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Fox River Crossing
300 N State StElgin, IL 60123
Cheap Apartments for Rent in the Parkwood Neighborhood of Elgin, IL from $700 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkwood area of Elgin.
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Rent Specials
from $1,025Studio to 2 Bedroom Apartments Available Sep 1
River's Landing Apartments
3 Times SqElgin, 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.
370 Bent St
ElginIL60120
114 N Spring St
ElginIL60120
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from $1,1411 to 2 Bedroom Apartments Contact Us For Availability
Squire Village Apartments
1146 Yew CtElgin, IL 60120
17 S Channing St
ElginIL60120
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427 Lucile Ave
ElginIL60120
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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.
17 S Channing St
ElginIL60120
608 Cooper Ave
ElginIL60120
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
915 Getty St
ElginIL60120
915 Getty St
ElginIL60120
119 Tennyson Ct
ElginIL60120
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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 | $1,758 | $826 | $2,717 |
| Parkwood 2 Bedroom Apartments | $2,183 | $967 | $3,275 |
| Parkwood 3 Bedroom Apartments | $2,853 | $2,400 | $3,500 |
| Parkwood 4 Bedroom Apartments | $3,800 | $3,800 | $3,800 |
Browse Apartments in this Neighborhood
There are currently 15 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
- Nearby Cities
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- Local Counties
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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 Blackhawk Apartment Homes priced from $1,425. The Villages at Canterfield has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,655. Here are the most affordable Parkwood apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Blackhawk Apartment Homes | One Bedroom - 700 sqft | 1BR,1BA | $1,425 |
| The Villages at Canterfield | A | 1BR,1BA | $1,655 |
| Fountain Square | 1Bed/1Bath | 1BR,1BA | $1,900 |
| Panton Mill Station | The Linden | 1BR,1BA | $1,929 |
Best Value Apartments for Rent in Parkwood, IL
As of June 13, 2025 the best value apartment in the Parkwood area is the $2.32 price per square foot 1Bed/1Bath Model at Fountain Square in the in the Beacon Pointe neighborhood starting from $1,900. The second greatest value Parkwood apartment is the The Linden Model at Panton Mill Station starting at $1,929 with a $2.52 price per square foot in the Valley View 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 | 1Bed/1Bath | 1BR,1BA | $2.32 |
| Panton Mill Station | The Linden | 1BR,1BA | $2.52 |
| The Villages at Canterfield | A | 1BR,1BA | $2.17 |
| Blackhawk Apartment Homes | One Bedroom - 723 sqft | 1BR,1BA | $2.02 |
| 666 Page Ave, Unit 666 Page Avenue | 666 Page Ave | 2BR,1BA | $1.93 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleParkwood, Elgin, IL
Ranked #17
Among neighborhoods in Elgin, IL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet 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
How much is rent for a Cheap One Bedroom Parkwood Apartment?
The lowest price for a Cheap One Bedroom Parkwood Apartment is $1,425 at Blackhawk Apartment Homes.
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 $1,575 at Blackhawk Apartment Homes.
What is the most affordable Parkwood Three Bedroom Apartment?
The best deal on a cheap Parkwood Three Bedroom Apartment rental is at The Villages at Canterfield and starts from $2,750.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.