Cheap Apartments for Rent in the Lords Park Neighborhood of Elgin, IL from $700 (42 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lords Park area of Elgin.

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.

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19-25 Walker Pl
Studio Apartments

19-25 Walker Pl

19-25 Walker PlElgin, IL 60120
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700 Bode Rd
2 Bedroom Apartments

700 Bode Rd

700 Bode RdElgin, IL 60120
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591 Hiawatha Dr
1 Bedroom Apartments

591 Hiawatha Dr

591 Hiawatha DrElgin, IL 60120
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280 Douglas Ave
1 Bedroom Apartments

280 Douglas Ave

280 Douglas AveElgin, IL 60120
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733 Jefferson Ave
1 to 3 Bedroom Apartments

733 Jefferson Ave

733 Jefferson AveElgin, IL 60120

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.

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327 McClure Ave
Studio Apartments

327 McClure Ave

327 McClure AveElgin, IL 60123
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70 S Chapel St
1 Bedroom Apartments

70 S Chapel St

70 S Chapel StElgin, IL 60120
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520 Walnut Ave
1 Bedroom Apartments

520 Walnut Ave

520 Walnut AveElgin, IL 60123
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255 N Spring St
1 to 4 Bedroom Apartments

255 N Spring St

255 N Spring StElgin, IL 60120
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33 Lynch St
Studio to 3 Bedroom Apartments

33 Lynch St

33 Lynch StElgin, IL 60123
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411 Hamilton Ave
2 Bedroom Apartments

411 Hamilton Ave

411 Hamilton AveElgin, IL 60123
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10 N Gifford St
4 Bedroom Apartments

10 N Gifford St

10 N Gifford StElgin, IL 60120

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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6 S Union St
1 Bedroom Apartments

6 S Union St

6 S Union StElgin, IL 60123
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859 Jefferson Ave
1 to 2 Bedroom Apartments

859 Jefferson Ave

859 Jefferson AveElgin, IL 60120
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350 E Chicago St
Studio to 1 Bedroom Apartments

350 E Chicago St

350 E Chicago StElgin, IL 60120
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River West Commons
Studio to 2 Bedroom Apartments

River West Commons

719 W Highland AveElgin, IL 60123
  • Utilities Included
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Roseanne Apartments
Studio to 2 Bedroom Apartments

Roseanne Apartments

401 E Chicago StElgin, IL 60120
  • Utilities Included

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.

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Westwind Tower
1 to 2 Bedroom Apartments

Westwind Tower

104 S State StElgin, IL 60123
Senior Living
  • Utilities Included
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Elgin Tower Lofts
1 to 2 Bedroom Apartments

Elgin Tower Lofts

100 E Chicago StElgin, IL 60120
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WC Kimball
2 Bedroom Apartments

WC Kimball

52 N Crystal AveElgin, IL 60123
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314 E Chicago St
Studio to 1 Bedroom Apartments

314 E Chicago St

314 E Chicago StElgin, IL 60120
  • Utilities Included
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Center City Apartments
Studio to 2 Bedroom Apartments

Center City Apartments

156 Division StElgin, IL 60120
Senior Living
  • Utilities Included
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389 Crystal St
1 to 2 Bedroom Apartments

389 Crystal St

389 N Crystal StElgin, IL 60123
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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831 Bode Rd
1 Bedroom Apartments

831 Bode Rd

831 Bode RdElgin, IL 60120
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1121 Birch Dr
2 Bedroom Apartments

1121 Birch Dr

1121 Birch DrElgin, IL 60120
  • Utilities Included

Lords Park, Elgin, IL Local Guide

Cheapest Available Lords Park Apartments for Rent

 

The cheapest available apartment rental in the Lords Park area of Chicago, IL is a 2 Beds unit found at Squire Village Apartments priced from $1,156. River's Landing Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,235. Here are the most affordable Lords Park apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Squire Village Apartments2BR/1.5BA2BR,1BA$1,156
River's Landing Apartments1 Bedroom 1 Bath 675 sq ft1BR,1BA$1,235
Blackhawk Apartment HomesOne Bedroom - 598 sqft1BR,1BA$1,370
Fountain Square2 Bed/ 2 Bath2BR,2BA$2,200

Best Value Apartments for Rent in Lords Park, IL

As of June 14, 2026 the best value apartment in the Lords Park 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 Lords Park 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 Lords Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Squire Village Apartments4BR/1.5BA4BR,1.5BA$0.88
Fountain Square2 Bed/ 2 Bath/ Den2BR,2.5BA$2.00
River's Landing Apartments2 Bedroom 1 Bath 775 sq ft2BR,1BA$1.87
Blackhawk Apartment HomesOne Bedroom - 598 sqft1BR,1BA$2.29

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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Real 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.

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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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Lifestyle Ratings

Our team of engineers and researchers compares millions of points of data to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities and towns across the United States including Lords Park, Elgin, and the greater Chicago area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, transit availability, pet-friendly communities, family-friendliness, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Lords Park Apartments

What is the price of a cheap apartment in Lords Park?

The cheapest apartment in Lords Park is River's Landing Apartments which is listed at $1,235, while the average apartment in Lords Park costs $17,724.

What types of apartments are the cheapest in Lords Park?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in Lords Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

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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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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.

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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.

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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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.