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Rent Specials
$2,200 - $3,1002 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 $750 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Elgin area of Elgin.
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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
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Studio to 1 Bedroom Apartments
350 E Chicago St
350 E Chicago StElgin, IL 60120
Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms
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Studio to 3 Bedroom Apartments
363 Prairie St
363 Prairie StElgin, IL 60120
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1 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
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Studio Apartments
409-415 Division St
409-415 Division StElgin, IL 60120
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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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
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Studio to 3 Bedroom Apartments
Elgin Artspace Lofts - For Artists Only
51 S Spring StElgin, IL 60120
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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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
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Studio to 3 Bedroom Apartments
Regency Apartments
230 S State StElgin, IL 60123
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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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 1-26, Page 1 of 1
Downtown Elgin, Elgin, IL Local Guide
How much does it cost to rent an apartment in Downtown Elgin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Elgin 2 Bedroom Apartments | $2,300 | $1,500 | $2,800 |
| Downtown Elgin 3 Bedroom Apartments | $3,100 | $3,100 | $3,100 |
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.
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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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Best Value Apartments for Rent in Downtown Elgin, IL
As of September 20, 2026 the best value apartment in the Downtown Elgin area is the $2.00 price per square foot 2 Bed/ 2 Bath/ Den Model at Fountain Square in the Southeast Elgin Cook neighborhood starting from $2,600. The second greatest value Downtown Elgin apartment is the 1 BED, 1 BATH Model at Westwind Tower in the Southeast Elgin Cook neighborhood starting at $1,597 with a $3.80 price per square foot. 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. |
|---|---|---|---|
| Fountain Square | 2 Bed/ 2 Bath/ Den | 2BR, 2.5BA | $2.00 |
| Westwind Tower | 1 BED, 1 BATH | 1BR, 1BA | $3.80 |
Frequently Asked Questions about Cheap Downtown Elgin Apartments
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 $2,200 at Fountain Square.
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.
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The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Written by: Nicole Harms
When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.
Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
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I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.
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Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.
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From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
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Rent According to Income: A Look at Income-Restricted Rentals
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The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
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Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
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Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.