1900 Knights Bridge Dr
Mount ProspectIL60056
Cheap Homes for Rent in Elk Grove Village, IL from $1,400 (19 Rentals)
Search the lowest-cost Homes available for rent right now in Elk Grove Village.
220 S Roselle Rd
SchaumburgIL60193
347 Dalewood Ave
Wood DaleIL60191
230 Washington Square
Elk Grove VillageIL60007
1703 W Mansard Ln
Mount ProspectIL60056
1910 W Hatherleigh Ct
Mount ProspectIL60056
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.
710 W Huntington Commons Rd
Mount ProspectIL60056
615 Verde Dr
SchaumburgIL60173
5513 Chateau Dr
Rolling MeadowsIL60008
101 Boardwalk St
Elk Grove VillageIL60007
220 S Roselle Rd
SchaumburgIL60193
57 E Hattendorf Ave
RoselleIL60172
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.
209 Washington Square
Elk Grove VillageIL60007
707 Sunfish Point
SchaumburgIL60194
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$1,979Studio Apartments Available Now
Furnished Studio-Chicago - Woodfield Mall
1200 American LnSchaumburg, IL 60173
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$2,099Studio Apartments Available Now
Furnished Studio-Chicago - Itasca
1181 Rohlwing RdItasca, IL 60143
120 Inverness Ct
Elk Grove VillageIL60007
717 Whitesail Dr
SchaumburgIL60194
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.
76 Margate Ct
SchaumburgIL60193
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Elk Grove Village, IL Local Guide
How much does it cost to rent a home in Elk Grove Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elk Grove Village 2 Bedroom Homes for Rent | $2,297 | $1,595 | $3,400 |
| Elk Grove Village 3 Bedroom Homes for Rent | $3,218 | $2,650 | $4,000 |
| Elk Grove Village 4 Bedroom Homes for Rent | $3,491 | $3,100 | $4,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Elk Grove Village
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Elk Grove Village, IL Local Guide
- Elk Grove Village Neighborhoods
- Nearby Cities
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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 Orion Prospect in the Bristol Park neighborhood priced from $1,319. Rose Glen Senior in the Far Northwest Suburban Cook neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,333. Here is today’s list of the most affordable Elk Grove Village apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Orion Prospect | Edgebrook | 1BR,1BA | $1,319 |
| Rose Glen Senior | 1 Bed 1 Bath | 1BR,1BA | $1,333 |
| Residences at Arlington Heights | The Meadow | 1BR,1BA | $1,383 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1,400 |
| The Element | 1 Bed 1 Bath Cottonwood A Select | 1BR,1BA | $1,425 |
Best Value Apartments for Rent in Elk Grove Village, IL
As of July 06, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Roselle Station Apartments | 2BR/2.0BA | 2BR,2BA | $1.98 |
| 744 Dempster St, Unit B107 | 744 Dempster St | 2BR,1BA | $1.46 |
| Springhill | B1 | 2BR,2BA | $1.58 |
| A&K Luxury Apartments | 1B/1B w/Dining or Home Office | 1BR,1BA | $2.03 |
| The Eagles | 1x1 deluxe | 1BR,1BA | $1.99 |
| Colonial Village Apartments | One Bed | 1BR,1BA | $2.00 |
| Beech Pointe Apartments | 1E | 1BR,1BA | $2.05 |
| 920 E Shady Way, Unit 6 | 920 E Shady Way | 1BR,1BA | $1.88 |
| ReNew Des Plaines North & South | Des Plaines North - 1x1 | 1BR,1BA | $2.13 |
| The Eclipse at 1450 | Willow | 1BR,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.
Read Article
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
Read ArticleA 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
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.
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Best Local Schools in Elk Grove Village, IL
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
Frequently Asked Questions about Elk Grove Village
What type of rentals are currently available in Elk Grove Village?
There are currently 227 Apartments for Rent in Elk Grove Village, IL with pricing that ranges from $1,220 to $19,062. There are also 71 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elk Grove Village ranging from $1,450 to $4,000.
What is the current price range for Rental Homes in Elk Grove Village?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Elk Grove Village ranges from $1,450 to $4,000 with an average monthly rent of $2,675.
How much are larger Three and Four Bedroom Rentals in Elk Grove Village?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Elk Grove Village range from $2,015 to $14,669, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,650 to $4,000. Four Bedroom Single-Family rentals are also available starting from $3,100 and Four Bedroom Apartments start at $10,000.
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
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.
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.
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.
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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
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.