314 E Chicago St
ElginIL60120
Cheap Homes for Rent in Elgin, IL from $800 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Elgin.
427 Lucile Ave
ElginIL60120
422 South St
ElginIL60123
608 Cooper Ave
ElginIL60120
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.
119 Tennyson Ct
ElginIL60120
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821 Bode Rd
ElginIL60120
603 Mill St
ElginIL60123
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
158 N Liberty St
ElginIL60120
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Elgin, IL Local Guide
Elgin Tower Building by Wiki User: Lillerphoto is licensed under CC BY-SA 3.0
How much does it cost to rent a home in Elgin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elgin 2 Bedroom Homes for Rent | $2,110 | $1,350 | $2,800 |
| Elgin 3 Bedroom Homes for Rent | $2,765 | $900 | $3,800 |
| Elgin 4 Bedroom Homes for Rent | $3,278 | $2,200 | $3,950 |
| Elgin 5 Bedroom Homes for Rent | $6,300 | $6,300 | $6,300 |
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Elgin, IL Local Guide
- Elgin Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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Cheapest Neighborhoods for Apartments in Elgin, IL
Pricing Updated: 07/21/2025Current 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 | $2,649 | $826 | 34 |
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 West Ridge Village neighborhood priced from $1,125. Blackhawk Apartment Homes in the Beacon Pointe neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,400. Here is today’s list of the most affordable Elgin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Royal Ridge Apartments | Studio | Studio,1BA | $1,125 |
| Blackhawk Apartment Homes | One Bedroom - 723 sqft | 1BR,1BA | $1,400 |
| 39 Surrey Dr | 39 Surrey | 2BR,1BA | $1,400 |
Best Value Apartments for Rent in Elgin, IL
As of July 22, 2025 the best value apartment in the Elgin area is the $2.10 price per square foot Inverness Model at Reserve Randall Road in the in the Willoughby Farms neighborhood starting from $2,548. The second greatest value Elgin apartment is the 613 Dean Dr Model at 613 Dean Dr, Unit #6 starting at $1,700 with a $1.55 price per square foot in the Valley View 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. |
|---|---|---|---|
| Reserve Randall Road | Inverness | 2BR,2BA | $2.10 |
| 613 Dean Dr, Unit #6 | 613 Dean Dr | 2BR,1BA | $1.55 |
| 443 Jefferson Ave, Unit 3 | 443 Jefferson Ave | 1BR,1BA | $1.86 |
| 39 Surrey Dr | 39 Surrey | 2BR,1BA | $1.65 |
| Fountain Square | 1Bed/1Bath | 1BR,1BA | $2.32 |
| 125 W Main St, Unit B | 125 W Main St | 1BR,1BA | $2.00 |
| The Villages at Canterfield | A | 1BR,1BA | $2.17 |
| 1900 at Canterfield Apartment Homes | A1- Lower | 1BR,1BA | $2.24 |
| Blackhawk Apartment Homes | One Bedroom - 723 sqft | 1BR,1BA | $1.95 |
| Royal Ridge Apartments | Studio | Studio ,1BA | $2.25 |
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Frequently Asked Questions about Elgin
What type of rentals are currently available in Elgin?
There are currently 228 Apartments for Rent in Elgin, IL with pricing that ranges from $826 to $6,000. There are also 74 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elgin ranging from $850 to $6,300.
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 $850 to $6,300 with an average monthly rent of $3,142.
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.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.