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Rent Specials
$1,250 - $1,350Studio 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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Studio Apartments
342-350 S Belmont Ave
342-350 S Belmont AveElgin, IL 60123
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2 Bedroom Apartments
1698 Alison Dr
1698 Alison DrElgin, IL 60123
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1 Bedroom Apartments
1539-1541 Meyer St
1539-1541 Meyer StElgin, IL 60123
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Studio to 2 Bedroom Apartments
61 N Aldine Ave
61 N Aldine AveElgin, IL 60123
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Studio Apartments
1459 Meyer St
1459 Meyer StElgin, IL 60123
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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6 Bedroom Apartments
1489 Meyer St
1489 Meyer StElgin, IL 60123
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1 to 2 Bedroom Apartments
313 Kathleen Dr
313 Kathleen DrElgin, IL 60123
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1 to 2 Bedroom Apartments
Part of PID: 9813701
34 Surrey DrElgin, IL 60123
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1 Bedroom Apartments
1529 Meyer St
1529 Meyer StElgin, IL 60123
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1 Bedroom Apartments
6 S Union St
6 S Union StElgin, IL 60123
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Studio to 2 Bedroom Apartments
River West Commons
719 W Highland AveElgin, IL 60123
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 3 Bedroom Apartments
39 Surrey Dr
51 Surrey DrElgin, IL 60123
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1 to 2 Bedroom Apartments
Burnham Manor - 62 & Over
1350 Fleetwood DrElgin, IL 60123
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1 to 3 Bedroom Apartments
Buena Vista Apartments & Townhomes
1285 Fleetwood DrElgin, IL 60123
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2 Bedroom Apartments
1990 Larkin Ave, Elgin, IL 60123
1990 Larkin AveElgin, IL 60123
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Studio Apartments
450 S Belmont Ave
450 S Belmont AveElgin, IL 60123
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Rent Specials
$1,729 - $2,899Studio 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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$1,803 - $2,3881 to 2 Bedroom Apartments Available Now
Panton Mill Station
355 N La Fox StSouth Elgin, IL 60177
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2 Bedroom Apartments
Fox Ridge Apartments
643 Dean DrSouth Elgin, IL 60177
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Edgewater, Elgin, IL Local Guide
How much does it cost to rent an apartment in Edgewater?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Edgewater Studio Apartments | $1,676 | $1,250 | $1,790 |
| Edgewater 1 Bedroom Apartments | $1,888 | $1,350 | $2,195 |
| Edgewater 2 Bedroom Apartments | $2,404 | $1,991 | $2,788 |
| Edgewater 3 Bedroom Apartments | $2,901 | $2,516 | $4,864 |
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
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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 39 Surrey Dr priced from $1,100. Royal Ridge Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,250. Here are the most affordable Edgewater apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 39 Surrey Dr | 39 Surrey Drive | Studio,1BA | $1,100 |
| Royal Ridge Apartments | Studio | Studio,1BA | $1,250 |
| Authentix South Elgin | Studio Horizon Overlook | Studio,1BA | $1,652 |
| Panton Mill Station | The Beech | 1BR,1BA | $1,803 |
| Springs At South Elgin | 1 BR Designer Overlook | 1BR,1BA | $1,811 |
Best Value Apartments for Rent in Edgewater, IL
As of June 21, 2026 the best value apartment in the Edgewater area is the $2.13 price per square foot The Beech Model at Panton Mill Station in the in the Valley View neighborhood starting from $1,803. The second greatest value Edgewater apartment is the 1 BR Grand Courtyard Model at Springs At South Elgin starting at $1,824 with a $2.24 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. |
|---|---|---|---|
| Panton Mill Station | The Beech | 1BR,1BA | $2.13 |
| Springs At South Elgin | 1 BR Grand Courtyard | 1BR,1BA | $2.24 |
| Seasons at Elgin | 1B | 1BR,1BA | $2.59 |
| 39 Surrey Dr | 39 Surrey Drive | Studio ,1BA | $1.69 |
| Authentix South Elgin | Studio Horizon Courtyard | Studio ,1BA | $3.09 |
| Royal Ridge Apartments | Studio | Studio ,1BA | $2.50 |
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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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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Best Local Schools in Edgewater, Elgin, IL
School data provided by Great Schools
Frequently Asked Questions about Cheap Edgewater Apartments
What is the Cheapest Studio apartment in Edgewater?
Currently the most affordable Cheap Studio Apartment in Edgewater is at 39 Surrey Dr listed at $1,100.
How much is rent for a Cheap One Bedroom Edgewater Apartment?
The lowest price for a Cheap One Bedroom Edgewater Apartment is $1,350 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 $2,031 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 $2,842.
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
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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
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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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Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.