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Rent Specials
$1,125 - $1,305Studio to 1 Bedroom Apartments Available Now
Royal Ridge Apartments
237 Robert DrElgin, IL 60123
Cheap Apartments for Rent in the Edgewater Neighborhood of Elgin, IL from $800 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Edgewater 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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Rent Specials
$1,609 - $2,609Studio to 3 Bedroom Apartments Available Now
Springs At South Elgin
350 Gyorr AveSouth Elgin, IL 60177
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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$1,725 - $2,4341 to 2 Bedroom Apartments Available Now
Panton Mill Station
355 N La Fox StSouth Elgin, IL 60177
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Edgewater, 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 Edgewater?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Edgewater Studio Apartments | $1,626 | $1,125 | $1,790 |
| Edgewater 1 Bedroom Apartments | $1,802 | $1,305 | $2,195 |
| Edgewater 2 Bedroom Apartments | $2,178 | $1,550 | $2,750 |
| Edgewater 3 Bedroom Apartments | $2,531 | $2,143 | $3,195 |
Browse Apartments in this Neighborhood
There are currently 20 rentals with your search options within a 2 mile radius of the Edgewater Neighborhood of Elgin, IL.
See all Apartments in ElginExplore Elgin
Edgewater, Elgin, IL Local Guide
- Nearby Elgin neighborhoods
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Cheapest Available Edgewater Apartments for Rent
The cheapest available apartment rental in the Edgewater area of Chicago, IL is a Studio unit found at Royal Ridge Apartments priced from $1,125. Springs At South Elgin has the second lowest priced unit, which is a Studio apartment currently listed from $1,609. Here are the most affordable Edgewater apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Royal Ridge Apartments | Studio | Studio,1BA | $1,125 |
| Springs At South Elgin | Studio Grand Overlook | Studio,1BA | $1,609 |
| Panton Mill Station | The Beech | 1BR,1BA | $1,725 |
| Seasons at Elgin | 1B | 1BR,1BA | $1,945 |
| Authentix South Elgin | 2-2 BR Retreat Overlook | 2BR,2BA | $1,969 |
Best Value Apartments for Rent in Edgewater, IL
As of December 15, 2025 the best value apartment in the Edgewater area is the $1.92 price per square foot 2-2 BR Retreat Overlook Model at Authentix South Elgin in the in the Valley View neighborhood starting from $1,969. The second greatest value Edgewater apartment is the The Beech Model at Panton Mill Station starting at $1,725 with a $2.04 price per square foot in the Valley View neighborhood. Here is today’s list of the best values for Edgewater apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Authentix South Elgin | 2-2 BR Retreat Overlook | 2BR,2BA | $1.92 |
| Panton Mill Station | The Beech | 1BR,1BA | $2.04 |
| Springs At South Elgin | 1 BR Designer Courtyard Garage | 1BR,1BA | $2.65 |
| Seasons at Elgin | 1B | 1BR,1BA | $2.59 |
| Royal Ridge Apartments | Studio | Studio ,1BA | $2.25 |
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.
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The 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.
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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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Pet Friendly LifestyleEdgewater, Elgin, IL
Ranked #8
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Edgewater, Elgin, IL
School data provided by Great Schools
Frequently Asked Questions about Cheap Edgewater Apartments
How much is rent for a Cheap One Bedroom Edgewater Apartment?
The lowest price for a Cheap One Bedroom Edgewater Apartment is $1,305 at Royal Ridge Apartments.
What is the lowest price for a Cheap Two Bedroom Edgewater Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Edgewater is starting from $1,969 at Authentix South Elgin.
What is the most affordable Edgewater Three Bedroom Apartment?
The best deal on a cheap Edgewater Three Bedroom Apartment rental is at Authentix South Elgin and starts from $2,143.
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
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.
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.