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Rent Specials
$1,900 - $2,8001 to 3 Bedroom Apartments Available Now
Fountain Square
50 S Grove AveElgin, IL 60120
Cheap Apartments for Rent in the Downtown Elgin Neighborhood of Elgin, IL from $700 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Elgin area of Elgin.
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$1,1501 Bedroom Apartment Available Mar 15
441 Addison St, Unit Four
441 Addison StElgin, IL 60120
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2 to 3 Bedroom Apartments
Alfamerica LLC-398 E Chicago St
398 E Chicago StElgin, IL 60120
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4 Bedroom Apartments
10 N Gifford St
10 N Gifford StElgin, IL 60120
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1 Bedroom Apartments
70 S Chapel St
70 S Chapel StElgin, IL 60120
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1 to 4 Bedroom Apartments
255 N Spring St
255 N Spring StElgin, 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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Studio to 1 Bedroom Apartments
350 E Chicago St
350 E Chicago StElgin, IL 60120
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Studio to 3 Bedroom Apartments
363 Prairie St
363 Prairie StElgin, IL 60120
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6 Bedroom Apartments
120-122 N Spring St
120-122 N Spring StElgin, IL 60120
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2 to 5 Bedroom Apartments
Fox River Townhomes
320 Watch CtElgin, IL 60120
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Studio to 3 Bedroom Apartments
132 S State St
132 S State StElgin, IL 60123
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2 Bedroom Apartments
160 Kimball St
160 Kimball StElgin, IL 60120
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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Studio Apartments
409-415 Division St
409-415 Division StElgin, IL 60120
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1 to 2 Bedroom Apartments
25 N Gifford St
25 N Gifford StElgin, IL 60120
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2 to 4 Bedroom Apartments
288-290 Villa St
288-290 Villa StElgin, IL 60120
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2 Bedroom Apartments
121-123 Hinsdell Pl
121-123 Hinsdell PlElgin, IL 60120
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2 to 3 Bedroom Apartments
85 S Crystal St
85 S Crystal StElgin, IL 60123
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Studio to 2 Bedroom Apartments
Roseanne Apartments
401 E Chicago StElgin, IL 60120
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.
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Studio to 3 Bedroom Apartments
Elgin Artspace Lofts - For Artists Only
51 S Spring StElgin, IL 60120
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1 to 2 Bedroom Apartments
Elgin Tower Lofts
100 E Chicago StElgin, IL 60120
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1 to 2 Bedroom Apartments
Westwind Tower
104 S State StElgin, IL 60123
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Studio to 1 Bedroom Apartments
314 E Chicago St
314 E Chicago StElgin, IL 60120
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1 to 3 Bedroom Apartments
Buena Vista Towers
222 Locust StElgin, IL 60123
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Studio to 2 Bedroom Apartments
Center City Apartments
156 Division StElgin, IL 60120
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.
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Studio to 3 Bedroom Apartments
Regency Apartments
230 S State StElgin, IL 60123
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Studio to 1 Bedroom Apartments
The Everett
379 Du Page StElgin, IL 60120
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Studio Apartments
Central Park Towers
120 S State StElgin, IL 60123
Showing Results 1-27, Page 1 of 1
Downtown Elgin, 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 Downtown Elgin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Elgin Studio Apartments | $1,295 | $1,295 | $1,295 |
| Downtown Elgin 1 Bedroom Apartments | $1,525 | $1,150 | $1,900 |
| Downtown Elgin 2 Bedroom Apartments | $2,550 | $2,400 | $2,800 |
| Downtown Elgin 3 Bedroom Apartments | $2,800 | $2,800 | $2,800 |
Browse Apartments in this Neighborhood
There are currently 27 rentals with your search options within a 2 mile radius of the Downtown Elgin Neighborhood of Elgin, IL.
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If you’re an expert on all things Downtown Elgin, tell us what you love (and don't) by rating it and writing a review.
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Cheapest Available Downtown Elgin Apartments for Rent
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fox River Townhomes | 2x1 | 2BR,1BA | $772 |
| Fountain Square | 1Bed/1Bath | 1BR,1BA | $1,900 |
Best Value Apartments for Rent in Downtown Elgin, IL
As of February 04, 2026 the best value apartment in the Downtown Elgin area is the $1.02 price per square foot 3x1 Model at Fox River Townhomes in the in the Beacon Pointe neighborhood starting from $988. The second greatest value Downtown Elgin apartment is the 1Bed/1Bath Model at Fountain Square starting at $1,900 with a $2.32 price per square foot in the Southeast Elgin Cook neighborhood. Here is today’s list of the best values for Downtown Elgin apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fox River Townhomes | 3x1 | 3BR,1BA | $1.02 |
| Fountain Square | 1Bed/1Bath | 1BR,1BA | $2.32 |
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
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.
Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.
Best Neighborhoods to Rent in Near Chicago's Top Employers
Written by: Nicole Harms
Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Written by: Nicole Harms
From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
Articles, How-To's, and Tips
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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.