Cheap Apartments for Rent in South Elgin, IL from $700 (11 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 40 Dupage Ct

$1,295 - $1,995

Studio To 2 Bedroom Rentals

Available Now

40 Dupage Ct

ElginIL60120

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.

close
View Me
Regency Apartments
Studio to 3 Bedroom Apartments

Regency Apartments

230 S State StElgin, IL 60123
  • Utilities Included
close
View Me
Fox River Townhomes
2 to 5 Bedroom Apartments

Fox River Townhomes

320 Watch CtElgin, IL 60120
  • Utilities Included
close
View Me
River West Commons
Studio to 2 Bedroom Apartments

River West Commons

719 W Highland AveElgin, IL 60123
  • Utilities Included
close
View Me
Roseanne Apartments
Studio to 2 Bedroom Apartments

Roseanne Apartments

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

114 N Spring St

114 N Spring StElgin, IL 60120

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.

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. Authentix South Elgin in the Valley View neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,650. 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
Authentix South Elgin1 BR Retreat Overlook1BR,1BA$1,650
Panton Mill StationThe Beech1BR,1BA$1,663
Seasons at ElginAStudio,1BA$1,790
WC Kimball2 Bed 1 Bath2BR,1BA$1,895

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

As of January 26, 2026 the best value apartment in the South Elgin area is the $1.58 price per square foot 2 Bed 1 Bath Model at WC Kimball in the in the College Green neighborhood starting from $1,895. The second greatest value South Elgin apartment is the The Beech Model at Panton Mill Station starting at $1,663 with a $1.97 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.
WC Kimball2 Bed 1 Bath2BR,1BA$1.58
Panton Mill StationThe Beech1BR,1BA$1.97
Fountain Square1Bed/1Bath1BR,1BA$2.32
Springs At South Elgin1 BR Grand Courtyard1BR,1BA$2.35
Seasons at Elgin1C1BR,1BA$2.80
Authentix South Elgin1 BR Horizon Overlook1BR,1BA$2.47
Royal Ridge ApartmentsStudioStudio ,1BA$2.25

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 Article
Decorative image

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

Explore South Elgin, IL Rentals by Map

View Map
South Elgin, IL Apartments Map
View Map
South Elgin, IL Rental Homes Map

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 $1,305 at Royal Ridge 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 $1,852 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 $2,143.

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 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.