Cheap Homes for Rent in Elk Grove Village, IL from $1,400 (22 Rentals)

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Elk Grove Village, IL Local Guide

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 $1,336. Orion ParkView in the Downtown Mount Prospect neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,361. Here is today’s list of the most affordable Elk Grove Village apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Orion ProspectEdison1BR,1BA$1,336
Orion ParkViewMonroe1BR,1BA$1,361
Terraces of Elk Grove1 Bedroom, 1 Bath (600 sq ft)1BR,1BA$1,399
The ElementBirch1BR,1BA$1,441
The Grove at Schaumburg ApartmentsLily1BR,1BA$1,503

Best Value Apartments for Rent in Elk Grove Village, IL

As of September 14, 2025 the best value apartment in the Elk Grove Village area is the $1.84 price per square foot 2BR/2.0BA Model at Roselle Station Apartments in the starting from $2,443. The second greatest value Elk Grove Village apartment is the Sheridan Model at Orion Arlington Lakes starting at $2,072 with a $1.74 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$1.84
Orion Arlington LakesSheridan2BR,2BA$1.74
A&K Luxury Apartments1B/1B w/Dining or Home Office1BR,1BA$1.93
The Eagles1x1 deluxe1BR,1BA$1.92
Mount Prospect Greens2x1.5AR - Renovated Lincoln2BR,1.5BA$1.85
Colonial Village ApartmentsOne Bed1BR,1BA$2.00
Village Grove Apartments - 62 +2nd Floor Premier1BR,1BA$1.75
Ashton Arlington Heights1 Bed/1 Bath1BR,1BA$2.28
The Eclipse at 1450Willow1BR,1BA$2.20
The ElementBirch1BR,1BA$2.22

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

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Frequently Asked Questions about Elk Grove Village

What type of rentals are currently available in Elk Grove Village?

There are currently 223 Apartments for Rent in Elk Grove Village, IL with pricing that ranges from $1,170 to $7,205. There are also 133 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elk Grove Village ranging from $1,450 to $4,900.

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 $4,900 with an average monthly rent of $2,979.

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 $1,781 to $7,205, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $4,200. Four Bedroom Single-Family rentals are also available starting from $2,599 and Four Bedroom Apartments start at $6,322.

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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

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