Cheap Apartments for Rent in Elk Grove Village, IL from $800 (18 Rentals)

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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.

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Victoria Hills
1 Bedroom Apartments

Victoria Hills

1854 S Phillip DrMount Prospect, IL 60056
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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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Windsor Courts
2 Bedroom Apartments

Windsor Courts

519 Dempster StMount Prospect, IL 60056
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27 S Roselle Rd
2 Bedroom Apartments

27 S Roselle Rd

27 S Roselle RdRoselle, IL 60172
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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
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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 Colonial Village in the Far Northwest Suburban Cook neighborhood priced from $1,355. The Eclipse at 1450 in the Downtown Mount Prospect neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,372. Here is today’s list of the most affordable Elk Grove Village apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Colonial VillageOne Bedroom, Standard1BR,1BA$1,355
The Eclipse at 1450Willow1BR,1BA$1,372
Orion ParkViewMonroe1BR,1BA$1,446
Willow Crossing ApartmentsLily1BR,1BA$1,468
Mount Prospect Greens1x1BP - Partial Renovated Arlington1BR,1BA$1,489

Best Value Apartments for Rent in Elk Grove Village, IL

As of June 26, 2025 the best value apartment in the Elk Grove Village area is the $1.75 price per square foot 2BR/2.0BA Model at Roselle Station Apartments in the starting from $2,318. The second greatest value Elk Grove Village apartment is the Lincoln - Renovated Model at Orion Arlington Lakes starting at $1,978 with a $1.87 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$1.75
Orion Arlington LakesLincoln - Renovated1BR,1BA$1.87
ReNew Des Plaines North & SouthDes Plaines South - 2x22BR,2BA$1.76
A&K Luxury Apartments1B/1B w/Dining or Home Office1BR,1BA$1.86
Medinah Terrace Apartments2 Bed 2 Bath Renovated Level 22BR,2BA$2.04
The Eagles1x1 deluxe1BR,1BA$1.92
Marshall Place1BR/1.0BA1BR,1BA$1.94
Colonial VillageOne Bedroom, Standard1BR,1BA$1.72
The Eclipse at 1450Willow1BR,1BA$1.95
Willow Crossing ApartmentsLily1BR,1BA$2.10

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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.

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

Explore Elk Grove Village, IL Rentals by Map

View MapElk Grove Village, IL Apartments MapView MapElk 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 Metro 19 Apartments listed at $1,773.

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 $1,355 at Colonial Village.

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 $1,546 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 Colonial Village and starts from $1,915.

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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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.