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$2,900 - $3,6003 to 4 Bedroom Apartments Available Now
Princeton West Townhomes
1212 Bradley CirElgin, IL 60120
Cheap Apartments for Rent in the Parkwood Neighborhood of Elgin, IL from $700 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkwood area of Elgin.
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Rent Specials
$1,900 - $2,8001 to 3 Bedroom Apartments Available Now
Fountain Square
50 S Grove AveElgin, IL 60120
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$1,300 - $2,7951 to 3 Bedroom Apartments Available Now
Blackhawk Apartment Homes
926 Congdon 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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$1,025 - $1,400Studio to 2 Bedroom Apartments Available Now
River's Landing Apartments
3 Times SqElgin, IL 60120
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$1,141 - $1,3081 to 2 Bedroom Apartments Contact Us For Availability
Squire Village Apartments
1146 Yew CtElgin, IL 60120
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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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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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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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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.
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Showing Results 1-39, Page 1 of 1
Parkwood, 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 an apartment in Parkwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Parkwood Studio Apartments | $1,025 | $1,025 | $1,025 |
| Parkwood 1 Bedroom Apartments | $1,366 | $826 | $1,900 |
| Parkwood 2 Bedroom Apartments | $1,777 | $967 | $2,800 |
| Parkwood 3 Bedroom Apartments | $2,415 | $1,500 | $3,200 |
| Parkwood 4 Bedroom Apartments | $4,815 | $2,000 | $6,948 |
Browse Apartments in this Neighborhood
There are currently 39 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
- Nearby Elgin neighborhoods
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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 $1,185. Blackhawk Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,370. 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 | $1,185 |
| Blackhawk Apartment Homes | One Bedroom - 723 sqft | 1BR,1BA | $1,370 |
| WC Kimball | 2 Bed 1 Bath | 2BR,1BA | $1,895 |
| Fountain Square | 1Bed/1Bath | 1BR,1BA | $1,900 |
| Princeton West Townhomes | Middle Unit | 3BR,4BA | $2,900 |
Best Value Apartments for Rent in Parkwood, IL
As of December 03, 2025 the best value apartment in the Parkwood area is the $1.31 price per square foot Four Bedroom Model at Princeton West Townhomes in the in the Beacon Pointe neighborhood starting from $3,400. The second greatest value Parkwood apartment is the 2 Bed 1 Bath Model at WC Kimball starting at $1,895 with a $1.58 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. |
|---|---|---|---|
| Princeton West Townhomes | Four Bedroom | 4BR,5BA | $1.31 |
| WC Kimball | 2 Bed 1 Bath | 2BR,1BA | $1.58 |
| 482 Stella St, Unit 1 | 482 Stella St | 3BR,1BA | $1.60 |
| Blackhawk Apartment Homes | Two Bedroom - 870 sqft | 2BR,1BA | $2.00 |
| Fountain Square | 1Bed/1Bath | 1BR,1BA | $2.32 |
| River's Landing Apartments | 1 Bedroom 1 Bath 675 sq ft | 1BR,1BA | $1.76 |
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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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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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Pet Friendly LifestyleParkwood, Elgin, IL
Ranked #14
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Parkwood, Elgin, IL
School data provided by Great Schools
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 $1,185, while the average apartment in Parkwood costs $17,431.
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.
How do the prices of cheap apartments compare to the average apartment in Parkwood?
Cheap apartments in Parkwood have an average cost of $568 which is $16,863 cheaper than the average rent for all rentals in Parkwood.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.