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$9501 Bedroom Apartments Available Now
320 Percy St, Unit 3
320 Percy StElgin, IL 60120
Cheap Homes for Rent in Elgin, IL from $1,300 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Elgin.
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$1,3001 Bedroom Apartments Available Jun 15
363 Prairie St, Unit 4
363 Prairie StElgin, IL 60120
292 Villa St
ElginIL60120
65 N Aldine St, Unit 2, Unit 2
65 N Aldine St
ElginIL60123
119 Tennyson Ct
ElginIL60120
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.
1493 Keystone Ct
ElginIL60120
2245 Aurora Dr
Pingree GroveIL60140
1124 Lake Terrace Rd
ElginIL60123
82 Northshore Rd
ElginIL60123
2225 Aurora Dr
Pingree GroveIL60140
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.
2220 Aurora Dr
Pingree GroveIL60140
516 Hendee St
ElginIL60123
1712 College Green Dr
ElginIL60123
1110 Manchester Ct
South ElginIL60177
1103 Stratford Ct
ElginIL60120
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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$2,1001 Bedroom Apartments Available Sep 17
50 Canterfield Pkwy W, Unit 1801
50 Canterfield Pkwy WWest Dundee, IL 60118
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Elgin, IL Local Guide
How much does it cost to rent a home in Elgin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elgin 2 Bedroom Homes for Rent | $2,176 | $1,350 | $3,000 |
| Elgin 3 Bedroom Homes for Rent | $2,733 | $2,000 | $3,300 |
| Elgin 4 Bedroom Homes for Rent | $3,571 | $3,000 | $4,500 |
| Elgin 5 Bedroom Homes for Rent | $5,400 | $5,400 | $5,400 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Elgin, IL Local Guide
- Elgin Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Elgin, IL
Pricing Updated: 05/20/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Grant School Park | $17,724 | $826 | 25 |
Cheapest Available Elgin Apartments for Rent
The cheapest available apartment rental in Elgin, IL is a 3 Beds unit found at Fox River Townhomes in the Beacon Pointe neighborhood priced from $988. Squire Village Apartments in the Beacon Pointe neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,156. Here is today’s list of the most affordable Elgin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fox River Townhomes | 3x1 | 3BR,1BA | $988 |
| Squire Village Apartments | 2BR/1.5BA | 2BR,1BA | $1,156 |
| Royal Ridge Apartments | Studio | Studio,1BA | $1,250 |
| Westwind Tower | STUDIO | 1BR,1BA | $1,355 |
| Blackhawk Apartment Homes | One Bedroom - 723 sqft | 1BR,1BA | $1,510 |
Best Value Apartments for Rent in Elgin, IL
As of May 20, 2026 the best value apartment in the Elgin area is the $0.88 price per square foot 4BR/1.5BA Model at Squire Village Apartments in the in the Beacon Pointe neighborhood starting from $1,482. The second greatest value Elgin apartment is the 2 Bed/ 2 Bath/ Den Model at Fountain Square starting at $2,600 with a $2.00 price per square foot in the College Green neighborhood. Here is today’s list of the best values for Elgin apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Squire Village Apartments | 4BR/1.5BA | 4BR,1.5BA | $0.88 |
| Fountain Square | 2 Bed/ 2 Bath/ Den | 2BR,2.5BA | $2.00 |
| Fox River Townhomes | 3x1 | 3BR,1BA | $1.02 |
| Reserve Randall Road | Pinehurst | 1BR,1BA | $2.30 |
| Panton Mill Station | The Linden | 1BR,1BA | $2.35 |
| 1900 at Canterfield Apartment Homes | A1- Lower | 1BR,1BA | $2.50 |
| Seasons at Elgin | 1B | 1BR,1BA | $2.59 |
| Wing Park Residence | wp-1bs | 1BR,1BA | $2.14 |
| Blackhawk Apartment Homes | One Bedroom - 723 sqft | 1BR,1BA | $2.11 |
| 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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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters
A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com
Read ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com
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 ArticleQuick 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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Elgin, ILPopulation: 111,683
Ranked #266
in US Census Population by City
Best Local Schools in Elgin, IL
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Elgin
What type of rentals are currently available in Elgin?
There are currently 229 Apartments for Rent in Elgin, IL with pricing that ranges from $826 to $17,743. There are also 70 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elgin ranging from $1,350 to $5,400.
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 $1,350 to $5,400 with an average monthly rent of $3,076.
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 $2,150 to $3,657, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $3,300. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $1,482.
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
Written by: Nicole Harms
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
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
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.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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.