The Meadows Apartments in the Southlawn Court neighborhood priced from $600. Meadow Ridge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here is today’s list of the most affordable Elgin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Meadows ApartmentsOtter Creek 1Bd1BR,1BA$600
Meadow Ridge Apartments1 BR/ 1 BA1BR,1BA$625
1106-1110 Kent CircleKent Circle 1 Bed/1 Bath1BR,1BA$760
228 Spaces - Furnished Micro-Living Apartments2nd Floor StudioStudio,1BA$795
Brentwood Estates - Furnished & Unfurnished ApartmentsBrentwood Unfurnished1BR,1BA$795
Falls Edge StudiosStudio BStudio,1BA$795
Union at North Crossing1 Bed 1 Bath1BR,1BA$800
Le Chateau2BR/1.5BA2BR,1BA$850
Legacy Manor of Waterloo - 55+ Living1 bedroom1BR,1BA$861
Edgemont Park ApartmentsTwo Bedroom Apartment At Top Rated Edgemont Par...2BR,1BA$905

Best Value Apartments for Rent in Elgin, IA and Nearby

As of March 07, 2026 the best value apartment in the Elgin area is the $0.81 price per square foot 3BR/2B Model at Lawler School Lofts in the starting from $969. The second greatest value Elgin apartment is the Two Bedroom (A2) Model at Arrow Ridge starting at $1,395 with a $1.16 price per square foot . Here is today’s list of the best values for Elgin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lawler School Lofts3BR/2B3BR,2BA$0.81
Arrow RidgeTwo Bedroom (A2)2BR,1BA$1.16
3714 Ravenwood Cir2 BR/ 2 BA2BR,2BA$1.10
West Brook ApartmentsBrand New 2 Bedroom/2 Bathroom Units at West Br...2BR,2BA$1.15
Kinsale CondominiumsTwo Bedroom w/ Garage2BR,1BA$1.02
Le Chateau2BR/1.5BA2BR,1.5BA$0.90
Wild Grove Apartments - 702 NICC2 Bed Updated2BR,1BA$1.09
Union at North Crossing1 Bed 1 Bath1BR,1BA$1.16
Meadow Ridge Apartments1 BR/ 1 BA1BR,1BA$1.02
The Meadows ApartmentsOtter Creek 1Bd1BR,1BA$1.00

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
Decorative image

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Elgin, IA Rentals by Map

Decorative image of map

See the most popular apartments and homes in Elgin, IA

View Map
Elgin, IA Apartments Map
View Map
Elgin, IA Rental Homes Map

Frequently Asked Questions about Cheap Elgin Apartments

What is the Cheapest Studio apartment in Elgin?

Currently the most affordable Cheap Studio Apartment in Elgin is at 228 Spaces - Furnished Micro-Living Apartments listed at $795.

How much is rent for a Cheap One Bedroom Elgin Apartment?

The lowest price for a Cheap One Bedroom Elgin Apartment is $600 at The Meadows Apartments.

What is the lowest price for a Cheap Two Bedroom Elgin Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Elgin is starting from $700 at The Meadows Apartments.

What is the most affordable Elgin Three Bedroom Apartment?

The best deal on a cheap Elgin Three Bedroom Apartment rental is at The Meadows Apartments and starts from $850.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.