close
View Me
Rent Specials
$1,400 - $1,500Studio Apartments Available Now
Royal Ridge Apartments
237 Robert DrElgin, IL 60123
Cheap Apartments for Rent in the Edgewater Neighborhood of Elgin, IL from $850 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Edgewater area of Elgin.
close
View Me
Studio Apartments
342-350 S Belmont Ave
342-350 S Belmont AveElgin, IL 60123
close
View Me
2 Bedroom Apartments
1698 Alison Dr
1698 Alison DrElgin, IL 60123
close
View Me
1 Bedroom Apartments
1539-1541 Meyer St
1539-1541 Meyer StElgin, IL 60123
close
View Me
Studio to 2 Bedroom Apartments
61 N Aldine Ave
61 N Aldine AveElgin, IL 60123
close
View Me
Studio Apartments
1459 Meyer St
1459 Meyer StElgin, IL 60123
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
close
View Me
6 Bedroom Apartments
1489 Meyer St
1489 Meyer StElgin, IL 60123
close
View Me
1 to 2 Bedroom Apartments
313 Kathleen Dr
313 Kathleen DrElgin, IL 60123
close
View Me
1 to 2 Bedroom Apartments
Part of PID: 9813701
34 Surrey DrElgin, IL 60123
close
View Me
1 Bedroom Apartments
1529 Meyer St
1529 Meyer StElgin, IL 60123
close
View Me
1 Bedroom Apartments
6 S Union St
6 S Union StElgin, IL 60123
close
View Me
Studio to 2 Bedroom Apartments
River West Commons
719 W Highland AveElgin, IL 60123
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.
close
View Me
Studio to 3 Bedroom Apartments
39 Surrey Dr
51 Surrey DrElgin, IL 60123
close
View Me
1 to 2 Bedroom Apartments
Burnham Manor - 62 & Over
1350 Fleetwood DrElgin, IL 60123
close
View Me
1 to 3 Bedroom Apartments
Buena Vista Apartments & Townhomes
1285 Fleetwood DrElgin, IL 60123
close
View Me
2 Bedroom Apartments
1990 Larkin Ave, Elgin, IL 60123
1990 Larkin AveElgin, IL 60123
close
View Me
Studio Apartments
450 S Belmont Ave
450 S Belmont AveElgin, IL 60123
close
View Me
Rent Specials
$1,691 - $2,564Studio to 3 Bedroom Apartments Available Now
Springs At South Elgin
350 Gyorr AveSouth Elgin, IL 60177
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.
close
View Me
$1,743 - $2,7361 to 2 Bedroom Apartments Available Now
Panton Mill Station
355 N La Fox StSouth Elgin, IL 60177
close
View Me
2 Bedroom Apartments
Fox Ridge Apartments
643 Dean DrSouth Elgin, IL 60177
Showing Results 1-20, Page 1 of 1
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 | $1,655 | $1,400 | $2,003 |
| Edgewater 1 Bedroom Apartments | $1,994 | $1,689 | $3,084 |
| Edgewater 2 Bedroom Apartments | $2,304 | $2,065 | $3,929 |
| Edgewater 3 Bedroom Apartments | $2,719 | $2,289 | $4,485 |
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
- Nearby Cities
- ZIP codes
- Local Counties
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 $1,400. Authentix South Elgin has the second lowest priced unit, which is a Studio apartment currently listed from $1,547. 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 | $1,400 |
| Authentix South Elgin | Studio Horizon Overlook | Studio,1BA | $1,547 |
| Springs At South Elgin | 1 BR Grand Courtyard | 1BR,1BA | $1,762 |
| Panton Mill Station | The Linden | 1BR,1BA | $1,793 |
| Seasons at Elgin | 1A | 1BR,1BA | $1,895 |
Best Value Apartments for Rent in Edgewater, IL
As of September 05, 2026 the best value apartment in the Edgewater area is the $2.34 price per square foot The Linden Model at Panton Mill Station in the in the Valley View neighborhood starting from $1,793. The second greatest value Edgewater apartment is the 1 BR Designer Courtyard Model at Springs At South Elgin starting at $1,842 with a $2.42 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 Linden | 1BR,1BA | $2.34 |
| Springs At South Elgin | 1 BR Designer Courtyard | 1BR,1BA | $2.42 |
| Seasons at Elgin | 1B | 1BR,1BA | $2.64 |
| Authentix South Elgin | Studio Horizon Courtyard | Studio ,1BA | $3.53 |
| Royal Ridge Apartments | Studio | Studio ,1BA | $2.80 |
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 Article
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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.
Read Article
Quick 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.
Let everyone know!
Do you know the Edgewater area?
If you’re an expert on all things Edgewater, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 Royal Ridge Apartments listed at $1,400.
How much is rent for a Cheap One Bedroom Edgewater Apartment?
The lowest price for a Cheap One Bedroom Edgewater Apartment is $1,598 at Authentix South Elgin.
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 $2,008 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 Springs At South Elgin and starts from $2,539.
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
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
Written by: Nicole Harms
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.
Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Written by: Nicole Harms
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.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
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.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.