
Cheap Homes for Rent in Elgin, NE from $500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Elgin.


208 E 5th St

15 Jackson Ave

507 W 20th St
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.

304 N 12th St

908 1st St

535 Oak St

708 16th 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.
Elgin, NE Local Guide

How much does it cost to rent a home in Elgin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elgin 2 Bedroom Homes for Rent | $1,361 | $850 | $1,750 |
| Elgin 3 Bedroom Homes for Rent | $1,835 | $975 | $2,750 |
| Elgin 4 Bedroom Homes for Rent | $2,066 | $1,800 | $2,400 |
| Elgin 5 Bedroom Homes for Rent | $2,174 | $2,150 | $2,199 |
Browse Top Homes for Rent in Elgin
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Elgin, NE Local Guide
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Cheapest Available Elgin Apartments for Rent and Nearby
 The cheapest available apartment rental in Elgin, NE is a Studio unit found at Oak Park Apartments priced from $605. Prospect Ridge Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here is today’s list of the most affordable Elgin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Oak Park Apartments | Efficiency - Interior | Studio,1BA | $605 |
| Prospect Ridge Apartments | Studio | Studio,1BA | $725 |
| 150 Poppe Dr | Studio | Studio,1BA | $725 |
Best Value Apartments for Rent in Elgin, NE and Nearby
As of June 18, 2026 the best value apartment in the Elgin area is the $1.16 price per square foot 2 Beds, 1 bath Model at 414 W Phillip Ave in the starting from $1,450. The second greatest value Elgin apartment is the 3 Bedroom Model at LongLeaf Apartments starting at $1,145 with a $1.04 price per square foot . Here is today’s list of the best values for Elgin apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 414 W Phillip Ave | 2 Beds, 1 bath | 2BR,1BA | $1.16 |
| LongLeaf Apartments | 3 Bedroom | 3BR,2BA | $1.04 |
| Westbrook Estates I | 2 Bed 1 Bath | 2BR,1BA | $1.15 |
| Cottonwood Creek Apartments | 2 Bedroom | 2BR,2BA | $1.29 |
| Meadow Wood | B2 - Ash | 2BR,1BA | $1.09 |
| Cedar Ridge | 2 Bed 2 Bath | 2BR,2BA | $1.20 |
| The Apartment Place | 1BR/1BA | 1BR,1BA | $1.07 |
| Ridgeland Park Apartments in York | York | 2BR,1BA | $1.34 |
| PLUM VILLA | Unit B | 2BR,1BA | $1.25 |
| Saracen Courts | Unit 108 | 1BR,2BA | $1.18 |
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Elgin, NE Rentals by Map
See the most popular apartments and homes in Elgin, NE
Frequently Asked Questions about Elgin
What type of rentals are currently available in Elgin?
There are currently 50 Apartments for Rent in Elgin, NE with pricing that ranges from $605 to $2,450. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elgin ranging from $595 to $2,750.
What is the current price range for Rental Homes in Elgin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Elgin ranges from $595 to $2,750 with an average monthly rent of $1,519.
How much are larger Three and Four Bedroom Rentals in Elgin?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Elgin range from $1,000 to $2,301, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $2,750. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $1,400.
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.
Articles, How-To's, and Tips

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.