427 Lucile Ave
ElginIL60120
Cheap Homes for Rent in Parkwood Neighborhood of Elgin, IL from $900 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Parkwood area of Elgin.
17 S Channing St
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.
608 Cooper Ave
ElginIL60120
119 Tennyson Ct
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.
Showing Results 1-4, 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 a home in Parkwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Parkwood 2 Bedroom Homes for Rent | $1,989 | $1,400 | $2,400 |
| Parkwood 3 Bedroom Homes for Rent | $2,599 | $900 | $3,500 |
| Parkwood 5 Bedroom Homes for Rent | $7,900 | $7,900 | $7,900 |
Browse Homes for Rent in this Neighborhood
There are currently 4 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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Best Value Apartments for Rent in Parkwood, IL
As of June 18, 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 $1,935 with a $2.53 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 | $2.53 |
| The Villages at Canterfield | A | 1BR,1BA | $2.17 |
| Blackhawk Apartment Homes | One Bedroom - 723 sqft | 1BR,1BA | $1.99 |
| 666 Page Ave, Unit 666 Page Avenue, Unit 2 | 666 Page Ave | 2BR,1BA | $1.93 |
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Frequently Asked Questions about Parkwood
What type of rentals are currently available in Parkwood?
There are currently 100 Apartments for Rent in Parkwood, IL with pricing that ranges from $826 to $3,800. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Parkwood ranging from $900 to $7,900.
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 $900 to $7,900 with an average monthly rent of $3,468.
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.