
Cheap Apartments for Rent in South Elgin, IL from $1,025 (50 Rentals)
Search the lowest-cost Apartments available for rent right now in South Elgin.


Panton Mill Station

River Crossing

401 Ann St

Fox Ridge Apartments

Marison Mill Suites

Fountain Square

Fox River Crossing

Royal Ridge Apartments

River's Landing Apartments
Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

Alfamerica LLC-398 E Chicago St

19-25 Walker Pl

700 Bode Rd

342-350 S Belmont Ave

1698 Alison Dr

Old Oaks Estates

1459 Meyer St

61 N Aldine Ave

620 W Highland Ave

1539-1541 Meyer St
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Part of PID: 9813701

33 Lynch St

70 S Chapel St

1489 Meyer St

520 Walnut Ave

327 McClure Ave

255 N Spring St

10 N Gifford St

313 Kathleen Dr

363 Prairie St
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1529 Meyer St

350 E Chicago St

120-122 N Spring St

6 S Union St

River West Commons

Roseanne Apartments

Elgin Artspace Lofts - For Artists Only

39 Surrey Dr

Burnham Schoolhouse

Torrey Pines Apartments
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Burnham Manor - 62 & Over

Elgin Tower Lofts

Westwind Tower

WC Kimball

Buena Vista Towers

Center City Apartments

Buena Vista Apartments & Townhomes

1990 Larkin Ave, Elgin, IL 60123

450 S Belmont Ave

831 Bode Rd
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South Elgin, IL Local Guide

How much does it cost to rent an apartment in South Elgin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap South Elgin Studio Apartments | $1,632 | $1,025 | $2,003 |
| Cheap South Elgin 1 Bedroom Apartments | $1,954 | $1,175 | $3,121 |
| Cheap South Elgin 2 Bedroom Apartments | $2,340 | $1,372 | $3,929 |
| Cheap South Elgin 3 Bedroom Apartments | $2,747 | $2,289 | $4,411 |
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South Elgin, IL Local Guide
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Cheapest Available South Elgin Apartments for Rent
 The cheapest available apartment rental in South Elgin, IL is a 1 Bed unit found at River's Landing Apartments in the Beacon Pointe neighborhood priced from $1,235. Royal Ridge Apartments in the Edgewater neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,400. Here is today’s list of the most affordable South Elgin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| River's Landing Apartments | 1 Bedroom 1 Bath 675 sq ft | 1BR,1BA | $1,235 |
| Royal Ridge Apartments | Studio | Studio,1BA | $1,400 |
| Authentix South Elgin | Studio Horizon Overlook | Studio,1BA | $1,547 |
| Westwind Tower | 1 BED, 1 BATH | 1BR,1BA | $1,597 |
| Springs At South Elgin | Studio Grand Overlook | Studio,1BA | $1,644 |
| Panton Mill Station | The Linden | 1BR,1BA | $1,736 |
| Seasons at Elgin | 1A | 1BR,1BA | $1,895 |
| Fountain Square | 2 Bed/ 2 Bath | 2BR,2BA | $2,200 |
Best Value Apartments for Rent in South Elgin, IL
As of September 13, 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 2 Bedroom 1 Bath 775 sq ft Model at River's Landing Apartments starting at $1,450 with a $1.87 price per square foot in the Beacon Pointe neighborhood. Here is today’s list of the best values for South Elgin apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fountain Square | 2 Bed/ 2 Bath/ Den | 2BR,2.5BA | $2.00 |
| River's Landing Apartments | 2 Bedroom 1 Bath 775 sq ft | 2BR,1BA | $1.87 |
| Panton Mill Station | The Linden | 1BR,1BA | $2.27 |
| Seasons at Elgin | 1B | 1BR,1BA | $2.63 |
| Springs At South Elgin | Studio Grand Overlook | Studio ,1BA | $2.64 |
| Authentix South Elgin | Studio Horizon Courtyard | Studio ,1BA | $3.46 |
| Royal Ridge Apartments | Studio | Studio ,1BA | $2.80 |
| Westwind Tower | 1 BED, 1 BATH | 1BR,1BA | $3.80 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
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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 South Elgin, IL
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore South Elgin, IL Rentals by Map
See the most popular apartments and homes in South Elgin, IL
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 Royal Ridge Apartments listed at $1,400.
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 Springs At South Elgin and starts from $2,539.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.