Cheap Apartments for Rent in South Elgin, IL from $700 (51 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

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

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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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Part of PID: 9813701
1 to 2 Bedroom Apartments

Part of PID: 9813701

34 Surrey DrElgin, IL 60123
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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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363 Prairie St
Studio to 3 Bedroom Apartments

363 Prairie St

363 Prairie StElgin, IL 60120

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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1529 Meyer St
1 Bedroom Apartments

1529 Meyer St

1529 Meyer StElgin, IL 60123
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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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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.

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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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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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Westwind Tower
1 to 2 Bedroom Apartments

Westwind Tower

104 S State StElgin, IL 60123
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.

South Elgin, IL Local Guide

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. Authentix South Elgin in the Valley View neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,542. Here is today’s list of the most affordable South Elgin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
River's Landing Apartments1 Bedroom 1 Bath 675 sq ft1BR,1BA$1,235
Authentix South ElginStudio Horizon OverlookStudio,1BA$1,542
Panton Mill StationThe Beech1BR,1BA$1,700
Springs At South Elgin1 BR Grand Courtyard1BR,1BA$1,727
Seasons at Elgin1B1BR,1BA$1,950
Fountain Square2 Bed/ 2 Bath2BR,2BA$2,200

Best Value Apartments for Rent in South Elgin, IL

As of July 30, 2026 the best value apartment in the South Elgin area is the $2.16 price per square foot 3 BR Grand Courtyard Garage Model at Springs At South Elgin in the in the Valley View neighborhood starting from $2,881. The second greatest value South Elgin apartment is the 2 Bed/ 2 Bath/ Den Model at Fountain Square starting at $2,600 with a $2.00 price per square foot in the College Green 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.
Springs At South Elgin3 BR Grand Courtyard Garage3BR,2BA$2.16
Fountain Square2 Bed/ 2 Bath/ Den2BR,2.5BA$2.00
Seasons at Elgin1C1BR,1BA$2.80
Panton Mill StationThe Linden1BR,1BA$2.35
River's Landing Apartments1 Bedroom 1 Bath 675 sq ft1BR,1BA$1.83
Authentix South ElginStudio Horizon CourtyardStudio ,1BA$2.90

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!

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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 Authentix South Elgin listed at $1,542.

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 $2,048 at Authentix South Elgin.

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 $2,792.

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 Rent According to Income: A Look at Income-Restricted Rentals   article

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.

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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.