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

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Regency Apartments
Studio to 3 Bedroom Apartments

Regency Apartments

230 S State StElgin, 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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River West Commons
Studio to 2 Bedroom Apartments

River West Commons

719 W Highland AveElgin, IL 60123
  • Utilities Included
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Roseanne Apartments
1 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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Westwind Tower
1 Bedroom Apartments

Westwind Tower

104 S State StElgin, IL 60123
Senior Living
  • Utilities Included

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 Royal Ridge Apartments in the West Ridge Village 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
Panton Mill StationThe Beech1BR,1BA$1,778

Best Value Apartments for Rent in South Elgin, IL

As of July 30, 2025 the best value apartment in the South Elgin area is the $1.74 price per square foot 3 Bedroom Model at 326-334 Raymond St in the in the West Ridge Village neighborhood starting from $2,085. The second greatest value South Elgin apartment is the 613 Dean Dr Model at 613 Dean Dr, Unit #6 starting at $1,700 with a $1.55 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.
326-334 Raymond St3 Bedroom3BR,1BA$1.74
613 Dean Dr, Unit #6613 Dean Dr2BR,1BA$1.55
Springs At South Elgin2 BR Designer Courtyard Garage2BR,2BA$2.30
39 Surrey Dr39 Surrey2BR,1BA$1.65
Fountain Square1Bed/1Bath1BR,1BA$2.32
Panton Mill StationThe Linden1BR,1BA$2.39
Royal Ridge ApartmentsStudioStudio ,1BA$2.25

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

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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 $1,778 at Panton Mill Station.

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 326-334 Raymond St and starts from $2,085.

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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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.