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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 $750 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkwood area of Elgin.
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$1,525 - $3,8121 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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$1,175 - $1,4451 to 2 Bedroom Apartments Contact Us For Availability
Fox River Crossing
300 N State StElgin, IL 60123
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$1,025 - $1,450Studio to 2 Bedroom Apartments Available Now
River's Landing Apartments
3 Times SqElgin, IL 60120
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$962 - $1,7221 to 4 Bedroom Apartments Contact Us For Availability
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
Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms
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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
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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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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1 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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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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
Elgin Tower Lofts
100 E Chicago StElgin, IL 60120
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1 to 2 Bedroom Apartments
Westwind Tower
104 S State StElgin, IL 60123
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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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2 Bedroom Apartments
1121 Birch Dr
1121 Birch DrElgin, IL 60120
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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1 Bedroom Apartments
831 Bode Rd
831 Bode RdElgin, IL 60120
Showing Results 1-37, 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 | $937 | $850 | $1,025 |
| Parkwood 1 Bedroom Apartments | $1,506 | $962 | $1,700 |
| Parkwood 2 Bedroom Apartments | $1,868 | $1,156 | $2,800 |
| Parkwood 3 Bedroom Apartments | $2,623 | $1,334 | $3,100 |
| Parkwood 4 Bedroom Apartments | $2,501 | $1,482 | $3,400 |
Browse Apartments in this Neighborhood
There are currently 37 rentals with your search options within a 2 mile radius of the Parkwood Neighborhood of Elgin, IL.
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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 1 Bed unit found at River's Landing Apartments priced from $1,235. Blackhawk Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,640. Here are the most affordable Parkwood apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| River's Landing Apartments | 1 Bedroom 1 Bath 675 sq ft | 1BR,1BA | $1,235 |
| Blackhawk Apartment Homes | One Bedroom - 723 sqft | 1BR,1BA | $1,640 |
| Fountain Square | 2 Bed/ 2 Bath | 2BR,2BA | $2,200 |
Best Value Apartments for Rent in Parkwood, IL
As of August 30, 2026 the best value apartment in the Parkwood area is the $2.00 price per square foot 2 Bed/ 2 Bath/ Den Model at Fountain Square in the in the College Green neighborhood starting from $2,600. The second greatest value Parkwood apartment is the One Bedroom - 723 sqft Model at Blackhawk Apartment Homes starting at $1,640 with a $2.29 price per square foot in the Beacon Pointe 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. |
|---|---|---|---|
| Fountain Square | 2 Bed/ 2 Bath/ Den | 2BR,2.5BA | $2.00 |
| Blackhawk Apartment Homes | One Bedroom - 723 sqft | 1BR,1BA | $2.29 |
| River's Landing Apartments | 1 Bedroom 1 Bath 675 sq ft | 1BR,1BA | $1.83 |
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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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
What is the price of a cheap apartment in Parkwood?
The cheapest apartment in Parkwood is River's Landing Apartments which is listed at $1,235, while the average apartment in Parkwood costs $1,682.
What types of apartments are the cheapest in Parkwood?
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 1 regular apartments in Parkwood 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.
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The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Written by: Nicole Harms
When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.
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I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.
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Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.
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From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
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Rent According to Income: A Look at Income-Restricted Rentals
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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.