
Cheap Apartments for Rent in Elk Grove Village, IL from $800 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in Elk Grove Village.


638 Carroll Square

Carroll Square - NO FEES AT THIS PROPERTY!!
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.

Beech Pointe Apartments

ReNew Des Plaines North

Rose Glen Senior

Regents Park Apartments

Colonial Village

The Element

The Eclipse at 1450
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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.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Elk Grove Village, IL Local Guide

How much does it cost to rent an apartment in Elk Grove Village?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Elk Grove Village Studio Apartments | $1,668 | $1,170 | $2,105 |
Cheap Elk Grove Village 1 Bedroom Apartments | $1,871 | $1,259 | $3,979 |
Cheap Elk Grove Village 2 Bedroom Apartments | $2,377 | $1,385 | $5,129 |
Cheap Elk Grove Village 3 Bedroom Apartments | $2,900 | $1,915 | $8,410 |
Browse Top Apartments in Elk Grove Village
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Elk Grove Village, IL Local Guide

- Elk Grove Village Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Element | Birch | 1BR,1BA | $1,380 |
Terraces of Elk Grove | 1 Bedroom, 1 Bath (600 sq ft) | 1BR,1BA | $1,429 |
Orion Prospect | Edgebrook | 1BR,1BA | $1,432 |
The Eclipse at 1450 | Willow | 1BR,1BA | $1,436 |
Orion Elk Grove | The Eagle | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Roselle Station Apartments | 2BR/2.0BA | 2BR,2BA | $1.73 |
512 W Ida Ct, Unit 2 | 512 W Ida Ct | 3BR,1.5BA | $1.92 |
Orion Arlington Lakes | Lincoln - Renovated | 1BR,1BA | $1.81 |
A&K Luxury Apartments | 1B/1B w/Dining or Home Office | 1BR,1BA | $1.93 |
The Eagles | 1x1 deluxe | 1BR,1BA | $1.92 |
Mount Prospect Greens | 2x1AR - Renovated Evanston | 2BR,1BA | $1.91 |
Colonial Village | One Bedroom, Standard | 1BR,1BA | $2.00 |
Ashton Arlington Heights | 1 Bed/1 Bath | 1BR,1BA | $2.00 |
The Eclipse at 1450 | Willow | 1BR,1BA | $1.97 |
Village Grove Apartments - 62 + | 1st Floor Standard | 1BR,1BA | $1.95 |
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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.
Best Local Schools in Elk Grove Village, IL
Ridge Family Center For Learning
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Elk Grove Village, IL Rentals by Map
See the most popular apartments and homes in Elk Grove Village, IL
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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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.

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.

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.

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.

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.