close
View Me
Rent Specials
$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 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkwood area of Elgin.
close
View Me
Rent Specials
$1,425 - $3,3281 to 3 Bedroom Apartments Available Now
Blackhawk Apartment Homes
926 Congdon AveElgin, IL 60120
close
View Me
Rent Specials
$2,200 - $3,1002 to 3 Bedroom Apartments Available Now
Fountain Square
50 S Grove AveElgin, IL 60120
close
View Me
$826 - $1,2021 to 2 Bedroom Apartments Contact Us For Availability
Fox River Crossing
300 N State StElgin, IL 60123
close
View Me
Rent Specials
$1,025 - $1,450Studio to 2 Bedroom Apartments Available Jun 1
River's Landing Apartments
3 Times SqElgin, IL 60120
close
View Me
$1,156 - $1,7222 to 4 Bedroom Apartments Available Now
Squire Village Apartments
1146 Yew CtElgin, IL 60120
close
View Me
2 to 3 Bedroom Apartments
Alfamerica LLC-398 E Chicago St
398 E Chicago StElgin, IL 60120
close
View Me
1 to 4 Bedroom Apartments
Crestwood of Elgin
45 Poplar Creek DrElgin, IL 60120
close
View Me
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.
close
View Me
1 to 3 Bedroom Apartments
723-729 N Jefferson St
723-729 N Jefferson StElgin, IL 60120
close
View Me
1 Bedroom Apartments
591 Hiawatha Dr
591 Hiawatha DrElgin, IL 60120
close
View Me
2 Bedroom Apartments
700 Bode Rd
700 Bode RdElgin, IL 60120
close
View Me
Studio Apartments
Old Oaks Estates
850 Villa StElgin, IL 60120
close
View Me
4 Bedroom Apartments
10 N Gifford St
10 N Gifford StElgin, IL 60120
close
View Me
1 Bedroom Apartments
70 S Chapel St
70 S Chapel StElgin, IL 60120
close
View Me
Studio to 3 Bedroom Apartments
33 Lynch St
33 Lynch StElgin, IL 60123
close
View Me
1 Bedroom Apartments
520 Walnut Ave
520 Walnut AveElgin, IL 60123
close
View Me
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.
close
View Me
1 to 4 Bedroom Apartments
255 N Spring St
255 N Spring StElgin, IL 60120
close
View Me
1 Bedroom Apartments
280 Douglas Ave
280 Douglas AveElgin, IL 60120
close
View Me
1 Bedroom Apartments
919 Jefferson Ave
919 Jefferson AveElgin, IL 60120
close
View Me
1 to 2 Bedroom Apartments
859 Jefferson Ave
859 Jefferson AveElgin, IL 60120
close
View Me
Studio to 1 Bedroom Apartments
350 E Chicago St
350 E Chicago StElgin, IL 60120
close
View Me
6 Bedroom Apartments
120-122 N Spring St
120-122 N Spring StElgin, IL 60120
close
View Me
Studio Apartments
2000 Ivy Ridge Dr
2000 Ivy Ridge DrElgin, IL 60120
close
View Me
Studio to 2 Bedroom Apartments
Roseanne Apartments
401 E Chicago StElgin, IL 60120
close
View Me
Studio to 3 Bedroom Apartments
Elgin Artspace Lofts - For Artists Only
51 S Spring 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.
close
View Me
1 to 3 Bedroom Apartments
Burnham Schoolhouse
260 Center StElgin, IL 60120
close
View Me
2 Bedroom Apartments
Torrey Pines Apartments
11-25 S Porter StElgin, IL 60120
close
View Me
1 to 2 Bedroom Apartments
Elgin Tower Lofts
100 E Chicago StElgin, IL 60120
close
View Me
2 Bedroom Apartments
WC Kimball
52 N Crystal AveElgin, IL 60123
close
View Me
1 to 3 Bedroom Apartments
Buena Vista Towers
222 Locust StElgin, IL 60123
close
View Me
Studio to 1 Bedroom Apartments
314 E Chicago St
314 E Chicago StElgin, IL 60120
close
View Me
Studio to 2 Bedroom Apartments
Center City Apartments
156 Division StElgin, IL 60120
close
View Me
1 to 2 Bedroom Apartments
Westwind Tower
104 S State StElgin, IL 60123
close
View Me
1 Bedroom Apartments
831 Bode Rd
831 Bode RdElgin, 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.
close
View Me
2 Bedroom Apartments
1121 Birch Dr
1121 Birch DrElgin, 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 | $1,025 | $1,025 | $1,025 |
| Parkwood 1 Bedroom Apartments | $1,474 | $826 | $1,725 |
| Parkwood 2 Bedroom Apartments | $1,712 | $967 | $2,800 |
| Parkwood 3 Bedroom Apartments | $2,897 | $2,290 | $3,100 |
| Parkwood 4 Bedroom Apartments | $10,035 | $1,482 | $10,000+ |
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.
See all Apartments in ElginExplore Elgin
Parkwood, Elgin, IL Local Guide
- Nearby Elgin neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Fox River Townhomes priced from $772. Squire Village Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,156. Here are the most affordable Parkwood apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fox River Townhomes | 2x1 | 2BR,1BA | $772 |
| Squire Village Apartments | 2BR/1.5BA | 2BR,1BA | $1,156 |
| Blackhawk Apartment Homes | One Bedroom - 723 sqft | 1BR,1BA | $1,520 |
| Fountain Square | 2 Bed/ 2 Bath | 2BR,2BA | $2,200 |
Best Value Apartments for Rent in Parkwood, IL
As of May 27, 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 |
| Fox River Townhomes | 3x1 | 3BR,1BA | $1.02 |
| Blackhawk Apartment Homes | One Bedroom - 723 sqft | 1BR,1BA | $2.12 |
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.
Read Article
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.
Read ArticleQuick 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.
Let everyone know!
Do you know the Parkwood area?
If you’re an expert on all things Parkwood, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 $1,520 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 $772 at Fox River Townhomes.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.