Cheap Homes for Rent in Elgin, IL from $1,200 (15 Rentals)

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property at 33 N Jane Dr

33 N Jane Dr

ElginIL60123
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Elgin, IL Local Guide

Cheapest Neighborhoods for Apartments in Elgin, IL

Pricing Updated: 10/26/2025

Current apartment rentals in the Elgin, IL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Elgin Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Grant School Park$5,224$82638

Cheapest Available Elgin Apartments for Rent

 

The cheapest available apartment rental in Elgin, IL is a Studio unit found at Royal Ridge Apartments in the Edgewater neighborhood priced from $1,125. River's Landing Apartments in the Beacon Pointe neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,185. Here is today’s list of the most affordable Elgin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Royal Ridge ApartmentsStudioStudio,1BA$1,125
River's Landing Apartments1 Bedroom 1 Bath 675 sq ft1BR,1BA$1,185
39 Surrey Dr39 Surrey2BR,1BA$1,400
Blackhawk Apartment HomesOne Bedroom - 711 sqft1BR,1BA$1,415
Authentix South ElginStudio Horizon CourtyardStudio,1BA$1,457

Best Value Apartments for Rent in Elgin, IL

As of October 26, 2025 the best value apartment in the Elgin area is the $1.31 price per square foot Four Bedroom Model at Princeton West Townhomes in the in the Beacon Pointe neighborhood starting from $3,400. The second greatest value Elgin apartment is the 2 Bed 1 Bath Model at WC Kimball starting at $1,895 with a $1.58 price per square foot in the Grant Park neighborhood. Here is today’s list of the best values for Elgin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Princeton West TownhomesFour Bedroom4BR,5BA$1.31
WC Kimball2 Bed 1 Bath2BR,1BA$1.58
333 Raymond St2 bedroom2BR,1BA$1.41
438 Villa St, Unit Unit 1438 Villa St4BR,2BA$1.82
1900 at Canterfield Apartment HomesB2- Lower2BR,2BA$2.11
39 Surrey Dr39 Surrey2BR,1BA$1.65
Panton Mill StationThe Beech1BR,1BA$2.20
The Villages at CanterfieldA1BR,1BA$2.17
Blackhawk Apartment HomesOne Bedroom - 700 sqft1BR,1BA$2.09
River's Landing Apartments1 Bedroom 1 Bath 675 sq ft1BR,1BA$1.76

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Best Local Schools in
Elgin, IL

School data provided by Great Schools

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Frequently Asked Questions about Elgin

What type of rentals are currently available in Elgin?

There are currently 233 Apartments for Rent in Elgin, IL with pricing that ranges from $826 to $8,780. There are also 80 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elgin ranging from $1,200 to $4,200.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Elgin ranges from $1,200 to $4,200 with an average monthly rent of $2,288.

How much are larger Three and Four Bedroom Rentals in Elgin?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Elgin range from $1,855 to $3,556, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,550 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,595 and Four Bedroom Apartments start at $2,000.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.