
Cheap Homes for Rent in South Elgin, IL from $1,500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in South Elgin.


65 N Aldine St

1840 W Highland Ave

1450 Plymouth Ln
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.

420 Heine Ave

1005 Manchester Ct

393 Wellington Ave

50 S Grove Ave
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

How much does it cost to rent a home in South Elgin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Elgin 2 Bedroom Homes for Rent | $2,051 | $1,500 | $2,650 |
| South Elgin 3 Bedroom Homes for Rent | $2,929 | $2,400 | $6,130 |
| South Elgin 4 Bedroom Homes for Rent | $3,049 | $2,995 | $3,250 |
| South Elgin 5 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Browse Top Homes for Rent in South Elgin
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South Elgin, IL Local Guide
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Cheapest Available South Elgin Apartments for Rent
 The cheapest available apartment rental in South Elgin, IL is a 2 Beds unit found at Fox River Townhomes in the Beacon Pointe neighborhood priced from $772. Royal Ridge Apartments in the Edgewater neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,125. Here is today’s list of the most affordable South Elgin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fox River Townhomes | 2x1 | 2BR,1BA | $772 |
| Royal Ridge Apartments | Studio | Studio,1BA | $1,125 |
| Springs At South Elgin | Studio Grand Overlook | Studio,1BA | $1,607 |
Best Value Apartments for Rent in South Elgin, IL
As of February 20, 2026 the best value apartment in the South Elgin area is the $1.93 price per square foot 2-2 BR Retreat Overlook Model at Authentix South Elgin in the in the Valley View neighborhood starting from $1,981. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Authentix South Elgin | 2-2 BR Retreat Overlook | 2BR,2BA | $1.93 |
| Panton Mill Station | The Beech | 1BR,1BA | $1.97 |
| Seasons at Elgin | 1C | 1BR,1BA | $2.80 |
| Springs At South Elgin | Studio Grand Overlook | Studio ,1BA | $2.58 |
| Royal Ridge Apartments | Studio | Studio ,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 ArticleThe 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 ArticleCash 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 ArticleQuick 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.
Best Local Schools in South Elgin, IL
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore South Elgin, IL Rentals by Map
See the most popular apartments and homes in South Elgin, IL
Frequently Asked Questions about South Elgin
What type of rentals are currently available in South Elgin?
There are currently 123 Apartments for Rent in South Elgin, IL with pricing that ranges from $826 to $11,819. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Elgin ranging from $1,500 to $6,130.
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 $1,500 to $6,130 with an average monthly rent of $3,132.
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 $2,000 to $3,195, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,400 to $6,130. Four Bedroom Single-Family rentals are also available starting from $2,995 and Four Bedroom Apartments start at $10,000.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.

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.

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.