Cheap Apartments for Rent in Elgin, IL from $700 (65 Rentals)

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

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property at 1450 Plymouth Ln

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

2 Bedroom, 2 Bath Condo for Rent

Available Now

1450 Plymouth Ln, Unit #214

1450 Plymouth Ln
ElginIL60123
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Regency Apartments
Studio to 3 Bedroom Apartments

Regency Apartments

230 S State StElgin, IL 60123
  • Utilities Included
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Fox River Townhomes
2 to 5 Bedroom Apartments

Fox River Townhomes

320 Watch CtElgin, IL 60120
  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

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River West Commons
Studio to 2 Bedroom Apartments

River West Commons

719 W Highland AveElgin, IL 60123
  • Utilities Included
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1350 Getzelman Dr
1 Bedroom Apartments

1350 Getzelman Dr

1350 Getzelman DrElgin, IL 60123
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1289 Abbott Dr
1 to 2 Bedroom Apartments

1289 Abbott Dr

1289 Abbott DrElgin, IL 60123
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Roseanne Apartments
Studio to 2 Bedroom Apartments

Roseanne Apartments

401 E Chicago StElgin, IL 60120
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114 N Spring St
2 Bedroom Apartments

114 N Spring St

114 N Spring StElgin, IL 60120
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39 Surrey Dr
Studio to 3 Bedroom Apartments

39 Surrey Dr

51 Surrey DrElgin, IL 60123
  • Utilities Included
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Westwind Tower
1 to 2 Bedroom Apartments

Westwind Tower

104 S State StElgin, IL 60123
Senior Living
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269 Douglas Ave
1 Bedroom Apartments

269 Douglas Ave

269 Douglas AveElgin, IL 60120
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278 Douglas Ave
1 Bedroom Apartments

278 Douglas Ave

278 Douglas AveElgin, IL 60120

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property at 119 Tennyson Ct

$1,400 - $1,500

1 To 2 Bedroom Rentals

Available Now

119 Tennyson Ct

ElginIL60120
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Elgin Tower Lofts
1 to 2 Bedroom Apartments

Elgin Tower Lofts

100 E Chicago StElgin, IL 60120
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333 Raymond St
2 Bedroom Apartments

333 Raymond St

326-334 Raymond StElgin, IL 60120

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

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property at 702 N Porter St

$1,895

Total Monthly Price

Total Monthly Price

Base Rent
$1,895
Total Monthly Price
$1,895

2 Bedroom, 2 Bath Townhome for Rent

Available Now

702 N Porter St

ElginIL60120
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WC Kimball
2 Bedroom Apartments

WC Kimball

52 N Crystal AveElgin, IL 60123

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Elgin, IL Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Elgin, IL

Pricing Updated: 07/22/2026

Current apartment rentals in the Elgin, IL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Elgin Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Grant School Park$2,675$82627

Cheapest Available Elgin Apartments for Rent

 

The cheapest available apartment rental in Elgin, IL is a 2 Beds unit found at Squire Village Apartments in the Beacon Pointe neighborhood priced from $1,156. River's Landing Apartments in the Beacon Pointe neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,235. Here is today’s list of the most affordable Elgin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Squire Village Apartments2BR/1.5BA2BR,1BA$1,156
River's Landing Apartments1 Bedroom 1 Bath 675 sq ft1BR,1BA$1,235
Royal Ridge Apartments1 Bedroom1BR,1BA$1,350
Blackhawk Apartment HomesOne Bedroom - 723 sqft1BR,1BA$1,470
1254-1256 Robinwood Drive1254-1256 Robinwood Drive - 1254-...2BR,1BA$1,500
Wing Park Residencewp-1bs1BR,1BA$1,550
Authentix South ElginStudio Horizon OverlookStudio,1BA$1,562
Springs At South Elgin1 BR Grand Courtyard1BR,1BA$1,710
Panton Mill StationThe Beech1BR,1BA$1,750

Best Value Apartments for Rent in Elgin, IL

As of July 22, 2026 the best value apartment in the Elgin area is the $0.88 price per square foot 4BR/1.5BA Model at Squire Village Apartments in the in the Beacon Pointe neighborhood starting from $1,482. The second greatest value Elgin apartment is the 2 Bed/ 2 Bath/ Den Model at Fountain Square starting at $2,600 with a $2.00 price per square foot in the College Green 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.
Squire Village Apartments4BR/1.5BA4BR,1.5BA$0.88
Fountain Square2 Bed/ 2 Bath/ Den2BR,2.5BA$2.00
Springs At South Elgin2 BR Grand Overlook Garage2BR,2BA$2.14
1254-1256 Robinwood Drive1254-1256 Robinwood Drive - 1254-...2BR,1BA$1.36
Villages At CanterfieldHolly2BR,1BA$2.23
443 Jefferson Ave, Unit #4 - 1 bed 1 bath443 Jefferson Ave1BR,1BA$1.55
Wing Park Residencewp-1bs1BR,1BA$2.14
Blackhawk Apartment HomesOne Bedroom - 723 sqft1BR,1BA$2.05
River's Landing Apartments1 Bedroom 1 Bath 675 sq ft1BR,1BA$1.83
Royal Ridge Apartments1 Bedroom1BR,1BA$2.08

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.

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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Elgin Overview

A charming city located to the northern end of Illinois, Elgin is an ideal destination well worthy of consideration. Less than forty miles from the epicenter of Chicago, Elgin is an ever-growing locale offering small town ideals melded flawlessly with big city opportunity.

Why live in Elgin, IL?

True to its motto 'The City in the Suburbs', Elgin rentals offer a winning mixture of convenience and that oh-so-important rural comfort. Ideal for families and working class singles alike, this growing Illinois city is big on education, blue collar ideals and heart. With an exciting downtown scene filled with restaurants, museums and plenty of shopping, Elgin might just be the city you've been searching for.

Elgin, IL
Population: 111,683

Ranked #266

in US Census Population by City

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Best Local Schools in
Elgin, IL

School data provided by Great Schools

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

Explore Elgin, IL Rentals by Map

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See the most popular apartments and homes in Elgin, IL

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Frequently Asked Questions about Cheap Elgin Apartments

What is a cheap apartment in Elgin?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Elgin is under $1,750.

What is the price of a cheap apartment in Elgin?

The cheapest apartment in Elgin is River's Landing Apartments which is listed at $1,235, while the average apartment in Elgin costs $2,675.

What types of apartments are the cheapest in Elgin?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1 regular apartments in Elgin that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Elgin?

Cheap apartments in Elgin have an average cost of $205 which is $2,470 cheaper than the average rent for all rentals in Elgin.

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.

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