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$826 - $1,2021 to 2 Bedroom Apartments Contact Us For Availability
Fox River Crossing
300 N State StElgin, IL 60123
Cheap Apartments for Rent in Elgin, IL from $700 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in Elgin.
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Rent Specials
$1,025 - $1,400Studio to 2 Bedroom Apartments Available Apr 1, 2026
River's Landing Apartments
3 Times SqElgin, IL 60120
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Rent Specials
$1,125 - $1,305Studio to 1 Bedroom Apartments Available Now
Royal Ridge Apartments
237 Robert DrElgin, IL 60123
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$1,141 - $1,3081 to 2 Bedroom Apartments Contact Us For Availability
Squire Village Apartments
1146 Yew CtElgin, IL 60120
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.
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$1,290 - $2,7781 to 3 Bedroom Apartments Available Now
Blackhawk Apartment Homes
926 Congdon AveElgin, IL 60120
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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.
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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!
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Elgin, IL Local Guide
Elgin Tower Building by Wiki User: Lillerphoto is licensed under CC BY-SA 3.0
How much does it cost to rent an apartment in Elgin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Elgin Studio Apartments | $1,761 | $1,025 | $6,000 |
| Cheap Elgin 1 Bedroom Apartments | $1,758 | $826 | $2,557 |
| Cheap Elgin 2 Bedroom Apartments | $2,125 | $967 | $3,263 |
| Cheap Elgin 3 Bedroom Apartments | $2,535 | $1,500 | $3,556 |
| Cheap Elgin 4 Bedroom Apartments | $6,938 | $2,000 | $10,000+ |
Browse Top Apartments in Elgin
See all Apartments in ElginExplore Elgin
Elgin, IL Local Guide
Written By:
Justin HabersaatEditing Staff
- Elgin Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Elgin, IL
Pricing Updated: 12/07/2025Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Grant School Park | $11,127 | $826 | 60 |
Cheapest Available Elgin Apartments for Rent
The cheapest available apartment rental in Elgin, IL is a 2 Beds unit found at Fox River Townhomes in the Beacon Pointe neighborhood priced from $772. Royal Ridge Apartments in the Edgewater neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,125. Here is today’s list of the most affordable Elgin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fox River Townhomes | 2x1 | 2BR,1BA | $772 |
| Royal Ridge Apartments | Studio | Studio,1BA | $1,125 |
| Blackhawk Apartment Homes | One Bedroom - 723 sqft | 1BR,1BA | $1,365 |
| Wing Park Residence | wp-1bs | 1BR,1BA | $1,500 |
| Springs At South Elgin | Studio Grand Overlook | Studio,1BA | $1,639 |
Best Value Apartments for Rent in Elgin, IL
As of December 08, 2025 the best value apartment in the Elgin area is the $1.31 price per square foot Four Bedroom Model at Princeton West Townhomes in the in the Beacon Pointe neighborhood starting from $3,400. The second greatest value Elgin apartment is the 520 Lawrence Ave Model at 520 Lawrence Ave, Unit Furnished Unit starting at $1,400 with a $0.92 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Princeton West Townhomes | Four Bedroom | 4BR,5BA | $1.31 |
| 520 Lawrence Ave, Unit Furnished Unit | 520 Lawrence Ave | 1BR,1BA | $0.92 |
| WC Kimball | 2 Bed 1 Bath | 2BR,1BA | $1.58 |
| Authentix South Elgin | 2-2 BR Retreat Overlook | 2BR,2BA | $1.94 |
| 482 Stella St, Unit 1 | 482 Stella St | 3BR,1BA | $1.60 |
| Blackhawk Apartment Homes | Two Bedroom - 859 sqft | 2BR,1BA | $1.98 |
| 1320 Getzelman Dr, Unit 3 | 1320 Getzelman Dr | 2BR,1BA | $1.65 |
| Panton Mill Station | The Beech | 1BR,1BA | $1.99 |
| Fox River Townhomes | 2x1 | 2BR,1BA | $1.00 |
| Wing Park Residence | wp-1bs | 1BR,1BA | $2.07 |
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
Read ArticleThe 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 ArticleA 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
Read ArticleQuick Rent Budget Calculator
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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.
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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.
Best Local Schools in Elgin, IL
Country Trails Elementary
Central Community Unit School District 301
Public School - Grades PK-5 (662)
8 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Elgin, IL Rentals by Map
See the most popular apartments and homes in Elgin, IL
Getting Around Elgin, IL
Walk Score®
42 / 100
Car-Dependent
Most errands require a car
Bike Score®
48 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
27 / 100
Some Transit
A few nearby public transportation options
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 Royal Ridge Apartments listed at $1,125.
How much is rent for a Cheap One Bedroom Elgin Apartment?
The lowest price for a Cheap One Bedroom Elgin Apartment is $1,365 at Blackhawk Apartment Homes.
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 $772 at Fox River Townhomes.
What is the most affordable Elgin Three Bedroom Apartment?
The best deal on a cheap Elgin Three Bedroom Apartment rental is at Authentix South Elgin and starts from $2,143.
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.
A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!