314 E Chicago St
ElginIL60120
Cheap Homes for Rent in Parkwood Neighborhood of Elgin, IL from $800 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Parkwood area of Elgin.
422 South St
ElginIL60123
608 Cooper Ave
ElginIL60120
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.
119 Tennyson Ct
ElginIL60120
158 N Liberty St
ElginIL60120
821 Bode Rd
ElginIL60120
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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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 a home in Parkwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Parkwood 2 Bedroom Homes for Rent | $2,023 | $1,250 | $2,550 |
| Parkwood 3 Bedroom Homes for Rent | $2,942 | $2,635 | $3,250 |
| Parkwood 4 Bedroom Homes for Rent | $3,086 | $2,400 | $3,895 |
| Parkwood 5 Bedroom Homes for Rent | $6,300 | $6,300 | $6,300 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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 Blackhawk Apartment Homes priced from $1,315. Fountain Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,900. 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 - 598 sqft | 1BR,1BA | $1,315 |
| Fountain Square | 1Bed/1Bath | 1BR,1BA | $1,900 |
| 326-334 Raymond St | 3 Bedroom | 3BR,1BA | $2,085 |
Best Value Apartments for Rent in Parkwood, IL
As of July 25, 2025 the best value apartment in the Parkwood area is the $1.74 price per square foot 3 Bedroom Model at 326-334 Raymond St in the in the West Ridge Village neighborhood starting from $2,085. The second greatest value Parkwood apartment is the 443 Jefferson Ave Model at 443 Jefferson Ave, Unit 3 starting at $1,675 with a $1.86 price per square foot in the West Ridge Village 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. |
|---|---|---|---|
| 326-334 Raymond St | 3 Bedroom | 3BR,1BA | $1.74 |
| 443 Jefferson Ave, Unit 3 | 443 Jefferson Ave | 1BR,1BA | $1.86 |
| Fountain Square | 1Bed/1Bath | 1BR,1BA | $2.32 |
| Blackhawk Apartment Homes | One Bedroom - 598 sqft | 1BR,1BA | $2.20 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Parkwood
What type of rentals are currently available in Parkwood?
There are currently 94 Apartments for Rent in Parkwood, IL with pricing that ranges from $826 to $3,500. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Parkwood ranging from $850 to $6,300.
What is the current price range for Rental Homes in Parkwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Parkwood ranges from $850 to $6,300 with an average monthly rent of $3,121.
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.