Cheap Homes for Rent in Edgewater Neighborhood of Elgin, IL from $1,600 (5 Rentals)

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Search the lowest-cost Homes available for rent right now in the Edgewater area of Elgin.

property at 33 N Jane Dr

33 N Jane Dr

ElginIL60123

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.

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.

Edgewater, Elgin, IL Local Guide

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. 39 Surrey Dr has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,400. Here are the most affordable Edgewater apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Royal Ridge ApartmentsStudioStudio,1BA$1,125
39 Surrey Dr39 Surrey2BR,1BA$1,400
Authentix South ElginStudio Retreat CourtyardStudio,1BA$1,578

Best Value Apartments for Rent in Edgewater, IL

As of October 27, 2025 the best value apartment in the Edgewater area is the $1.65 price per square foot 39 Surrey Model at 39 Surrey Dr in the in the West Ridge Village neighborhood starting from $1,400. The second greatest value Edgewater apartment is the The Beech Model at Panton Mill Station starting at $1,856 with a $2.20 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 ListingModel NameBed/BathPrice Per Sq.Ft.
39 Surrey Dr39 Surrey2BR,1BA$1.65
Panton Mill StationThe Beech1BR,1BA$2.20
Seasons at Elgin1B1BR,1BA$2.59
Springs At South ElginStudio Grand OverlookStudio ,1BA$2.56
Authentix South ElginStudio Retreat CourtyardStudio ,1BA$2.54
Royal Ridge ApartmentsStudioStudio ,1BA$2.25

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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.

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Pet Friendly Lifestyle
Edgewater, Elgin, IL

Ranked #9

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Edgewater

What type of rentals are currently available in Edgewater?

There are currently 46 Apartments for Rent in Edgewater, IL with pricing that ranges from $1,125 to $3,195. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in Edgewater ranging from $1,650 to $4,200.

What is the current price range for Rental Homes in Edgewater?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Edgewater ranges from $1,650 to $4,200 with an average monthly rent of $2,973.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.