Cheap Apartments for Rent in Elgin, IA from $300 (23 Rentals)

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

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131 S Vine St
1 to 2 Bedroom Apartments

131 S Vine St

131 S Vine StWest Union, IA 52175
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Meadow Ridge Apartments
1 to 3 Bedroom Apartments

Meadow Ridge Apartments

765-791 Russell RdWaterloo, IA 50701
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Le Chateau
1 to 2 Bedroom Apartments

Le Chateau

733-747 Russell RdWaterloo, IA 50701
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1637 Carriage Hill
2 Bedroom Apartments

1637 Carriage Hill

1637 Carriage Hill DrWaterloo, IA 50701
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124 Earl St
1 to 2 Bedroom Apartments

124 Earl St

124-136 Earl StEvansdale, IA 50707
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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 131 S Vine St priced from $550. Russell Lamson in the Downtown Waterloo neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $675. Here is today’s list of the most affordable Elgin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
131 S Vine St2021BR,1BA$550
Russell LamsonStudioStudio,1BA$675
The Meadows ApartmentsQuads 2Bd2BR,1BA$700
Le Chateau1BR/1.0BA1BR,1BA$725
1106-1110 Kent CircleKent Circle 1 Bed/1 Bath1BR,1BA$750

Best Value Apartments for Rent in Elgin, IA and Nearby

As of September 06, 2025 the best value apartment in the Elgin area is the $1.04 price per square foot Two Bedroom (A2) Model at Arrow Ridge in the starting from $1,250. The second greatest value Elgin apartment is the 3 BR/ 1 BA Model at 1224-1282 W Mullan Ave starting at $775 with a $0.70 price per square foot in the Downtown Waterloo neighborhood. 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.
Arrow RidgeTwo Bedroom (A2)2BR,1BA$1.04
1224-1282 W Mullan Ave3 BR/ 1 BA3BR,1BA$0.70
Hawkeye Towers4BR/2BA4BR,2BA$0.35
West Brook 32BR/2.0BA2BR,2BA$1.10
Kinsale CondominiumsTwo Bedroom w/ Garage2BR,1BA$1.00
Lawler School Lofts2BR/1B2BR,1BA$1.06
Wild Grove Apartments - 702 NICCWild Grove Apartments2BR,1BA$1.09
1150 Home Park Blvd2BR/1.0BA2BR,1BA$1.09
The Meadows ApartmentsMeadows 2Bd2BR,1BA$0.92
131 S Vine St2021BR,1BA$0.92

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Getting Around Elgin, IA

Walk Score®

15 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

27 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Russell Lamson listed at $675.

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

The lowest price for a Cheap One Bedroom Elgin Apartment is $550 at 131 S Vine St.

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 $750.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.