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$3,100 - $3,4003 to 4 Bedroom Apartments Contact Us For Availability
Princeton West Townhomes
1212 Bradley CirElgin, IL 60120
Cheap Apartments for Rent in the Parkwood Neighborhood of Elgin, IL from $700 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkwood area of Elgin.
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$1,335 - $3,0911 to 3 Bedroom Apartments Available Now
Blackhawk Apartment Homes
926 Congdon AveElgin, IL 60120
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$2,200 - $3,1002 to 3 Bedroom Apartments Available Now
Fountain Square
50 S Grove AveElgin, IL 60120
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$826 - $1,2021 to 2 Bedroom Apartments Contact Us For Availability
Fox River Crossing
300 N State StElgin, IL 60123
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Rent Specials
$1,025 - $1,450Studio to 2 Bedroom Apartments Available Now
River's Landing Apartments
3 Times SqElgin, IL 60120
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$1,156 - $1,7222 to 4 Bedroom Apartments Available Now
Squire Village Apartments
1146 Yew CtElgin, IL 60120
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2 to 3 Bedroom Apartments
Alfamerica LLC-398 E Chicago St
398 E Chicago StElgin, IL 60120
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1 to 4 Bedroom Apartments
Crestwood of Elgin
45 Poplar Creek DrElgin, IL 60120
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Studio Apartments
19-25 Walker Pl
19-25 Walker PlElgin, IL 60120
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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1 to 3 Bedroom Apartments
723-729 N Jefferson St
723-729 N Jefferson StElgin, IL 60120
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1 Bedroom Apartments
591 Hiawatha Dr
591 Hiawatha DrElgin, IL 60120
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Studio Apartments
Old Oaks Estates
850 Villa StElgin, IL 60120
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2 Bedroom Apartments
700 Bode Rd
700 Bode RdElgin, IL 60120
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4 Bedroom Apartments
10 N Gifford St
10 N Gifford StElgin, IL 60120
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1 Bedroom Apartments
70 S Chapel St
70 S Chapel StElgin, IL 60120
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Studio to 3 Bedroom Apartments
33 Lynch St
33 Lynch StElgin, IL 60123
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1 Bedroom Apartments
520 Walnut Ave
520 Walnut AveElgin, IL 60123
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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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1 to 4 Bedroom Apartments
255 N Spring St
255 N Spring StElgin, IL 60120
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1 Bedroom Apartments
280 Douglas Ave
280 Douglas AveElgin, IL 60120
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1 to 2 Bedroom Apartments
859 Jefferson Ave
859 Jefferson AveElgin, IL 60120
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Studio to 1 Bedroom Apartments
350 E Chicago St
350 E Chicago StElgin, IL 60120
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1 Bedroom Apartments
919 Jefferson Ave
919 Jefferson AveElgin, IL 60120
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6 Bedroom Apartments
120-122 N Spring St
120-122 N Spring StElgin, IL 60120
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Studio Apartments
2000 Ivy Ridge Dr
2000 Ivy Ridge DrElgin, IL 60120
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Studio to 3 Bedroom Apartments
363 Prairie St
363 Prairie StElgin, IL 60120
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Studio to 2 Bedroom Apartments
Roseanne Apartments
401 E Chicago 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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Studio to 3 Bedroom Apartments
Elgin Artspace Lofts - For Artists Only
51 S Spring StElgin, IL 60120
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1 to 3 Bedroom Apartments
Burnham Schoolhouse
260 Center StElgin, IL 60120
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2 Bedroom Apartments
Torrey Pines Apartments
11-25 S Porter StElgin, IL 60120
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1 to 2 Bedroom Apartments
Westwind Tower
104 S State StElgin, IL 60123
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1 to 2 Bedroom Apartments
Elgin Tower Lofts
100 E Chicago StElgin, IL 60120
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2 Bedroom Apartments
WC Kimball
52 N Crystal AveElgin, IL 60123
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1 to 3 Bedroom Apartments
Buena Vista Towers
222 Locust StElgin, IL 60123
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Studio to 2 Bedroom Apartments
Center City Apartments
156 Division StElgin, IL 60120
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Studio to 1 Bedroom Apartments
314 E Chicago St
314 E Chicago StElgin, IL 60120
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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2 Bedroom Apartments
1121 Birch Dr
1121 Birch DrElgin, IL 60120
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1 Bedroom Apartments
831 Bode Rd
831 Bode RdElgin, IL 60120
Showing Results 1-38, Page 1 of 1
Parkwood, Elgin, IL Local Guide
How much does it cost to rent an apartment in Parkwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Parkwood Studio Apartments | $1,025 | $1,025 | $1,025 |
| Parkwood 1 Bedroom Apartments | $1,397 | $826 | $1,635 |
| Parkwood 2 Bedroom Apartments | $1,771 | $967 | $2,800 |
| Parkwood 3 Bedroom Apartments | $2,737 | $1,650 | $3,100 |
| Parkwood 4 Bedroom Apartments | $8,753 | $1,482 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 38 rentals with your search options within a 2 mile radius of the Parkwood Neighborhood of Elgin, IL.
See all Apartments in ElginExplore Elgin
Parkwood, Elgin, IL Local Guide
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Cheapest Available Parkwood Apartments for Rent
The cheapest available apartment rental in the Parkwood 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 Parkwood apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Squire Village Apartments | 2BR/1.5BA | 2BR,1BA | $1,156 |
| River's Landing Apartments | 1 Bedroom 1 Bath 675 sq ft | 1BR,1BA | $1,235 |
| Westwind Tower | STUDIO | 1BR,1BA | $1,355 |
| Blackhawk Apartment Homes | One Bedroom - 723 sqft | 1BR,1BA | $1,430 |
| Fountain Square | 2 Bed/ 2 Bath | 2BR,2BA | $2,200 |
Best Value Apartments for Rent in Parkwood, IL
As of July 16, 2026 the best value apartment in the Parkwood 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 Parkwood 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 Parkwood 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 |
| 443 Jefferson Ave, Unit #4 - 1 bed 1 bath | 443 Jefferson Ave | 1BR,1BA | $1.55 |
| Blackhawk Apartment Homes | One Bedroom - 723 sqft | 1BR,1BA | $1.99 |
| River's Landing Apartments | 1 Bedroom 1 Bath 675 sq ft | 1BR,1BA | $1.83 |
| Westwind Tower | STUDIO | 1BR,1BA | $3.96 |
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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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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Best Local Schools in Parkwood, Elgin, IL
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Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities and towns across the United States and customized analysis for Northwest Chicago, IL. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and proximity to parks, kid and pet-friendly communities, availability of transit options, walking, and biking. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Parkwood Apartments
How much is rent for a Cheap One Bedroom Parkwood Apartment?
The lowest price for a Cheap One Bedroom Parkwood Apartment is $1,235 at River's Landing Apartments.
What is the lowest price for a Cheap Two Bedroom Parkwood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Parkwood is starting from $1,156 at Squire Village Apartments.
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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
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.
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.