314 E Chicago St
ElginIL60120
Cheap Apartments for Rent in the Southwest Elgin Neighborhood of Elgin, IL from $700 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Southwest Elgin area of Elgin.
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Rent Specials
$1,025 - $1,450Studio to 2 Bedroom Apartments Available Now
River's Landing Apartments
3 Times SqElgin, IL 60120
214 Dupage St
ElginIL60120
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Rent Specials
$1,250 - $1,350Studio to 1 Bedroom Apartments Available Now
Royal Ridge Apartments
237 Robert DrElgin, IL 60123
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$1,500 - $1,6002 Bedroom Apartments Contact Us For Availability
39 Surrey Dr
51 Surrey DrElgin, IL 60123
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.
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Studio to 3 Bedroom Apartments
Regency Apartments
230 S State StElgin, IL 60123
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Studio to 2 Bedroom Apartments
River West Commons
719 W Highland AveElgin, IL 60123
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Studio to 2 Bedroom Apartments
Roseanne Apartments
401 E Chicago StElgin, IL 60120
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Studio to 3 Bedroom Apartments
Elgin Artspace Lofts - For Artists Only
51 S Spring StElgin, IL 60120
292 Villa St
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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1 to 2 Bedroom Apartments
Westwind Tower
104 S State StElgin, IL 60123
65 N Aldine St, Unit 2, Unit 2
65 N Aldine St
ElginIL60123
530 Locust St
ElginIL60123
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1 to 2 Bedroom Apartments
Elgin Tower Lofts
100 E Chicago StElgin, IL 60120
11 Crighton Ave
ElginIL60123
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.
3 National St
ElginIL60123
Showing Results 1-16, Page 1 of 1
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 | $1,672 | $1,025 | $1,790 |
| Southwest Elgin 1 Bedroom Apartments | $1,849 | $1,200 | $2,195 |
| Southwest Elgin 2 Bedroom Apartments | $2,283 | $1,450 | $2,800 |
| Southwest Elgin 3 Bedroom Apartments | $2,731 | $2,000 | $3,195 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Southwest Elgin Neighborhood of Elgin, IL.
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Southwest Elgin, Elgin, IL Local Guide
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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 1 Bed unit found at River's Landing Apartments priced from $1,235. Royal Ridge Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,250. Here are the most affordable Southwest Elgin apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| River's Landing Apartments | 1 Bedroom 1 Bath 675 sq ft | 1BR,1BA | $1,235 |
| Royal Ridge Apartments | Studio | Studio,1BA | $1,250 |
| Springs At South Elgin | Studio Grand Overlook | Studio,1BA | $1,615 |
| Authentix South Elgin | Studio Retreat Overlook | Studio,1BA | $1,680 |
| Panton Mill Station | The Linden | 1BR,1BA | $1,747 |
Best Value Apartments for Rent in Southwest Elgin, IL
As of April 23, 2026 the best value apartment in the Southwest Elgin area is the $2.00 price per square foot 2 Bed/ 2 Bath/ Den Model at Fountain Square in the in the College Green neighborhood starting from $2,600. The second greatest value Southwest Elgin apartment is the 2 Bedroom 1 Bath 775 sq ft Model at River's Landing Apartments starting at $1,450 with a $1.87 price per square foot in the Beacon Pointe 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. |
|---|---|---|---|
| Fountain Square | 2 Bed/ 2 Bath/ Den | 2BR,2.5BA | $2.00 |
| River's Landing Apartments | 2 Bedroom 1 Bath 775 sq ft | 2BR,1BA | $1.87 |
| Panton Mill Station | The Linden | 1BR,1BA | $2.28 |
| Springs At South Elgin | 1 BR Designer Courtyard Garage | 1BR,1BA | $2.75 |
| Seasons at Elgin | 1B | 1BR,1BA | $2.59 |
| Authentix South Elgin | Studio Horizon Overlook | Studio ,1BA | $3.19 |
| Royal Ridge Apartments | Studio | Studio ,1BA | $2.50 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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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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.
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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.
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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.
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Best Local Schools in Southwest Elgin, Elgin, IL
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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
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 $1,250.
How much is rent for a Cheap One Bedroom Southwest Elgin Apartment?
The lowest price for a Cheap One Bedroom Southwest Elgin Apartment is $1,235 at River's Landing 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 $1,450 at River's Landing Apartments.
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 $2,396.
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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