Cheap Homes for Rent in South Elgin, IL from $800 (20 Rentals)

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

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

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.

property at 2031 Belmont Ct

2031 Belmont Ct

ElginIL60123

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.

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

 

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. River's Landing Apartments in the Beacon Pointe neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,185. 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
River's Landing Apartments1 Bedroom 1 Bath 675 sq ft1BR,1BA$1,185
39 Surrey Dr39 Surrey2BR,1BA$1,400
Authentix South Elgin1 BR Retreat Overlook1BR,1BA$1,610
Springs At South ElginStudio Grand OverlookStudio,1BA$1,652

Best Value Apartments for Rent in South Elgin, IL

As of October 06, 2025 the best value apartment in the South Elgin area is the $1.00 price per square foot 520 Lawrence Ave Model at 520 Lawrence Ave, Unit #2 second floor in the in the Grant Park neighborhood starting from $1,530. The second greatest value South Elgin apartment is the 168 Harding St Model at 168 Harding St, Unit Duplex starting at $1,800 with a $1.38 price per square foot in the Southeast Elgin Cook 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.
520 Lawrence Ave, Unit #2 second floor520 Lawrence Ave1BR,1BA$1.00
168 Harding St, Unit Duplex168 Harding St2BR,1.5BA$1.38
WC Kimball2 Bed 1 Bath2BR,1BA$1.58
Panton Mill StationThe Sycamore2BR,2BA$1.90
39 Surrey Dr39 Surrey2BR,1BA$1.65
Fountain Square1Bed/1Bath1BR,1BA$2.32
Seasons at Elgin1B1BR,1BA$2.59
Authentix South Elgin1 BR Retreat Overlook1BR,1BA$2.30
River's Landing Apartments1 Bedroom 1 Bath 675 sq ft1BR,1BA$1.76
Royal Ridge ApartmentsStudioStudio ,1BA$2.25

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 South Elgin

What type of rentals are currently available in South Elgin?

There are currently 128 Apartments for Rent in South Elgin, IL with pricing that ranges from $826 to $7,498. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Elgin ranging from $800 to $5,800.

What is the current price range for Rental Homes in South Elgin?

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Elgin ranges from $800 to $5,800 with an average monthly rent of $2,435.

How much are larger Three and Four Bedroom Rentals in South Elgin?

For those who are looking for larger living arrangements, Three Bedroom Apartments in South Elgin range from $1,600 to $3,195, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,775 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,900 and Four Bedroom Apartments start at $2,275.

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.