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Fox River Crossing
300 N State StElgin, IL 60123
Cheap Apartments for Rent in the Downtown Elgin Neighborhood of Elgin, IL from $700 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Elgin area of Elgin.
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Rent Specials
from $1,025Studio to 2 Bedroom Apartments Available Sep 1
River's Landing Apartments
3 Times SqElgin, IL 60120
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from $1,125Studio Apartments Available Now
Royal Ridge Apartments
237 Robert DrElgin, IL 60123
114 N Spring St
ElginIL60120
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from $1,1411 to 2 Bedroom Apartments Contact Us For Availability
Squire Village Apartments
1146 Yew CtElgin, 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.
17 S Channing St
ElginIL60120
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from $1,2301 to 3 Bedroom Apartments Contact Us For Availability
Hunter Ridge Apartments
1068 Todd Farm DrElgin, IL 60123
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17 S Channing St
ElginIL60120
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.
119 Tennyson Ct
ElginIL60120
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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 | $1,125 | $1,025 | $1,175 |
| Downtown Elgin 1 Bedroom Apartments | $1,647 | $826 | $2,717 |
| Downtown Elgin 2 Bedroom Apartments | $2,048 | $967 | $3,275 |
| Downtown Elgin 3 Bedroom Apartments | $2,525 | $1,855 | $3,500 |
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Downtown Elgin Neighborhood of Elgin, IL.
See all Apartments in ElginExplore Elgin
Downtown Elgin, Elgin, IL Local Guide
- Nearby Elgin neighborhoods
- Nearby Cities
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Cheapest Available Downtown Elgin Apartments for Rent
The cheapest available apartment rental in the Downtown Elgin area of Chicago, IL is a Studio unit found at Royal Ridge Apartments priced from $1,125. 39 Surrey Dr has the second lowest priced unit, which is a Studio apartment currently listed from $1,175. Here are the most affordable Downtown Elgin apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Royal Ridge Apartments | Studio | Studio,1BA | $1,125 |
| 39 Surrey Dr | 39 Surrey | Studio,1BA | $1,175 |
| Blackhawk Apartment Homes | One Bedroom - 700 sqft | 1BR,1BA | $1,425 |
| The Villages at Canterfield | A | 1BR,1BA | $1,655 |
| Fountain Square | 1Bed/1Bath | 1BR,1BA | $1,900 |
Best Value Apartments for Rent in Downtown Elgin, IL
As of June 14, 2025 the best value apartment in the Downtown Elgin area is the $1.75 price per square foot 2 bed/2 bath Model at 1990 Larkin Ave, Elgin, IL 60123 in the in the West Ridge Village neighborhood starting from $2,100. 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 Beacon Pointe 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. |
|---|---|---|---|
| 1990 Larkin Ave, Elgin, IL 60123 | 2 bed/2 bath | 2BR,2BA | $1.75 |
| Fountain Square | 1Bed/1Bath | 1BR,1BA | $2.32 |
| Panton Mill Station | The Linden | 1BR,1BA | $2.53 |
| The Villages at Canterfield | A | 1BR,1BA | $2.17 |
| 39 Surrey Dr | 39 Surrey | Studio ,1BA | $1.88 |
| Blackhawk Apartment Homes | One Bedroom - 598 sqft | 1BR,1BA | $2.22 |
| Royal Ridge Apartments | Studio | Studio ,1BA | $2.25 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleDowntown Elgin, Elgin, IL
Ranked #2
Among neighborhoods in Elgin, IL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Getting Around the Downtown Elgin Neighborhood in Elgin, IL
Walk Score®
90 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
77 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
50 / 100
Good Transit
Many 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 Downtown Elgin Apartments
What is the Cheapest Studio apartment in Downtown Elgin?
Currently the most affordable Cheap Studio Apartment in Downtown Elgin is at Royal Ridge Apartments listed at $1,125.
How much is rent for a Cheap One Bedroom Downtown Elgin Apartment?
The lowest price for a Cheap One Bedroom Downtown Elgin Apartment is $1,325 at Blackhawk Apartment Homes.
What is the lowest price for a Cheap Two Bedroom Downtown Elgin Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Elgin is starting from $1,565 at Blackhawk Apartment Homes.
What is the most affordable Downtown Elgin Three Bedroom Apartment?
The best deal on a cheap Downtown Elgin Three Bedroom Apartment rental is at The Villages at Canterfield and starts from $2,750.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.