Cheap Apartments for Rent in Elk Grove Village, IL from $800 (67 Rentals)

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

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Orion Elk Grove
1 to 2 Bedroom Apartments

Orion Elk Grove

991 Charlela LnElk Grove Village, IL 60007

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.

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property at 1115 Holiday Ln

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395
Total Monthly Price
$1,395

1 Bedroom, 1 Bath Condo for Rent

Available Jun 30

1115 Holiday Ln, Unit 15

1115 Holiday Ln
Des PlainesIL60016

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.

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Orion Prospect
Rent Specials
$1,465 - $3,089
Total Monthly Price

Total Monthly Price

Base Rent
$1,465 - $3,089
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1 to 3 Bedroom Apartments Available Now

Orion Prospect

475 W Enterprise DrMount Prospect, IL 60056
Corporate Housing
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Springhill
$1,495 - $1,865
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Total Monthly Price

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$1,495 - $1,865
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Studio to 2 Bedroom Apartments Available Now

Springhill

280 Spring Hill DrRoselle, IL 60172
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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.

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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.

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Victoria Hills
1 Bedroom Apartments

Victoria Hills

1854 S Phillip DrMount Prospect, IL 60056
  • Utilities Included
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Mansard Lane Apartments
2 Bedroom Apartments

Mansard Lane Apartments

1713-1725 W Mansard LnMount Prospect, IL 60056
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Shady Way
1 Bedroom Apartments

Shady Way

920 E Shady WayArlington Heights, IL 60005
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1709 W Victoria Dr
1 to 2 Bedroom Apartments

1709 W Victoria Dr

1709 W Victoria DrMount Prospect, IL 60056
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Windsor Courts
1 to 2 Bedroom Apartments

Windsor Courts

519 Dempster StMount Prospect, IL 60056
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Tall Pines
1 to 2 Bedroom Apartments

Tall Pines

27 S Roselle RdRoselle, IL 60172
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Brownstone Court
2 Bedroom Apartments

Brownstone Court

1474-1484 S Brownstone CtMount Prospect, IL 60056
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637 W Pickwick Ct
2 Bedroom Apartments

637 W Pickwick Ct

637 W Pickwick CtMount Prospect, IL 60056
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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 Rose Glen Senior in the Far Northwest Suburban Cook neighborhood priced from $1,333. The Element in the Downtown Mount Prospect neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,395. Here is today’s list of the most affordable Elk Grove Village apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rose Glen Senior1 Bed 1 Bath1BR,1BA$1,333
The Element1 Bed 1 Bath Cottonwood A Remodel1BR,1BA$1,395
The Eclipse at 1450Willow1BR,1BA$1,400
Terraces of Elk GrovePartially Renovated, 1 Bedroom, 1 Bath (600 sq ft)1BR,1BA$1,459
Orion ProspectLogan1BR,1BA$1,465
Residences at Arlington HeightsThe Arlington1BR,1BA$1,495
Forest Cove Apartments1 Bedroom Floor Plan A21BR,1BA$1,497
Mount Prospect Greens1x1BP - Partial Renovated Arlington1BR,1BA$1,529
Medinah Terrace1 Bed 1 Bath B Renovated1BR,1BA$1,530
Ashton Arlington HeightsA21BR,1BA$1,537

Best Value Apartments for Rent in Elk Grove Village, IL

As of June 12, 2026 the best value apartment in the Elk Grove Village area is the $1.98 price per square foot 2BR/2.0BA Model at Roselle Station Apartments in the starting from $2,627. The second greatest value Elk Grove Village apartment is the 744 Dempster St Model at 744 Dempster St, Unit B107 starting at $1,900 with a $1.46 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$1.98
744 Dempster St, Unit B107744 Dempster St2BR,1BA$1.46
SpringhillB12BR,2BA$1.56
A&K Luxury Apartments1B/1B w/Dining or Home Office1BR,1BA$2.03
The Ponds on Plum Grove2x1Crane2BR,1BA$1.88
The Eagles1x1 deluxe1BR,1BA$1.99
Perry Grove ApartmentsTwo Bedroom2BR,1BA$1.84
Beech Pointe Apartments1E1BR,1BA$2.05
Colonial Village ApartmentsOne Bed - Cozy1BR,1BA$2.12
The Eclipse at 1450Willow1BR,1BA$1.99

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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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

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Real 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.

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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.

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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

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

Explore Elk Grove Village, IL Rentals by Map

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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 The Residences at Hamilton Lakes listed at $1,957.

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 $1,333 at Rose Glen Senior.

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 $1,550 at The Element.

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 Residences at Arlington Heights and starts from $2,550.

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

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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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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.

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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.

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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

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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.

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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.

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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.

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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.