
Cheap Homes for Rent in Elk Grove Village, IL from $800 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Elk Grove Village.


650 Carroll Square

1900 Knights Bridge Dr

1910 W Hatherleigh Ct

710 W Huntington Commons Rd

1105 Holiday Ln
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.

347 Dalewood Ave

57 E Hattendorf Ave

112 Mullingar Ct

1119 E Algonquin Rd

707 Falcon Dr

230 Washington Square
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.

636 Forum Dr
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 | $2,306 | $1,595 | $3,200 |
| Elk Grove Village 3 Bedroom Homes for Rent | $2,940 | $2,400 | $3,600 |
| Elk Grove Village 4 Bedroom Homes for Rent | $4,139 | $3,169 | $5,250 |
Browse Top Homes for Rent in Elk Grove Village
Explore Elk Grove Village
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 Rose Glen Senior in the Far Northwest Suburban Cook neighborhood priced from $1,333. Orion Prospect in the Bristol Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,349. Here is today’s list of the most affordable Elk Grove Village apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rose Glen Senior | 1 Bed 1 Bath | 1BR,1BA | $1,333 |
| Orion Prospect | Edison | 1BR,1BA | $1,349 |
| Regents Park Apartments | Studio Apartment Home | Studio,1BA | $1,385 |
| The Eclipse at 1450 | Willow | 1BR,1BA | $1,400 |
| The Element | 1 Bed 1 Bath Cottonwood A Renovated | 1BR,1BA | $1,425 |
Best Value Apartments for Rent in Elk Grove Village, IL
As of May 22, 2026 the best value apartment in the Elk Grove Village area is the $1.92 price per square foot 2 Bed Plus Model at Aria Luxury Apartments in the in the Metra-Bensenville Station neighborhood starting from $2,798. The second greatest value Elk Grove Village apartment is the 2BR/2.0BA Model at Roselle Station Apartments starting at $2,627 with a $1.98 price per square foot . 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. |
|---|---|---|---|
| Aria Luxury Apartments | 2 Bed Plus | 2BR,2BA | $1.92 |
| Roselle Station Apartments | 2BR/2.0BA | 2BR,2BA | $1.98 |
| Springhill | B1 | 2BR,2BA | $1.56 |
| A&K Luxury Apartments | 1B/1B w/Dining or Home Office | 1BR,1BA | $2.03 |
| Ashton Arlington Heights | B1 | 2BR,2BA | $1.74 |
| The Eagles | 1x1 deluxe | 1BR,1BA | $1.99 |
| Terraces of Elk Grove | Renovated, 1 Bedroom, 1 Bath (900 sq ft) | 1BR,1BA | $1.88 |
| Mount Prospect Greens | 2x1AR - Renovated Evanston | 2BR,1BA | $2.01 |
| Colonial Village Apartments | One Bed | 1BR,1BA | $2.00 |
| 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 ArticleBest 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.
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 $14,697. There are also 66 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elk Grove Village ranging from $800 to $5,250.
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 $800 to $5,250 with an average monthly rent of $2,702.
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 $1,980 to $14,697, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,400 to $3,600. Four Bedroom Single-Family rentals are also available starting from $3,169 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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.