2836 Independence Ave
WaterlooIA50707
Cheap Homes for Rent in Elgin, IA from $600 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Elgin.
253 Monroe St
WaterlooIA50703
323 Idaho St
WaterlooIA50703
147 French St
WaterlooIA50703
213 Manson St
WaterlooIA50703
117 6th Ave SW
OelweinIA50662
1217 Ackermant St
WaterlooIA50703
2 1st St NE
OelweinIA50662
101 1st Ave NW
OelweinIA50662
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Elgin, IA Local Guide
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How much does it cost to rent a home in Elgin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elgin 2 Bedroom Homes for Rent | $834 | $600 | $995 |
| Elgin 3 Bedroom Homes for Rent | $1,034 | $825 | $1,500 |
| Elgin 5 Bedroom Homes for Rent | $1,300 | $1,300 | $1,300 |
Browse Top Homes for Rent in Elgin
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Elgin, IA Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 131 S Vine St | 202 | 1BR,1BA | $550 |
| Russell Lamson | Studio | Studio,1BA | $675 |
| The Meadows Apartments | Quads 2Bd | 2BR,1BA | $700 |
Best Value Apartments for Rent in Elgin, IA and Nearby
As of August 29, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Arrow Ridge | Two Bedroom (A2) | 2BR,1BA | $1.04 |
| 1224-1282 W Mullan Ave | 3 BR/ 1 BA | 3BR,1BA | $0.70 |
| Hawkeye Towers | 4BR/2BA | 4BR,2BA | $0.35 |
| West Brook 3 | 2BR/2.0BA | 2BR,2BA | $1.10 |
| Kinsale Condominiums | Two Bedroom w/ Garage | 2BR,1BA | $1.00 |
| Lawler School Lofts | 2BR/1B | 2BR,1BA | $1.06 |
| Wild Grove Apartments - 702 NICC | 2 Bed Updated | 2BR,1BA | $1.09 |
| 1150 Home Park Blvd | 2BR/1.0BA | 2BR,1BA | $1.09 |
| The Meadows Apartments | Meadows 2Bd | 2BR,1BA | $0.92 |
| 131 S Vine St | 202 | 1BR,1BA | $0.92 |
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Frequently Asked Questions about Elgin
What type of rentals are currently available in Elgin?
There are currently 51 Apartments for Rent in Elgin, IA with pricing that ranges from $380 to $2,500. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elgin ranging from $600 to $1,500.
What is the current price range for Rental Homes in Elgin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Elgin ranges from $600 to $1,500 with an average monthly rent of $971.
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.
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.
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.
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.