1125 1/2 Mulberry St
WaterlooIA50703
Cheap Homes for Rent in Elgin, IA from $500 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Elgin.
306 1/2 1st St SE
OelweinIA50662
2836 Independence Ave
WaterlooIA50707
437 Riehl St
WaterlooIA50703
120 Harrison St
WaterlooIA50703
216 Courtland St
WaterlooIA50703
1503 Franklin St
WaterlooIA50703
213 Manson St
WaterlooIA50703
147 French St
WaterlooIA50703
524 Adrian St
WaterlooIA50703
645 Wyoming St
WaterlooIA50703
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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 | $768 | $535 | $950 |
| Elgin 3 Bedroom Homes for Rent | $1,071 | $725 | $1,500 |
| Elgin 4 Bedroom Homes for Rent | $1,050 | $1,050 | $1,050 |
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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 Studio unit found at Russell Lamson in the Downtown Waterloo neighborhood priced from $675. The Meadows Apartments in the Southlawn Court neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $700. Here is today’s list of the most affordable Elgin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Russell Lamson | Studio | Studio,1BA | $675 |
| The Meadows Apartments | Meadows 2Bd | 2BR,1BA | $700 |
| Le Chateau | 1BR/1.0BA | 1BR,1BA | $725 |
| Meadow Ridge Apartments | 2 BR/ 1 BA | 2BR,1BA | $775 |
| 1224-1282 W Mullan Ave | 3 BR/ 1 BA | 3BR,1BA | $775 |
Best Value Apartments for Rent in Elgin, IA and Nearby
As of October 15, 2025 the best value apartment in the Elgin area is the $0.70 price per square foot 3 BR/ 1 BA Model at 1224-1282 W Mullan Ave in the in the Downtown Waterloo neighborhood starting from $775. The second greatest value Elgin apartment is the 4BR/2BA Model at Hawkeye Towers - Historical Access starting at $380 with a $0.35 price per square foot . 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. |
|---|---|---|---|
| 1224-1282 W Mullan Ave | 3 BR/ 1 BA | 3BR,1BA | $0.70 |
| Hawkeye Towers - Historical Access | 4BR/2BA | 4BR,2BA | $0.35 |
| 3714 Ravenwood Cir | 2 BR/ 2 BA | 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 | Wild Grove Apartments | 2BR,1BA | $1.09 |
| Meadow Ridge Apartments | 2 BR/ 1 BA | 2BR,1BA | $0.93 |
| 1150 Home Park Blvd | 2BR/1.0BA | 2BR,1BA | $1.09 |
| The Meadows Apartments | Meadows 2Bd | 2BR,1BA | $0.92 |
| 1637 Carriage Hill | 2BR/1.0BA | 2BR,1BA | $1.14 |
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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 $450 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 $450 to $1,500 with an average monthly rent of $866.
How much are larger Three and Four Bedroom Rentals in Elgin?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Elgin range from $750 to $1,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $725 to $1,500. Four Bedroom Single-Family rentals are also available starting from $1,050 and Four Bedroom Apartments start at $380.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
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.
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.