
Cheap Apartments for Rent in the Southwest Elgin Neighborhood of Elgin, IL from $700 (41 Rentals)
Search the lowest-cost Apartments available for rent right now in the Southwest Elgin area of Elgin.


39 Surrey Dr

Royal Ridge Apartments

River's Landing Apartments

Alfamerica LLC-398 E Chicago St

342-350 S Belmont Ave

620 W Highland Ave

1539-1541 Meyer St
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.

1698 Alison Dr

61 N Aldine Ave

1459 Meyer St

1489 Meyer St

313 Kathleen Dr

Part of PID: 9813701

70 S Chapel St

520 Walnut Ave
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.

10 N Gifford St

33 Lynch St

363 Prairie St

1529 Meyer St

6 S Union St

350 E Chicago St

River West Commons

Roseanne Apartments
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.

Elgin Artspace Lofts - For Artists Only

Burnham Manor - 62 & Over

Elgin Tower Lofts

Westwind Tower

WC Kimball

Center City Apartments

Buena Vista Apartments & Townhomes

Buena Vista Towers
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.

314 E Chicago St

1990 Larkin Ave, Elgin, IL 60123

450 S Belmont Ave

Springs At South Elgin

Panton Mill Station

River Crossing

401 Ann St

Fox Ridge Apartments
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Marison Mill Suites
Southwest Elgin, Elgin, IL Local Guide

How much does it cost to rent an apartment in Southwest Elgin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Southwest Elgin Studio Apartments | $1,526 | $1,000 | $1,790 |
| Southwest Elgin 1 Bedroom Apartments | $1,814 | $1,235 | $2,195 |
| Southwest Elgin 2 Bedroom Apartments | $2,151 | $1,400 | $2,800 |
| Southwest Elgin 3 Bedroom Apartments | $2,476 | $2,000 | $3,195 |
Browse Apartments in this Neighborhood
There are currently 41 rentals with your search options within a 2 mile radius of the Southwest Elgin Neighborhood of Elgin, IL.
See all Apartments in ElginExplore Elgin
Southwest Elgin, Elgin, IL Local Guide
- Nearby Elgin neighborhoods
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Cheapest Available Southwest Elgin Apartments for Rent
 The cheapest available apartment rental in the Southwest Elgin area of Chicago, IL is a Studio unit found at Royal Ridge Apartments priced from $1,125. Springs At South Elgin has the second lowest priced unit, which is a Studio apartment currently listed from $1,606. Here are the most affordable Southwest Elgin apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Royal Ridge Apartments | Studio | Studio,1BA | $1,125 |
| Springs At South Elgin | Studio Grand Overlook | Studio,1BA | $1,606 |
| Panton Mill Station | The Beech | 1BR,1BA | $1,663 |
| Seasons at Elgin | A | Studio,1BA | $1,790 |
| Fountain Square | 1Bed/1Bath | 1BR,1BA | $1,900 |
| Authentix South Elgin | 2-2 BR Retreat Overlook | 2BR,2BA | $1,969 |
Best Value Apartments for Rent in Southwest Elgin, IL
As of February 04, 2026 the best value apartment in the Southwest Elgin area is the $1.97 price per square foot The Beech Model at Panton Mill Station in the in the Valley View neighborhood starting from $1,663. The second greatest value Southwest Elgin apartment is the 1Bed/1Bath Model at Fountain Square starting at $1,900 with a $2.32 price per square foot in the Southeast Elgin Cook neighborhood. Here is today’s list of the best values for Southwest Elgin apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Panton Mill Station | The Beech | 1BR,1BA | $1.97 |
| Fountain Square | 1Bed/1Bath | 1BR,1BA | $2.32 |
| Seasons at Elgin | 1C | 1BR,1BA | $2.80 |
| Authentix South Elgin | 1 BR Horizon Overlook | 1BR,1BA | $2.45 |
| Springs At South Elgin | Studio Grand Overlook | Studio ,1BA | $2.58 |
| Royal Ridge Apartments | Studio | Studio ,1BA | $2.25 |
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 ArticleThe 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.
Read ArticleCash 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.
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.
Best Local Schools in Southwest Elgin, Elgin, IL
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, metropolitan areas, and rental properties across Illinois and customized analysis for West 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 rankings of the best places for easy access to the parks, luxury amenities, pet-friendly features, features that make it easier to raise kids, proximity to transit, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Southwest Elgin Apartments
What is the Cheapest Studio apartment in Southwest Elgin?
Currently the most affordable Cheap Studio Apartment in Southwest Elgin is at Royal Ridge Apartments listed at $1,125.
How much is rent for a Cheap One Bedroom Southwest Elgin Apartment?
The lowest price for a Cheap One Bedroom Southwest Elgin Apartment is $1,305 at Royal Ridge Apartments.
What is the lowest price for a Cheap Two Bedroom Southwest Elgin Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Southwest Elgin is starting from $1,852 at Authentix South Elgin.
What is the most affordable Southwest Elgin Three Bedroom Apartment?
The best deal on a cheap Southwest Elgin Three Bedroom Apartment rental is at Authentix South Elgin and starts from $2,143.
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
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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.

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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.

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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.

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Articles, How-To's, and Tips

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Renting your next home can feel thrilling and overwhelming at the same time.

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Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.