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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 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Elgin area of Elgin.
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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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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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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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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Showing Results 1-26, 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 1 Bedroom Apartments | $1,900 | $1,900 | $1,900 |
| Downtown Elgin 2 Bedroom Apartments | $2,300 | $1,300 | $2,800 |
| Downtown Elgin 3 Bedroom Apartments | $2,800 | $2,800 | $2,800 |
Browse Apartments in this Neighborhood
There are currently 26 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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- Local Counties
- School Districts
Cheapest Available Downtown Elgin Apartments for Rent
The cheapest available apartment rental in the Downtown Elgin area of Chicago, IL is a 3 Beds unit found at Fox River Townhomes priced from $988. 333 Raymond St has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,695. Here are the most affordable Downtown Elgin apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fox River Townhomes | 3x1 | 3BR,1BA | $988 |
| 333 Raymond St | 2 bedroom | 2BR,1BA | $1,695 |
| Fountain Square | 1Bed/1Bath | 1BR,1BA | $1,900 |
Best Value Apartments for Rent in Downtown Elgin, IL
As of October 24, 2025 the best value apartment in the Downtown Elgin area is the $1.41 price per square foot 2 bedroom Model at 333 Raymond St in the in the Beacon Pointe neighborhood starting from $1,695. The second greatest value Downtown Elgin apartment is the 3x1 Model at Fox River Townhomes starting at $988 with a $1.02 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. |
|---|---|---|---|
| 333 Raymond St | 2 bedroom | 2BR,1BA | $1.41 |
| Fox River Townhomes | 3x1 | 3BR,1BA | $1.02 |
| Fountain Square | 1Bed/1Bath | 1BR,1BA | $2.32 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read Article
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.
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 ArticleQuick Rent Budget Calculator
How much rent can you afford?
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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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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Pet Friendly LifestyleDowntown Elgin, Elgin, IL
Ranked #1
Among cities in Illinois 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.
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.
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!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.