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.

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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
  • Utilities Included
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Roseanne Apartments
Studio to 2 Bedroom Apartments

Roseanne Apartments

401 E Chicago StElgin, IL 60120
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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. River's Landing Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,185. Here are the most affordable Southwest Elgin apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Royal Ridge ApartmentsStudioStudio,1BA$1,125
River's Landing Apartments1 Bedroom 1 Bath 675 sq ft1BR,1BA$1,185
39 Surrey Dr39 Surrey2BR,1BA$1,400

Best Value Apartments for Rent in Southwest Elgin, IL

As of October 25, 2025 the best value apartment in the Southwest Elgin area is the $1.41 price per square foot 2 bedroom Model at 333 Raymond St in the in the Beacon Pointe neighborhood starting from $1,695. The second greatest value Southwest Elgin apartment is the 2 Bed 1 Bath Model at WC Kimball starting at $1,895 with a $1.58 price per square foot in the Grant Park 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.
333 Raymond St2 bedroom2BR,1BA$1.41
WC Kimball2 Bed 1 Bath2BR,1BA$1.58
39 Surrey Dr39 Surrey2BR,1BA$1.65
Panton Mill StationThe Beech1BR,1BA$2.20
Fountain Square1Bed/1Bath1BR,1BA$2.32
Seasons at Elgin1B1BR,1BA$2.59
River's Landing Apartments1 Bedroom 1 Bath 675 sq ft1BR,1BA$1.76
Springs At South ElginStudio Grand OverlookStudio ,1BA$2.56
Authentix South ElginStudio Horizon CourtyardStudio ,1BA$2.60
Royal Ridge ApartmentsStudioStudio ,1BA$2.25

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The 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.

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Pet Friendly Lifestyle
Southwest Elgin, Elgin, IL

Ranked #12

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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!

Getting Around the Southwest Elgin Neighborhood in Elgin, IL

Walk Score®

50 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

52 / 100

Bikeable

Some bike infrastructure

Transit Score®

27 / 100

Some Transit

A few nearby public transportation options

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 $1,185 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 $1,400 at 39 Surrey Dr.

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 $2,193.

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.

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.