Cheap Apartments for Rent in the Southwest Elgin Neighborhood of Elgin, IL from $700 (7 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Southwest Elgin area of Elgin.

property at 40 Dupage Ct

$1,295 - $1,995

Studio To 2 Bedroom Rentals

Available Now

40 Dupage Ct

ElginIL60120

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.

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Regency Apartments
Studio to 3 Bedroom Apartments

Regency Apartments

230 S State StElgin, IL 60123
  • Utilities Included
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River West Commons
Studio to 2 Bedroom Apartments

River West Commons

719 W Highland AveElgin, IL 60123
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Roseanne Apartments
Studio to 2 Bedroom Apartments

Roseanne Apartments

401 E Chicago StElgin, IL 60120
  • Utilities Included

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Southwest Elgin, Elgin, IL Local Guide

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. Panton Mill Station has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,602. Here are the most affordable Southwest Elgin apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Royal Ridge ApartmentsStudioStudio,1BA$1,125
Panton Mill StationThe Beech1BR,1BA$1,602
Authentix South Elgin1 BR Retreat Overlook1BR,1BA$1,610

Best Value Apartments for Rent in Southwest Elgin, IL

As of January 24, 2026 the best value apartment in the Southwest Elgin area is the $1.58 price per square foot 2 Bed 1 Bath Model at WC Kimball in the in the College Green neighborhood starting from $1,895. The second greatest value Southwest Elgin apartment is the The Beech Model at Panton Mill Station starting at $1,602 with a $1.90 price per square foot in the Valley View neighborhood. Here is today’s list of the best values for Southwest Elgin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
WC Kimball2 Bed 1 Bath2BR,1BA$1.58
Panton Mill StationThe Beech1BR,1BA$1.90
Fountain Square1Bed/1Bath1BR,1BA$2.32
Springs At South Elgin1 BR Grand Courtyard1BR,1BA$2.48
Seasons at Elgin1C1BR,1BA$2.80
Authentix South Elgin1 BR Horizon Overlook1BR,1BA$2.54
Royal Ridge ApartmentsStudioStudio ,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.

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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

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 $1,895 at WC Kimball.

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.

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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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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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Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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