Cheap Apartments for Rent in Elk Grove Village, IL from $800 (20 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Elk Grove Village.

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.

close
View Me
Victoria Hills
1 Bedroom Apartments

Victoria Hills

1854 S Phillip DrMount Prospect, IL 60056
  • Utilities Included

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.

close
View Me
Mansard Lane Apartments
2 Bedroom Apartments

Mansard Lane Apartments

1713-1725 W Mansard LnMount Prospect, IL 60056
  • Utilities Included
close
View Me
Shady Way
1 Bedroom Apartments

Shady Way

920 E Shady WayArlington Heights, IL 60005
  • Utilities Included
close
View Me
Victoria Hills Apartments
1 to 2 Bedroom Apartments

Victoria Hills Apartments

1707-1709 W Victoria DrMount Prospect, IL 60056
  • Utilities Included
close
View Me
Windsor Courts
2 Bedroom Apartments

Windsor Courts

519 Dempster StMount Prospect, IL 60056
  • Utilities Included
close
View Me
Tall Pines
2 Bedroom Apartments

Tall Pines

27 S Roselle RdRoselle, IL 60172
  • Utilities Included

Cash 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.

close
View Me
Brownstone Court
2 Bedroom Apartments

Brownstone Court

1474-1484 S Brownstone CtMount Prospect, IL 60056
  • Utilities Included
close
View Me
637 W Pickwick Ct
2 Bedroom Apartments

637 W Pickwick Ct

637 W Pickwick CtMount Prospect, IL 60056
  • Utilities Included

Elk Grove Village, IL Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Available Elk Grove Village Apartments for Rent

 

The cheapest available apartment rental in Elk Grove Village, IL is a 1 Bed unit found at The Element in the Downtown Mount Prospect neighborhood priced from $1,380. Terraces of Elk Grove in the Bristol Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,429. Here is today’s list of the most affordable Elk Grove Village apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The ElementBirch1BR,1BA$1,380
Terraces of Elk Grove1 Bedroom, 1 Bath (600 sq ft)1BR,1BA$1,429
Orion ProspectEdgebrook1BR,1BA$1,432
The Eclipse at 1450Willow1BR,1BA$1,436
Orion Elk GroveThe Eagle1BR,1BA$1,468

Best Value Apartments for Rent in Elk Grove Village, IL

As of July 31, 2025 the best value apartment in the Elk Grove Village area is the $1.73 price per square foot 2BR/2.0BA Model at Roselle Station Apartments in the starting from $2,295. The second greatest value Elk Grove Village apartment is the 512 W Ida Ct Model at 512 W Ida Ct, Unit 2 starting at $2,300 with a $1.92 price per square foot in the Downtown Mount Prospect neighborhood. Here is today’s list of the best values for Elk Grove Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Roselle Station Apartments2BR/2.0BA2BR,2BA$1.73
512 W Ida Ct, Unit 2512 W Ida Ct3BR,1.5BA$1.92
Orion Arlington LakesLincoln - Renovated1BR,1BA$1.81
A&K Luxury Apartments1B/1B w/Dining or Home Office1BR,1BA$1.93
The Eagles1x1 deluxe1BR,1BA$1.92
Mount Prospect Greens2x1AR - Renovated Evanston2BR,1BA$1.91
Colonial VillageOne Bedroom, Standard1BR,1BA$2.00
Ashton Arlington Heights1 Bed/1 Bath1BR,1BA$2.00
The Eclipse at 1450Willow1BR,1BA$1.97
Village Grove Apartments - 62 +1st Floor Standard1BR,1BA$1.95

Quick 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.

decorative image of people with a giant lease agreement

Elk Grove Village Overview

Boasting a tagline of 'The exceptional Community', Elk Grove Village is a charming locale located in the heart of the Chicago metropolitan area. Equal parts relaxed bedroom community and on-the-move area of growth, Elk Grove Village effortlessly combines natural wonder with the big city amenities that urban Illinois is known for.

Why live in Elk Grove Village, IL?

Elk Grove Village is a city with a firm sense of community and a proud history, making it an ideal place to work and raise a family. Close enough to the opportunities of Chicago while still maintaining a natural beauty and 'village' feel, this is an Illinois hot spot well worthy of your consideration.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Elk Grove Village, IL Rentals by Map

View Map
Elk Grove Village, IL Apartments Map
View Map
Elk Grove Village, IL Rental Homes Map

Getting Around Elk Grove Village, IL

Walk Score®

39 / 100

Car-Dependent

Most errands require a car

Bike Score®

46 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap Elk Grove Village Apartments

What is the Cheapest Studio apartment in Elk Grove Village?

Currently the most affordable Cheap Studio Apartment in Elk Grove Village is at Versailles on the Lakes Schaumburg listed at $1,650.

How much is rent for a Cheap One Bedroom Elk Grove Village Apartment?

The lowest price for a Cheap One Bedroom Elk Grove Village Apartment is $1,380 at The Element.

What is the lowest price for a Cheap Two Bedroom Elk Grove Village Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Elk Grove Village is starting from $1,594 at Orion Prospect.

What is the most affordable Elk Grove Village Three Bedroom Apartment?

The best deal on a cheap Elk Grove Village Three Bedroom Apartment rental is at Colonial Village and starts from $2,075.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.