
Cheap Apartments for Rent in the Southwest Elgin Neighborhood of Elgin, IL from $700 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the Southwest Elgin area of Elgin.


Royal Ridge Apartments

40 Dupage Ct
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.

Regency Apartments

River West Commons

Roseanne Apartments
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.

Elgin Artspace Lofts - For Artists Only
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 | $1,607 | $1,025 | $1,790 |
| Southwest Elgin 1 Bedroom Apartments | $1,832 | $1,235 | $2,195 |
| Southwest Elgin 2 Bedroom Apartments | $2,197 | $1,400 | $2,800 |
| Southwest Elgin 3 Bedroom Apartments | $2,535 | $2,143 | $3,195 |
Browse Apartments in this Neighborhood
There are currently 7 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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Royal Ridge Apartments | Studio | Studio,1BA | $1,125 |
| Panton Mill Station | The Beech | 1BR,1BA | $1,602 |
| Authentix South Elgin | 1 BR Retreat Overlook | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| WC Kimball | 2 Bed 1 Bath | 2BR,1BA | $1.58 |
| Panton Mill Station | The Beech | 1BR,1BA | $1.90 |
| Fountain Square | 1Bed/1Bath | 1BR,1BA | $2.32 |
| Springs At South Elgin | 1 BR Grand Courtyard | 1BR,1BA | $2.48 |
| Seasons at Elgin | 1C | 1BR,1BA | $2.80 |
| Authentix South Elgin | 1 BR Horizon Overlook | 1BR,1BA | $2.54 |
| 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
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.
Helpful Local Expert Guides

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.

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
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.

Best Neighborhoods to Rent in Near Chicago's Top Employers
Written by: Nicole Harms
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.

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Written by: Nicole Harms
From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
Articles, How-To's, and Tips

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
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.