
Cheap Apartments for Rent in Elgin, IL from $700 (59 Rentals) Page 2 of 2
Search the lowest-cost Apartments available for rent right now in Elgin.


Reserve Randall Road

525 Ryan Ln

Gardiner Place Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Spring Hill Senior Residences

Spring Hill Apartments

2225 Aurora Dr

88 Fox Ave
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

2245 Aurora Dr
Elgin, IL Local Guide

How much does it cost to rent an apartment in Elgin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Elgin Studio Apartments | $1,857 | $1,025 | $6,000 |
| Cheap Elgin 1 Bedroom Apartments | $1,823 | $826 | $2,956 |
| Cheap Elgin 2 Bedroom Apartments | $2,179 | $967 | $3,645 |
| Cheap Elgin 3 Bedroom Apartments | $2,741 | $1,980 | $3,556 |
| Cheap Elgin 4 Bedroom Apartments | $10,065 | $1,482 | $10,000+ |
Browse Top Apartments in Elgin
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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 $1,680.
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 $17,621.
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 2 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 $256 which is $17,365 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.
Helpful Local Expert Guides

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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.

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Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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Renting your next home can feel thrilling and overwhelming at the same time.