Cheap Homes for Rent in Elgin, IL from $1,500 (19 Rentals)

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property at 1335 Abbott Dr

1335 Abbott Dr

ElginIL60123
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Elgin, IL Local Guide

Cheapest Neighborhoods for Apartments in Elgin, IL

Pricing Updated: 09/05/2025

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$2,550$82634

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. 269 Douglas Ave in the Southeast Elgin Cook neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,390. Here is today’s list of the most affordable Elgin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Royal Ridge ApartmentsStudioStudio,1BA$1,125
269 Douglas AveApt 31BR,1BA$1,390
278 Douglas AveApt 11BR,1BA$1,390
39 Surrey Dr39 Surrey2BR,1BA$1,400
Blackhawk Apartment HomesOne Bedroom - 723 sqft1BR,1BA$1,480

Best Value Apartments for Rent in Elgin, IL

As of September 05, 2025 the best value apartment in the Elgin area is the $1.86 price per square foot B4- Upper Model at 1900 at Canterfield Apartment Homes in the in the West Ridge Village neighborhood starting from $2,203. The second greatest value Elgin apartment is the Kingsmill Model at Reserve Randall Road starting at $2,390 with a $2.16 price per square foot in the Willoughby Farms 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.
1900 at Canterfield Apartment HomesB4- Upper2BR,2BA$1.86
Reserve Randall RoadKingsmill2BR,2BA$2.16
438 Villa St, Unit 1438 Villa St4BR,2BA$2.18
Seasons at Elgin1G1BR,1BA$2.11
39 Surrey Dr39 Surrey2BR,1BA$1.65
Panton Mill StationThe Linden1BR,1BA$2.22
The Villages at CanterfieldA1BR,1BA$2.17
269 Douglas AveApt 31BR,1BA$1.85
278 Douglas AveApt 11BR,1BA$1.85
Blackhawk Apartment HomesOne Bedroom - 700 sqft1BR,1BA$2.12

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Best Local Schools in
Elgin, IL

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Frequently Asked Questions about Elgin

What type of rentals are currently available in Elgin?

There are currently 234 Apartments for Rent in Elgin, IL with pricing that ranges from $826 to $6,000. There are also 84 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elgin ranging from $1,525 to $3,895.

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 $1,525 to $3,895 with an average monthly rent of $2,487.

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 $1,700 to $3,556, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $3,800. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $2,400.

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

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.