Cheap Apartments for Rent in South Elgin, IL from $700 (10 Rentals)

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Search the lowest-cost Apartments available for rent right now in South Elgin.

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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Regency Apartments
Studio to 3 Bedroom Apartments

Regency Apartments

230 S State StElgin, IL 60123
  • Utilities Included
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River West Commons
Studio to 2 Bedroom Apartments

River West Commons

719 W Highland AveElgin, IL 60123
  • Utilities Included

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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Roseanne Apartments
Studio to 2 Bedroom Apartments

Roseanne Apartments

401 E Chicago StElgin, IL 60120
  • Utilities Included
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114 N Spring St
2 Bedroom Apartments

114 N Spring St

114 N Spring StElgin, IL 60120

South Elgin, IL Local Guide

Cheapest Available South Elgin Apartments for Rent and Nearby

 

The cheapest available apartment rental in South Elgin, IL is a Studio unit found at Royal Ridge Apartments in the Edgewater neighborhood priced from $1,125. 39 Surrey Dr in the West Ridge Village neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,400. Here is today’s list of the most affordable South Elgin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Royal Ridge ApartmentsStudioStudio,1BA$1,125
39 Surrey Dr39 Surrey2BR,1BA$1,400
Springs At South ElginStudio Grand OverlookStudio,1BA$1,659

Best Value Apartments for Rent in South Elgin, IL and Nearby

As of September 14, 2025 the best value apartment in the South Elgin area is the $1.38 price per square foot 168 Harding St Model at 168 Harding St, Unit Duplex in the in the Southeast Elgin Cook neighborhood starting from $1,800. The second greatest value South Elgin apartment is the 2 Bed 1 Bath Model at WC Kimball starting at $1,895 with a $1.58 price per square foot in the Grant Park 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.
168 Harding St, Unit Duplex168 Harding St2BR,1.5BA$1.38
WC Kimball2 Bed 1 Bath2BR,1BA$1.58
438 Villa St, Unit 1438 Villa St4BR,2BA$2.18
Seasons at Elgin1G1BR,1BA$2.11
39 Surrey Dr39 Surrey2BR,1BA$1.65
Fountain Square1Bed/1Bath1BR,1BA$2.32
Panton Mill StationThe Linden1BR,1BA$2.23
Authentix South Elgin1 BR Horizon Overlook1BR,1BA$2.46
Springs At South ElginStudio Grand OverlookStudio ,1BA$2.80
Royal Ridge ApartmentsStudioStudio ,1BA$2.25

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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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Getting Around South Elgin, IL

Walk Score®

41 / 100

Car-Dependent

Most errands require a car

Bike Score®

51 / 100

Bikeable

Some bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap South Elgin Apartments

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

The lowest price for a Cheap One Bedroom South Elgin Apartment is $1,599 at Authentix South Elgin.

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 $1,400 at 39 Surrey Dr.

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 $2,601.

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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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.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.