Cheap Apartments for Rent in South Elgin, IL from $700 (50 Rentals)

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River Crossing
1 Bedroom Apartments

River Crossing

15-85 N Woodbury StSouth Elgin, IL 60177
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401 Ann St
1 to 2 Bedroom Apartments

401 Ann St

401 Ann StSouth Elgin, IL 60177
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Fox Ridge Apartments
2 Bedroom Apartments

Fox Ridge Apartments

643 Dean DrSouth Elgin, IL 60177
  • Utilities Included
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Marison Mill Suites
1 to 2 Bedroom Apartments

Marison Mill Suites

126 N Center StSouth Elgin, IL 60177
Senior Living
  • Utilities Included

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.

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19-25 Walker Pl
Studio Apartments

19-25 Walker Pl

19-25 Walker PlElgin, IL 60120
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700 Bode Rd
2 Bedroom Apartments

700 Bode Rd

700 Bode RdElgin, IL 60120
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1698 Alison Dr
2 Bedroom Apartments

1698 Alison Dr

1698 Alison DrElgin, IL 60123
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1459 Meyer St
Studio Apartments

1459 Meyer St

1459 Meyer StElgin, IL 60123
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61 N Aldine Ave
Studio to 2 Bedroom Apartments

61 N Aldine Ave

61 N Aldine AveElgin, IL 60123

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.

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Part of PID: 9813701
1 to 2 Bedroom Apartments

Part of PID: 9813701

34 Surrey DrElgin, IL 60123
  • Utilities Included
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33 Lynch St
Studio to 3 Bedroom Apartments

33 Lynch St

33 Lynch StElgin, IL 60123
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70 S Chapel St
1 Bedroom Apartments

70 S Chapel St

70 S Chapel StElgin, IL 60120
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1489 Meyer St
6 Bedroom Apartments

1489 Meyer St

1489 Meyer StElgin, IL 60123
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520 Walnut Ave
1 Bedroom Apartments

520 Walnut Ave

520 Walnut AveElgin, IL 60123
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327 McClure Ave
Studio Apartments

327 McClure Ave

327 McClure AveElgin, IL 60123
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255 N Spring St
1 to 4 Bedroom Apartments

255 N Spring St

255 N Spring StElgin, IL 60120
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10 N Gifford St
4 Bedroom Apartments

10 N Gifford St

10 N Gifford StElgin, IL 60120
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313 Kathleen Dr
1 to 2 Bedroom Apartments

313 Kathleen Dr

313 Kathleen DrElgin, IL 60123
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1529 Meyer St
1 Bedroom Apartments

1529 Meyer St

1529 Meyer StElgin, IL 60123

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.

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350 E Chicago St
Studio to 1 Bedroom Apartments

350 E Chicago St

350 E Chicago StElgin, IL 60120
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6 S Union St
1 Bedroom Apartments

6 S Union St

6 S Union StElgin, IL 60123
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River West Commons
Studio to 2 Bedroom Apartments

River West Commons

719 W Highland AveElgin, IL 60123
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Roseanne Apartments
Studio to 2 Bedroom Apartments

Roseanne Apartments

401 E Chicago StElgin, IL 60120
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39 Surrey Dr
Studio to 3 Bedroom Apartments

39 Surrey Dr

51 Surrey DrElgin, IL 60123
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Burnham Manor - 62 & Over
1 to 2 Bedroom Apartments

Burnham Manor - 62 & Over

1350 Fleetwood DrElgin, IL 60123
Senior Living
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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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Westwind Tower
1 to 2 Bedroom Apartments

Westwind Tower

104 S State StElgin, IL 60123
Senior Living
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Elgin Tower Lofts
1 to 2 Bedroom Apartments

Elgin Tower Lofts

100 E Chicago StElgin, IL 60120
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WC Kimball
2 Bedroom Apartments

WC Kimball

52 N Crystal AveElgin, IL 60123
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Center City Apartments
Studio to 2 Bedroom Apartments

Center City Apartments

156 Division StElgin, IL 60120
Senior Living
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314 E Chicago St
Studio to 1 Bedroom Apartments

314 E Chicago St

314 E Chicago StElgin, IL 60120
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831 Bode Rd
1 Bedroom Apartments

831 Bode Rd

831 Bode RdElgin, IL 60120

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

South Elgin, IL Local Guide

Cheapest Available South Elgin Apartments for Rent

 

The cheapest available apartment rental in South Elgin, IL is a Studio unit found at 39 Surrey Dr in the West Ridge Village neighborhood priced from $1,100. River's Landing Apartments in the Beacon Pointe neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,235. Here is today’s list of the most affordable South Elgin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
39 Surrey Dr39 Surrey DriveStudio,1BA$1,100
River's Landing Apartments1 Bedroom 1 Bath 675 sq ft1BR,1BA$1,235
Royal Ridge ApartmentsStudioStudio,1BA$1,250
Authentix South ElginStudio Retreat CourtyardStudio,1BA$1,705
Springs At South Elgin1 BR Designer Overlook1BR,1BA$1,811
Panton Mill StationThe Beech1BR,1BA$1,844
Seasons at Elgin1B1BR,1BA$1,945
Fountain Square2 Bed/ 2 Bath2BR,2BA$2,200

Best Value Apartments for Rent in South Elgin, IL

As of June 15, 2026 the best value apartment in the South Elgin area is the $2.00 price per square foot 2 Bed/ 2 Bath/ Den Model at Fountain Square in the in the College Green neighborhood starting from $2,600. The second greatest value South Elgin apartment is the The Beech Model at Panton Mill Station starting at $1,844 with a $2.18 price per square foot in the Valley View neighborhood. Here is today’s list of the best values for South Elgin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fountain Square2 Bed/ 2 Bath/ Den2BR,2.5BA$2.00
Panton Mill StationThe Beech1BR,1BA$2.18
River's Landing Apartments2 Bedroom 1 Bath 775 sq ft2BR,1BA$1.87
Springs At South Elgin1 BR Designer Courtyard Garage1BR,1BA$2.66
Seasons at Elgin1B1BR,1BA$2.59
39 Surrey Dr39 Surrey DriveStudio ,1BA$1.69
Authentix South ElginStudio Horizon OverlookStudio ,1BA$3.15
Royal Ridge ApartmentsStudioStudio ,1BA$2.50

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.

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Real 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.

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

Explore South Elgin, IL Rentals by Map

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Frequently Asked Questions about Cheap South Elgin Apartments

What is the Cheapest Studio apartment in South Elgin?

Currently the most affordable Cheap Studio Apartment in South Elgin is at 39 Surrey Dr listed at $1,100.

How much is rent for a Cheap One Bedroom South Elgin Apartment?

The lowest price for a Cheap One Bedroom South Elgin Apartment is $1,235 at River's Landing Apartments.

What is the lowest price for a Cheap Two Bedroom South Elgin Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in South Elgin is starting from $1,450 at River's Landing Apartments.

What is the most affordable South Elgin Three Bedroom Apartment?

The best deal on a cheap South Elgin Three Bedroom Apartment rental is at Authentix South Elgin and starts from $2,436.

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.

Articles, How-To's, and Tips

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.