Cheap Homes for Rent in Elk Grove Village, IL from $1,300 (26 Rentals)

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Search the lowest-cost Homes 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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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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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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 The Eclipse at 1450 in the Downtown Mount Prospect neighborhood priced from $1,358. The Element in the Downtown Mount Prospect neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,426. Here is today’s list of the most affordable Elk Grove Village apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Eclipse at 1450Willow1BR,1BA$1,358
The ElementCedar1BR,1BA$1,426
Terraces of Elk Grove1 Bedroom, 1 Bath (600 sq ft)1BR,1BA$1,429
Orion Elk GroveThe Eagle1BR,1BA$1,454
Mount Prospect Greens1x1BP - Partial Renovated Arlington1BR,1BA$1,469
Residences at Arlington HeightsThe Meadow1BR,1BA$1,470
Orion ParkViewMonroe1BR,1BA$1,496
Orion ProspectKenwood1BR,1BA$1,504
ReNew Des Plaines NorthDes Plaines North - 1x11BR,1BA$1,510
Willow Crossing ApartmentsLily1BR,1BA$1,537

Best Value Apartments for Rent in Elk Grove Village, IL

As of July 25, 2025 the best value apartment in the Elk Grove Village area is the $1.73 price per square foot 2BR/2.0BA Model at Roselle Station Apartments in the starting from $2,295. The second greatest value Elk Grove Village apartment is the 512 W Ida Ct Model at 512 W Ida Ct, Unit 2 starting at $2,300 with a $1.92 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$1.73
512 W Ida Ct, Unit 2512 W Ida Ct3BR,1.5BA$1.92
Orion Arlington LakesLincoln - Renovated1BR,1BA$1.87
A&K Luxury Apartments1B/1B w/Dining or Home Office1BR,1BA$1.93
The Eagles1x1 deluxe1BR,1BA$1.92
Mount Prospect Greens2x1AR - Renovated Evanston2BR,1BA$1.89
Colonial VillageOne Bedroom, Standard1BR,1BA$2.00
Ashton Arlington Heights1 Bed/1 Bath1BR,1BA$2.01
The Eclipse at 1450Willow1BR,1BA$1.97
Village Grove Apartments - 62 +1st Floor Standard1BR,1BA$1.95

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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 224 Apartments for Rent in Elk Grove Village, IL with pricing that ranges from $1,170 to $9,000. There are also 103 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elk Grove Village ranging from $1,395 to $8,000.

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 $1,395 to $8,000 with an average monthly rent of $3,330.

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.

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

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.