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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 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Edgewater area of Elgin.
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$1,500 - $1,6002 Bedroom Apartments Contact Us For Availability
39 Surrey Dr
51 Surrey 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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2 Bedroom Apartments
1698 Alison Dr
1698 Alison DrElgin, IL 60123
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Studio Apartments
342-350 S Belmont Ave
342-350 S Belmont 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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1 to 2 Bedroom Apartments
Part of PID: 9813701
34 Surrey DrElgin, IL 60123
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1 to 2 Bedroom Apartments
313 Kathleen Dr
313 Kathleen DrElgin, IL 60123
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6 Bedroom Apartments
1489 Meyer St
1489 Meyer StElgin, 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
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1 to 2 Bedroom Apartments
Burnham Manor - 62 & Over
1350 Fleetwood DrElgin, 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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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
$1,734 - $3,009Studio to 3 Bedroom Apartments Available Now
Springs At South Elgin
350 Gyorr AveSouth Elgin, IL 60177
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$1,758 - $2,5021 to 2 Bedroom Apartments Available Now
Panton Mill Station
355 N La Fox StSouth Elgin, IL 60177
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$1,700
Total Monthly Price
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,700
Total Monthly Price
$1,700
613 Dean Dr, Unit #8, Unit #8
613 Dean DrSouth Elgin, IL 60177
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2 Bedroom Apartments
Fox Ridge Apartments
643 Dean DrSouth Elgin, IL 60177
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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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 | $1,705 | $1,250 | $1,790 |
| Edgewater 1 Bedroom Apartments | $1,855 | $1,350 | $2,195 |
| Edgewater 2 Bedroom Apartments | $2,302 | $1,500 | $2,861 |
| Edgewater 3 Bedroom Apartments | $2,719 | $2,396 | $3,195 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 21 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 Royal Ridge Apartments priced from $1,250. Authentix South Elgin has the second lowest priced unit, which is a Studio apartment currently listed from $1,680. 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 | $1,250 |
| Authentix South Elgin | Studio Retreat Overlook | Studio,1BA | $1,680 |
| Panton Mill Station | The Beech | 1BR,1BA | $1,758 |
| Seasons at Elgin | A | Studio,1BA | $1,790 |
| Springs At South Elgin | 1 BR Grand Courtyard | 1BR,1BA | $1,953 |
Best Value Apartments for Rent in Edgewater, IL
As of May 04, 2026 the best value apartment in the Edgewater area is the $1.55 price per square foot 613 Dean Dr Model at 613 Dean Dr, Unit #8 in the in the Valley View neighborhood starting from $1,700. The second greatest value Edgewater apartment is the The Beech Model at Panton Mill Station starting at $1,758 with a $2.08 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. |
|---|---|---|---|
| 613 Dean Dr, Unit #8 | 613 Dean Dr | 2BR,1BA | $1.55 |
| Panton Mill Station | The Beech | 1BR,1BA | $2.08 |
| Springs At South Elgin | 1 BR Designer Courtyard Garage | 1BR,1BA | $2.77 |
| Seasons at Elgin | 1B | 1BR,1BA | $2.59 |
| Authentix South Elgin | Studio Horizon Overlook | Studio ,1BA | $3.19 |
| Royal Ridge Apartments | Studio | Studio ,1BA | $2.50 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleCash 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 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
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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 $1,350 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 $1,959 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 $2,396.
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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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.
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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
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Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.